Adhesive and Sealants Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030
The Global Adhesive and Sealants Market Size accounted for USD 62.9 Billion in 2021 and is estimated to achieve a market size of USD 103.2 Billion by 2030 growing at a CAGR of 5.8% from 2022 to 2030. The adhesive and sealants market growth is primarily driven by a steady demand for packaging items from the food and beverage sector. Furthermore, the increased demand for bio-based adhesives is expected to create enormous potential for the adhesive and sealants market value over the projection period.
Adhesive and Sealants Market Report Key Highlights
- Global adhesive and sealants market revenue intended to gain USD 103.2 billion by 2030 with a CAGR of 5.8% from 2022 to 2030
- Asia-Pacific region led with more than 35.8% adhesive and sealants market share in 2021
- Europe regional market is expected to grow at a CAGR of more than 6% during the forecast period
- Among adhesive application, construction category engaged more than 28% of the total market share
- By adhesive technology, reactive & others segment generated about 48% market share in 2021
- Rising necessity for non-hazardous and sustainable products, drives the adhesive and sealants market size
The sealant is the type of mechanical seal and material used to lump the passage of fluids through the surface or joints or openings in material, whereas an adhesive is a chemical mixture used for joining two surfaces. The adhesive and sealants both are similar in technologies and chemicals formulated and also used for a wide range of applications. Additionally, adhesives and sealants come under the same industry but their uses are distinct in various applications. Generally, adhesives are used for applications related to holding and bonding owing to their features such as high tensile, and shear strength. Moreover, sealants are mostly used to resist relative movements of substrates and to fill gaps due to greater flexibility but in terms of strength, it is lower than adhesives.
Global Adhesive and Sealants Market Trends
Market Drivers
- Growing demands from the packaging industry
- Shifting focus toward adhesive bonding for composite materials
- Increased demand in the medical industry
- Growth in the consumer products industry
Market Restraints
- Stringent environmental regulations
- Rising VOC Emissions
Market Opportunities
- Significantly raise industrial activities due to globalization
- Rising necessity for non-hazardous and sustainable adhesives and sealants
Adhesive and Sealants Market Report Coverage
| Market | Adhesive and Sealants Market |
| Adhesive and Sealants Market Size 2021 | USD 62.9 Billion |
| Adhesive and Sealants Market Forecast 2030 | USD 103.2 Billion |
| Adhesive and Sealants Market CAGR During 2022 - 2030 | 5.8% |
| Adhesive and Sealants Market Analysis Period | 2018 - 2030 |
| Adhesive and Sealants Market Base Year | 2021 |
| Adhesive and Sealants Market Forecast Data | 2022 - 2030 |
| Segments Covered | By Adhesive Technology, By Revenue, By Adhesive Application, By Sealant Product, By Sealant Application, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | BASF SE, The Dow Chemical Company, 3M Company, Avery Denison Corporation, Ashland Inc., Beardow & Adams Limited, Arkema, Ellsworth Adhesives, Eastman Chemical Company, Henkel AG & Co., H.B Fuller Company, N.D. Industries Inc., Momentive Specialty Chemical Industries, Uniseal Inc., and Sika AG. |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
The factors driving the growth of the market include the usage of adhesives and sealants in the applications such as vehicles and aircraft which help in weight reduction. Accordingly, the automotive industry is replacing welding techniques of the engine parts with products of adhesives and sealants, which improves fuel efficiency owing to the reduction in weight. Recently, increase in the adoption of adhesive and sealants in the construction industry for glass building infrastructures which are mostly preferred by the organization to improve the look of the structure; hence, sealants are used for installing glass sheets inside the panel to attain waterproof structure. Furthermore, the adhesive is used extensively in the disposable medical device sector owing to the improved methods of processing and technology. However, the factors that contribute to flourishing the growth of adhesives and sealants market is due to advancements in medical procedures and the geriatric population.
Adhesive and Sealants Market Segmentation
The worldwide adhesive and sealants market segmentation is based on the adhesive technology, adhesive product, adhesive application, sealant product, sealant application, and geography.
Adhesive and Sealants Market By Adhesive Technology
- Water Based
- Hot Melt
- Solvent Based
- Reactive & Other
According to the adhesive and sealants industry analysis, the reactive & others segment held a significant market share in 2021. Reactive technology-based products provide various benefits in a wide range of industries and are thus driving the segment's growth. The benefits include faster manufacturing speeds because of the quick setting time, improved high thermal stability, and strong adhesive qualities to a variety of substrates.
Adhesive and Sealants Market By Adhesive Product
- Acrylic
- PVA
- Polyurethanes
- Styrenic Block
- Epoxy
- Eva
- Other
In terms of adhesive products, the polyurethane segment is gaining market traction. Polyurethane adhesive materials have great features like fast drying, good wear and resistance to chemical attack, and excellent binding strength on a variety of substrates like plastic, rubber, metal, wood, and glass. Such products are often based on responsive technology and comprise urethane-linked polymers. These ingredients give adhesive firmness, low viscosity, as well as a shorter cure time.
Adhesive and Sealants Market By Adhesive Application
- Pressure sensitive applications
- Footwear
- Packaging
- Construction
- Furniture
- Automotive
- Other
According to the adhesive and sealants market forecast, the construction segment is expected to generate numerous potential in the industry in the coming years. This segment of the adhesives and sealants industry is undergoing rapid technological and architectural advancement. Airports, mining sites, transportation systems, and also residential developments are undergoing massive transformations to meet changing norms and specifications.
Adhesive and Sealants Market By Sealant Product
- Silicones
- Polyurethanes
- Acrylic
- Polyvinyl acetate
- Other
Based on the sealant product, the silicone segment had the highest consumption in the sealants market. The segment is expected to grow due to increased construction activity and infrastructure spending. The growth of the category is expected to profit from the building of bridges, museums, chemical/industrial process units, stadiums, halls, research centers, as well as medical buildings.
Adhesive and Sealants Market By Sealant Application
- Construction
- Packaging
- Automotive
- Pressure sensitive tapes
- Assembly
- Consumers
- Other
In terms of sealant application, the construction segment is dominating the global market in 2021. This market segment is on a continuous rise and is consistently reporting significant gains. As a result, demand for the building element is boosted, increasing the requirement for sealants and supporting market expansion.
Adhesive and Sealants Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Asia-Pacific Holds Dominating Share Of Adhesive and Sealants Market
In terms of geography, the Asia-Pacific region will lead the global market in 2021. In nations like China, India, and Japan, demand for construction, packaging, and electronics is booming. In order to attract customers, businesses such as food and beverage, beauty products, and consumer products are constantly inventing new items, boosting production, and using appealing packaging materials. Manufacturing firms have switched to packaging applications due to their lightweight and allow for the sale of products in varying quantities without significantly increasing packaging costs, as opposed to metal or glassware packaging.
Adhesive and Sealants Market Players
Some of the top adhesive and sealants companies offered in the professional report include BASF SE, The Dow Chemical Company, 3M Company, Avery Denison Corporation, Ashland Inc., Beardow & Adams Limited, Arkema, Ellsworth Adhesives, Eastman Chemical Company, Henkel AG & Co., H.B Fuller Company, N.D. Industries Inc., Momentive Specialty Chemical Industries, Uniseal Inc., and Sika AG.
Frequently Asked Questions
What is the size of global adhesive and sealants market in 2021?
The estimated value of global adhesive and sealants market in 2021 was accounted to be USD 62.9 Billion.
What is the CAGR of global adhesive and sealants market during forecast period of 2022 to 2030?
The projected CAGR adhesive and sealants market during the analysis period of 2022 to 2030 is 5.8%.
Which are the key players operating in the market?
The prominent players of the global adhesive and sealants market are BASF SE, The Dow Chemical Company, 3M Company, Avery Denison Corporation, Ashland Inc., Beardow & Adams Limited, Arkema, Ellsworth Adhesives, Eastman Chemical Company, Henkel AG & Co., H.B Fuller Company, N.D. Industries Inc., Momentive Specialty Chemical Industries, Uniseal Inc., and Sika AG.
Which region held the dominating position in the global adhesive and sealants market?
Asia-Pacific held the dominating Adhesive and sealants during the analysis period of 2022 to 2030.
Which region registered the fastest growing CAGR for the forecast period of 2022 to 2030?
Europe region exhibited fastest growing CAGR for adhesive and sealants during the analysis period of 2022 to 2030.
What are the current trends and dynamics in the global Adhesive and Sealants market?
Growing demands from the packaging industry and shifting focus toward adhesive bonding for composite materials drives the growth of global adhesive and sealants market.
By Adhesive Technology segment, which sub-segment held the maximum share?
Based on adhesive technology, water based segment is expected to hold the maximum share adhesive and sealants market.
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