Adhesives and Sealants Market

Adhesives and Sealants Market size touched USD 71.6 billion in 2022 and is projected to reach USD 98 billion in 2030, growing at a CAGR of 4.0% during the forecast period from 2023-2030 attributed to growing demand for packaging from different industries like food and beverage and rise in the number of construction activities around the world.

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Major Adhesives and Sealants Market Trends and Drivers

Primary factors driving adhesives and sealants market are increasing demand from construction industry, growing popularity of performance polymers and changing pattern consumption of materials in packaging sector. Construction industry is booming worldwide owing to rapid urbanization and increasing population. Over the years, demand for construction of permanent houses have increased significantly in developing countries like India, Brazil and Indonesia due to rising per capita incomes in these countries. Adhesives and sealants find application majorly in bonding and joining materials like wood, metal, and concrete in the construction industry. Additionally, on-going investments by governments on infrastructure projects coupled with increasing usage of high-performance adhesives in automotive industry, will have a positive impact on the global adhesives market.

Air pollution has become a major concern worldwide, adhesives and used sealants used in different industries produces chemicals like volatile organic compounds (VOC) and hazardous air pollutants, which contributes to air pollution. Such chemicals facilitate the development of smog in the atmosphere which can lead the respiratory problems like asthma and cardiovascular disease. As a result, government worldwide are enforcing regulations, which promotes the usage of eco-friendly or low-level VOC emitting adhesives and sealants, which in turn in creating opportunities for adhesives and sealants manufacturing companies to expand their business. Some of the companies are focusing on manufacturing such types of adhesives and sealants to meet regulatory compliance, for example, Henkel, a German Chemicals Manufacturing company offers solvent-free products like H4500, H3151 and H4710.

Growing concerns of climate change worldwide has accelerated the construction of green buildings, as these buildings are these buildings are built on environment friendly construction materials and are energy efficient. UN estimates, the global building construction industry emits more than 37% of the total energy related carbon emissions. This governments in various countries are giving incentives in the form of tax credits and grants for promoting the construction of green structures, which is creating growth opportunities for adhesives & sealants market.

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According to adhesive and sealant market research report, Construction segment is estimated to dominate the market

Sealants can also be used as adhesives in for structural gazing applications owing to its strong bonding properties. Adhesives capability to work in high humid conditions or during electrical stress, is one of its major feature, pushing its demand in the global construction adhesives and sealants market. Furthermore, growing application of adhesives for joining tailgates, and bumpers in passenger and commercial vehicles, is projected to have positive impact on automotive adhesives and sealants market.

Based on Product, Polyurethane segment is forecast to expand at the fastest rate

Polyurethane sealants are extensively used in construction and renovation activities as these sealants offers increased adhesion and abrasion resistance as compared to silicone sealants. These sealants further find its application in parking deck and sidewalk sealing and joining various parts in automotive industry.

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Based on Region, Asia-Pacific region is projected to hold the largest adhesive and sealants market share

APAC sealants and adhesives market is majorly driven by increasing disposable incomes of consumers, rising focus of companies on expanding their production facilities and growing domestic demand. Additionally, adhesive and sealant market in India is propelled by increasing demand for electric vehicles in the country and rapid increase in packaging consumption. North America adhesives and sealants market is driven by growing adoption of bio-based and hybrid adhesives, government regulations promoting the use of VOC-free content and growing packaging industry. Sealants market in United States is propelled by increasing demand for on-the-go packaged products and rising e-commerce activities in the country. Latin America adhesives and sealants market is driven by growing focus of companies on using adhesive bonding for composite materials and increasing demand from the automotive industry. Construction industry is booming in the GCC region due to surge in the global oil prices coupled with government spending on infrastructure projects, is boosting the market demand in GCC region. For instance, around USD 1 trillion worth infrastructure and real estate projects will be constructed across Saudi Arabia under vision 2030, which will include NEOM, Jeddah Economic City and AMAALA.

Top Market Players

Various notable players operating in the adhesives and sealants industry are 3M, Henkel AG & Co. KGaA, H.B. Fuller Company., Sika AG, Arkema, HUNTSMAN, Illinois Tool Works Inc., AVERY DENNISON CORPORATION, Dow, and Wacker Chemie AG, among others.

Key Developments:

• • In February 2022, Arkema Group, a leader in speciality materials acquired Ashland’s Performance Adhesion business, to strengthen its Adhesive Solutions segment.
  • In April 2021, Sika AG completed the acquisition of Yokohama Rubber co. Ltd.’s adhesion department Hamatite, to expand its sealants business in the Japanese market.
  • In Jan 2021, Huntsman Corporation, a Switzerland based adhesives manufacturing company acquired Gabriel Performance Products (Gabriel) from Audax Private Equity for USD 250 million. This acquisition enabled company to expand its speciality chemicals portfolio.
  • In February 2020, Henkel AG & Co. KGaA, a German chemical and consumer goods company announced that it has opened a new state-of-the-art production facility in India by investing more than 40 million. By opening this production facility company will be able to cater the demand for high performance adhesives, sealants and surface treatment products from various industries in the country.
  • In November 2020, H.B Fuller, a major producer of adhesives based in United States introduced Full-Care 5885 adhesives solutions to meet the increasing demand for natural based hygiene articles. These solutions offers high-performance cotton bonding at low cost and can be used in lower temperatures.

Segments Covered in the Report:

The global adhesives and sealants market has been segmented on the basis of technology, product, application, and regions. Based on technology, the market is segmented into water-based, solvent-based, hot-melt, reactive and others. Based on product, the market is segmented into acrylic, polyvinyl acetate, polyurethanes, styrenic block, epoxy, ethylene-vinyl acetate and others. Based on application, the market is segmented into packaging, construction, furniture, footwear, automotive and others. 

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Market Segmentation

Global Adhesives and Sealants Market by Technology

• • Water-Based
  • Solvent-Based
  • Hot-Melt
  • Reactive
  • Others

Global Adhesives and Sealants Market by Product

• • Acrylic
  • Polyvinyl Acetate
  • Polyurethanes
  • Styrenic Block
  • Epoxy
  • Ethylene-Vinyl Acetate
  • Others

Global Adhesives and Sealants Market by Application

• • Packaging
  • Construction
  • Furniture
  • Footwear
  • Automotive
  • Others

Global Adhesives and Sealants Market by Region

• • North America Adhesives and Sealants Market (Option 1: As a part of the free 25% customization)

    • By Technology
    • By Product
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Adhesives and Sealants Market (Option 2: As a part of the free 25% customization)

    • By Technology
    • By Product
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Adhesives and Sealants Market (Option 3: As a part of the free 25% customization)

    • By Technology
    • By Product
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Adhesives and Sealants Market (Option 4: As a part of the free 25% customization)

    • By Technology
    • By Product
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Adhesives and Sealants (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3M
  • Henkel AG & Co. KGaA
  • B. Fuller Company.
  • Sika AG
  • Arkema
  • HUNTSMAN
  • Illinois Tool Works Inc.
  • AVERY DENNISON CORPORATION
  • Dow
  • Wacker Chemie AG