Global Adhesives and Sealants Market is Likely to Grow at a CAGR Value of 4.80% By 2028

19-Aug-2022 | Zion Market Research

The global adhesives and sealants market size was worth USD 52.10 billion in 2021 and is estimated to grow to USD 69.0248 billion by 2028, with a compound annual growth rate (CAGR) of approximately 4.80 percent over the forecast period. The report analyzes the adhesives and sealants market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the adhesives and sealants market.

A sealant is a semisolid compound used to prevent liquid leakage, whereas an adhesive is a synthetic mix that connects two surfaces to form a single unit. Adhesives and sealants are made from comparable synthetic components & developments and are used in similar applications. Although they are a distinct industry, their presence is evident across end applications. Administrative bodies each have unique characteristics and testing procedures. Adhesives have high shear and stiffness, making them ideal for holding and related applications. Sealants, however, plug gaps and prevent the general growth of substrates. They are often weaker than adhesives but have greater versatility. The sealant's principal function is to ensure that no extraneous particles get between the two surfaces held together by adhesives. Adhesives are widely used in producing items such as camera lenses, PCBs, connectors, and many more. Hot melt adhesive is the most often used glue, which has superior rework ability and reliability. The most prevalent sealants are silicones and urethanes.

The global adhesives and sealants market is primarily driven by the increased usage of adhesives and sealants in electronic products, batteries, and machinery. Furthermore, as seen by their use in electric vehicles, adhesives and sealants are gaining popularity across the world. Adhesives and sealants are employed throughout an airplane's interior, exterior, and engine compartments. Aviation adhesives include acrylics, epoxies, and cyanoacrylates. Due to their advantages over other adhesives, they are used in airplane interiors, exteriors, and engine compartments. Adhesives transport heavier weight stacks and help to ensure that anxiety is distributed evenly across joints.

The global adhesives and sealants market is segregated based on adhesive formulating technology, sealant resin type, application, and region. Based on adhesive formulating technology, the market is segmented into water-based, solvent-based, hot-melt, and reactive. The reactive segment dominated the market in 2021. Based on sealant resin type, the market is segmented into silicone, polyurethane, plastisol, emulsion, polysulfide, and butyl. Polyurethane segment dominated the market in 2021. Based on application, the market is segmented into automotive & transportation, consumer, building & construction, and others. Building & construction dominated the market in 2021.

The global adhesives & sealants market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Due to expanding domestic demand, rising income levels, and easy access to resources, Asia Pacific has emerged as one of the top manufacturers and consumers of adhesives and sealants. This region's automotive and transportation industries are significant users of adhesives and sealants. The Asia Pacific region's economic growth, particularly in emerging markets such as India, Taiwan, Indonesia, Malaysia, Thailand, and Vietnam, is driving an increase in the number of infrastructure projects, which is expected to drive demand for adhesives and sealants in building and construction applications.

Key players in the global adhesives and sealants market include Arkema S.A., The 3M Company, BASF SE, Evonik Industries AG, Scott Bader Co., H.B. Fuller, Henkel AG & Co. KGAA, Lord Corporation, Sika AG, and Uniseal, Inc.

Recent Development:

  • November 2020: To fulfill the ever-increasing industrial need for natural-based hygiene solutions, H.B. Fuller has created Full-Care 5885. This glue delivers exceptional performance by combining high-performance 100% cotton bonding with a low usage cost.

Browse the full Adhesives & Sealants Market By Adhesive Formulating Technology Sealant (Water-Based, Solvent-Based, Hot-Melt, and Reactive), By Sealant Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide, and Butyl), By Application (Building & Construction, Automotive & Transportation, Consumer, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028. Report at https://www.zionmarketresearch.com/report/adhesives-sealants-market

Global Adhesives & Sealants Market is segmented as follows:

By Adhesives Formulating Technology

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

By Sealants Resin Type

  • Silicone
  • Polyurethane
  • Plastisol
  • Emulsion
  • Polysulfide
  • Butyl

By Application

  • Automotive & Transportation
  • Consumer
  • Building & Construction
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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