Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 61.97 Billion | USD 115.23 Billion | 6.4% | 2024 |
The global adhesives and sealants market size was worth USD 115.23 Billion by 2034 and is estimated to grow to USD 115.23 Billion by 2034, with a compound annual growth rate (CAGR) of approximately 6.4% between 2025 and 2034. 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.
Adhesives are chemicals that firmly and permanently join at least two surfaces. Sealants are substances that bond to at least two surfaces, filling the gap between them to produce a barrier or protective layer. Adhesives and sealants are complex materials extensively utilized in industrial sectors ranging from flexible packaging and textile to structural applications because of their great bonding strength. Adhesives and sealants are manufactured using comparable methods and chemicals and used in several applications. Sealants are semi-solid compounds that are primarily used to prevent fluid leaks. Filling gaps between substrates to seal components and joints creates a barrier or protective covering.
Adhesives and sealants are commonly used on metals, wood, glass, and plastics and come in various compositions such as organic, inorganic, acrylic-, polyurethane-, and silicone-based. Adhesives and sealants are utilized in various sectors, including electronics, aircraft, vehicles, food and beverage, and transportation. Sealants are more flexible than adhesives, but their strength is lower. As a result, they are employed to maintain substrates in place and fill gaps.
The growing need for lightweight, low-emission automobiles drives the global adhesive sealants market. The growing popularity of lightweight passenger vehicles with improved fuel efficiency and fewer emissions has increased sales of high-performance adhesives worldwide. These adhesives are used in a variety of interior and exterior car applications. Other important factors projected to drive the worldwide adhesive sealants market growth include adopting new manufacturing technologies and using novel materials for manufacturing adhesives and sealants.
COVID-19 has caused several issues in the building industry. The epidemic has badly impacted major economies throughout the world, including the United States, Germany, the United Kingdom, Italy, South Korea, Spain, and Japan. Social distancing measures, supply chain disruptions, and workforce dispersion have resulted in the halting of building activity in most nations due to supply chain disruptions and a lack of raw materials and personnel. Construction firms with huge debts and low cash reserves faced a financial crisis. With the coronavirus epidemic, however, the number of temporary hospitals and quarantine facilities surged.
Adhesives and sealants are in high demand in the building and construction industries.
The residential building is driven by rising population and urbanization in emerging nations such as China, India, Indonesia, Vietnam, Brazil, and Mexico. In these nations, there is a rising demand for permanent housing, boosting the global adhesives and sealants market. Adhesives and sealants are used in various building applications, including carpet, tiling, wallpaper, and external insulation systems. Curtain wall panels and insulating glass modules are also held with adhesives and sealants.
North American and European environmental legislation to restrict market expansion
Environmental rules govern the manufacture of chemical and petroleum-based goods in Europe and North America. The manufacture of solvent-based goods in these regions is governed by organizations such as the Epoxy Resin Committee (ERC) and the European Commission (EC). This has an impact on manufacturing capacity in Europe and North America. Environmental laws are driving manufacturers to work on manufacturing environmentally friendly adhesives.
The need for non-hazardous and environmentally friendly adhesives is increasing.
The United States Environmental Protection Agency (USEPA), Europe's Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), Leadership in Energy and Environmental Design (LEED), and other regional regulatory bodies have compelled adhesive and sealant manufacturers to develop eco-friendly products with no- or low-VOC levels. There is a growing need for environmentally friendly or green constructions, which allows for the development of green and sustainable adhesive solutions made from renewable, recycled, remanufactured, or biodegradable materials.
Rules are changing, and standards are shifting thereby posing challenges for market growth.
The adhesives and sealants sector are subject to periodic changes in standards and regulations. Due to the new laws, manufacturers must shoulder the increased burden of labeling & documentation and higher external testing expenses. Additional material warnings concentrating on biocides and waste packaging are issued regularly, causing regulatory requirements to shift. Producers must follow the norms and changing requirements to market their products, adhesives, and sealants. This presents a problem for producers.
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 & others category dominated the global adhesives & sealants market. Reactive technology-based goods provide various benefits and drive the segment's growth. These benefits include faster manufacturing speeds due to the reduced setting time, increased heat resistance, and good adhesive qualities to various substrates. The hot-melt category is expected to increase rapidly. Polyester hot melt adhesives have gained popularity in textiles and fabrics during the previous decade. Over the last few years, the product has seen increased application in the cotton, wool, and textiles sub-sector.
Based on sealant resin type, the market is segmented into silicone, polyurethane, plastisol, emulsion, polysulfide, and butyl. During the forecast period, polyurethane is expected to expand quickly in the sealants market. Polyurethane sealants are a popular technology for both new building and restoration projects. These sealants come in single-component and multi-component compositions. These sealants outperform silicone sealants in tenability, adhesion, and abrasion resistance. They are frequently used in automobile, parking deck & sidewalk sealing, construction, and marine industries.
Based on application, the market is segmented into automotive & transportation, consumer, building & construction, and others. The building & construction segment dominates the adhesives & sealants industry. Sealants also serve as adhesives in a variety of applications. Sealants, for example, bind the glass to the building framework in structural glazing on glass-walled buildings. Sealants, unlike adhesives, do not have strong tensile strength but have improved durability and reliability when subjected to high humidity, chemical assault, or electrical stress.
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Report Attributes | Report Details |
---|---|
Report Name | Adhesives & Sealants Market |
Market Size in 2024 | USD 61.97 Billion |
Market Forecast in 2034 | USD 115.23 Billion |
Growth Rate | CAGR of 6.4% |
Number of Pages | 287 |
Key Companies Covered | 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., and others. |
Segments Covered | By Adhesive Formulating Technology Sealant, By Sealant Resin Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific dominates the adhesive & sealants market in 2021
In 2021, Asia Pacific led the global adhesive and sealant market, accounting for the largest. In 2020, the COVID-19 pandemic significantly influenced several industries such as textiles & clothing, construction, automotive, and overseas commerce. According to government data, textile commerce between China and India fell 12.4 percent yearly in the first two months of 2020 compared to the previous year. Since the third quarter of 2020, the market has shown a solid recovery and gathered speed in 2021. The Asia Pacific region is expected to be the fastest expanding market due to the emerging countries' strong economic performance, which drives strong market demand, and population growth, which continues to provide new demand to the market. Due to the effect of online retail business patterns, developed regions such as Europe and North America are expected to witness significant expansion in their packaging sectors.
Government economic recovery activities are expected to promote infrastructure development in Central and South America. Argentina, Colombia, and Peru are likely to have developed in the construction industry throughout the projection period. This is expected to increase demand for adhesives and sealants across Central and South America. For example, Peru's economic growth may be ascribed primarily to a rise in building and associated commercial operations.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the adhesives & sealants market on a global and regional basis.
Some of the main competitors dominating the global adhesives and sealants market include-
By Adhesives Formulating Technology
By Sealants Resin Type
By Application
By Region
FrequentlyAsked Questions
Adhesives and sealants are materials used to bond surfaces together (adhesives) or to seal gaps and prevent leakage (sealants). Though similar in function and sometimes composition, they serve different roles in manufacturing, construction, automotive, packaging, and many other industries.
The global adhesives & sealants market is expected to grow due to rising adoption of lightweight and sustainable materials, increasing demand in construction and automotive industries, growing applications in packaging and electronics, and advancements in high-performance bonding technologies.
According to a study, the global adhesives & sealants market size was worth around USD 61.97 Billion in 2024 and is expected to reach USD 115.23 Billion by 2034.
The global adhesives & sealants market is expected to grow at a CAGR of 6.4% during the forecast period.
Asia-Pacific is expected to dominate the adhesives & sealants market over the forecast period.
Leading players in the global adhesives & 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., among others.
The report explores crucial aspects of the adhesives & sealants market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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