The adhesives & sealants market size is projected to grow at a CAGR 3.74% rate during the forecast period. The increasing use of adhesives & sealants in various applications, such as paper & packaging, building & construction, woodworking, consumer/DIY, automotive & transportation, leather & footwear, assembly, and others is driving the growth of the market.
The reactive & others formulating technology segment accounts for the fastest growth of the adhesives market. The unique characteristics of the reactive adhesives and the advanced technology required to handle and dispense them make them popular among manufacturers and end users. Reactive adhesives can be modified for creating various unique properties, such as multiple degrees of conductivity, thereby offering exceptional thermal or electrical resistance, differing cure profiles, and unique optical properties.
The automotive & transportation segment is expected to grow at the highest CAGR, in terms of value, during the forecast period, owing to an increase in the demand for lightweight, efficient, and eco-friendly cars.
Polyurethane segment is expected to grow at the highest CAGR during the forecast period. Polyurethane sealants provide better tintability, adhesion, and abrasion resistance than silicone sealants. They are commonly used in automotive, parking deck & sidewalk sealing, construction, and marine applications.
APAC region is expected to grow at the highest CAGR during the forecast period. The rising demand for adhesives & sealants from building & construction, automotive & transportation, and leather & footwear applications from India, China, South Korea, Malaysia, Vietnam, Taiwan, Indonesia, among other countries in the region, is projected to drive the growth of the adhesives & sealants market in the region. China is expected to lead the demand for adhesives & sealants in the APAC region during the forecast period.
key market players include Henkel (Germany), H. B. Fuller (US), Sika (Switzerland), Arkema (France), Huntsman Corporation (US), 3M Company (US), Illinois Tool Works Inc. (US), Avery Dennison Corporation (US), DowDuPont Inc. (US), and Wacher Chemie Ag (Germany).
Key questions addressed by the report
- What are the major developments impacting the market?
- What are the upcoming technologies in the market?
- What will be the major factors impacting market growth during the forecast period?
- What are the driving factors, opportunities, restraints, and challenges that affect the growth of the market?
- What will be the emerging applications of the market?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Adhesives Market, By Application
Building and construction
Automotive and Transportation
Leather and footwear
Paper and packaging
Consumer and DIY
6. Sealants Market, By Application
Automotive and Transportation
Building and Construction
7. Adhesives Market, By Formulating Technology
Solvent based adhesives
Water based adhesives
Hot-melt based adhesives
Reactive and other adhesives
8. Sealants Market, By Resin Type
9. Adhesives and Sealants Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
10. Company Profiles
Illinois Tool Works Inc.
Henkel AG & Company
Avery Dennison Corporation
Royal Adhesives & Sealants, LLC