Global Adhesives and Sealants Market by Adhesives (Ethylene Vinyl Acetate, Styrenic Block, Polyvinyl Acetate, Epoxy, Polyurethanes, Acrylic, and Others), Adhesive Technology (Hot Melt, Water-based, Solvent-based, Reactive, and Others), Sealants (Polyvinyl Acetate, Polyurethanes, Acrylic, Silicones, and Others), End-users (Automotive, Packaging, Automotive, Healthcare, Woodworking & Joinery, Electrical & Electronics, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

The global adhesives and sealants market is estimated to expand at considerable CAGR during the forecast period, between 2021 and 2028. The growth of the market is attributed to their increasing demand from the packaging industry used in packaging food & beverage and cosmetics. Rising population and need for quality products among consumers is driving the market.

Adhesives are substances are used to join two surfaces and then fill the gap between them to offer a protective coating. On the other hand, sealants help in joining two sides and fill the space between them to provide a protective coating.

Adhesives have strong shear and tensile strength, making them ideal for applications including holding and gluing. Sealants prevent substrate relative displacement and have a lower strength than adhesives, but are more flexible.

Market Trends, Drivers, Restraints, and Opportunities:

• Rising awareness about sustainable products and inclination toward purchasing of sustainable products is expected to boost the market growth during the forecast period.
• Growing number of construction projects in developing economies is estimated to fuel the market in the coming years.
• Ongoing adoption of bio-based products and eco-friendly adhesives over synthetic adhesives is expected to fuel the market.
• Strict rules & regulations imposed by regulatory bodies regarding the production of chemical and petro-based products are expected to hinder the market.
• Rising need for non-hazardous, green, and sustainable adhesives and sealants for the development of sustainable adhesive solutions is creating a lucrative opportunities in the market.

Scope of the Report:

The report on the global adhesives and sealants market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Adhesives and Sealants Market Segment Insights:

Acrylic segment is projected to hold a significant market share

Based on adhesives, the global adhesives and sealants market is segmented into EVA, styrenic block, PVA, epoxy, polyurethanes, acrylic, and others. The acrylic segment is projected to hold a significant share of the market during the forecast period. Acrylic-based materials are widely employed in the creation of heat-resistant, waterborne, and UV-curable adhesives. These adhesives have a quick set time, strong bonding properties, and high environmental resilience.

Rising awareness about its favorable physical qualities such as impact, good peel, and tensile lap shear strengths is propelling the acrylic segment. The automotive, consumer, and construction industries extensively use acrylic adhesives due to their benefit such as excellent adhesion displayed on substrates such as steel and aluminum.

Water-based technology segment to expand at a considerable CAGR

On the basis of adhesives technology, the market is segregated as hot melt, water-based, solvent-based, reactive, and others. The water-based technology segment is anticipated to expand at a considerable CAGR during the forecast period. Water is utilized as a carrier or diluting medium in this method, and it is allowed to set through evaporation or absorbed by the substrate.

Water based adhesive is environmentally benign, as it does not contain any volatile organic compounds (VOC). In the construction and automotive industries, water-based adhesives are preferred in porous and non-porous substrates. It offers water high bond strength, resistance and resistance to corrosion and water, and these factors are fueling the segment.

The reactive adhesives segment is projected to grow at a substantial rate in the coming years, as these adhesives produce a long-lasting bond in the face of extreme moisture and temperature fluctuation. This material is ideal for the usage in laptops, cell phones, blood glucose meters, and other devices, as it is not as pressure-sensitive as its equivalents. Thus, rising demand for high-tech devices is fueling the demand for reactive additives and propelling the segment.

Acrylic sealants segment to hold large market share

Based on sealant, the global market is divided into polyvinyl acetate, polyurethanes, acrylic, silicones, and others. The acrylic sealants segment is estimated to account for a large share of the market during the forecast period due to favorable physical qualities such as impact, good peel, and tensile lap shear strengths.

Automotive segment to grow at a rapid pace

On the basis of end-users, the market is segmented into automotive, packaging, healthcare, woodworking & joinery, electrical & electronics, and others. The automotive segment is projected to constitute a key share of the market during the forecast period. Spot welding has been reduced by about 50%, as a result of recent technology developments that reduce the overall weight of automobiles.

Sealants are widely used in industrial assembly as they provide processing flexibility and improve assembly endurance. Polyurethane and acrylics are extensively used sealants in industrial assemblies. Increasing demand for sealants in industrial assembly is expected to fuel the demand for agriculture and mining equipment. Thus, these factors are expected to propel the segment in the coming years.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the global adhesives and sealants market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the market during the forecast period, owing to the growing manufacturing industry and rising industrialization. Flexible packaging is extensively used by manufacturers, as it is lightweight and it allows the sale of items in varying quantities without a changing the packing costs, as opposed to metal or glass packaging. Moreover, expansion of the manufacturing industry is estimated to drive the demand for sealants in industrial machinery, automotive, and electrical & electronics industries, thus propelling the market in the region.

Segments

By Adhesives Products

• EVA
• Styrenic Block
• PVA
• Epoxy
• Polyurethanes
• Acrylic
• Others

By Adhesive Technology

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

By Sealant Products

• Polyvinyl Acetate
• Polyurethanes
• Acrylic
• Silicones
• Others

By End-users

• Automotive
• Packaging
• Automotive
• Healthcare
• Woodworking & Joinery
• Electrical & Electronics
• Others

By Regions

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East & Africa

By Key Players

• Sika AG
• Henkel AG & Co.
• 3M
• Merck KGaA
• Arkema Group (Bostik SA)
• H.B. Fuller Co

Competitive Landscape

Major players in the global adhesives and sealants market include Sika AG, Henkel AG & Co., 3M, Merck KGaA, Arkema Group (Bostik SA), and H.B. Fuller Co. These players are engaged in collaborations, mergers & acquisitions, agreements, and partnerships to strengthen their geographical presence. For example, Henkel has invested INR 400 crore in a new manufacturing facility near Pune, India, in September 2019, to meet the rising demand for high performance adhesives and sealants from India-based industries.