Adhesives and Sealants Market

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

  • Report ID: MC-2968
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 173
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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 and Sealants Market key takeaways

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.

Attributes

Details

Report Title

Adhesives and Sealants Markets - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

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)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

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

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.

Adhesives and Sealants Market by taxonomy


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.

Adhesives and Sealants Market by regions

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.

Adhesives and Sealants Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Adhesives and Sealants Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Adhesives and Sealants Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Adhesives and Sealants Market - Supply Chain
  4.5. Global Adhesives and Sealants Market Forecast
     4.5.1. Adhesives and Sealants Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Adhesives and Sealants Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Adhesives and Sealants Market Absolute $ Opportunity
5. Global Adhesives and Sealants Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Adhesives and Sealants Market Size and Volume Forecast by End Users
     5.3.1. Automotive
     5.3.2. Packaging
     5.3.3. Automotive
     5.3.4. Healthcare
     5.3.5. Woodworking & Joinery
     5.3.6. Electrical & Electronics
     5.3.7. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Adhesives and Sealants Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Adhesives and Sealants Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Adhesives and Sealants Demand Share Forecast, 2019-2026
7. North America Adhesives and Sealants Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Adhesives and Sealants Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Adhesives and Sealants Market Size and Volume Forecast by End Users
     7.4.1. Automotive
     7.4.2. Packaging
     7.4.3. Automotive
     7.4.4. Healthcare
     7.4.5. Woodworking & Joinery
     7.4.6. Electrical & Electronics
     7.4.7. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Adhesives and Sealants Demand Share Forecast, 2019-2026
8. Latin America Adhesives and Sealants Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Adhesives and Sealants Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Adhesives and Sealants Market Size and Volume Forecast by End Users
     8.4.1. Automotive
     8.4.2. Packaging
     8.4.3. Automotive
     8.4.4. Healthcare
     8.4.5. Woodworking & Joinery
     8.4.6. Electrical & Electronics
     8.4.7. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Adhesives and Sealants Demand Share Forecast, 2019-2026
9. Europe Adhesives and Sealants Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Adhesives and Sealants Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Adhesives and Sealants Market Size and Volume Forecast by End Users
     9.4.1. Automotive
     9.4.2. Packaging
     9.4.3. Automotive
     9.4.4. Healthcare
     9.4.5. Woodworking & Joinery
     9.4.6. Electrical & Electronics
     9.4.7. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Adhesives and Sealants Demand Share Forecast, 2019-2026
10. Asia Pacific Adhesives and Sealants Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Adhesives and Sealants Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Adhesives and Sealants Market Size and Volume Forecast by End Users
     10.4.1. Automotive
     10.4.2. Packaging
     10.4.3. Automotive
     10.4.4. Healthcare
     10.4.5. Woodworking & Joinery
     10.4.6. Electrical & Electronics
     10.4.7. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Adhesives and Sealants Demand Share Forecast, 2019-2026
11. Middle East & Africa Adhesives and Sealants Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Adhesives and Sealants Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Adhesives and Sealants Market Size and Volume Forecast by End Users
     11.4.1. Automotive
     11.4.2. Packaging
     11.4.3. Automotive
     11.4.4. Healthcare
     11.4.5. Woodworking & Joinery
     11.4.6. Electrical & Electronics
     11.4.7. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Adhesives and Sealants Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Adhesives and Sealants Market: Market Share Analysis
  12.2. Adhesives and Sealants Distributors and Customers
  12.3. Adhesives and Sealants Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Sika AG
     12.4.2. Henkel AG & Co.
     12.4.3. 3M
     12.4.4. Merck KGaA
     12.4.5. Arkema Group (Bostik SA)
     12.4.6. H.B. Fuller Co

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

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.

Adhesives and Sealants Market by key players

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