Adhesives and Sealants Market was valued at US$ 91.07 Bn. in 2021 and is expected to reach at US$ 129.8 Bn in 2029. Global Adhesives and Sealants Market size is expected to grow at a CAGR of 4.53 % through the forecast period.
Adhesives and Sealants Market Overview:
This study categorises the Adhesives and Sealants market in order to anticipate revenues and analyse trends in each of the sub-markets listed below.
The Competition Strategic Window investigates the competition landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their strengths and future growth possibilities.
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Adhesives and Sealants Market Scope:
The Adhesives and Sealants Industry research provides readers with a more in-depth insight of the market and competitive landscape, helping them to make better decisions on market growth and expansion. The study includes a participant summary, revenue figures, capital investment, and worldwide Adhesives and Sealants market growth rates.
Adhesives and Sealants Market Segmentation:
Technology-wise, the water-based adhesives segment is anticipated to lead the market in 2021, holding the largest market share of xx%. This is because major end-user industries like construction and packaging are starting to shift to water-based adhesive products instead of solvent-based adhesives, which are much more likely to emit volatile organic compounds (VOCs). When the water in the formulation evaporates, a bond is formed between two substrates by a water-based adhesive. Because it contains water instead of solvents—a factor related to the growing demand for industrial applications for packaging and bottling—the product is environmentally friendly. When applying water-based adhesives, a premixed solution in powder form is typically mixed with water. The resulting bond has excellent flexibility, low temperature bond strength, and low cost.
According to the Product, In terms of volume, the polyurethane segment is anticipated to grow at the fastest rate during the forecast period—XX%. Polyurethane sealants are a common technology utilized in both new construction and renovation projects. There are single and multi-component formulations of these sealants available. Compared to silicone sealants, these sealants offer superior tentability, adhesion, and abrasion resistance. They are frequently utilized in construction, automotive, parking deck and sidewalk sealing, and marine applications. In the global adhesives and sealants market, all of these factors contribute to the growth of polyurethane sealants.
With the largest market share in 2021, the packaging segment is leading the market in terms of application. High cohesive strength and weather resistance to water, rain, and other elements are provided by sealants. The product’s many uses in food delivery and packaging services should propel the sealant market’s expansion. Because sealants are widely used in the food industry, they offer resistance to UV light, low temperatures for freeze packing, and blocking for liquid products. These factors contribute to the market’s growth.
1. Adhesives and Sealants Market Size and Forecast, by Technology (2023-2030)
1.1. Water-based
1.2. Solvent-Based
1.3. Hot melt
1. Reactive
2. Adhesives and Sealants Market Size and Forecast, by Product (2023-2030)
2.1. Acrylic
2.2. PVA
2.3. Polyurethane
2. Styrenic Block
2.5. Epoxy
2.6. Others
3. Adhesives and Sealants Market Size and Forecast, by Application (2023-2030)
3.1. Pressure Sensitive
3.2. Packaging
3.3. Construction
3. Furniture
3.5. Others
Adhesives and Sealants Market Size and Forecast, by Region (2023-2030)
1. North America
2. Europe
3. Asia Pacific
Middle East and Africa
5. South America
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Adhesives and Sealants Market Key Players: The key players are
• 3M Co.
• Adhesive Technologies Corp.
• American Biltrite Inc.
• American Chemical Inc.
• Arkema Group
• Ashland Inc.
• Beardow & Adams Ltd
• Benson Polymers Ltd.
• DowDuPont
• Dymax
• Franklin International
• H.B. Fuller Co
• Henkel AG & Co. KGaA
• Huntsman Corp.
• ITW Performance Polymers
• Jowat AG
• LORD Corp.
• Mapei Spa
• Master Bond
• Ninghai Dingcheng Adhesive Co. Ltd.
• Permabond Engineering Adhesives Ltd.
• Pidilite Industries Ltd.
• Sika AG
• The Reynolds Co.
• Wacker Chemie AG
• Yokohama Industries
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Adhesives and Sealants Market Regional Analysis:
The Adhesives and Sealants market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Adhesives and Sealants market share and will continue to be a major shareholder in the global Adhesives and Sealants market.
COVID-19 Impact Analysis on Adhesives and Sealants Market: The COVID-19 impact on the Adhesives and Sealants market is also included in the report
Key Questions Answered in the Adhesives and Sealants Market Report are:
- What will be the CAGR of the Adhesives and Sealants market during the forecast period?
- Which segment emerged as the leading segment in the Adhesives and Sealants market?
- Which are the prominent players in the Adhesives and Sealants market?
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