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Adhesives and Sealants Market Size to Hit USD 100.41 Billion by 2030

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The global adhesives and sealants market size was valued at USD 61.60 billion in 2020, and is predicted to be worth around USD 100.41 billion by 2030, registering a CAGR of 7.0% during the forecast period 2022 to 2030.

Adhesives and Sealants Market Study by By Technology, By Product, By Application – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022– 2030.

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Growth Factors

Rising investments in construction and infrastructure are projected to play a key role in the expansion of the market. The positive outlook of infrastructure projects across Asia, the U.S., the Middle East, and Eastern Europe is likely to fuel the demand for adhesives and sealants over the coming years. With environmental regulations forcing industry participants to adopt eco-friendly products, water-based and non-solvent products are projected to gain greater prominence in the market in the near future.

Increasing infrastructure spending across the residential and commercial sectors worldwide is propelling the installation of different types of flooring such as resilient and wooden, which, in turn, is fueling the consumption of adhesives and sealants. The rising need for residential space on account of the increasing population as well as rising standard of living is leading toward the growth of the global industry.

By Technology Analysis

The reactive and others segment held the largest revenue share of over 46.0% in the global adhesives market. Reactive technology-based products offer several advantages and thus are the key factors behind the growth of the segment.

The hot melt segment is anticipated to grow at a lucrative pace from 2021 to 2030. Within the textiles and fabrics industry, the use of polyester hot melt adhesives started gaining prominence in the last decade. The wider use of the product was observed in cotton, wool, and fabrics sub-sectors over the last few years.

The use of hot melt adhesive products in the dashboard of automotive vehicles is increasingly becoming popular across the globe. These products find applications in the dashboard wherein they offer reduced vibrations, coupled with greater insulation from the sound.

By Product Analysis

The silicones segment accounted for the largest share of over 30.0% in 2020, in terms of volume, in the global sealants market. The segment is projected to grow on the account of rising construction activities and investments in infrastructure space.

Polyurethane adhesive products exhibit superior properties such as fast curing, good abrasion and chemical resistance, and excellent bond strength on various substrates such as metal, plastic, rubber, wood, and glass. These products are generally based on reactive technology and contain polymers, which have urethane linkages.

Epoxy-based products adhere to a wide variety of materials and their superior properties are dependent on the nature of cross-linking polymers. They provide high resistance to chemicals and environments and high-temperature resistance, along with high strength bonding on a variety of substrates.

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By Application Analysis

The paper and packaging segment was the largest segment in the adhesives industry and accounted for a revenue share of over 25.0% in 2020. Flexible packaging is projected to provide new avenues for market players over the coming years.

The building and construction segment is projected to provide numerous opportunities in the industry. This segment in the adhesives and sealants industry is witnessing rapid technological and architectural innovation.

Demand for products in the assembly of electrical and electronics components is projected to benefit the global market. China is among the leading countries for the production of various electrical and electronic components at the global level.

By Regional Analysis

Asia Pacific dominated the market and accounted for over 35.0% share of the global volume in 2020. The COVID-19 pandemic created a sizable impact on various industries such as textile and garments, construction, and automotive in 2020, wherein export trade was also largely impacted.

GCC is one of the key growth engines for the Middle East and Africa. Growing construction activities in the GCC region are likely to fuel the demand for adhesives and sealants over the forecast period. In the recent past, the housing sector in GCC countries did not perform well. This was mainly due to the decline in oil prices and economic slowdown.

Government initiatives for economic recovery are anticipated to fuel the infrastructural developments in Central and South America. The construction industry in countries such as Argentina, Colombia, and Peru is expected to witness growth over the forecast period.

Key Players

  • 3M Company
  • Ashland Inc.
  • Avery Denison Corporation
  • H B Fuller
  • Henkel AG
  • Sika AG
  • Pidilite Industries
  • Huntsman
  • Wacker Chemie AG
  • RPM International Inc.

Market Segmentation

  • By Adhesives Technology
    • Water Based
    • Solvent Based
    • Hot Melt
    • Reactive & Others
  • By Adhesives Product
    • Acrylic
    • PVA
    • Polyurethanes
    • Styrenic Block
    • Epoxy
    • EVA
    • Others
  • By Adhesives Application
    • Paper & Packaging
    • Consumer & DIY
    • Building & Construction
    • Furniture & Woodworking
    • Footwear & Leather
    • Automotive & Transportation
    • Medical
    • Others
  • Adhesives Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • GCC
  • Sealants Product
    • Silicones
    • Polyurethanes
    • Acrylic
    • Polyvinyl Acetate
    • Others
  • Sealants Application
    • Construction
    • Automotive
    • Packaging
    • Assembly
    • Consumers
    • Others
  • Sealants Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • GCC

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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