The global Adhesives & Sealants market accounted for a market revenue of USD 61 billion in the year 2019 and is projected to further grow at a CAGR of more than 4% over the foreseeable future. Increasing penetration of lightweight cars that save fuel and reduce emissions have powered the world's high-performance adhesive sales. These adhesives are used for various automotive uses, both indoors and outdoors. Of example, the replacement of nuts and bolts will reduce weight and therefore improve vehicles fuel efficiency. It is expected to replace conventional welding equipment and other methods of mechanical attachment by improved adhesives with superior attachment capacities.
The adhesives and dressing materials are used mainly in the tiling industry. Thus, fast-paced building growth is expected to generate growth opportunities in the near future, in particular in emerging economies such as India and China.
It’s being expected that by 2030, the Adhesives & Sealants market cap will hit USD 33.3 billion at a CAGR growth of about 8 %.
.jpg "The Global Adhesives And Sealants Market 2020-2030 (USD Billion)")
The industry is expected to be motivated to incorporate bio-based adhesives in the strict regulations imposed by environmental monitoring authorities concerning the use of high-volatile organic compounds (VOC). Therefore, manufacturers pursue various strategic strategies, such as intensive research and development programs to produce sustainable products.
Adhesives & Sealants Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 33.3 billion |
| Growth Rate | CAGR of 8 % during 2020-2030 |
| Segment Covered | Adhesive Type, Sealant Type, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Illinois Tool Works Inc., RPM International Inc., KGaA, Sika AG, The 3M Company, Dow Inc., H.B. Fuller Company, Henkel AG and Co., Ashland, Avery Dennison Corporation, Huntsman International LLC, KCC Corporation, Bostik SA, and others. |
Key Segment Of The Adhesives & Sealants Market
Adhesive Type (USD Billion)
• Acrylic
• Epoxy
• Poly Vinyl Acetate (PVA)
• Polyurethane (PU)
• Styrenic Block
• Ethyl Vinyl Acetate (EVA)
• UV Adhesive
• Silicone
• Others (including Cyanoacrylate and Hot-melt)
Sealant Type,(USD Billion)
• Acrylic
• Epoxy
• Poly Vinyl Acetate (PVA)
• Polyurethane (PU)
• Modified Silane Polymer (MS)
• Silicone
• Others (including Cyanoacrylate and Hot-melt)
Application, (USD Billion)
• Electronics & Electrical
• Appliance Manufacturing
• Aerospace Manufacturing
• Battery Production
• Automotive Assembling
• Others (including Conformal Coatings and Wire Tracking)
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
adhesives & sealants market was valued at USD 33.3 billion in 2030.
Asia Pacific dominated the market for adhesives & sealants market and accounted for the largest revenue share.
The major contenders in the global adhesives & sealants market Illinois Tool Works Inc., RPM International Inc., KGaA, Sika AG, The 3M Company, Dow Inc., H.B. Fuller Company, Henkel AG and Co., Ashland, Avery Dennison Corporation, Huntsman International LLC, KCC Corporation, Bostik SA, and others.
Crude oil and petrochemicals are the main raw materials used in the production of adhesives. In recent years, high prices of such products have impacted the competitiveness of the participants and is likely to have a direct effect in the near future on the development of the demand for adhesives and seals. The adhesive market was dominated by water based technology. They are projected to reduce VOC emissions and increase understanding of the environment and to promote segment development in the coming years through stringent regulations.
Technology Segment
The global market is segmented into Water-Based, Solvent-Based, Hot Melt, Reactive & Others. The adhesives market, with over 40% of the revenue in 2019, was dominated by water-based technology. Water is used for the purpose of this technology as a medium for carrying or diluting and may be evaporated or absorbed into the liquid. Therefore, they will reduce emissions of VOC and encourage the growth of a segment in the coming years with increased environmental awareness and strict regulations.
Application Segment
On the Applications, the market is bifurcated into Pressure Sensitive Applications, Construction, Furniture, Automotive, textile industry, others. Automotive dominated the global Adhesives & Sealants application market and is anticipated to show similar trend over the forecast period. Asia Pacific will be the major destination for the increasing sales of Adhesives & Sealants in the furniture industry because majority of the world furniture products are produced in this region such.
.png "Asia Pacific Adhesives & Sealants Market, 2018-2025 (USD Billion)")
In terms of region the global Adhesives & Sealants market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East and Africa. Asia Pacific accounted for a major market share more than 38% as of 2019 and is projected to show similar trend over the forecast period. India and China are the key countries responsible for the growth of Adhesives & Sealants in this region. Europe is also projected to show optimistic growth over the forecast period. However, continuous R&D in this region is producing new application of Adhesives & Sealants.
Global leaders in this market include 3M Company, Ashland Inc., Avery Dennison Corporation, BASF, Beardow & Adams (Adhesives) Ltd, Bostik SA, Dow Chemical Company, Eastman Chemical Company, Ellsworth Adhesives, H.B Fuller Company, Henkel AG & Co., Momentive Specialty Chemical Inc