Adhesives and Sealants Market Size, Share & Analysis Report by Technology (Water-Based, Solvent-Based, Hot-Melt, Reactive and Others), By Product (Acrylic, Polyvinyl Acetate, Polyurethanes, Styrenic Block, Epoxy, Ethylene-Vinyl Acetate and Others), By Application (Packaging, Construction, Furniture, Footwear, Automotive and Others), and By Region – Global Opportunities & Forecast, 2020-2027
Published Date: May - 2021 | Report Format: Excel/PPT | Report Code: UP2001-001001
Introduction of the Adhesives and Sealants Market Report
Adhesives are used to adhere various materials to form a single material by coercing them together and defying their separation. Sealants are used to block the passage of solutions through fissures or joints of a material. They offer cost effective exceptional corrosion, enhanced fatigue, and impact resistance to the product. Additionally, exceptional elasticity, homogeneous dissemination, and durable nature are the important factors and trends that are expected to influence the market confidently.
To have an edge over the competition by knowing the market dynamics and current trends of “Adhesives and Sealants Market”, request for Sample Report here
Market Dynamic
Key Drivers and Emerging Trends
Rise in the demand for adhesives and sealants from the construction and building industry is on the major factor which is anticipated to drive the growth of the global adhesives and sealants market. The growing population and urbanization across the developing countries has led to the increase in demand for living spaces and permanent houses that has boosted the construction and building sector. For instance, according to The World Bank Group, China’s population has increased from 2015-2020, by 100 million which reflects the need for living space and population. In building and construction industry, it finds its application in carpet laying, ceramic tiles, concrete, drywall lamination etc. Furthermore, increasing penetration rate of lightweight passenger cars with lower emissions and higher fuel economy has significantly driven the sales of the high-performance adhesives in automotive industry across the globe. For example, these adhesives have the capability to reduce the weight by substituting bolts and nuts and thereby increase the fuel economy of the vehicles. As a result, traditional methods of using bolts and welding are expected to be replaced by the enhanced adhesives with superior bonding capabilities, which is anticipated to drive the global adhesives and sealants industry.
Additionally, craftsmen and contractors are constantly involved in the experimenting with the new developed products and is pushing the key players in the adhesives and sealants industry to perform trails for novel product development. For instance, in 2019, Creative Materials inc. has recently launched a new adhesive that offers high effectiveness, thus the demand for the adhesives and sealants is anticipated to raise over the period.
Restraint in the Adhesives and Sealants Market
However, the stringent rules and regulations by the Resin Committee (ERC) and the European Commission (EC) the market is expected to restrict market growth.
Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report
Technology – Segment Analysis
Based on the technology, water-based technology is expected to dominate the global adhesives and sealants market over the forecast period. They have the ability to reduce VOC emissions, which is the major factor behind the adoption of the water-based technology. In this technology, water is used as a diluting medium and is allowed to set by evaporation or is absorbed by the surface. For instance, 3M is involved in providing polyurethane adhesive sealant 540 which is used for multipurpose bonding.
Product – Segment Analysis
Based on the product acrylic segment is expected to grow at a higher CAGR in the global adhesives and sealants market over the forecast period. Acrylic-based materials are substantially being used in the production of heat resistant, waterborne and UV light curing adhesives. Moreover, they have robust bonding characteristics, fast setting time and offer good environmental resistance.
In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here
Regional – Segment Analysis:
Based on the region, Asia-Pacific is expected to grow at a higher CAGR in the global adhesives and sealants market over the forecast period. Rapid industrialization and strong GDP are estimated to propel the regional growth. China, India and Japan are primarily responsible for the growth of the adhesives and sealants market in the region. For instance, according to IBEF, investments in the Indian infrastructure is expected to increase to by US$ 778.90 billion by the end of 2022 which will create a high demand for the adhesive and sealants in India. Furthermore according to Arkema, more than 34% of the adhesives and sealants goes into construction and China’s construction sector ranked under top five across the globe, which has driven the regional share of the adhesives and sealants market.
Top Market Players
Various notable players operating in the market, include, 3M, Henkel AG & Co. KGaA, H.B. Fuller Company., Sika AG, Arkema, HUNTSMAN, Illinois Tool Works Inc., AVERY DENNISON CORPORATION, Dow, Wacker Chemie AG, among others.
Key Developments:
-
- In 2020, Henkel AG & Co. KGaA officially announced the launch of its new production facility in India. This expansion helped the company in serving the growing demand for the Indian industries for high-performance solutions in adhesives, sealants and surface treatment products.
- In 2020, H.B. Fuller Company, officially announced the launch of Full-Care 5885 to meet industry’s growing demand for natural-based hygiene articles.
Segments covered in the Report:
The global adhesives and sealants market has been segmented on the basis of technology, product, application, and regions. Based on technology, the market is segmented into water-based, solvent-based, hot-melt, reactive and others. Based on product, the market is segmented into acrylic, polyvinyl acetate, polyurethanes, styrenic block, epoxy, ethylene-vinyl acetate and others. Based on application, the market is segmented into packaging, construction, furniture, footwear, automotive and others.
For detailed scope of the “Adhesives and Sealants Market” report request a Sample Copy of the report
Key questions answered in this research report:
-
- At what pace is global adhesives and sealants market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in adhesives and sealants market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global adhesives and sealants market?
- Which technology generated maximum revenues in 2019 and identify the most promising technology during the forecast period?
- What are the various product areas of global adhesives and sealants market and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
Report Coverage |
Details |
Market Base Year |
2019 |
Market Forecast Period |
2020-2027 |
Market Revenues Currency |
USD Million |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Technology, By Product, By Application, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | 3M, Henkel AG & Co. KGaA, H.B. Fuller Company., Sika AG, Arkema, HUNTSMAN, Illinois Tool Works Inc., AVERY DENNISON CORPORATION, Dow, Wacker Chemie AG, among others; a total of 10 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Adhesives and Sealants Market by Technology
-
- Water-Based
- Solvent-Based
- Hot-Melt
- Reactive
- Others
Global Adhesives and Sealants Market by Product
-
- Acrylic
- Polyvinyl Acetate
- Polyurethanes
- Styrenic Block
- Epoxy
- Ethylene-Vinyl Acetate
- Others
Global Adhesives and Sealants Market by Application
-
- Packaging
- Construction
- Furniture
- Footwear
- Automotive
- Others
Global Adhesives and Sealants Market by Region
-
- North America Adhesives and Sealants Market (Option 1: As a part of the free 25% customization)
- North America Market by Technology
- North America Market by Product
- North America Market by Application
- US Market All-Up
- Canada Market All-Up
- Europe Adhesives and Sealants Market (Option 2: As a part of the free 25% customization)
- Europe Market by Technology
- Europe Market by Product
- Europe Market by Application
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
- Asia-Pacific Adhesives and Sealants Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific Market by Technology
- Asia-Pacific Market by Product
- Asia-Pacific Market by Application
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
- RoW Adhesives and Sealants Market (Option 4: As a part of the free 25% customization)
- RoW Market by Technology
- RoW Market by Product
- RoW Market by Application
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
- North America Adhesives and Sealants Market (Option 1: As a part of the free 25% customization)
Major Players Operating in the Adhesives and Sealants (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
-
- 3M
- Henkel AG & Co. KGaA
- B. Fuller Company.
- Sika AG
- Arkema
- HUNTSMAN
- Illinois Tool Works Inc.
- AVERY DENNISON CORPORATION
- Dow
- Wacker Chemie AG
Licensing Options
Single-User License:
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
Adhesives and Sealants Market Size, Share & Analysis Report by Technology (Water-Based, Solvent-Based, Hot-Melt, Reactive and Others), By Product (Acrylic, Polyvinyl Acetate, Polyurethanes, Styrenic Block, Epoxy, Ethylene-Vinyl Acetate and Others), By Application (Packaging, Construction, Furniture, Footwear, Automotive and Others), and By Region – Global Opportunities & Forecast, 2020-2027
$ 4,499.00 – $ 6,649.00