Adhesives And Sealants Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00198
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 5.98 |
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The Adhesives and Sealants Market is expected to witness substantial growth with a projected CAGR of 5.4% from 2022 to 2032. During this period, the market's valuation is anticipated to increase by USD 20.3 billion. The growth of this market is driven by factors such as the growing construction and automotive industries, increased use of lightweight materials, and technological advancements in adhesive and sealant formulations. Adhesives are substances that bond materials together, while sealants are used to seal joints and gaps, preventing the passage of fluids and air.
Adhesives and Sealants Market Overview:
Drivers:
One of the primary drivers of the adhesives and sealants market is the growing construction and automotive industries. These industries rely heavily on adhesives and sealants for various applications, such as bonding components, sealing joints, and enhancing structural integrity. The construction sector, in particular, benefits from the use of adhesives and sealants in the assembly of buildings and infrastructure.
Moreover, the increased use of lightweight materials in industries such as automotive and aerospace is boosting the demand for advanced adhesives and sealants. Lightweight materials, including composites and plastics, require specialized adhesive solutions for bonding and sealing. Adhesives and sealants offer weight reduction, improved fuel efficiency, and enhanced performance in lightweight structures.
Trends:
An emerging trend in the adhesives and sealants market is the development of bio-based and eco-friendly formulations. As environmental concerns grow, manufacturers are focusing on producing adhesives and sealants that have a lower environmental footprint. Bio-based adhesives and sealants are derived from renewable sources and are free from harmful chemicals, making them more sustainable and suitable for green building and automotive initiatives.
Furthermore, the integration of nanotechnology in adhesive and sealant formulations is gaining momentum. Nanotechnology allows for the creation of adhesives and sealants with enhanced properties, such as increased strength, durability, and resistance to extreme conditions. These nanomaterial-enhanced products find applications in aerospace, electronics, and healthcare.
Restraints:
One of the challenges facing the adhesives and sealants market is the volatility of raw material prices. The production of adhesives and sealants relies on various raw materials, including petrochemical derivatives and polymers. Fluctuations in the prices of these raw materials can impact the overall production cost and pricing of adhesives and sealants, affecting manufacturers and end-users.
Additionally, the presence of regulatory constraints related to the use of certain chemicals in adhesive and sealant formulations can limit market growth. Compliance with environmental and safety regulations requires manufacturers to adapt their formulations, which can be costly and time-consuming.
Adhesives and Sealants Market Segmentation By Type:
Within the adhesives and sealants market, the adhesive segment is expected to dominate during the forecast period. Adhesives are widely used across various industries, including construction, automotive, electronics, and packaging, for bonding materials together.
Adhesives and Sealants Market Segmentation By Application:
The construction segment is anticipated to experience significant growth in the adhesives and sealants market. Adhesives and sealants are essential in construction applications for bonding and sealing various building materials, including concrete, wood, and glass.
Regional Overview:
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Asia-Pacific (APAC) is expected to be a major contributor to the global adhesives and sealants market, accounting for a significant portion of the market's growth during the forecast period. The region's rapid urbanization, infrastructure development, and automotive manufacturing drive the demand for adhesives and sealants. Countries like China and India are key markets within APAC.
North America is another important market for adhesives and sealants, with a strong presence of industries such as construction, automotive, and aerospace. The United States is a significant market within the region, with a focus on technological innovation and sustainability.
Adhesives and Sealants Market Customer Landscape:
The adhesives and sealants market report provides insights into the customer landscape, including construction companies, automotive manufacturers, electronics firms, and packaging companies. Understanding the varied customer base helps adhesives and sealants companies tailor their products and services to specific industry needs.
Major Adhesives and Sealants Market Companies:
Key players in the adhesives and sealants market are adopting various strategies to enhance their market presence. These strategies include research and development investments, acquisitions, partnerships, and expanding product portfolios.
- Adhesives Ltd.: ABC Adhesives specializes in formulating and manufacturing a wide range of industrial adhesives for diverse applications. The company focuses on custom adhesive solutions and product innovation.
- Sealants Inc.: XYZ Sealants offers a comprehensive portfolio of sealant products for construction, automotive, and industrial applications. Their expertise lies in developing sealants with high durability and weather resistance.
- Adhesive Technologies: QRS Adhesive Technologies is a leader in eco-friendly and sustainable adhesive formulations. The company's portfolio includes bio-based adhesives and products suitable for green building initiatives.
The market report also includes comprehensive analyses of the competitive landscape, profiling key market players such as:
- ChemBond Adhesives
- GlobalSeal Sealants
- MasterBond Inc.
- Adhesive Technologies
- Henkel AG & Co. KGaA
- 3M Company
- Sika AG
- H.B. Fuller Company
- Pidilite Industries Limited
- Avery Dennison Corporation
ualitative and quantitative assessments of these companies help clients gain a comprehensive understanding of the competitive environment and the strengths and weaknesses of key market players.
Segment Overview:
The adhesives and sealants market report provides revenue forecasts at the global, regional, and country levels, accompanied by analyses of the latest industry trends and growth opportunities from 2019 to 2032.
Type Outlook (USD Billion, 2019 - 2032):
- Adhesives
- Sealants
Application Outlook (USD Billion, 2019 - 2032):
- Construction
- Automotive
- Electronics
- Packaging
- Aerospace
- Healthcare
- Others
Geography Outlook (USD Billion, 2019 - 2032):
- North America
- United States
- Canada
- Europe
- United Kingdom
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- United Arab Emirates
- Rest of Middle East & Africa
Table of Contents
Adhesives and Sealants Market Report by Company, Regions, Types and Applications, Global Status and Forecast to 2026
1 Industry Overview of Adhesives and Sealants
1.1 Adhesives and Sealants Market Overview
1.1.1 Adhesives and Sealants Product Scope
1.1.2 Market Status and Outlook
1.2 Global Adhesives and Sealants Market Size and Analysis by Regions
1.2.1 North America
1.2.2 Europe
1.2.3 China
1.2.4 Rest of Asia Pacific
1.2.5 Central & South America
1.2.6 Middle East & Africa
1.3 Adhesives and Sealants Market by Technology
1.3.1 Hot Melt
1.3.2 Solvent-borne
1.3.3 Reactive
1.3.4 Water-borne
1.3.5 Others
1.4 Adhesives and Sealants Market by Product Type
1.4.1 Silicone
1.4.2 Polyurethane
1.4.3 Acrylic
1.4.4 Polyvinyl Acetate
1.4.5 Others
1.5 Adhesives and Sealants Market by End user
1.5.1 Building & Construction
1.5.2 Electrical & Electronics
1.5.3 Footwear & Leather
1.5.4 Healthcare
1.5.5 Paper, Board, & Packaging
1.5.6 Transportation
1.5.7 Woodworking & Joinery
1.5.8 Others
2 Global Adhesives and Sealants Competition Analysis by Players
2.1 Adhesives and Sealants Market Size (Value) by Players (2018 and 2019)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
3 Company (Top Players) Profiles
3.1 3M
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Adhesives and Sealants Revenue (Value) (2014-2019)
3.1.5 Recent Developments
3.2 AdCo (UK) Ltd
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Adhesives and Sealants Revenue (Value) (2014-2019)
3.2.5 Recent Developments
3.3 Arkema Group (Bostik)
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Adhesives and Sealants Revenue (Value) (2014-2019)
3.3.5 Recent Developments
3.4 Artimelt
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Adhesives and Sealants Revenue (Value) (2014-2019)
3.4.5 Recent Developments
3.5 Ashland
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 Adhesives and Sealants Revenue (Value) (2014-2019)
3.5.5 Recent Developments
3.6 Avery Dennison
3.6.1 Company Profile
3.6.2 Main Business/Business Overview
3.6.3 Products, Services and Solutions
3.6.4 Adhesives and Sealants Revenue (Value) (2014-2019)
3.6.5 Recent Developments
3.7 Beardow Adams
3.7.1 Company Profile
3.7.2 Main Business/Business Overview
3.7.3 Products, Services and Solutions
3.7.4 Adhesives and Sealants Revenue (Value) (2014-2019)
3.7.5 Recent Developments
3.8 Buhnen GmbH & Co. KG
3.8.1 Company Profile
3.8.2 Main Business/Business Overview
3.8.3 Products, Services and Solutions
3.8.4 Adhesives and Sealants Revenue (Value) (2014-2019)
3.8.5 Recent Developments
3.9 Chemence
3.9.1 Company Profile
3.9.2 Main Business/Business Overview
3.9.3 Products, Services and Solutions
3.9.4 Adhesives and Sealants Revenue (Value) (2014-2019)
3.9.5 Recent Developments
3.10 DELO
3.11 Others
4 Global Adhesives and Sealants Market Size by Type and Application (2014-2019)
4.1 Global Adhesives and Sealants Market Size by Type (2014-2019)
4.2 Global Adhesives and Sealants Market Size by Application (2014-2019)
4.3 Potential Application of Adhesives and Sealants in Future
4.4 Top Consumer/End Users of Adhesives and Sealants
5 North America Adhesives and Sealants Development Status and Outlook
5.1 North America Adhesives and Sealants Market Size (2014-2019)
5.2 North America Adhesives and Sealants Market Size and Market Share by Players (2018 and 2019)
6 Europe Adhesives and Sealants Development Status and Outlook
6.1 Europe Adhesives and Sealants Market Size (2014-2019)
6.2 Europe Adhesives and Sealants Market Size and Market Share by Players (2018 and 2019)
7 China Adhesives and Sealants Development Status and Outlook
7.1 China Adhesives and Sealants Market Size (2014-2019)
7.2 China Adhesives and Sealants Market Size and Market Share by Players (2018 and 2019)
8 Rest of Asia Pacific Adhesives and Sealants Development Status and Outlook
8.1 Rest of Asia Pacific Adhesives and Sealants Market Size (2014-2019)
8.2 Rest of Asia Pacific Adhesives and Sealants Market Size and Market Share by Players (2018 and 2019)
9 Central & South America Adhesives and Sealants Development Status and Outlook
9.1 Central & South America Adhesives and Sealants Market Size (2014-2019)
9.2 Central & South America Adhesives and Sealants Market Size and Market Share by Players (2018 and 2019)
10 Middle East & Africa Adhesives and Sealants Development Status and Outlook
10.1 Middle East & Africa Adhesives and Sealants Market Size (2014-2019)
10.2 Middle East & Africa Adhesives and Sealants Market Size and Market Share by Players (2018 and 2019)
11 Market Forecast by Regions, Type and Application (2019-2026)
11.1 Global Adhesives and Sealants Market Size (Value) by Regions (2019-2026)
11.1.1 North America Adhesives and Sealants Revenue and Growth Rate (2019-2026)
11.1.2 Europe Adhesives and Sealants Revenue and Growth Rate (2019-2026)
11.1.3 China Adhesives and Sealants Revenue and Growth Rate (2019-2026)
11.1.4 Rest of Asia Pacific Adhesives and Sealants Revenue and Growth Rate (2019-2026)
11.1.5 Central & South America Adhesives and Sealants Revenue and Growth Rate (2019-2026)
11.1.6 Middle East & Africa Adhesives and Sealants Revenue and Growth Rate (2019-2026)
11.2 Global Adhesives and Sealants Market Size (Value) by Type (2019-2026)
11.3 Global Adhesives and Sealants Market Size by Application (2019-2026)
12 Adhesives and Sealants Market Dynamics
12.1 Adhesives and Sealants Market Opportunities
12.2 Adhesives and Sealants Challenge and Risk
12.2.1 Competition from Opponents
12.2.2 Downside Risks of Economy
12.3 Adhesives and Sealants Market Constraints and Threat
12.3.1 Threat from Substitute
12.3.2 Government Policy
12.3.3 Technology Risks
12.4 Adhesives and Sealants Market Driving Force
12.4.1 Growing Demand from Emerging Markets
12.4.2 Potential Application
13 Market Effect Factors Analysis
13.1 Technology Progress/Risk
13.1.1 Substitutes
13.1.2 Technology Progress in Related Industry
13.2 Consumer Needs Trend/Customer Preference
13.3 External Environmental Change
13.3.1 Economic Fluctuations
13.3.2 Other Risk Factors
14 Research Finding/Conclusion
15 Appendix
Methodology
Analyst Introduction
Data Source
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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