The global adhesives and sealants market was valued at $51.9 billion in 2020 and is expected to reach $80.5 billion by 2030, growing at a CAGR of 4.9% from 2020 to 2030. The growth of the market is attributed to the increasing demand for adhesives and sealants in various applications such as packaging, construction, automotive, and electronics. The global adhesives and sealants market is a large and growing industry that includes a wide range of products used in many different applications. Adhesives are substances that are used to bond two surfaces together, while sealants are materials that are used to fill gaps or joints to prevent the passage of air or liquids.

Browse 216 market data Tables and 94 Figures spread through 317 Pages and in-depth TOC on "Adhesives and Sealants Market Size, Share & Trends Estimation Report By Outlook, By Region, And Segment Forecasts, 2022 - 2030" View detailed Table of Content here-https://www.contrivedatuminsights.com/product-report/adhesive-and-sealants-market-248607/

The growing demand for adhesives and sealants in industries such as packaging, construction, automotive, and electronics is driving the growth of the market. Adhesives and sealants are widely used in these industries for bonding, sealing, and coating applications. Ongoing advancements in adhesive and sealant technologies, such as the development of high-performance adhesives, eco-friendly and low-VOC products, and improved adhesion properties, are driving the growth of the market.

Market Dynamics

The industry is subject to increasingly stringent environmental regulations that require companies to reformulate products to reduce emissions and toxicity, and to minimize waste. Adhesives and sealants rely on a variety of raw materials, including petroleum-based chemicals, which are subject to price volatility and supply chain disruptions.

The prices of raw materials used to make adhesives and sealants can be highly volatile, which can impact profit margins and pricing strategies. Companies need to have a solid understanding of supply chain dynamics and commodity markets to manage this risk. The use of certain types of adhesives and sealants can raise environmental and regulatory concerns. For example, some products contain volatile organic compounds (VOCs) that can contribute to air pollution. Companies need to stay abreast of changing regulations and develop sustainable products that meet these requirements.

The demand for lightweight materials is on the rise, particularly in the automotive and aerospace industries. Adhesives and sealants are ideal for bonding lightweight materials such as composites, plastics, and metals. Consumers and businesses are increasingly looking for environmentally-friendly products, and this trend is also impacting the adhesives and sealants market. There is a growing demand for adhesives and sealants made from renewable and biodegradable sources.

Solvent-based adhesives and sealants are known for their fast-drying and high-performance characteristics. They are commonly used in the automotive, construction, and packaging industries. However, the use of solvents raises environmental and regulatory concerns, which may limit the growth of this segment.

Reactive adhesives and sealants are cured by a chemical reaction between two or more components. They are known for their high strength and durability and are used in a wide range of applications, including aerospace, automotive, and construction. The reactive segment is expected to grow due to increasing demand for high-performance products.

Epoxy adhesives and sealants are known for their high strength, toughness, and resistance to chemicals and temperature. They are used in a wide range of applications, including construction, aerospace, and marine. The epoxy segment is expected to grow due to increasing demand from the construction and aerospace industries.

Silicone adhesives and sealants are known for their flexibility, weather resistance, and electrical insulation properties. They are used in a wide range of applications, including construction, automotive, and electronics. The silicone segment is expected to grow due to increasing demand from the construction and automotive industries.

Regional Analysis

Latin America is a small but growing market for adhesives and sealants, driven by increasing demand from the construction and automotive industries. Brazil is the largest market in the region, followed by Mexico and Argentina.

The Middle East & Africa region is a small but growing market for adhesives and sealants, driven by increasing demand from the construction, automotive, and packaging industries. Saudi Arabia and the United Arab Emirates are the largest markets in the region.

Overall, the Asia-Pacific region presents the largest growth opportunity for the adhesives and sealants market due to increasing demand from emerging economies and expanding end-use industries. However, mature markets such as North America and Europe also present opportunities for innovation and development of sustainable and technologically advanced products.

Competitive Analysis

Sika is a Swiss multinational company that produces a wide range of products, including adhesives and sealants. The company's product portfolio includes brands such as Sikaflex, Sikasil, and SikaBond, and serves industries such as construction, automotive, and transportation.

Arkema is a French multinational company that produces a wide range of products, including adhesives and sealants. The company's adhesive solutions segment includes brands such as Bostik and AEC Polymers, and serves industries such as construction, automotive, and packaging.

Dow is an American multinational company that produces a wide range of products, including adhesives and sealants. The company's adhesive and functional polymers division serves industries such as construction, automotive, and packaging.

In September 2020, 3M announced the acquisition of the US-based company, M*Modal, which provides cloud-based clinical documentation solutions for healthcare providers.

In January 2020, Sika announced the acquisition of Parex, a leading manufacturer of mortars and insulation systems for the construction industry.

In August 2019, H.B. Fuller announced the acquisition of the US-based company, Royal Adhesives & Sealants, which produces high-performance adhesives and sealants for a wide range of industries.

In April 2019, Arkema announced the acquisition of ArrMaz, a US-based manufacturer of specialty chemicals and additives for the construction and mining industries.

In November 2018, DowDuPont announced the spin-off of its materials science division into a separate company, Dow Inc., which focuses on producing materials for a wide range of industries, including adhesives and sealants.

In August 2018, Avery Dennison announced the acquisition of Hanita Coatings, an Israeli manufacturer of specialty films and laminates for a wide range of industries, including adhesives and sealants.

Segmentation Analysis of The Global Adhesive and Sealants Market 2022-2030

The report forecasts revenue growth at global, regional, and country matrics and analyzes the latest industry trends in each of the sub-segments ranging from 2016-2030. For this, CDI has segmented the global adhesive and sealants market report based on capacity, vehicle, application, and propulsion type along with regional analysis. 

Adhesives Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Water based
• Solvent based
• Hot melt
• Reactive & others

Adhesives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Acrylic
• PVA
• Polyurethanes
• Styrenic block
• Epoxy
• EVA
• Others

Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Paper & packaging
• Consumer & DIY
• Building & construction
• Furniture & woodworking
• Footwear & leather
• Automotive & transportation
• Medical
• Others

Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America