Adhesives and Sealants Market Size, Report, Forecast 2023-28

Adhesives and Sealants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2490

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Market Overview:

The global adhesives and sealants market size reached US$ 63.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 85.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.

Adhesives and sealants refer to various sticking agents that are used for attaching two or more surfaces. Adhesives are chemical mixtures that are applied between two or more objects or materials to hold, fasten or bind them together. They have high shear and tensile strength and the bond could be temporary, semi-permanent or permanent. On the other hand, sealants are semi-solid materials that are primarily used to prevent fluid leakage. They seal components and joints by filling the gaps between substrates to provide a barrier or protective coating. Both adhesives and sealants are based on a variety of formulations, including organic, inorganic, acrylic-, polyurethane- and silicone-based and are commonly used on materials, such as metals, wood, glass and plastics.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Significant growth in the automotive, aerospace, construction, electronics and packaging industries is one of the key factors creating a positive outlook for the market. Furthermore, the increasing requirement for adhesives and sealants for bonding dissimilar materials is also providing a boost to the market growth. These binding agents are rapidly replacing mechanical fasteners, such as welds, screws, rivets, gaskets and fasteners, thereby enabling the product manufacturers to produce lightweight and compact components. Also, in the construction industry, they are increasingly being used for flooring, waterproofing and plumbing applications. Additionally, various product innovations, such as the development of water-based adhesives and organic solvents that are environment-friendly and exhibit higher bonding strength, are contributing to the market growth. Other factors, including increasing product utilization for packaging and furnishing applications, along with extensive infrastructural development across the globe, are expected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global adhesives and sealants market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on adhesive type, sealant type, technology and application.

Breakup by Adhesive Type:

Acrylic
PVA
Polyurethanes
Styrenic Block Copolymers
Epoxy
EVA
Others

Breakup by Sealant Type:

Acrylic
Silicone
Polyurethane
Butyl
Others

Breakup by Technology:

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Water-Based
Solvent-Based
Hot Melt
Reactive
Others

Breakup by Application:

Paperboard and Packaging
Building and Construction
Transportation
Leather and Footwear
Furniture
Others

Breakup by Region:

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North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 3M Company, Arkema S.A, Ashland Global Specialty Chemicals Inc., Avery Dennison Corporation, Beardow & Adams (Adhesives) Limited, Eastman Chemical Company, H.B. Fuller Company, Henkel AG & Co. KGaA, Sika AG and Wacker Chemie AG.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Adhesives Type, Sealant Type, Technology, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	3M Company, Arkema S.A, Ashland Global Specialty Chemicals Inc., Avery Dennison Corporation, Beardow & Adams (Adhesives) Limited, Eastman Chemical Company, H.B. Fuller Company, Henkel AG & Co. KGaA, Sika AG and Wacker Chemie AG
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global adhesives and sealants market was valued at US$ 63.2 Billion in 2022.

We expect the global adhesives and sealants market to exhibit a CAGR of 5.3% during 2023-2028.

The increasing demand for adhesives and sealants as binding agents over mechanical fasteners, such as welds, screws, fasteners, etc., enabling the production of lightweight and compact components, is currently driving the global adhesives and sealants market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of various end-use industries for adhesives and sealants.

Based on the adhesive type, the global adhesives and sealants market has been divided into acrylic, PVA, polyurethanes, styrenic block copolymers, epoxy, EVA, and others. Currently, acrylic exhibits a clear dominance in the market.

Based on the sealant type, the global adhesives and sealants market can be categorized into acrylic, silicone, polyurethane, butyl, and others. Among these, silicone currently holds the majority of the global market share.

Based on the technology, the global adhesives and sealants market has been segmented into water-based, solvent-based, hot melt, reactive, and others. Currently, water-based technology represents the largest market share.

Based on the application, the global adhesives and sealants market can be bifurcated into paperboard and packaging, building and construction, transportation, leather and footwear, furniture, and others. Among these, the building and construction segment currently accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global adhesives and sealants market include 3M Company, Arkema S.A, Ashland Global Specialty Chemicals Inc., Avery Dennison Corporation, Beardow & Adams (Adhesives) Limited, Eastman Chemical Company, H.B. Fuller Company, Henkel AG & Co.KGaA, Sika AG, and Wacker Chemie AG.

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