Press release
Adhesives & Sealants Market is expected to reach USD 80.5 Billion by 2025 | growing at a CAGR of 4.9% from 2020 to 2026 | Franklin International, Bostik SA, Sika AG
Water-borne adhesives captured the highest market share
Based on technology, adhesives can be classified as reactive, hot melt, solvent-borne, and water-borne. In 2020, Water-borne adhesives captured the highest market share of 47% in the total market.
In past few years, water-borne systems rapidly emerged as a mainstream formulation technology in the adhesives industry. The demand for water-based adhesives almost increased two-fold during the last two decades. In the light of increasing environmental concerns and tightening volatile organic compound (VOC) regulations, adhesives manufacturers are shifting towards water-borne systems.
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Key players in the global Adhesives & Sealants Market
Franklin International
Bostik SA
Sika AG
Illinois Tool Works Corporation
3M Company
B. Fuller
Henkel AG & Company
Royal Adhesives & Sealants, LLC
DAP Products
Avery Dennison Corporation
Asia Pacific region captured the highest market share in 2020
The Asia-Pacific region dominated the adhesives market both in terms of volume and revenue. In 2020, it accounted for 41% of the market in terms of volume and 35% of the market in terms of revenue. Growth in the construction, infrastructure, and automobile sectors in emerging economies such as China and India are driving growth in this region. The region is expected to grow at a CAGR of 7.1% in terms of revenue from 2020 to 2026.
Pressure Sensitive Adhesives captured the largest market share in 2020
The pressure sensitive application dominated the global adhesives market by
applications, with a 28% share. Pressure sensitive adhesives are manufactured by using a liquid carrier or in 100% solid form. These adhesives are most commonly used in pressure sensitive tapes, labels, note pads, automobile trim, and a wide variety of other products.
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Adhesives & Sealants Market Price Tracking & Forecasts
Price is an important aspect which helps in managing top-line and bottom-line growth. Our price forecasting enables the clients to take critical decisions such as price increase or procurement decisions. Production Cost, Price & Margin Analysis Outcome. Similar Analysis will be done for other locations in the report. Some of the new trends in adhesives industry are bio-renewable based feedstocks, sustainable solutions etc. which are having high impact on the industry. The report analyses the economic impact on country’s adhesives industry and also analyses the company level impact.
Adhesives & Sealants Product Type Coverage-Market Size & Estimates Forecast-2020-2026
Water-Based Adhesives
Solvent-Based Adhesives
Hot-Melt Adhesives
Others
Adhesives & Sealants Application Coverage-Market Size & Estimates Forecast-2020-2026
Paper & Packaging
Building & Construction
Woodworking
Transportation
Consumer Adhesives
Leather & Footwear
Others
Adhesives & Sealants Chemical Composition -Market Size & Estimates Forecast-2020-2026
Acrylic
Polyurethane
Polyvinyl Acetate (PVA)
Epoxy
Styrenic Block
Ethylene Vinyl Acetate (EVA)
Others
The global adhesives and sealants market is highly competitive and fairly concentrated. The current scenario in the global adhesives and sealants market is dominated by a few major players. Key companies in the adhesives and sealants market include Henkel, H.B. Fuller, The Dow Chemical Company, BASF SE, Momentive Specialty Chemicals Inc., Bostik and Sika AG, Franklin International, Illinois Tool Works Corporation, Royal Adhesives & Sealants, LLC, DAP Products, Avery Dennison Corporation.
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The leading companies focused on new product launches and expansions with for better penetration of their business in the emerging economies. June 2020, Bostik launched Born2Bond, a new range of innovative engineering adhesives designed for “by-the-dot” bonding in the high-end packaging sector. April 2021, 3M announced addition to a new class of silicone adhesives the 2484 3M™ Single Coated Medical Film Tape with Hi-Tack Silicone Adhesive on Liner.
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