Sealants Market Price Analysis, Growth Report and Industry Forecast to 2026

The Adhesives and Sealants Market share is expected to garner $66,876 million by 2022, registering a CAGR of 3.7% during the forecast period 2016‐2022. An adhesive is a chemical mixture that joins two surfaces together to form a single unit, whereas a sealant is a semisolid material used to prevent fluid leakage. Adhesives and sealants are formulated with similar chemicals and technologies, and are used in a related range of applications. Although they are considered as a single industry, their performance is distinct across end applications. Regulatory bodies have different specifications and test methods for each of them. Adhesives have high shear and tensile strength, which makes the material preferable for holding- and bonding-related applications. On the other hand, sealants fill gaps and resist relative movement of substrates. They are generally lower in strength than adhesives, but have greater flexibility.

Focus on the usage of adhesives in products, such as vehicles, aircraft results in weight reduction, driving the demand for adhesives and sealants. Adhesives are likely to replace the conventional joining techniques, resulting in change in weight of the final product. The automotive industry is gradually replacing welding activities of engine parts assembly with adhesives and sealants products to reduce the vehicle weight, which in turn increases fuel efficiency. Glass building constructions, especially for commercial space, are rising at a faster pace globally; large glass sheets installed in these giant structures require sealants in the panel to achieve a weather-tight structure. In addition to the growth aspect, challenges the industry needs to overcome are availability and volatile cost of raw material for the manufacture of adhesive & sealant products.

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Segments Review

The global adhesives and sealants market is segmented on the basis of adhesive type, sealant type, application, and geography. Based on adhesive type, the market is classified into water-based, solvent-based, hot melt, pressure-sensitive, and other adhesives, which includes reactive adhesives & formaldehyde adhesives. Acrylic, silicone, polyurethane, butyl, polysulfide, latex, and silyl modified polymer-based sealants are considered under the sealant type segmentation, where each type is further classified to give an elaborative idea on the adhesives and sealants industry. In the year 2015, water-based adhesives dominated the overall adhesives market, whereas the sealants market was dominated by silicone-based sealants. Adhesives and sealants have a wide range of applications, such as paperboard & packaging, building & construction, woodworking & joinery, transportation, footwear & leather, medical, and others. Paperboard & packaging and building & construction are the major applications for, which together contributed more than half of the total revenue in 2015.

The adhesives and sealants market, with its demand in end applications, has witnessed considerable growth over the past few years, and this growth is estimated to increase in the future. Key players invest huge capital in adhesives and sealants market research & development activities to develop enhanced products, which help to meet the current demand. Major players in the adhesives and sealants market are Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), H.B. Fuller (U.S.), 3M Corporation (U.S.), and Bostik SA (France).

Geographically, the global adhesives and sealants market is segmented into North America, Europe, Asia-Pacific, andLAMEA. Asia-Pacific is the largest region for the market, with a revenue share of one-third in 2015, followed by Europe and North-America, each occupying a one-fourth revenue share.

ADHESIVES MARKET KEY BENEFITS

The report provides an in-depth analysis of the global adhesives and sealants market and future estimations from 2015 to 2022, including information about the current market situation, changing market dynamics, expected trends, and market intelligence.
The factors that drive and impede the growth of the global adhesives and sealants market size are comprehensively analyzed.
SWOT analysis highlights the internal environment of leading companies for effective strategy formulation.
The report contains a comprehensive study of the key strategies adopted by companies to gain a competitive edge in the adhesives and sealants industry
Micro-level analysis is conducted based on type, application, and region.
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Adhesives Market by Type

Water-Based Adhesives

Vinyl Acetate
Vinyl Acetate Copolymer
Acryl Emulsion
Others
Solvent-Based Adhesives

Vinyl Acetate
Resins
Rubber
Others
Hot Melt Adhesives

Ethylene Vinyl Acetate (EVA)
Rubber
Others
Pressure-Sensitive Adhesives

Acryl
Rubber
Others
Others (Reactive Adhesives, Formaldehyde Adhesives)
Sealants Market by Type

Acrylic Sealant
Silicone Sealant
Polyurethane Sealant
Butyl Sealant
Others (Polysulfide, Latex, and Silyl Modified Polymers)
Adhesives & Sealants Market by Application

Paperboard & Packaging
Building & Construction
Woodworking & Joinery
Transportation
Footwear & Leather
Medical
Others (Assembly Operations, Decorative Films)
Adhesives & Sealants Market by Geography

North America
U.S.
Mexico
Canada
Europe

UK
Germany
France
Italy
Rest of Europe
Asia-Pacific

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