Adhesives and Sealants Market, Share by Manufacture, Key Players, DROT, Analysis & Forecast Till 2027

The global Adhesives and sealants market is forecast to reach USD 81.2 Billion by the year 2027 at a CAGR of 5.13%, and the market was valued at USD 55.7 Billion in 2019. The similar characteristics of Adhesives and sealants result in them serving similar end-user segments. The adhesive is a chemical mixture which is applied to join two surfaces together, a sealant is a semisolid material, which is used to prevent leakage. They are manufactured with similar technologies and chemicals. Adhesives show high tensile and shear strength, whereas sealants are used to fill gaps and resist the movement of substrates and show relatively low strength compared to adhesives but exhibit greater flexibility. Adhesives are used to bond dissimilar metals, and sealants are used as substitutes of synthetic substrate for traditional material.

Glass building construction requires the use of sealants in the panels, for a stable structure. The main challenge the industry faces are the volatile cost of the raw material used for the production of adhesive and sealant products. The market is mainly driven by the robust growth and demand in the packaging industry due to the enormous demand and rise of the food and package industry. The market can be hindered by stringent regulations regarding VOC emissions.

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Key participants include 3M Company, Arkema, Dow Chemical Company, H.B. Fuller, Henkel, Bostik, RPM International Inc., Sika AG, Ashland Inc., BASF AG, among others.

Key Takeaways from the report

The market for Hybrid electric vehicles (HEVs) and Battery Electric vehicles (BEVs) has increased drastically; out of 94 Billion vehicles produced in 2018, 4.5 Billion were part of HEVs and BEVs, forecasts are showing by 2030 25% of the vehicles will be electrically powered. Adhesives and sealants market are used in the production of battery components such as Battery cells, Battery modules, and battery pack, the demand in this industry will drive the Adhesives and sealants market.
The largest share is held by a water-based segment in the Adhesives and sealants market. This is due to the regulations on the Volatile Organic Compound emissions; the companies are abandoning the use of solvent-based adhesives and are gearing more towards the use of hotmelt and water-based adhesive types.
Hot-melt Adhesives have a high demand in industries such as transportation, construction, and packaging; this demand is expected to rise due to the rising demand for light-weight automobiles. Solvent-based adhesives are losing their use due to their tendency to react with nitrogen present in the atmosphere, which is a potential hazard to humans. The hotmelt technology segment will register growth with a CAGR of 5.9%. This due to an increase in the adoption of environment-friendly technologies. Hotmelt adhesives are swiftly produced, provide smooth surfacing, and a have a short setting time, they can also be reactivated by heating. They have full applications in the automobile and construction sector.
Asia-Pacific will register the most significant amount of growth with an already enormous population which is increasing, and the manufacturing has shifted from North America and Europe to the Asia Pacific, these end-user manufacturing industries will be driving the growth of adhesives and sealants market in this Region. The automotive and packaging industry has boomed in the Asia Pacific region, with an excellent contribution from the ASEAN countries.
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For the purpose of this report, Reports and Data have segmented into the global Adhesives and sealants market on the basis of Adhesive Technology, Resin type, end use industry, and Region:

Adhesive Technology Outlook (Revenue, USD Billion ; Volume, Kilo Ton); 2017-2027)

Water-Based
Solvent-Based
Hot-Melt
Reactive
Others
Resin Type Outlook (Revenue, USD Billion ; Volume, Kilo Ton); 2017-2027)

Silicone
Acrylic
Polyvinyl Acetate
Polyurethane
Others
End Use Industry Outlook (Revenue, USD Billion ; Volume, Kilo Ton); 2017-2027)

Building and Construction
Paper, Board, and Packaging
Transportation
Woodworking and Joinery
Footwear and Leather
Healthcare
Electrical and Electronics
Other End-user Industries
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PEST analysis of the market in the five major regions.
Regional Outlook (Revenue, USD Billion ; Volume, Kilo Ton); 2017-2027)

North America
US
Europe
UK
France
Asia Pacific
China
India
Japan
MEA
Latin America
Brazil
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