Adhesives and Sealants Market by Global Demand and Competitive Analysis between Top Players 2021-2030

The Global Adhesives and Sealants Market size is estimated to be USD 58.60 billion in 2019 and is predicted to reach USD 101.28 billion by 2030 with a CAGR of 5.1% from 2020-2030.

Adhesives and sealants are the substances that block the passage of fluids through the surface or joints. The function of adhesive is to hold the two surface together strongly for a longer period of time; whereas, sealants may be described as a substance that attaches two surfaces and then filling the spaces with a protective coating. The major applications of adhesives and sealants account to woodworking, leather and footwear industries, paper and packaging, automotive and transportation industry, building and Constructions, etc.

The research is still ongoing on the application of sealants in medical sciences; few studies have revealed that the sealants are the surgical glue can be used to seal the wounds in short span of time. Asia Pacific is considered to be the dominating leader of this market and is estimated to have the largest market share during the forecast years, owing to the elevating demand of the product from building and constructions and automobile industries, especially from the developing nations like India, China, South Korea, and others. Increasing research & development activities and the launch of the latest innovations are also liable in attracting the growth in the market size of adhesives and sealants.

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Top Companies: 3M Company, Ashland Inc., Avery Dennison Corporation, BASF AG, Beardow & Adams (Adhesives) Ltd., Bostik SA, Dow Chemical Company, Eastman Chemical Company, Ellsworth Adhesives, H.B Fuller Company, Henkel AG & Co., Momentive Specialty Chemical Inc., N.D. Industries Inc., Sika AG and others.

Market Dynamics and Trends

The increasing demand for sealants address from the building and construction industries, advancements in automotive industries and the revolutionary changes in packaging industries are the prime reasons responsible for driving the growth of the Adhesives and Sealants market. In addition, the changing consumer preference towards hot melt adhesives coupled with the elevating demand for DIY projects is also responsible for increasing the market size of adhesives and sealants worldwide. Furthermore, the economic growth in Asia Pacific and the changing focus towards composites is also responsible for propelling the growth of the market.

However, the emission of VOC, strict environmental norms in North America and Europe and the fluctuating raw material prices serves to be the constraints of adhesives and sealants market. Moreover, the development of electric vehicles, growing demand for green, non-hazardous adhesives, and the development of hybrid raisins to serve the purpose of high-performance adhesives and sealants are responsible in creating great opportunities for this market. The major challenge faced by the market is due to the changing standards and changing crude oil prices.

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Market Segmentations and Scope of the Study:

The global Adhesives and Sealants market share is analyzed on the basis of adhesives technology, adhesives product, adhesives application, sealants product, sealants application, and geography. On the basis of adhesives technology, the adhesive and sealant market is segmented into the water-based, solvent-based, hot melt and reactive & other. On the basis of adhesives product, the Adhesives and Sealants market is fragmented into acrylic, PVA, polyurethane, styrenic block, epoxy, EVA and others. On the basis of adhesives application, the Adhesives and Sealants market can be divided in to pressure sensitive applications, packaging, construction, furniture, footwear, automotive, and others. However, on the basis of Sealants Product, the adhesive and sealant market can be fragmented into Silicones, Polyurethane, Acrylic, PVA, and Others. Whereas, the sealants application is classified into construction, automotive, packaging, assembly, pressure sensitive tapes, consumer, and others. Lastly, the regional analysis, the market is categorized into North America, Europe, Asia Pacific, Middle East, and Africa.

Segmental Analysis

The surgical glue is considered to be the revolutionary innovation in medical sciences and is considered to be the end of painful stitches. The recent developments of this market account for numerous partnerships, acquisition, and new product launch. In April 2017, Sika GmbH selected WINDSOURCING.COM as exclusive sales partner; whereas Sika also introduced new Sikaflex-232US in March 2017. Henkel closed acquisitions of Darex Packaging Technologies and Sonderhoff Group in July 2017 and in March 2017, a new sealant was launched by Dow Corning in China.

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