Adhesives & Sealants Market Size | Share | Industry Analysis 2022-2028

Adhesives & Sealants Market Market Overview:
The global adhesives and sealants market Size was valued at USD 69.9 billion in 2021 and is expected to reach a value of USD 95.1 billion by 2028, growing at a CAGR of 4.0% during the forecast period 2022 to 2028. A sealant is a semisolid substance used to stop fluid leakage, whereas an adhesive is a chemical mixture that unites two surfaces to form a single unit. Adhesives are ideal for applications involving holding and bonding because they have high shear and tensile strengths. Sealants, on the other hand, are used to close gaps and stop substrates from moving relative to one another. In a variety of industries, including paper packaging, woodworking, footwear manufacture, building & construction, electrical & electronics, automotive, and others, adhesives and sealants are created using comparable chemicals and processes.

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Adhesives & Sealants Market Growth Factors:
The demand for a variety of electrical and electronic gadgets, including tablets, smartphones, laptops, and others where adhesives and sealants are frequently utilized for bonding various components, has increased due to a rise in technological breakthroughs and R&D efforts. One of the main factors propelling the market for adhesives and sealants is this. Adhesives and sealants are frequently used to patch gaps, holes, and seal joints in the building and construction industry, which has also seen significant expansion due to reasons like population growth, urbanization, and increased government investment. The market for adhesives and sealants has grown as a result of the increase in demand for these products in the building and construction industry.

On the other hand, the demand for items containing VOCs has also decreased as a result of growing regulatory pressure and public knowledge of health risks and harmful environmental repercussions.

Adhesives & Sealants Market Segmentation:
1) By Adhesives Technology (Water-borne, Hot Melt, Solvent-borne, Reactive, Other)
2) By Sealant Product Type (Acrylic, Polyurethane, Polyvinyl Acetate, Silicone, Other)
3) By End User(Building and Construction, Electrical and Electronics, Footwear and Leather, Healthcare, Paper, Board, and Packaging, Transportation, Woodworking and Joinery, Other)

Adhesives & Sealants Market Regional Analysis:
In 2021, Asia Pacific held a near-37.0% share of the worldwide volume and dominated the market. In 2020, the COVID-19 pandemic had a significant influence on a number of industries, including textile and apparel, construction, and automotive, as well as on overseas commerce. One of the main growth drivers for the Middle East and Africa is the GCC. Over the projected period, expanding building activities in the GCC area are likely to drive up demand for adhesives and sealants. The housing market in GCC nations did not fare well in the recent past. This was mostly brought on by the drop in oil prices and the slowdown in the economy. However, due to investments in residential buildings, energy, and transportation, the construction industry is anticipated to perform strongly over the future years.

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Key players in the Adhesives And Sealants Market report are 3M, Ashland, Dow, H.B. Fuller Company, Henkel AG & Co. KGaA, Hexcel Corporation, Huntsman International LLC, Parker Hannifin Corp, LINTEC Corporation (Mactac), Mapei SpA, TESA SE - A Beiersdorf Company, Reynolds Co., THE YOKOHAMA RUBBER CO. LTD, UniSeal Inc., Wacker Chemie AG, Arkema Group (Bostik SA), Franklin International, Sika AG, The Soudal Group, RPM International Inc.

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