Adhesives and Sealants Market Size Worth US$ 85.2 Billion By 2028 | Industry CAGR of 5.3%

IMARC Group's latest report, titled "Adhesives and Sealants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on adhesives and sealants market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global adhesives and sealants market size reached US$ 63.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 85.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.

What are adhesives and sealants?

Adhesives and sealants refer to the various sticking agents used for attaching, binding, and fastening two or more surfaces. Adhesives represent chemical mixtures that are applied between two or more materials or objects to hold or secure them together. They have high tensile and shear strength, and the bond could be semi-permanent, temporary, or permanent. On the other hand, sealants refer to semi-solid substances primarily used to prevent fluid leakage. They lock joints and components by filling the gaps between substrates to provide a protective coating or barrier. These sticking agents are based on several formulations, including inorganic, acrylic-, organic, polyurethane-, and silicone-based, and are commonly used on materials, such as wood, glass, metals, and plastics. As a result, adhesives and sealants find widespread applications in paperboard, packaging, construction, leather, furniture, etc.

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What are the growth prospects and trends in the adhesives and sealants industry?

The escalating demand for these binding agents to bond dissimilar materials and the expanding automotive, aerospace, construction, electronics, and packaging industries are primarily driving the adhesives and sealants market. Besides this, these materials are replacing mechanical fasteners, welds, screws, rivets, gaskets, etc., to produce lightweight and compact components, which is further augmenting the market growth. Moreover, the introduction of water-based adhesives and organic solvents that are environment-friendly and exhibit higher bonding strength is also catalyzing the global market. Apart from this, the elevating product requirement in the building sector for flooring, waterproofing, and plumbing applications is acting as another significant growth-inducing factor. Furthermore, the growing popularity of these sticking agents in packaging and furnishing and the expanding infrastructural development across the globe are expected to bolster the adhesives and sealants market in the coming years.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 3M Company
• Arkema S.A
• Ashland Global Specialty Chemicals Inc.
• Avery Dennison Corporation
• Beardow & Adams (Adhesives) Limited
• Eastman Chemical Company
• H.B. Fuller Company
• Henkel AG & Co. KGaA
• Sika AG
• Wacker Chemie AG

Adhesives and Sealants Market Segmentation:

Our report has categorized the market based on region, adhesive type, sealant type, technology and application.

Breakup by Adhesive Type:
• Acrylic
• PVA
• Polyurethanes
• Styrenic Block Copolymers
• Epoxy
• EVA
• Others

Breakup by Sealant Type:
• Acrylic
• Silicone
• Polyurethane
• Butyl
• Others

Breakup by Technology:
• Water-Based
• Solvent-Based
• Hot Melt
• Reactive
• Others

Breakup by Application:
• Paperboard and Packaging
• Building and Construction
• Transportation
• Leather and Footwear
• Furniture
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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