Adhesives And Sealants Market Projected to Gain Significant Value by 2024 - 2031 | The Dow Chemicals Company, Henkel AG & Co. KGaA

Market Overview:

Adhesives and sealants are bonding agents used to join surfaces or materials together. They find wide application in construction, packaging, woodworking, transportation, footwear, and furniture industries.

Market Dynamics:

Adhesives and sealants market is primarily driven by the growing construction industry worldwide. Rapid urbanization and infrastructure development projects in emerging economies are fueling the demand for adhesives and sealants from construction industry. According to World Bank, the global construction output is projected to grow by 85% by 2030, mainly driven by India, China, and other Asian countries.

The other key driver is growing packaging industry. Adhesives are widely used in manufacturing of flexible packaging, cartons, labels, tapes, and other specialty packaging. Rising e-commerce and food delivery markets are propelling the demand for packaging, which in turn supports the growth of adhesives and sealants market over the forecast period.

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Major Driver: Increasing Demand for Adhesives and Sealants from Construction Sector

The construction sector has been one of the major end-users of adhesives and sealants globally. The rapid growth of the construction industry, especially in emerging economies of Asia Pacific and Central & South America is fueling the demand for adhesives and sealants. Adhesives are widely used in various construction applications such as flooring, roofing, windows and doors installation, and others. The rising spending on infrastructure development projects across both commercial and residential sectors is positively impacting the adhesives and sealants market. Furthermore, factors such as urbanization, rising incomes, availability of finance are boosting the construction of residential buildings and other commercial structures, thereby augmenting the market growth.

Another Major Driver: High Demand from Automotive Industry

The automotive industry is another key end-user industry driving the demand for adhesives and sealants worldwide. Adhesives find extensive applications in the assembly of vehicle bodies and construction of interior and exterior parts. Changing consumer preference towards lightweight vehicles along with stringent norms regarding fuel-efficiency and emission is increasing the use of adhesives in vehicles. Adhesives provide excellent bonding of composite materials, plastics and other lightweight materials in vehicles resulting in weight reduction of vehicles. Furthermore, factors such as rising vehicle production and improving economic conditions in developing countries are fueling the growth of the automotive industry, thereby positively impacting the adhesives and sealants market.

Major Opportunity: Increasing Demand from Packaging Industry

The demand for adhesives & sealants is increasing from the packaging industry across the world. Adhesives are used in packaging boxes, laminating, case and carton sealing, flexible packaging, and others. With increasing population and changing lifestyles, the demand for packaged food and beverages is rising rapidly. Furthermore, there is surge in demand for packaged goods from e-commerce sector for home delivery. Hence, the growing packaging industry represents a major growth opportunity for the adhesives and sealants market players. The emergence of advanced and modified adhesive technologies such as hot melt adhesives, water-based adhesives suitable for food packaging offers immense opportunities. Moreover, factors such as focus on product differentiation, sustainability and innovation in the packaging sector are expected to drive the adhesives and sealants consumption.

Major Trend: High Demand for Green and Sustainable Adhesive Technologies

Environmental sustainability is emerging as a major trend in the global adhesives and sealants market with manufacturers striving to replace solvent-borne and other hazardous technologies with green product offerings. The growing consumer awareness about environmental issues and implementation of stringent regulations has prompted companies to develop bio-based, water-based and other sustainable adhesive product ranges. Government support through incentives and policies promoting green products is also pushing the market players to invest in eco-friendly adhesive technologies such as hot-melt adhesives requiring less curing time. These sustainable adhesives provide equivalent performance as traditional solvents while reducing environmental footprint. Hence, the increasing shift towards green and sustainable adhesive technologies is expected to revolutionize the market in coming years.

Top Companies Featured in This Report:

★ The Dow Chemicals Company
★ Henkel AG & Co. KGaA
★ Avery Dennison
★ Royal Adhesives & Sealants LLC
★ Ashland Inc.
★ Akzo Nobel NV
★ Arkema SA
★ BASF SE
★ Bemis Company Incorporated
★ Berry Plastics Corporation
★ RPM International
★ DuPont
★ Evans Adhesive Corporation Limited
★ among others.

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Market Segmentation:

By Product Type:
★ Solvent based
★ Water based
★ Hot melt
★ Reactive
★ Others
★ Acrylic sealant
★ Polyurethane sealant
★ Silicon sealant
★ Butyl sealant
★ Others

By Applications:

★ Packaging
★ Buildings and construction
★ Wood works
★ Footwear
★ Medical
★ Others

Key Regions/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Why Choose Our Comprehensive Market Report:

• Evaluate numerous aspects of the Adhesives And Sealants Market outlook through Porter's Five Forces analysis.

• Examine the growth rate and market shares of various product types and applications/end-users within the Adhesives And Sealants Market.

• Gain insights into the Adhesives And Sealants Market dynamics across different regions.

• Conduct a thorough Covid-19 Impact Analysis using a robust research methodology.

• Stay updated on the latest developments, market shares, and strategies of key players in the Adhesives And Sealants Market.

• Delve into a detailed assessment of the market strategies, geographical presence, and business segments of the top players in the Adhesives And Sealants Market.

• Anticipate key challenges, product advancements, and potential solutions that may influence the market's progress and risks.

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Key Inquiries Addressed in this Report include:

• What was the size of the Adhesives And Sealants Market in 2024, and what is the projected value by 2030?

• What is the present global market landscape for the Adhesives And Sealants Market?

• What strategies offer optimal opportunities for growth maximization in the business?

• What recent trends are shaping the Adhesives And Sealants Market?

• How does the market share of Adhesives And Sealants Market revenue, sales, and size vary across specific geographical regions?

• Who are the prominent industry players in the Adhesives And Sealants Market?

• Which segment of the Adhesives And Sealants Market is experiencing heightened demand?

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