Adhesives and Sealants Market Dynamics Shifts and Trends in the Period of 2024-2030

According to Allied Market Research, the global adhesives and sealants market was valued at $51.9 billion in 2020. It is projected to reach $85.0 billion by 2030, growing at a CAGR of 5.1% from 2021 to 2030. The comprehensive report analyzes investment opportunities, winning strategies, market drivers, opportunities, market size, competition, and evolving market trends.

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Key Market Drivers:

- Technological Advancements: Innovations and increased R&D activities have driven the demand for a broad range of electrical and electronic devices.
- Government Spending: Increased government investments in the building and construction sector have significantly boosted market growth.

Market Restraints:

- Health Concerns: Prolonged exposure to volatile organic compounds (VOCs) during adhesive and sealant production poses health risks.
- Regulatory Pressure: Rising regulatory scrutiny and public awareness about health and environmental impacts are expected to restrain market growth.

Market Opportunities:

Sustainable Alternatives: The development of non-hazardous and sustainable adhesives and sealants presents lucrative growth opportunities.

Market Segmentation:

By Product Type:

- Adhesives: Dominated with over four-fifths of the market share in 2020; projected to continue leading.
- Sealants: Expected to exhibit the highest CAGR of 5.4% through 2030.

By Application:

- Building and Construction: Held the largest market share in 2020, approximately one-third, and is expected to maintain its lead.
- Medical: Projected to grow at the fastest CAGR of 6.0% during the forecast period.

By Region:

- Asia-Pacific: Captured more than two-fifths of the global market in 2020 and is expected to continue leading with the fastest CAGR of 5.6%.
- North America, Europe, and LAMEA: Also covered in the report with significant market shares.

Key Players:

- Arkema S.A.
- BASF SE
- Evonik Industries AG
- H.B. Fuller
- Henkel AG & Co. KGAA
- Lord Corporation
- Scott Bader Co.
- Sika AG
- The 3M Company
- Uniseal, Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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