Global adhesive and sealants market to reach USD 62.8 billion by 2024

The rising demand of water based adhesives will boost the growth of global adhesive and sealants market in upcoming future
“On the back of growing automotive and packaging industry, global adhesive and sealants market is anticipated to reach USD 62.8 billion by the end of 2024”
In order to reduce the overall weight of vehicle, automotive industry is focusing on replacing welding activities for engine and chases assembly with adhesives and sealants hence uplifting the demand of adhesive and sealants in automotive industry. Moreover, bio-based products and eco-friendly adhesives are replacing synthetic adhesives; this will further boost the demand of adhesives and sealants in the global market. In 2015, Silicon-based adhesives contributed more than 30% share of revenue in adhesive and sealants market due to durability and strength of silicon-based products. In terms of geographical region, Asia Pacific dominates the global market witnessing a revenue share of 35.5% in 2015.
Market Segmentation
• By Adhesive Type
o Water-Based Adhesives
o Solvent-Based Adhesives
o Hot Melt Adhesives
o Pressure-Sensitive Adhesives
• By Sealants Type
o Acrylic Sealant
o Silicone Sealant
o Polyurethane Sealant
o Butyl Sealant
o Others (Polysulfide, Latex etc.)
• By Application
o Joinery Operations
o Construction
o Packaging
o Others (Assembly Operations, Decorative Films)
• By Geography
o North America (US, Canada)
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
o Rest of the World
“Global Adhesive And Sealants Market Outlook 2024” contains detailed overview of the global adhesive and sealants market in terms of market segmentation Product Type, by Power Range. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes provides competitive outlook of some of the major players of the global adhesive and sealants market which includes profiling of companies of Arkema, Dow, H.B. Fuller, Henkel, Bostik, RPM International Inc., 3M etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on global adhesive and sealants market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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