Adhesives and Sealants Market Predicted Double-Digit Growth Rate by 2024

Global Adhesives and Sealants Market: Overview

A sealant is a material that is semisolid and is used to prevent leakages, whereas an adhesive is a chemical mixture used for joining two surfaces. The technologies and chemicals formulated are similar for adhesives and sealants and both are used for a wide range of applications. They are considered to come under one industry but their applications are distinct in different applications. The adhesives are used for applications related to holding and bonding owing to their features such as high tensile and shear strength. The sealants have the feature of greater flexibility but in terms of strength, it is lower than adhesives; hence, they are used to resist relative movements of substrates and to fill gaps.

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Global Adhesives and Sealants Market: Segmentation

The global adhesives and sealants market is segmented into adhesive type, sealant type, applications of both adhesives and sealants, and regions. On the basis of the adhesive type, the market is categorized into water based, solvent based, hot melt based, reactive and others. Further, the water-based adhesive segment is sub-segmented on the basis of the chemistry type such as polyacrylic ester emulsion, vinyl acetate ethylene emulsion, polyvinyl acetate emulsion and others. Similarly, solvent-based adhesives segment is sub-segmented into chloroprene rubber, styrene butadiene and styrene rubber resin, polyamide and others. The hot-melt-based adhesives segment is sub-segmented into styrenic block copolymers, polyurethane, ethylene vinyl acetate resin, polyolefin, polyamide and others. The reactive and others based adhesives segment is sub-segmented into epoxy, polysulfide, polyurethane, cyanoacrylate and modified acrylic and others. The adhesives and sealants market is categorized according to the chemistry type into polyurethane, emulsion, butyls, silicones, plastisol, polysulfide and others. On the basis of application, the adhesives and sealants market is divided into construction, transportation, leather and footwear, packaging, wood, consumer and others. Likewise, the adhesives and sealants market is divided according to the application into construction, consumer, transportation and others. The adhesives and sealant market is diversified into regions such as Europe, North America, Asia-Pacific and Rest of the World.

Global Adhesives and Sealants Market: Growth Factors

The usage of adhesives and sealants in the applications such as aircraft and vehicles help in weight reduction. The conventional joining techniques are replaced by the adhesives, which results in the change of weight of the final product. The automotive sector is replacing the welding activities of the engine parts assembly with products such as adhesives and sealants, which improves the fuel efficiency owing to the reduction in weight. In recent times, the glass building infrastructures are preferred by the organizations to improve the look of the structure; there are large glass sheets installed which require sealants inside the panel to attain a weatherproof structure. The adhesives are used widely in the disposable medical device sector owing to the improved methods of processing and technology. The advancements in the medical procedures and the aging population will continue to trigger the market growth of the adhesives and sealants market.

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Global Adhesives and Sealants Market: Regional Analysis

The Asia Pacific region is outpacing both the American and European markets. The reason for this is the growth of manufacturing industries in these regions where adhesives and sealants are used in a wide range. The North American market gains are driven owing to its application in the paper packaging, construction, and the automotive industries. The European market is also growing and contributing its share in the growth of the adhesives and sealants market.

Global Adhesives and Sealants Market: Competitive Players

Some of the key market players manufacturing the adhesives and sealants include Henkel AG & Co. KGaA, Illinois Tool Works Inc., 3M Corporation, Royal Adhesives & Sealants, LLC, Bostik Ltd., Franklin International, Sika AG, RPM International Inc., H.B. Fuller, and Avery Dennison.

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Global Adhesives and Sealants Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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