Adhesives and Sealants Market Size By Technology (Water based, Solvent based, Hot melt, Reactive & other), By Product (Acrylic, PVA, Polyurethanes, Styrenic block, Epoxy and EVA), By Application (Pressure sensitive applications, Packaging, Construction, Furniture, Footwear and Automotive), Sealants Market Size By Product (Silicone, Polyurethane [PU], Acrylic, Epoxy, EVA, Polyvinyl Acetate [PVA]), By Application (Construction, Automotive, Packaging, Assembly, Pressure Sensitive Tapes, Consumers) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Adhesives and sealants market size exceeded USD 43.9 Billion and USD 10.1 Billion respectively, in 2019 and is estimated to grow at over 6.6% and 6.0% CAGR between 2020 and 2026. Rapid technological advancements and growing demand for bio-based adhesives and sealants will foster overall market growth.
 

Get more details on this report - Request Free Sample PDF
 

Adhesives and sealants are multifaceted products that are mostly utilized in industrial sectors from malleable packaging & textile to structural applications due to its superior bonding strength. A sealant is semi solid in nature which is predominantly used to mitigate leakage failure and adhesives are chemical mixtures majorly used for bonding two surfaces.
 

Adhesives offers persuading characteristics including high tensile and sheer strength which makes them favorable for holding and bonding. Whereas, sealants offer elongation, compressibility, modulus of elasticity and fatigue & tear resistance which makes them favorable to reduce substrates movement and fill gaps. The numerous advantages of these products are likely to boost adhesives and sealants market demand.   
   

Shifting consumer preferences towards biobased adhesives & sealants due to rising environmental concerns along with reduction in fossil fuel usage for product manufacturing may impel the industry share. These products are predominantly manufactured from bio-based materials including starch, proteins, vegetable oils, natural resins and lignin.
 

Bio based adhesives & sealants offer similar properties to that of conventional ones by providing additional feature known as “Biodegradability”, thus promoting adhesives and sealants market growth.
 

Stringent government norms implementation for this industry have resulted in superior product quality manufacturing which is providing positive environmental impact. Regulations including EN 16785-1 & EN 13432 by the EU commission that evaluate biobased content and biodegradability of biobased adhesives and sealants are also contributing toward maintaining environmental safety.
 

Through these regulations, manufacturers will be able to produce quality products that strictly abide to norms & reduce compliance cost leading to increased company profitability, thereby fostering the adhesives and sealants market share.
 

Companies are investing in technological advancements and launching new biobased products to wider customer base. For instance, Jowat SE announced launch of its latest product range named Jowatherm GROW biobased hot melt adhesives. This product is made from renewable raw materials that provide superior efficiency and cleanliness. 
 

Get more details on this report - Request Free Sample PDF
 

Rising water-based adhesives from paper industry will promote the market growth

Get more details on this report - Request Free Sample PDF
 

Water based adhesives accounted for a revenue of over $22 billion in 2019. Rising product demand in bonding & paper products and moistenable adhesives including envelopes, stamps, packaging tapes & labels should boost the adhesives and sealants market. Water based adhesives are made from natural and synthetic polymers that can be dissolved in water.
 

These bonds are created by water evaporation or absorption into the substrate. This product offers beneficial characteristics including excellent heat & water resistance and high tack. Thus, these factors should accelerate product demand.
 

Rising awareness towards environmental degradation has resulted in adoption of water borne technology over solvent based due to oncogenic fillings exposure during manufacturing process as it releases VOC and increases functional costs. Global paper products market is anticipated to reach over USD 270 billion by 2025 owing rising utilization of paper packaging in FMCG, hospitality and pharmaceutical industries, thereby expanding the adhesives and sealants market.
 

Rising sealants demand for construction applications will stimulate adhesives & sealants market

Get more details on this report - Request Free Sample PDF
 

As per market trends and analysis, global construction sector is estimated to reach USD 8 trillion by 2030. Growing infrastructural development across the globe in residential and commercial sectors owing to facilitate rapid urbanization along with escalating population levels should boost the construction industry.
 

Government infrastructural development initiatives including “One Belt One Road Initiative” by Chinese government and “African Strategic Infrastructure Initiative” should boost the overall construction sector, thus propelling the adhesives and sealants market value.
 

Sealants for construction application accounted for a market revenue of around USD 2 billion in 2019. Sealants are predominantly used for construction applications to prevent passage of fluids & substances passing through openings, material surfaces and joints. This product offers beneficial characteristics including flexibility, strength, solubility, appearance permanence and corrosion resistance resulting in superior structural integrity, thereby accelerating overall adhesives and sealants market.
 

Growing automotive industry in Europe region will stimulate the adhesives demand

Get more details on this report - Request Free Sample PDF
 

Europe is considered has one of the world’s biggest automotive producers and a key employer for the population. Supportive EU commission policies implementation for regional automotive sector aim to establish internal market, environmental protection & safety, stable level playing field and strengthen competition. Policies including “European Battery Alliance “, “Strategy for automated and connected mobility systems” and “GEAR 2030” should propel regional automotive industry, thereby accelerating the adhesives market growth.
 

Europe accounted for a market revenue of USD 11.83 billion in 2019. Adhesives are majorly used for automotive applications including metal/composites bonding, friction, headlight assembly, glass, interiors, exterior trims, electrical motors & components, body sealing, noise vibration harshness.
 

These products offer persuading attributes including uniform stress distribution, reduces vibration, enhance energy efficiency through weight reduction and superior moisture & chemical resistance. Thus, aforementioned factors should boost the overall adhesives and sealants market for automotive applications. 
 

Novel product introduction and R & D activities remain key business strategies by companies

Global adhesives and sealants industry are moderately fragmented with major players including H.B. Fuller Company, 3M Company, Avery Dennison Corporation, BASF AG, Dow Chemical Company, Bostik SA, Ashland Inc., Uniseal Inc, Eastman Chemical Company, Beardow & Adams Adhesives Inc., Sika and Momentive Specialty Chemicals Inc.
 

Market leaders are engaged in new product launches, capacity expansions, mergers & acquisitions, and partnerships & collaborations. For instance, in November 2019, Bostik launched its latest engineering adhesives product range named Born2Bond. This product range is designed for application in industries including luxury packaging, electronics, automotive, MRO and medical devices. Through this launch, the company will be able to expand its product portfolio to increase profitability.
 

In June 2019, Henkel launched its new product range named Loctite Liofol LA 2798 for high-performance packaging applications. This product range is specifically designed for utilization in industries including pet food, medical applications and convenience products. Through this product launch, the company will be able to cater wider consumer base and attain the stronger market position.
 

In October 2017, Bostik established its new manufacturing facility in Gujarat, India. This production facility will be producing advanced hot melt pressure sensitive adhesives which finds application in industries including footwear production, flexible lamination and transportation. Through this facility establishment, the company will be able to increase their production output and cater to the rising the adhesives and sealants market.
 

Adhesives and sealants market research report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Kilo Tons) and revenue (USD Million) from 2015 to 2026, for the following segments:
 

Adhesives Market Segment

By Technology

• Water based
• Solvent based
• Hot melt
• Reactive & other

By Product

• Acrylic
• PVA
• Polyurethanes
• Styrenic block
• Epoxy
• EVA
• Other

By Application

• Pressure sensitive applications
• Packaging
• Construction
• Furniture
• Footwear
• Automotive
• Other

Sealants Market Segment

By Product

• Silicones
• Polyurethanes
• Acrylic
• Polyvinyl acetate
• Other

By Application

• Construction
• Automotive
• Packaging
• Assembly
• Pressure sensitive tapes
• Consumers
• Other

The above information has been provided for the following regions and countries:

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain        
• Asia Pacific          
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil        
• Middle East & Africa
  • South Africa
  • UAE
  • Saudi Arabia