Report Id: SNS/C&M/1683 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Adhesives & Sealants Market Size was valued at USD 57.76 billion in 2022, and expected to reach USD 88.64 billion by 2030, and grow at a CAGR of 5.5% over the forecast period 2023-2030.
A sealant is a semisolid compound used to prevent fluid leakage, whereas an adhesive is a chemical mixture that connects two surfaces together to form a single unit. Adhesives have great shear and tensile strength, making them ideal for use in holding and bonding applications. Sealants, on the other hand, are utilised to fill gaps and prevent substrate relative displacement. Adhesives and sealants are made with similar chemicals and technology and are used in a variety of industries, including paper packaging, woodworking, footwear production, building and construction, electrical and electronics, automotive, and more.
High demand from building & construction industry
Increasing demand for permanent house in other country.
Stringent environmental regulations
Development of green and sustainable adhesive solutions
Rising requirement for sustainable adhesives and non-hazardous
Rules that are changing and standards that are changing
Impact of Covid-19:
The United States, Germany, the United Kingdom, Italy, South Korea, Spain, and Japan are among the main industrialised economies that have been negatively affected. Despite hopeful reports on vaccination advances, several hazards remain, according to a Boston Consulting Group analysis. Sales in Europe and the United States are not expected to recover to pre-COVID levels until 2023 at the earliest.
COVID-19 has posed various challenges to the construction industry. The United States, Germany, the United Kingdom, Italy, South Korea, Spain, and Japan are among the countries most badly affected by the pandemic. Due to supply chain delays and manpower shortages, construction activities in most countries have been halted due to social distancing measures, supply chain interruptions, and labour dispersion. Liquidity problems arose for construction enterprises with significant debts and low cash reserves. However, as a result of the coronavirus pandemic, the number of temporary hospitals and quarantine facilities has expanded.
Arkema S.A., Sika AG, BASF SE, Uniseal, Inc., Evonik Industries AG, Sika AG, Lord Corporation, Sika AGHenkel AG & Co. KGAA, The 3M Company, H.B. Fuller, and other players.
By Formulating Technology:
Reactive & Others
Paper & packaging
Building & construction
Consumer & DIY
Automotive & transportation
Leather & footwear
By Resin Type:
Building & construction
Automotive & transportation
Due to expanding domestic demand, rising income levels, and easy access to resources, Asia Pacific has emerged as one of the top manufacturers and consumers of adhesives and sealants. The vehicle and transportation sectors are one of the main users of adhesives and sealants in this region. The Asia Pacific region's economic growth, especially in emerging markets like India, Taiwan, Indonesia, Malaysia, Thailand, and Vietnam, is contributing to an increase in the number of infrastructure projects, In the building and construction business, this is likely to stimulate demand for adhesives and sealants.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 57.76 Billion|
|Market Size by 2030||US$ 88.64 Billion|
|CAGR||CAGR of 5.5% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Formulating Technology (Water-based, Solvent-based, Hot-melt, Reactive & Others), Adhesives Market
• By Application (Paper & packaging, Building & construction, Woodworking, Consumer & DIY, Automotive & transportation, Leather & footwear, Assembly, Medical, Electronics, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Arkema S.A., Sika AG, BASF SE, Uniseal, Inc., Evonik Industries AG, Sika AG, Lord Corporation, Sika AGHenkel AG & Co. KGAA, The 3M Company, H.B. Fuller, and other players.|
|DRIVERS||• High demand from building & construction industry
• Increasing demand for permanent house in other country.
|Restraints||• Stringent environmental regulations|
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: High demand from building & construction industry and Increasing demand for permanent house in other country are the drivers for Adhesives & Sealants Market.
Ans: Adhesive is a chemical mixture that connects two surfaces together to form a single unit.
Ans: A sealant is a semisolid compound used to prevent fluid leakage.
Ans: Adhesives & Sealants Market Size was valued at USD 54.75 billion in 2021, and is expected to reach USD 79.65 billion by 2028, and grow at a CAGR of 5.5 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Adhesives & Sealants Market Segment, Adhesives, By Formulating Technology:
8.4 Reactive & Others
9.Adhesives & Sealants Market Segment, Adhesives, By Application:
9.1 Paper & packaging
9.2 Building & construction
9.4 Consumer & DIY
9.5 Automotive & transportation
9.6 Leather & footwear
10.Adhesives & Sealants Market Segment, Sealants, By Resin Type:
11.Adhesives & Sealants Market Segment, Sealants, By Application:
13.1 Building & construction
13.2 Automotive & transportation
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profile
13.1 Arkema S.A.
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Sika AG
13.3 BASF SE
13.4 Uniseal, Inc.
13.5 Evonik Industries AG
13.6 Sika AG
13.7 Lord Corporation
13.8 Sika AGHenkel AG & Co. KGAA
13.9 The 3M Company
13.12 H.B. Fuller
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
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