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Adhesives & Sealants Market

Adhesives & Sealants Market Size and Segmentation Adhesives Market, 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), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1683 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Adhesives & Sealants Market Size was valued at USD 54.75 billion in 2021, and expected to reach USD 79.65 billion by 2028, and grow at a CAGR of 5.5% over the forecast period 2022-2028.

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. 

Adhesives & Sealants Market Revenue Graph

Market Dynamics:

Drivers:

  • High demand from building & construction industry

  • Increasing demand for permanent house in other country.

Restraints:

  • Stringent environmental regulations

Opportunity:

  • Development of green and sustainable adhesive solutions

  •  Rising requirement for sustainable adhesives and non-hazardous

Challenge:

  • 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.

Key Players:

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.

Market Segmentation:

By Formulating Technology:

  • Water-based

  • Solvent-based

  • Hot-melt

  • Reactive & Others

By Application:

  • Paper & packaging

  • Building & construction

  • Woodworking

  • Consumer & DIY

  • Automotive & transportation

  • Leather & footwear

  • Assembly

  • Medical

  • Electronics

  • Others

By Resin Type:

  • Silicone

  • Polyurethane

  • Plastisol

  • Emulsion

  • Polysulfide

  • Butyl

  • Others

By Application:

  • Building & construction

  • Automotive & transportation

  • Consumer

  • Others

Adhesive and Sealants Market Segment Pie Chart

Regional Analysis:

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.

REGIONAL COVEREGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

Adhesives & Sealants Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 54.75 Billion
Market Size by 2028 US$ 79.65 Billion
CAGR CAGR of 5.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Adhesives & Sealants Market Segment, Adhesives, By Formulating Technology:

8.1 Water-based

8.2 Solvent-based

8.3 Hot-melt

8.4 Reactive & Others

 

9.Adhesives & Sealants Market Segment, Adhesives, By Application:

9.1 Paper & packaging

9.2 Building & construction

9.3 Woodworking

9.4 Consumer & DIY

9.5 Automotive & transportation

9.6 Leather & footwear

9.7 Assembly

9.8 Medical

9.9 Electronics

9.12 Others

 

10.Adhesives & Sealants Market Segment, Sealants, By Resin Type:

10.1 Silicone

10.2 Polyurethane

10.3 Plastisol

10.4 Emulsion

10.5 Polysulfide

10.6 Butyl

10.7 Others

 

11.Adhesives & Sealants Market Segment, Sealants, By Application:

13.1 Building & construction

13.2 Automotive & transportation

13.3 Consumer

13.4 Others

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company Profile

13.1 Arkema S.A.

13.1.1 Financial

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.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

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Secondary Research

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