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.
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
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
Report Attributes | Details |
---|---|
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 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
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 |
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
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 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:
8.1 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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Report Scope & Overview:
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