Adhesives and Sealants Market

Market Definition

The global Adhesives and Sealants Market size was valued at USD 68.12 billion in 2021, and is expected to reach USD 96.12 billion by 2030, with a CAGR of 3.9% from 2022 to 2030. Adhesives and sealants are chemical substances that are used to stick and seal materials. These substances are applied on the surface of separated items to bind them into one and prevent their separation.

The main function of adhesive is to hold both the surface through and through for a longer period of time. Whereas, sealants are semisolid substances whose main function is to attach surfaces as well as fill the spaces or gaps with a protective coating. In addition, the other role of the sealant is to make sure that no external element gets in between the surfaces that are fixed by the adhesives.

The adhesives offer several advantages over other binding techniques that include sewing and welding. Alongside, sealants aim to deliver waterproofing by preventing moisture from the surface. The applications of adhesives and sealants are found in various industry verticals such as woodworking, leather & footwear, paper & packaging, automotive & transportation, and building & construction, among others.

Market Dynamics and Trends

Increasing population & urbanization coupled with the government investments in sectors such as construction and infrastructure across the globe are factors that are driving the global adhesives and sealants market growth. Also, the R&D activities around water-based, bio-based, and hot melt adhesives are more elegant and helpful in woodworking industry along with emergence of organic solvents that are eco-friendly and provide extra bonding strength which further propels the growth of the adhesives and sealants market.

Additionally, the usage of adhesives and sealants is preferred over the traditional mechanisms such as screws, fasteners, welds and rivets due to easy and quick implications. This factor is further expected to drive the growth of adhesives and sealants market during the forecast period.

However, the emission of volatile organic compounds (VOCs) from adhesives and sealants can affect the health of consumers by causing issues such as skin problems, irritation, shortness of breath, dizziness, and fatigue, thereby acting as a restrain to the market.

On the contrary, strict government policies such as Leadership in Energy and Environmental Design (LEED), has compelled the manufacturers to make products with no or low volatile organic compound (VOC) levels to minimize the after-effects and threats of adhesives and sealants, which is expected to create ample opportunities for the market players in the coming years.

Market Segmentations and Scope of the Study:

The adhesives and sealants market share is segmented on the basis of technology, product type, application, and geography. On the basis of technology, the market is divided into water-borne, solvent-borne, reactive, hot melt, and others. On the basis of product type, the market is classified into acrylic, PVA, polyurethane, silicones, styrenic block, epoxy, EVA, UV adhesives, modified silane polymer, and others.

On the basis of application, the market is categorized into packaging, construction, electronic & electrical, aerospace, furniture, footwear, automotive, and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions such as North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Asia-Pacific accounted for major share in adhesives and sealants market in 2021. This is attributed to factors such as low investment requirement to establish manufacturing units, cheap labor cost, and availability of affordable adhesive & sealant products in the region. Also, the presence of emerging economies along with increasing industries in the countries such as Japan, China, India, Vietnam, and Taiwan are the factors that drive the growth of the market in this region.

Additionally, North America is expected to show a steady rise in the adhesives and sealants market due to the presence of top market players such as H.B. Fuller Company, Dow, RPM International Inc., and PPG Industries. Also, easy availability of sustainable products that cause less harm to human body is expected to drive the growth of the adhesives and sealants market in this region.

Companies in this region are utilizing flexible packaging to save packaging cost. In addition, growing sectors such as food and beverage, consumer goods, and cosmetics are inventing new products, increasing production, and designing aesthetic packaging to attract attention of consumers which is increasing the demand for adhesives and sealants in the region.

Competitive Landscape

Various market players operating in the global adhesives and sealants industry include Henkel AG & Co. KGaA, 3M Company, Sika AG, Arkema S.A. (Bostik), H.B. Fuller Company, Dow Inc., Avery Dennison Corporation, Nitto Denko Corporation, RPM International Inc., Wacker Chemie AG, MAPEI S.p.A., Lintec Corporation, Illinois Tool Works Inc. (ITW), Soudal N.V., Pidilite Industries Limited, Huntsman Corporation, Aica Kogyo Co., Ltd., tesa SE, DuPont de Nemours, Inc., Nan Pao Resins, among others. These market players are adopting the acquisition strategy to maintain their dominance in the adhesives and sealants market.

For instance, in February 2022, Arkema S.A announced the acquisition of Shanghai Zhiguan Polymer Materials (PMP) to expand its adhesives engineering techniques in the booming electronics industry. Also, in April 2021, Sika AG announced the acquisition of Hamatite to strengthen its position in the Japanese market by offering adhesives and sealants for construction and automotive industries.

Key Benefits

• The adhesives and sealants market report provides the quantitative analysis of the current market and estimations from 2022 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises of a deep dive analysis of the adhesives and sealants market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints and opportunities and their impact on the adhesives and sealants market is provided in the report.

• The competitive analysis of the market players along with their market share in the adhesives and sealants market is mentioned.

• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.

• The value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Key Market Segments

By Product Type

• Adhesives

  • Water-based

    • Polyvinyl Acetate (PVA)

    • Vinyl Acetate Ethylene (VAE)

    • Acrylic Polymer

    • Styrenic Block Copolymer (SBC) Latex

    • Polyurethane Dispersion (PUD)

  • Solvent-based

    • Polyurethane

    • Acrylic

    • Chloroprene Rubber (CR)

    • Synthetic Rubber

  • Hot-melt

    • Ethylene-Vinyl Acetate (EVA)

    • Styrenic Block Copolymer (SBC)

    • Polyolefin (PO) & Metallocene Polyolefin (mPO)

    • Polyamide (PA)

  • Reactive

    • Epoxy

    • Polyurethane

    • Cyanoacrylate

    • Methyl Methacrylate (MMA)

    • Anaerobic

    • Silicone

  • Pressure Sensitive Adhesives (PSA)

  • Other Adhesives

• Sealants

  • Silicone

  • Polyurethane

  • Acrylic (Emulsion)

  • Polysulfide

  • Hybrid/Polymer

  • Butyl & Bitumen

  • Other Sealants

By Form & Packaging

• Bulk (IBC & Drums)

• Pails & Pouches

• Cartridges & Tubes

• Small Consumer Packs

• Pre-applied Tapes & Films

By Sales Channel

• OEM & Direct Industry Sales

• Distributors & Wholesalers

• Retail & DIY Stores

• E-commerce

• Converters & Formulators

By End-Use Industry

• Building & Construction

  • Glazing & Curtain Wall

  • Flooring & Roofing

  • Insulation & Panels

• Packaging

  • Corrugated Packaging

  • Flexible Packaging

  • Labels & Tapes

• Automotive & Transportation

  • Body-in-White & Structural

  • Interior Assembly

  • Powertrain & EV Batteries

• Woodworking & Furniture

  • Panel Lamination

  • Furniture Assembly

• Electronics & Electrical

  • Encapsulation & Potting

  • Component Bonding & Assembly

• Consumer & DIY

• Healthcare & Medical

• Footwear & Leather

• Aerospace & Defense

• Energy & Marine

• Other Industries 

By Geography

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Henkel AG & Co. KGaA

• 3M Company

• Sika AG

• Arkema S.A. (Bostik)

• H.B. Fuller Company

• Dow Inc.

• Avery Dennison Corporation

• Nitto Denko Corporation

• RPM International Inc.

• Wacker Chemie AG

• MAPEI S.p.A.

• Lintec Corporation

• Illinois Tool Works Inc. (ITW)

• Soudal N.V.

• Pidilite Industries Limited

• Huntsman Corporation

• Aica Kogyo Co., Ltd.

• tesa SE

• DuPont de Nemours, Inc.

• Nan Pao Resins

Report Scope and Segmentation