Sticking substances like adhesives and sealants are frequently used to unite or adhere two or more surfaces. Particularly, adhesives are chemical concoctions used to hold, fix, or bind materials or objects. They are renowned for having extremely high tensile and shear strengths. Sealants are semi-solid compounds that are mostly used to close gaps, stop fluid leaks, and impede substrate relative movement. Both adhesives and sealants are produced utilizing a combination of related chemicals and technology and have a wide range of end-user sectors in which they are utilized. During the projected period of 2022–2030, the global adhesives and sealants market is anticipated to develop at a compound annual growth rate (CAGR) of 4.8%.
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Growth Drivers:
The number of construction projects has been steadily expanding both in industrialized and emerging countries of the world, primarily as a result of the world’s growing urbanization and population growth. Along with this, the governments of various regions are putting more of an emphasis on enforcing strict rules that make utilizing eco-friendly items for construction purposes mandatory. As a result, the demand for and use of adhesives and sealants are anticipated to expand significantly in the construction sector over the next years, which is good news for the development of the worldwide adhesives & sealants market.
Additionally, a number of end-user sectors are seen substituting adhesives for traditional joining processes in order to significantly reduce the weight of the finished goods. For instance, to reduce the overall weight of the car, the automobile industry is progressively substituting adhesives and sealants for welding during the assembling of engine parts. Similar to how the use of adhesives and sealants is growing in one end-use industry after another, so too is the market for these products worldwide.
Additionally, during the forecast period, the global adhesives & sealants market is anticipated to grow as a result of the expanding end-user industries, soaring demand for packaged food and consumer durables, expanding use of bio-based adhesives, rising consumer awareness of green building practices, and expanding infrastructural development globally.
Adhesives & Sealants Market Segmentation:
By Adhesive Type:
· Water-based Adhesives
o Vinyl Acetate
o Vinyl Acetate Copolymer
o Acryl Emulsion
o Others
· Solvent-based Adhesives
o Vinyl Acetate
o Resins
o Rubber
o Others
· Hot Melt Adhesives
o Ethylene Vinyl Acetate (EVA)
o Rubber
o Others
· Pressure-sensitive Adhesives
o Acryl
o Rubber
o Others
o Others (Reactive Adhesives, Formaldehyde Adhesives)
By Sealant Resin Type:
· Silicone
· Polyurethane
· Acrylic
· Plastisol
· Emulsion
· Polysulfide
· Butyl
· Others
By Application:
· Paper & packaging
· Building & construction
· Woodworking
· Consumer & DIY
· Automotive & transportation
· Leather & footwear
· Assembly
· Medical
· Electronics
· Others
By Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa
Key Companies in Adhesives & Sealants Market:
The research report offers a competitive analysis of prominent companies operating in the global adhesives & sealants market. Some of the leading players profiled in the market research report include:
· Sika AG
· Pidilite Industries
· 3M Company
· Arkema
· Henkel AG
· H.B. Fuller
· Illinois Tool Works Inc.
· Avery Dennison Corporation
· Wacker Chemie AG
· RPM International Inc.
· PPG Industries
· Other Players
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