Adhesives & Sealants Market by Form (Film, Liquid, Paste), Product Type (Adhesive Product, Sealant Products), Technology, Application - Global Forecast 2024-2030

Adhesives & Sealants Market by Form (Film, Liquid, Paste), Product Type (Adhesive Product, Sealant Products), Technology, Application - Global Forecast 2024-2030

The Adhesives & Sealants Market size was estimated at USD 71.11 billion in 2023 and expected to reach USD 74.81 billion in 2024, at a CAGR 5.74% to reach USD 105.11 billion by 2030.

An adhesive is a substance that can hold two surfaces together in a strong and functional manner. A sealant is used to block, seal, or close gaps between any materials to prevent the passage of fluid and air through the material. Adhesives & sealants are commonly available and composed of polymers and other substances, including epoxies, silicones, and methacrylates. Adhesives are found to be more durable and rigid than sealants. The increasing number of buildings & infrastructures, the rising utilization of pressure-sensitive adhesives, and the growing adoption of adhesives & sealants from the packaging industry contribute to the market growth. Additionally, growth in the production of vehicles supported by electric vehicle penetration created the need for adhesives & sealants. Furthermore, health & environmental issues associated with the use of adhesives & sealants may limit the market growth. Moreover, advancements in bio-based and sustainable adhesives & sealants containing bio-based & renewable materials can sustainably & economically benefit the market.

Regional Insights

Americas has a significant growth in the adhesives & sealants market as the automotive and construction sectors are the important drivers of demand for adhesives & sealants in the region. ​​Critical trends in the market include the increasing demand for high-performance adhesives & sealants, the growing adoption of lightweight materials in aerospace and automotive industries, and the rising use of adhesives in medical and healthcare applications, creating a lucrative market demand in the region. In Asia-Pacific, the adhesives & sealants market is rapidly growing, attributed to expanding manufacturing and packaging sectors with favorable governmental regulations for regional industrial manufacturing. The region's rapid industrialization, infrastructure development, growing automotive and construction industries, and expanding electronics manufacturing contribute to the market's significant growth prospects. The automotive industry in Europe is a major consumer of adhesives and sealants. The region's strong presence in automotive manufacturing, emphasis on lightweight, and stringent environmental regulations contribute to the sector's demand for advanced adhesives and sealants. In the Middle East, growing construction activities are expected to increase the demand for adhesives & sealants over the forecast period.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Adhesives & Sealants Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Growth in vehicle production supported by high penetration of electric vehicles
    • Increasing utilization of pressure sensitive adhesives (PSA) in building & infrastructure projects
    • Booming eCommerce coupled with increased adoption from the packaging industry
    • Market Restraints
      • Operational issues and limitations related to adhesives & sealants
      • Market Opportunities
        • Expanding benefits of bio-based and sustainable adhesives & sealants
        • Emerging advancements in adhesives & sealants
        • Market Challenges
          • Health & environmental consequences associated with adhesives & sealants
          • Market Segmentation Analysis
            • Form: Rising preference for liquid form of adhesive & sealant
            • Product Type: Increasing demand for epoxy and polyurethane adhesives in construction industry
            • Technology: Expanding adoption of solvent-based adhesives in food packaging industry
            • Application: Growing application of adhesive & sealants in automotive industry
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Adhesives & Sealants Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Adhesives & Sealants Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Henkel Launches a New Injectable Thermally Conductive Adhesive for EV Battery Systems
              
              Henkel AG & Co. KGaA, an innovator in adhesive and sealant technology, recently launched a new thermally conductive adhesive designed to be used in the assembly of electric vehicle (EV) battery systems. This injectable adhesive provides an easy-to-use solution for efficiently joining various components within the EV battery system, which helps ensure that heat generated by the EV battery system is dissipated correctly, thus improving its reliability and durability.
              
              Arkema Acquires Adhesives Manufacturer Polytec PT
              
              Arkema S.A., a French specialty chemicals and advanced materials company, acquired Polytec PT GmbH, a manufacturer of adhesives and sealants. With this move, Arkema S.A. further strengthens its portfolio in the construction adhesives market to strengthen its presence in the North American market. The acquisition also provides access to Polytec PT’s existing range of products and efficient production capabilities. This strategic move aims to enable both companies to better serve their customers by delivering new product solutions and creating value-added services.
              
              Sealonix, Inc. Closes USD 20 Million Financing to Develop Sealant Products for Abdominopelvic and Orthopedic Procedures
              
              Sealonix Inc. closed a USD 20 million financing to develop sealant products for abdominopelvic and orthopedic procedures. Sealants are adhesive substances that can fill gaps, cracks, and crevices in materials to form an air-tight seal. Sealonix Inc.'s new products can potentially improve clinical outcomes related to abdominal and orthopedic procedures, making them a valuable addition to medical supply inventories.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Adhesives & Sealants Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Adhesives & Sealants Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Adhesives Research, Inc., Akzo Nobel N.V., Arkema Group, Avery Dennison Corporation, BASF SE, Braskem S.A. by Novonor, Brenntag SE, Cabot Corporation, China Petrochemical Corporation, Clariant AG, DELO Industrie Klebstoffe GmbH & Co. KGaA, DuluxGroup Ltd., DuPont de Nemours, Inc., Dymax Corporation, Eastman Chemical Company, Eurochem, Evonik Industries AG, Exxon Mobil Corporation, Franklin International, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC, Illinois Tool Works Inc., INEOS AG, Jowat SE, LANXESS AG, LINTEC Corporation, LIQUI MOLY USA Inc., LyondellBasell Industries N.V., Mapei S.p.A., Master Bond Inc., Mitsubishi Chemical Corporation, Mitsui Chemicals, Inc., Parker-Hannifin Corporation, Permabond LLC, Pidilite Industries Limited, PPG Industries, Inc., RPM International Inc., Shin-Etsu Chemical Co., Ltd., Sika AG, Solvay SA, Soudal Holding N.V., Sumitomo Seika Chemicals Company, Limited, Sunstar Group, TE Connectivity Ltd., The Dow Chemical Company, Toray Industries, Inc., Uniseal, Inc., and Wacker Chemie AG.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Adhesives & Sealants Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Form
              • Film
              • Liquid
              • Paste
              • Pellets
              • Solid
              • Product Type
                • Adhesive Product
                  • Acrylic Adhesives
                  • Epoxy
                  • Ethylene-Vinyl Acetate
                  • Polyurethanes Adhesives
                  • Polyvinyl Acetate
                  • Styrenic Block
                  • Sealant Products
                    • Acrylic Sealants
                    • Polyurethanes Sealants
                    • Polyvinyl Acetates
                    • Silicones
                    • Technology
                      • Adhesive Technology
                        • Hot melt
                        • Reactive
                        • Solvent-Based
                        • Water-Based
                        • Sealant Technology
                          • One-Component Sealants
                          • Two-Component Sealants
                          • Application
                            • Adhesive Application
                              • Assembly
                              • Automotive & transportation
                              • Building & Construction
                              • Consumer & DIY
                              • Electronics
                              • Leather & footwear
                              • Medical
                              • Paper & packaging
                              • Woodworking
                              • Sealant Application
                                • Automotive
                                • Building & Constructions
                                • Consumer
                                • Pressure-Sensitive Applications
                              • Region
                                • Americas
                                  • Argentina
                                  • Brazil
                                  • Canada
                                  • Mexico
                                  • United States
                                    • California
                                    • Colorado
                                    • Florida
                                    • Illinois
                                    • Indiana
                                    • Kentucky
                                    • Michigan
                                    • Mississippi
                                    • New York
                                    • Ohio
                                    • Pennsylvania
                                    • Texas
                                    • Asia-Pacific
                                      • Australia
                                      • China
                                      • India
                                      • Indonesia
                                      • Japan
                                      • Malaysia
                                      • Philippines
                                      • Singapore
                                      • South Korea
                                      • Taiwan
                                      • Thailand
                                      • Vietnam
                                      • Europe, Middle East & Africa
                                        • Denmark
                                        • Egypt
                                        • Finland
                                        • France
                                        • Germany
                                        • Israel
                                        • Italy
                                        • Netherlands
                                        • Nigeria
                                        • Norway
                                        • Poland
                                        • Qatar
                                        • Russia
                                        • Saudi Arabia
                                        • South Africa
                                        • Spain
                                        • Sweden
                                        • Switzerland
                                        • Turkey
                                        • United Arab Emirates
                                        • United Kingdom
                                        
                                        
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