Adhesives and Sealants Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Resin Type [Adhesives (Epoxy, Polyurethane, Acrylic, and Others), and Sealants (Silicone Sealant, Uretha

Adhesives and Sealants Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Resin Type [Adhesives (Epoxy, Polyurethane, Acrylic, and Others), and Sealants (Silicone Sealant, Urethane Sealant, Acrylic Sealant, Polysulfide Sealant, and Others)], by End-Use Industry (Automotive, Aerospace, Paper and Packaging, Building and Construction, Electrical and Electronics, Medical, and Others)

The global adhesives and sealants market valued at US$ 55.98 billion in 2022 and is expected to reach US$ 77.59 billion by 2030. It is expected to grow at a CAGR of 4.2% from 2022 to 2030.

Adhesives are utilized in many industries including in automotive, construction, paper & packaging, and building & construction for bonding of two similar or distinct materials. The properties of adhesives enable application on distinct surfaces such as metals, plastics (thermosets and thermoplastics), composites, elastomers, wood & wood products, glass & ceramics, and sandwich & honeycomb structures. Sealants are used for sealing gap between the substrates. Various sealant products are available, each designed for a different application, including structural applications for structural glazing or bonding facade elements. The adhesives and sealants market is expected to grow owing to the growing automotive and construction industry during the forecast period.

Based on end-use industry, the global adhesives and sealants market is segmented into automotive, aerospace, paper and packaging, building and construction, electrical and electronics, medical, and others. In 2022, the building and construction segment held the largest market share. Paper and packaging segment is expected to be the fastest growing segment during the forecast period. Adhesives and sealants are significantly utilized in the paper and packaging industry. Adhesives are used for laminating paper and cardboard, gluing labels, and lining food packages such as beverage cans. The adhesives used in paper and packaging are mainly divided into hotmelts, waterborne, and solvent-based systems. As manufacturers opt for sustainability and reduced environmental impact, hotmelts, waterborne packaging, and paper adhesives are gaining strong traction.

The global adhesives and sealants market is segmented into Asia Pacific, Europe, Middle East & Africa, North America, and South & Central America. In 2022, Asia Pacific held the largest share of the global adhesives and sealants market and is expected to grow at the fastest CAGR during the forecast period. The adhesives and sealants market in Europe accounted for significant share. The surge in investments by European governments and private companies in infrastructure building and construction projects is driving the growth of the adhesives and sealants market. According to the European Construction Industry Federation, in 2020, the European Union (EU) invested US$ 1.4 trillion in the construction industry, and the investment in the industry was reported to increase by 4.2% in 2021. Germany, France, the UK, Italy, and Spain accounted for more than 70% of the EU's total investments in the construction of buildings and other structures. Thus, the growing efforts from the manufacturers and increased demand for adhesives and sealants from different industries drive the adhesives and sealants market in Europe.

Henkel AG and Co KGaA, HB Fuller Company, Sika AG, 3M Co, Huntsman International LLC, Dow Inc, Wacker Chemie AG, Parker Hannifin Corp, Dymax Corporation, and Astro Chemical Company Inc, are among the key players in the global adhesives and sealants market. These companies are adopting strategies such as mergers & acquisitions and product launches to expand their geographic presence and customer base.

The overall global adhesives and sealants market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants, including valuation experts, research analysts, and key opinion leaders—specializing in the global adhesives and sealants market.