The Global Adhesives and Sealants Market is estimated to reach USD 64.4 Billion by 2025 at a CAGR of 4.8 %, predicts forencis research (FSR).
Adhesives are a group of nonmetallic compounds, which are used to bind the surfaces by means of adhesive bonding processes. Whereas, sealants are referred to as the substances that are used to block the passage or gaps amongst any two materials. These substances are formulated by mixing the additives such as fillers, pigments, plasticizers to deliver the desired outcome with desired requirement. Among both, the adhesives possess higher strength whereas, sealant have longer elongation. These adhesives and sealants are widely used in automotive and transportation, packaging, construction, healthcare, electronics and many other industries.
Market Drivers:
The demand for adhesives and sealants are escalating worldwide owing to the rise in the adoption in the automotive and construction sector. Higher demand for stronger adhesives and fast curing sealants across the construction and automotive sector to the boost efficiency in lesser time is another factor fueling the growth of this market. Ongoing urbanization, betterment in living standard, growing global population, with an increase in spending over construction sector is anticipated to push the market growth uphill. The growing construction activities in the developing and developed economies is projected to raise the demand for adhesives and sealants. As per the Global Construction 2030 report, by 2030 the volume of the global construction is expected to grow by 85%, wherein, China, US and India, would account for 57% of the global growth.
Aforementioned factors are expected to the drive the global adhesives and sealants market during the forecast period.
Adhesives and sealant are crucial in the modern packaging owing to advent of new materials. The packaging industry is predominantly growing owing to the increasing penetration of internet, leading to rise in e-commerce sector. Increasing adoption of reusable and sustainable packaging with the growing demand for innovative packaging solutions is boosting the growth of packaging sector. Increasing usage of adhesives and sealants in the packaging applications for better protection is projected to push the market growth.
Thus, the growth in the packaging sector is likely to upsurge the market growth during the forecast period.
Market Restraints:
The environmental issues are the key point of concern for the entire world and has gained importance since last few years. For adhesives and sealants market, regulation over the VOC emissions imposed by the governments of emerging and emerged markets is expected to act as a roadblock. The key manufacturers need to meet the safety standards while manufacturing the adhesives and sealants for varied application areas, in order to minimize the VOC emissions. For instance, the Environmental Protection Agency (EPA) has imposed restriction on the manufacturing and sale of the certain adhesives and sealants with the prime focus to reduce the VOC content.
Hence, the stringent regulation to limit VOC emissions is projected to hamper the market growth in the upcoming timespan.
Adhesives And Sealants Market: Report Scope
The report on the adhesives and sealants market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
|---|---|
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Historical/Estimated/Forecasted Market Size Years |
2018-2025 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2025 (2020 estimated year, forecasted up to 2025) |
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Measured Units |
Value (USD Million) Volume (Kiloton) |
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Segments Included |
Source, Resin, Adhesive Type, |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa and South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
Adhesives and Sealants Market, by Source
Adhesives and Sealants Market, by Resin
Adhesives and Sealants Market, by Adhesive Type
Adhesives and Sealants Market, by Application
Adhesives and Sealants Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Soaring Demand from Automotive and Construction Sector
4.2.2. Growing Packaging Sector
4.3 Restraints
4.3.1. Environmental Regulation
4.4 Opportunities
4.4.1. Emergence of Bio-based Adhesives and Sealants
4.5 Challenges
4.5.1 Imbalance between supply and demand of raw materials
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 ADHESIVES AND SEALANTS MARKET, BY SOURCE, Market Size in USD Million and Kiloton (2018—2025)
6.1 Natural
6.2 Synthetic
7 ADHESIVES AND SEALANTS MARKET BY RESIN, Market Size in USD Million and Kiloton (2018—2025)
7.1 Introduction
7.2 Polyurethane
7.3 Acrylic
7.4 Epoxy
7.5 Polyvinyl Adhesives (PVA)
7.6 Rubber
7.7 Cyanoacrylates
7.8 Silicone
7.9 Others
8 ADHESIVES AND SEALANTS MARKET BY ADHESIVE TYPES, Market Size in USD Million and Kiloton (2018—2025)
8.1 Reactive Adhesives
8.2 Non-reactive Adhesive
8.2.1 Drying Adhesive
8.2.2 Pressure Sensitive Adhesives
8.2.3 Contact Adhesives
8.2.4 Hot Melt Adhesives
9 ADHESIVES AND SEALANTS MARKET BY APPLICATION, Market Size in USD Million and Kiloton (2018—2025)
9.1 Introduction
9.2 Automotive and Transportation
9.3 Packaging
9.4 Construction
9.5 Furniture and Wood Related Products
9.6 Medical
9.7 Electronics
9.8 Consumer Goods
9.9 Paints and Coatings
9.10 Others
10 ADHESIVES AND SEALANTS MARKET BY REGION, Market Size in USD Million and Kiloton (2018—2025)
10.1 North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
10.2 Europe
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. UK
8.2.5. Spain
8.2.6. The Netherlands
8.2.7. Rest of Europe
10.3 Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Taiwan
8.3.6. Rest of Asia-Pacific
10.4 Middle East & Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Rest of Middle East
10.5 South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
11 COMPETITIVE LANDSCAPE
11.1 Introduction
11.2 Market Ranking/Share Analysis of Key Companies
11.3 Company Benchmarking
12 COMPANY PROFILES
12.1 3M Company
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products/Solutions/Services Offered
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.2 BASF SE
12.3 PPG Industries
12.4 Sherwin-Williams Company
12.5 Sika AG
12.6 Arkema S.A
12.7 Evonik Industries
12.8 H.B. Fuller Company
12.9 E I Du Pont De Nemours
12.10 Other Key Companies
13 APPENDIX
13.1 Key Industry Expert Insights
13.2 Primary Discussion Guide
13.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
