Adhesives And Sealants Market Competition by Manufacturers 2030

Adhesives & Sealants Market Growth & Trends

The global adhesives & sealants market size is expected to reach USD 107.27 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.9% from 2022 to 2030. Rising investments in construction and infrastructure is projected to play a key role in the expansion of the global adhesive & sealants industry.

Adhesives & Sealants Market Segmentation

Grand View Research has segmented the global adhesives market based on product, technology, application, and region; and segmented the global sealants market based on product, application, and region, as follows

Based on the Technology Insights, the market is segmented into Water based, Solvent based, Hot melt, Reactive & other.

• Reactive & others segment held the largest share of over 48% in the global adhesives market, in terms of volume. Reactive technology-based products offer several advantages and thus are the key factors behind the growth of the segment. These advantages include high manufacturing speeds owing to short stetting time, higher heat resistance, and strong adhesion properties to a wide range of substrates hot-melt segment is anticipated to grow at a lucrative pace from 2022 to 2030. Within the textiles & fabrics industry, the use of polyester hot melt adhesives started gaining prominence in the last decade. The wider use of the product was observed in the cotton, wool, and fabrics sub-sector over the last few years. The reason being the product greatly improves the anti-pilling performance of cotton-woven fabrics while enhancing the elastic recovery rate of the fabric.
• The use of hot melt adhesive products in the dashboard of automotive vehicles increasingly becoming popular across the globe. These products find applications in the dashboard wherein it offers reduced vibrations coupled with greater insulation from the sound. The increased focus to offer soundproof ride is likely to push the product’s penetration in the automotive industry during the forecast period.

Based on the Product Insights, the market is segmented into Acrylic, PVA, Polyurethanes, Styrenic block, Epoxy, EVA, Other, Silicones, Acrylic, Polyvinyl acetate, Others.

• The siliconessegment attracted the highest demand in the sealants market and accounted for a share of over 31.0% in 2021, in terms of volume. The segment is projected to grow on the account of rising construction activities and investments in infrastructure space. The construction of chemical/industrial process plants, stadiums, bridges, museums, concert halls, research facilities, and medical buildings is projected to benefit the expansion of the segment.
• Polyurethane adhesive products exhibit superior properties such as fast curing, good abrasion & chemical resistance, and excellent bond strength on various substrates such as metal, plastic, rubber, wood, and glass. These products are generally based on reactive technology and contain polymers that have urethane linkages. These materials provide solidity, low viscosity, and less cure time to the adhesive.
• Epoxy-based products adhere to a wide variety of materials and their superior properties are dependent on the nature of cross-linking polymers. They provide high resistance to chemicals and environments and high-temperature resistance along with high strength bonding on a variety of substrates. These adhesives are generally based on reactive technology.

Based on the Application Insights, the market is segmented into Paper & packaging, Consumer & DIY, Building & construction, Furniture & woodworking, Footwear & leather, Automotive & transportation, Medical, Other, Packaging, Assembly.

• Paper & packaging was the largest segment in the adhesives industry and accounted revenue share of over 29% in 2021. Flexible packaging is projected to new avenues for market players over the coming years. The sudden rise in healthcare spending positively affected the demand for packaging products on account of the demand for PPE kits, surgical masks, and other healthcare products.
• Building & construction segment is projected to provide numerous opportunities in the industry. This segment in the adhesives & sealants industry is witnessing rapid technological & architectural innovation. Airports, mining facilities, transportation routes & even residential projects are undergoing an immense transformation in order to comply with transitioning standards & specifications.
• Demand for products in the assembly of electrical & electronics components is projected to benefit the global market. China is among the leading countries in the production of various electrical and electronic components at the global level. Investments in emerging technologies such as 5G and IoT are projected to boost the Chinese electrical & electronics industry during the forecast period.

Adhesives And Sealants Regional Outlook

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Key Companies Profile & Market Share Insights

The global adhesives & sealants market is characterized by the presence of medium and large producers, which have local as well as international presences.

Some of the prominent players operating in the global adhesives and sealants market include,

• 3M Company
• Ashland Inc.
• Avery Denison Corporation
• H B Fuller
• Henkel AG
• Sika AG
• Pidilite Industries
• Huntsman
• Wacker Chemie AG
• RPM International Inc.

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