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

[184 Pages Report] 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.

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.

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

• Form: Rising preference for liquid form of adhesive & sealant

  Adhesive & sealant films are offered in rolls or pre-cut lengths or shapes and in thicknesses between 2 and 8 mm for distinctive applications. Dry film adhesives provide a clean, hazard-free process with minimal waste and significant film thickness control. The liquid is the common form of adhesive & sealant and is one of the easiest to apply; however, it can leak or sag during the curing process. Liquid forms are generally fluidic materials at room temperature, and when they are applied on a joint surface, they dry after a certain period. Paste forms of adhesive & sealants are often high in viscosity, making them difficult to spread during the curing period. Paste form is ideal for adhesions requiring gap filling and is usually applied using tools such as a caulking gun. Furthermore, adhesives & sealants in pellets are typically hot melt or thermosetting adhesives & sealants and are usually inserted into a hot melt gun or melted and sprayed. The pellet form of the hot melt adhesive offers the further advantage of being easily stored, dispensed, and handled. Solid forms of adhesive & sealants are available in powder, pearls, sticks, or cartridges, forming a weld after melting. The solid adhesive & sealants provide strength according to different factors, including cohesion, adhesion, shape, and thickness of the adhesive layer and the penetration depth of the material by an adhesive substance.

• Product Type: Increasing demand for epoxy and polyurethane adhesives in construction industry

  Acrylic adhesive is a resin-based compound composed of acrylic or methacrylic polymers. They are solid and efficient in bonding multiple objects and are environmentally resistant. Epoxy and polyurethane adhesives provide high strength, excellent bonding properties, and resistance to chemicals and moisture. They are commonly used in aerospace, marine, electrical, construction, and automotive industries due to their ability to bond different materials, including metals, composites, and plastics. Ethylene-vinyl acetate (EVA) is a copolymer adhesive commonly used in the packaging, paper, and assembly industries, as it bonds to various cellulosic materials. Polyvinyl acetate is used for porous materials, such as wood, paper, and cloth. Styrene block copolymers (SBCs) offer cohesion, strength, and heat resistance for pressure-sensitive and non-pressure-sensitive adhesives (PSAs). Moreover, sealant products include acrylic sealants commonly used to seal household joints, such as stairs, skirting boards, and floorboards. Polyurethane sealers are flexible and modifiable construction sealants suitable for several surfaces, such as wood, metal, plastic, masonry, aluminum, and stucco. Polyvinyl acetate sealants have the same base latex resin used in wood glues, providing a low-performance, inexpensive sealant that dries to a hard, rigid seal. Silicone sealant is generally used to create an airtight or watertight seal at the joint between two surfaces.

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Adhesives & Sealants Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

The value chain of the Adhesives & Sealants Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of theAdhesives & Sealants Market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

The regulatory framework analysis for the Adhesives & Sealants Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

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.

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).

• 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. [Published On: May 22, 2023]

• 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. [Published On: May 18, 2023]

• 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. [Published On: May 12, 2023]

The report delves into recent significant developments in the Adhesives & Sealants Market, highlighting leading vendors and their innovative profiles. These include Huntsman International LLC, LANXESS AG, PPG Industries, Inc., Wacker Chemie AG, The Dow Chemical Company, Arkema Group, Akzo Nobel N.V., Shin-Etsu Chemical Co., Ltd., Braskem S.A. by Novonor, Sunstar Group, Eastman Chemical Company, Brenntag SE, LyondellBasell Industries N.V., Pidilite Industries Limited, Henkel AG & Co. KGaA, Uniseal, Inc., TE Connectivity Ltd., Jowat SE, Solvay SA, Franklin International, RPM International Inc., LIQUI MOLY USA Inc., Sumitomo Seika Chemicals Company, Limited, LINTEC Corporation, Master Bond Inc., BASF SE, Mapei S.p.A., Evonik Industries AG, Clariant AG, Permabond LLC, Mitsui Chemicals, Inc., INEOS AG, Eurochem, DuPont de Nemours, Inc., Cabot Corporation, 3M Company, Mitsubishi Chemical Corporation, China Petrochemical Corporation, Adhesives Research, Inc., DuluxGroup Ltd., Parker-Hannifin Corporation, Soudal Holding N.V., DELO Industrie Klebstoffe GmbH & Co. KGaA, Sika AG, Illinois Tool Works Inc., Avery Dennison Corporation, Exxon Mobil Corporation, Toray Industries, Inc., H.B. Fuller Company, and Dymax Corporation.

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

1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

1. What is the current market size and projected growth?
2. Which products, segments, applications, and regions offer promising investment opportunities?
3. What are the prevailing technology trends and regulatory frameworks?
4. What is the market share and positioning of the leading vendors?
5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?