The Adhesives & Sealants Market is expected to grow from USD 59 billion in 2020 to USD 84.4 billion by 2026 at a CAGR of 5.3% from 2020 to 2026.
An adhesive is a chemical mixture which binds two surfaces together to form a single unit, whereas a sealant is a semisolid material used to stop fluid leakage. Adhesives and sealants are prepared with same chemicals and technologies, and are used in a related set of applications. Although they are regarded as a single industry, their performance is different across end applications. Adhesives have greater shear and stability, which makes the material suitable for holding- and bonding-associated applications. On the other hand, sealants fill cracks and withstand relative movement of substrates. The expanding construction and automobile industry propels the surge in demand for Adhesives and sealants market. The rising demand from the packaging industry is also accelerating the market forward. In the transportation industry, adhesives and sealants are being used in the place of mechanical fasteners such as welds, rivets, screws and gaskets; this assists in the production of lightweight and compact vehicles at a relatively lower cost. The durability of the adhesive bond highly based on adhesive properties. It can support in controlling the strength of the bond. Furthermore, the glass building construction needs the use of sealants in the panels, for a strong structure. The market is majorly propelled by the significant growth and demand in the packaging industry owing to the immense demand and growth of the food and package industry. The rules and production of better biodegradable Adhesives and sealants market have a positive impact on the environment. On the other hand, the implementation of stringent government regulations associated to the environmental issues and VOC emissions, along with volatile raw material costs are few factors restraining growth of the market
Furthermore, the stringent regulations by the USEPA (the United States Environmental Protection Association), Europe’s Registration, Evaluation, Authorisation and Restrictions of Chemicals (REACH), Leadership in Energy and Environmental Design (LEED), and other regional regulatory authorities have driven adhesive & sealant manufacturers to make environmental-friendly products with low-VOC levels. The inclination towards more sustainable products has provided the manufacturers with major growth opportunities. There is a surging demand for eco-friendly or green buildings, which provides an opportunity for the development of green and sustainable adhesive solutions. Green adhesive solutions are prepared from renewable, recycled, remanufactured, or biodegradable materials; they are eco-friendly and offer health benefits to the occupants.
The global Adhesives & Sealants Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Adhesives & Sealants Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Henkel AG and Co. KGaA, Sika AG, Arkema S.A. (Bostik), RPM International Inc., KCC Corporation and others are among the major players in the global Adhesives & Sealants Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Adhesives & Sealants Market has been segmented as below:
Adhesives & Sealants Market, By Adhesive Type
Adhesives & Sealants Market, By Sealant Type
Adhesives & Sealants Market, By Technology
Adhesives & Sealants Market, By Application
Adhesives & Sealants Market, By Region
Adhesives & Sealants Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Adhesives & Sealants Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Adhesives & Sealants Market share. Major industry players with significant revenue share include Henkel AG and Co. KGaA, Sika AG, Arkema S.A. (Bostik), RPM International Inc., KCC Corporation and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Adhesives & Sealants Market, By Adhesive Type
5.1. Key Points
5.2. Acrylic
5.3. PVA
5.4. Polyurethanes
5.5. Styrenic Block Copolymers
5.6. Epoxy
5.7. EVA
5.8. Others
6. Adhesives & Sealants Market, By Sealant Type
6.1. Key Points
6.2. Acrylic
6.3. Silicone
6.4. Polyurethane
6.5. Butyl
6.6. Others
7. Adhesives & Sealants Market, By Technology
7.1. Key Points
7.2. Water-Based
7.3. Solvent-Based
7.4. Hot Melt
7.5. Reactive
7.6. Others
8. Adhesives & Sealants Market, By Application
8.1. Key Points
8