Adhesives and Sealants Market 2023: Share, Historical Analysis and Opportunity Assessment by 2028
IMARC Group’s latest report, titled “Adhesives and Sealants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on adhesives and sealants industry share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global adhesives and sealants market size reached US$ 63.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 85.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
An adhesive joins two surfaces into a single unit, whereas a sealant prevents fluid leakage by forming a semisolid layer between them. Sealants and adhesives are similar in their formulations and used in connected applications, but their purposes differ. While adhesives have higher strength than sealants but are less adaptable to fill gaps and resist relative movement of substrates, sealants have lower strength but higher adaptability and are best suited for holding and bonding applications. Therefore, they are utilized in several industries, such as paper packaging, woodworking, footwear manufacturing, building and construction, and electrical & electronics.
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Market Trends:
The market is primarily driven by the rapid product utilization in the construction sector. This can be attributed to the escalating demand for high-performance polymers and formulations to fill cracks, openings, and seal joints during the construction activities. Moreover, the increasing adoption of specialty adhesives and sealants for the manufacturing and component-building of electrical and electronic gadgets such as smartphones, laptops, and television, is providing an impetus to the market.
In addition to this, the considerable rise in the consumption of packaged food products is resulting in an increased demand for adhesive and sealants for effective product packaging. Furthermore, increasing sales of automotive components in the aftermarket are also acting as a significant growth-inducing factor for the market. Some of the other factors contributing to the market include rapid urbanization and industrialization, changing material consumption, and extensive research and development (R&D) activities.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 3M Company
- Arkema S.A
- Ashland Global Specialty Chemicals Inc.
- Avery Dennison Corporation
- Beardow & Adams (Adhesives) Limited
- Eastman Chemical Company
- B. Fuller Company
- Henkel AG & Co. KGaA
- Sika AG
- Wacker Chemie AG
Adhesives and Sealants Market Segmentation:
Our report has categorized the market based on region, adhesive type, sealant type, technology and application.
Breakup by Adhesive Type:
- Acrylic
- PVA
- Polyurethanes
- Styrenic Block Copolymers
- Epoxy
- EVA
- Others
Breakup by Sealant Type:
- Acrylic
- Silicone
- Polyurethane
- Butyl
- Others
Breakup by Technology:
- Water-Based
- Solvent-Based
- Hot Melt
- Reactive
- Others
Breakup by Application:
- Paperboard and Packaging
- Building and Construction
- Transportation
- Leather and Footwear
- Furniture
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
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