Press release
Adhesives & Sealants Market to Expand USD 33.3 billion by 2030
Adhesives & Sealants Market
The use of smartphones and the advancement of technology are expected to fuel demand for these products in the market. Sustainable products are increasingly in demand due to consumer awareness of green construction and eco-friendly buildings.
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Advanced sealants and adhesives are likely to benefit greatly from nanotechnology. Incorporating nanomaterials may improve properties like adhesion, barrier, and resistance to the environment. Smart technologies and the Internet of Things (IoT) will increase the need for adhesives and sealants for sensors and electronic components. Besides conducting electricity, these smart adhesives may be capable of controlling temperatures or protecting electronic devices against electrical surges.
Key Findings of the Market Report
Acrylic is expected to be the dominant product segment in the market. Growing construction activities and investments in infrastructure will result in a rise in demand for these products.
The growing demand for automobiles and batteries in the market is expected to drive demand for battery production applications.
A rise in healthcare expenditures and a significant increase in healthcare products is expected to drive demand for sealants & adhesives.
Revenue in the adhesive and sealants market is expected to increase as government regulations and safety standards are improved.
Consumer durables are experiencing rapid growth, which is likely to boost sealant market growth.
Global Adhesives & Sealants Market: Growth Drivers
Sealants and adhesives are highly reliable and durable medical devices that offer resistance to high temperatures, ultraviolet light, and sterilization cycles, among others. The rising investments in the medical industry will therefore contribute to market growth.
Water-based products continue to grow in demand, forcing many major manufacturers to increase production capacity for the coming years. Different industries such as food and beverage and packaging operations are expected to increase adhesive & sealant demand in the coming years.
Governments' continuous investment in infrastructure projects, combined with the growing use of adhesives designed to withstand high temperatures in the automotive industry, will benefit the global adhesives market. Globally, government regulations are encouraging the use of eco-friendly adhesives and sealants, allowing manufacturers to expand their product line.
Global Adhesives & Sealants Market: Regional Landscape
Adhesives & sealants are expected to be most popular in North America. Government regulations promoting VOC-free content as well as the growth of the packaging industry drive the adhesives and sealants market in North America. Increasing e-commerce activities and demand for portable packaged products are driving sealants market demand in the United States.
The United States government in infrastructure and construction to stimulate the economy is investing a significant amount of money. In the coming years, North America should experience strong growth due to these factors.
Asia Pacific region is expected to be the dominant region for adhesives & sealants in the market. Growing disposable incomes and increasing production facilities are driving the Asia-Pacific sealants and adhesives market. In addition, the demand for electric vehicles in India and the rapid growth of packaging consumption drive the adhesive and sealant market in India.
Global Adhesives & Sealants Market: Key Players
Companies are focusing on customer acquisition, mergers and collaborations, and launching new products in the future. Several other key developments are outlined below:
The global adhesives and sealants industry is dominated by several notable companies, including Illinois Tool Works Inc., KGaA, Sika AG, RPM International Inc., The 3M Company, Dow Inc., Huntsman International LLC, Henkel AG and Co., H.B. Fuller Company, Ashland, Avery Dennison Corporation, KCC Corporation, Bostik SA, and others.
Global Adhesives & Sealants Market: Segmentation
By Adhesive Type
Acrylic
Epoxy
Poly Vinyl Acetate (PVA)
Polyurethane (PU)
Styrenic Block
Ethyl Vinyl Acetate (EVA)
UV Adhesive
Silicone
Others (including Cyanoacrylate and Hot-melt)
By Sealant Type
Acrylic
Epoxy
Poly Vinyl Acetate (PVA)
Polyurethane (PU)
Modified Silane Polymer (MS)
Silicone
Others (including Cyanoacrylate and Hot-melt)
By Application
Electronics & Electrical
Appliance Manufacturing
Aerospace Manufacturing
Battery Production
Automotive Assembling
Others (including Conformal Coatings and Wire Tracking)
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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