Market Research Report
Global Adhesives & Sealants Market Outlook, 2027
|Global Adhesives & Sealants Market Outlook, 2027|
Published: May 4, 2022
Bonafide Research & Marketing Pvt. Ltd.
Content info: 181 Pages
Delivery time: 1-2 business days
According to the report title "Global Adhesive & Sealant Market Outlook, 2027", published by Bonafide Research, the Adhesive & Sealant is expected to reach more than $64 Billion in the year 2021. It is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2027. Adhesives & sealants have multiple application, such as building & construction, automotive & transportation, healthcare, paper & packaging, consumer/DIY, and, among others, is fueling the growth of the adhesives & sealants market.
Adhesives & Sealants are made from a composition of resins, additives, and solvents. It has strong and tensile strength, making them viable bonding material for high-pressure situations and the combination of adhesives & sealants is solely dependent on its end-use. An adhesive is used to bond two surfaces together for an indefinite length of time and varying amounts of stress. It has strong & tensile strength, making them viable bonding material for high-pressure situations. Whereas, a sealant is commonly less in strength compared to an adhesive and is often used to fill gaps and resist the relative movement of the surfaces to which they are applied. The market is segmented by adhesive formulating technology, sealant resin type, end-user applications, and geography. By formulating technology, the market is segmented into the water-based, solvent-based, hot melt, reactive and other technologies. By sealant resin type, the market is further segmented into silicone, polyurethane, acrylic, polyvinyl acetate, and other resin types. By application, the market is bifurcated into building & construction, automotive & transportation, healthcare, paper & packaging, consumer/DIY, woodworking, footwear and leather, electrical and electronics and other end-user industries. Geographically the market is segmented into region-wise and country-wise.
Region-wise, Europe and North America are together contributing more than 50% to the global market. Whereas, the Asia Pacific contributed the highest market share approx. 33% and continues to dominate with 5.8% of CAGR in future. In the Asia Pacific region, The Increasing demand from industries, such as construction, packaging, and electronics in the countries such as China, India, and Japan. China is the leading country in the global market with a market share of approx. 17% and India is the fastest-growing country throughout the forecasted period. In the Middle East & Africa region, Saudi Arabia is dominating the market and anticipated 4.6% CAGR till 2027. In adhesive formulating technology, Water-based technology leading the market with approx. 39% in 2021 and hot-melt technology has the highest CAGR of 6.5% till 2027. In sealant resin type, silicone and polyurethane are together contributing approx. 58% in 2021. The paper and packaging end-use industry is the largest consumer of the adhesives and sealants market. The packaging industry has been witnessing strong demand such as consumer goods, food and beverages, cosmetics, stationery, and other end-user industries.
Impact of Covid-19 on Adhesive & Sealant Market:
In 2020, Due to the Covid-19 pandemic and disrupted the supply chain had a negative impact on the market but is after December-2020, the market is growing steadily in the forecast period owing to growth in Healthcare, automotive and construction activities across the world.
Major Companies present in the market:
Henkel AG, 3m Inc. , Sika AG, H.B. Fuller Company, Arkema S.A., Huntsman Corporation, Illinois Tool Works Inc., Wacker Chemie AG, DuPont De Nemours, Inc., Pidilite Industries Limited, Avery Dennison Corporation, Dow Inc., Ashland Global Specialty Chemicals Inc.
Considered in this report
Aspects covered in this report
Regions & Countries covered in the report
By Type in the report:
By Formulating Technology in the report:
By Resin Type in the report:
By Application Type in the report:
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
This report can be useful to industry manufactures, consultants, Key vendors related to Adhesive & Sealant industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
This report would help you answer the following questions: