Market Research Report
Adhesives and Sealants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
|Adhesives and Sealants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026|
Published: August 2, 2021
IMARC Services Private Limited
Content info: 146 Pages
Delivery time: 2-3 business days
The global adhesives and sealants market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Adhesives and sealants refer to various sticking agents that are used for attaching two or more surfaces. Adhesives are chemical mixtures that are applied between two or more objects or materials to hold, fasten or bind them together. They have high shear and tensile strength and the bond could be temporary, semi-permanent or permanent. On the other hand, sealants are semi-solid materials that are primarily used to prevent fluid leakage. They seal components and joints by filling the gaps between substrates to provide a barrier or protective coating. Both adhesives and sealants are based on a variety of formulations, including organic, inorganic, acrylic-, polyurethane- and silicone-based and are commonly used on materials, such as metals, wood, glass and plastics.
Significant growth in the automotive, aerospace, construction, electronics and packaging industries is one of the key factors creating a positive outlook for the market. Furthermore, the increasing requirement for adhesives and sealants for bonding dissimilar materials is also providing a boost to the market growth. These binding agents are rapidly replacing mechanical fasteners, such as welds, screws, rivets, gaskets and fasteners, thereby enabling the product manufacturers to produce lightweight and compact components. Also, in the construction industry, they are increasingly being used for flooring, waterproofing and plumbing applications. Additionally, various product innovations, such as the development of water-based adhesives and organic solvents that are environment-friendly and exhibit higher bonding strength, are contributing to the market growth. Other factors, including increasing product utilization for packaging and furnishing applications, along with extensive infrastructural development across the globe, are expected to drive the market further.