Adhesives & Sealants Market by Form, Product Type, Technology, Application

Description

List of Tables

[196 Pages Report] The Adhesives & Sealants Market size was estimated at USD 71.11 billion in 2023 and expected to reach USD 74.81 billion in 2024, at a CAGR 5.74% to reach USD 105.11 billion by 2030.

An adhesive is a substance that can hold two surfaces together in a strong and functional manner. A sealant is used to block, seal, or close gaps between any materials to prevent the passage of fluid and air through the material. Adhesives & sealants are commonly available and composed of polymers and other substances, including epoxies, silicones, and methacrylates. Adhesives are found to be more durable and rigid than sealants. The increasing number of buildings & infrastructures, the rising utilization of pressure-sensitive adhesives, and the growing adoption of adhesives & sealants from the packaging industry contribute to the market growth. Additionally, growth in the production of vehicles supported by electric vehicle penetration created the need for adhesives & sealants. Furthermore, health & environmental issues associated with the use of adhesives & sealants may limit the market growth. Moreover, advancements in bio-based and sustainable adhesives & sealants containing bio-based & renewable materials can sustainably & economically benefit the market.

KEY MARKET STATISTICS
Base Year [2023]	USD 71.11 billion
Estimated Year [2024]	USD 74.81 billion
Forecast Year [2030]	USD 105.11 billion
CAGR (%)	5.74%

Form: Rising preference for liquid form of adhesive & sealant

Adhesive & sealant films are offered in rolls or pre-cut lengths or shapes and in thicknesses between 2 and 8 mm for distinctive applications. Dry film adhesives provide a clean, hazard-free process with minimal waste and significant film thickness control. The liquid is the common form of adhesive & sealant and is one of the easiest to apply; however, it can leak or sag during the curing process. Liquid forms are generally fluidic materials at room temperature, and when they are applied on a joint surface, they dry after a certain period. Paste forms of adhesive & sealants are often high in viscosity, making them difficult to spread during the curing period. Paste form is ideal for adhesions requiring gap filling and is usually applied using tools such as a caulking gun. Furthermore, adhesives & sealants in pellets are typically hot melt or thermosetting adhesives & sealants and are usually inserted into a hot melt gun or melted and sprayed. The pellet form of the hot melt adhesive offers the further advantage of being easily stored, dispensed, and handled. Solid forms of adhesive & sealants are available in powder, pearls, sticks, or cartridges, forming a weld after melting. The solid adhesive & sealants provide strength according to different factors, including cohesion, adhesion, shape, and thickness of the adhesive layer and the penetration depth of the material by an adhesive substance.

Product Type: Increasing demand for epoxy and polyurethane adhesives in construction industry

Acrylic adhesive is a resin-based compound composed of acrylic or methacrylic polymers. They are solid and efficient in bonding multiple objects and are environmentally resistant. Epoxy and polyurethane adhesives provide high strength, excellent bonding properties, and resistance to chemicals and moisture. They are commonly used in aerospace, marine, electrical, construction, and automotive industries due to their ability to bond different materials, including metals, composites, and plastics. Ethylene-vinyl acetate (EVA) is a copolymer adhesive commonly used in the packaging, paper, and assembly industries, as it bonds to various cellulosic materials. Polyvinyl acetate is used for porous materials, such as wood, paper, and cloth. Styrene block copolymers (SBCs) offer cohesion, strength, and heat resistance for pressure-sensitive and non-pressure-sensitive adhesives (PSAs). Moreover, sealant products include acrylic sealants commonly used to seal household joints, such as stairs, skirting boards, and floorboards. Polyurethane sealers are flexible and modifiable construction sealants suitable for several surfaces, such as wood, metal, plastic, masonry, aluminum, and stucco. Polyvinyl acetate sealants have the same base latex resin used in wood glues, providing a low-performance, inexpensive sealant that dries to a hard, rigid seal. Silicone sealant is generally used to create an airtight or watertight seal at the joint between two surfaces.

Technology: Expanding adoption of solvent-based adhesives in food packaging industry

Adhesive technology can indefinitely bond surfaces with different technologies, including hot melt, reactive, solvent-based, and water-based. Hot-melt adhesives are composed of thermoplastic polymers that melt at elevated temperatures and then regain their solid state upon cooling, resulting in adhesion. Hot-melt adhesives can bond many substrates, including cardboard, metal, glass, leather, wood, ceramics, plastic, rubber, fabric, and foam. Reactive adhesives provide high bonding strength, excellent chemical resistance, durability, and the ability to bond dissimilar materials. These adhesives are widely used in automotive, aerospace, electronics, construction, and medical devices. Solvent-based adhesives are a good choice for applications such as the food packaging industry that require resistance to elevated temperatures, UV exposure, or other environmental factors. Water-based adhesives are typically formulated from water, natural polymers, or soluble synthetic polymers and are ideal for porous or non-porous substrates. Moreover, in sealant technology, one-component sealants are formulated with one base component that does not need to be mixed with anything before application. Two-component sealants are typically used for waterproofing applications as they are composed of a base component and an activator component; these sealants require mixing equipment for preparation and application.

Application: Growing application of adhesive & sealants in automotive industry

Adhesives & sealants act as mechanical fasteners for all assemblies and can be formulated with multiple viscosities and drawn into films and tapes according to requirements. Adhesives & sealants enable bonding to assemble dissimilar substrates and carry a high load with uniform stress distribution across bonded joints. The automotive & transportation industry focuses on replacing welding activities for engine and chassis assembly with adhesives & sealants to reduce overall vehicle weight and achieve better fuel efficiency. Adhesives & sealants for transport are suitable for several applications, including direct window glazing, interior trim, panel bonding and body structures. In building & construction applications, adhesives & sealants provide superior durability and dependability when exposed to high humidity, chemical attack, or electrical stress. Hot melt glue sticks, super glue, and other adhesives & sealants are suitable for various applications, such as DIY (do-it-yourself), repairing, assembling plastic flowers, jewelry, handcrafts, woodworking, packaging, and in the electronic industry. Adhesives & sealants offer solutions in the coating of insulating materials, securing electrical components against vibration, and fixing electronic modules on circuit boards. In addition, adhesives & sealants in the footwear industry are used for binding and compounds for footwear, such as oily mesh fabrics, leather, sponges, counters, and other footwear materials. Medical-grade adhesives & sealants can bond medical products, such as syringes, dialysis filters, blood bags, and tube connections. Medical-grade adhesives & sealants manufacturing comprise glues and other adhesives used for medical purposes, including wound sealing, joint repairs, and surgery.

Moreover, adhesives & sealants are applicable for corrugated box construction, the lamination of printed sheets, packaging material used for consumer products, and large industrial tube production. Adhesive products are widely used as copolymer adhesive in furniture and wood applications as it offers a strong bond to cellulosic materials. EVA (ethylene vinyl acetate) in adhesives enhances the clinginess in adhesion between two wood substrates, including cellulose boards and foams. Pressure-sensitive adhesive & sealants have been utilized with classical canned and tubed glues to favor a ready-to-apply profile that infuses adhesion technology with enhanced versatility. Pressure-sensitive adhesives & sealants are incredibly versatile; they can be found in packaging food labels, bandages, and the electronics industry.

Regional Insights

Americas has a significant growth in the adhesives & sealants market as the automotive and construction sectors are the important drivers of demand for adhesives & sealants in the region. Critical trends in the market include the increasing demand for high-performance adhesives & sealants, the growing adoption of lightweight materials in aerospace and automotive industries, and the rising use of adhesives in medical and healthcare applications, creating a lucrative market demand in the region. In Asia-Pacific, the adhesives & sealants market is rapidly growing, attributed to expanding manufacturing and packaging sectors with favorable governmental regulations for regional industrial manufacturing. The region's rapid industrialization, infrastructure development, growing automotive and construction industries, and expanding electronics manufacturing contribute to the market's significant growth prospects. The automotive industry in Europe is a major consumer of adhesives and sealants. The region's strong presence in automotive manufacturing, emphasis on lightweight, and stringent environmental regulations contribute to the sector's demand for advanced adhesives and sealants. In the Middle East, growing construction activities are expected to increase the demand for adhesives & sealants over the forecast period.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Adhesives & Sealants Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Adhesives & Sealants Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Adhesives & Sealants Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Adhesives Research, Inc., Akzo Nobel N.V., Arkema Group, Avery Dennison Corporation, BASF SE, Braskem S.A. by Novonor, Brenntag SE, Cabot Corporation, China Petrochemical Corporation, Clariant AG, DELO Industrie Klebstoffe GmbH & Co. KGaA, DuluxGroup Ltd., DuPont de Nemours, Inc., Dymax Corporation, Eastman Chemical Company, Eurochem, Evonik Industries AG, Exxon Mobil Corporation, Franklin International, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC, Illinois Tool Works Inc., INEOS AG, Jowat SE, LANXESS AG, LINTEC Corporation, LIQUI MOLY USA Inc., LyondellBasell Industries N.V., Mapei S.p.A., Master Bond Inc., Mitsubishi Chemical Corporation, Mitsui Chemicals, Inc., Parker-Hannifin Corporation, Permabond LLC, Pidilite Industries Limited, PPG Industries, Inc., RPM International Inc., Shin-Etsu Chemical Co., Ltd., Sika AG, Solvay SA, Soudal Holding N.V., Sumitomo Seika Chemicals Company, Limited, Sunstar Group, TE Connectivity Ltd., The Dow Chemical Company, Toray Industries, Inc., Uniseal, Inc., and Wacker Chemie AG.

Market Segmentation & Coverage

This research report categorizes the Adhesives & Sealants Market to forecast the revenues and analyze trends in each of the following sub-markets:

Form
- Film
- Liquid
- Paste
- Pellets
- Solid

Product Type
- Adhesive Product
  - Acrylic Adhesives
  - Epoxy
  - Ethylene-Vinyl Acetate
  - Polyurethanes Adhesives
  - Polyvinyl Acetate
  - Styrenic Block

Sealant Products
- Acrylic Sealants
- Polyurethanes Sealants
- Polyvinyl Acetates
- Silicones

Technology
- Adhesive Technology
  - Hot melt
  - Reactive
  - Solvent-Based
  - Water-Based

Sealant Technology
- One-Component Sealants
- Two-Component Sealants

Application
- Adhesive Application
  - Assembly
  - Automotive & transportation
  - Building & Construction
  - Consumer & DIY
  - Electronics
  - Leather & footwear
  - Medical
  - Paper & packaging
  - Woodworking

Sealant Application
- Automotive
- Building & Constructions
- Consumer
- Pressure-Sensitive Applications

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Colorado
    - Florida
    - Illinois
    - Indiana
    - Kentucky
    - Michigan
    - Mississippi
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Adhesives & Sealants Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Adhesives & Sealants Market?

3. What are the technology trends and regulatory frameworks in the Adhesives & Sealants Market?

4. What is the market share of the leading vendors in the Adhesives & Sealants Market?

5. Which modes and strategic moves are suitable for entering the Adhesives & Sealants Market?

Product Code: MRR-434CCDA04597

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growth in vehicle production supported by high penetration of electric vehicles
  - 5.1.1.2. Increasing utilization of pressure sensitive adhesives (PSA) in building & infrastructure projects
  - 5.1.1.3. Booming eCommerce coupled with increased adoption from the packaging industry
- 5.1.2. Restraints
  - 5.1.2.1. Operational issues and limitations related to adhesives & sealants
- 5.1.3. Opportunities
  - 5.1.3.1. Expanding benefits of bio-based and sustainable adhesives & sealants
  - 5.1.3.2. Emerging advancements in adhesives & sealants
- 5.1.4. Challenges
  - 5.1.4.1. Health & environmental consequences associated with adhesives & sealants
5.2. Market Segmentation Analysis
- 5.2.1. Form: Rising preference for liquid form of adhesive & sealant
- 5.2.2. Product Type: Increasing demand for epoxy and polyurethane adhesives in construction industry
- 5.2.3. Technology: Expanding adoption of solvent-based adhesives in food packaging industry
- 5.2.4. Application: Growing application of adhesive & sealants in automotive industry
5.3. Market Trend Analysis
- 5.3.1. New product launches and supportive regulatory framework for adhesives & sealants in the Americas
- 5.3.2. Rapid expansion of end-user industries and ongoing expansion of adhesives & sealants manufacturing facilities in the Asia-Pacific region
- 5.3.3. Potential production capabilities of bio-based products enlarge the adhesives & sealants market growth in the EMEA region.
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis

6. Adhesives & Sealants Market, by Form

6.1. Introduction
6.2. Film
6.3. Liquid
6.4. Paste
6.5. Pellets
6.6. Solid

7. Adhesives & Sealants Market, by Product Type

7.1. Introduction
7.2. Adhesive Product
7.3. Sealant Products

8. Adhesives & Sealants Market, by Technology

8.1. Introduction
8.2. Adhesive Technology
8.3. Sealant Technology

9. Adhesives & Sealants Market, by Application

9.1. Introduction
9.2. Adhesive Application
9.3. Sealant Application

10. Americas Adhesives & Sealants Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Adhesives & Sealants Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Adhesives & Sealants Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Henkel Launches a New Injectable Thermally Conductive Adhesive for EV Battery Systems
- 13.3.2. Arkema Acquires Adhesives Manufacturer Polytec PT
- 13.3.3. Sealonix, Inc. Closes USD 20 Million Financing to Develop Sealant Products for Abdominopelvic and Orthopedic Procedures
- 13.3.4. Sunstar Engineering Americas expanding operations in Springboro
- 13.3.5. ADDEV Materials Acquires PARAFIX
- 13.3.6. Brenntag Specialties Launches New Material Science Application and Development Center in Mumbai
- 13.3.7. Avery Dennison and Dow Unveil Hot-melt Label Adhesive to Boost Recycling
- 13.3.8. Audax Acquires Adhesives Distributor Krayden from Quad-C
- 13.3.9. Fujifilm and Henkel Announce Partnership Agreement
- 13.3.10. Wacker Chemical Corp. Expands Production of Silicone Sealants at Its Nunchritz Site
- 13.3.11. BHU, IIT BHU Researchers Get Patent for Developing New Adhesive in Treating Malaligned Teeth
- 13.3.12. DOW Launches Dowsil PV Product Line, Expands Portfolio
- 13.3.13. Pidilite to Manufacture Jowat Hot Melt Adhesives from Germany in India
- 13.3.14. 3M Launches New Medical Adhesive Offering Premium Wear Time, up to 28 Days
- 13.3.15. DuluxGroup Limited has committed to acquire 51 percent of the share capital of N.P.T. s.r.l. (NPT) and NPT's subsidiaries
- 13.3.16. Avantium and Henkel Sign Offtake Agreement on FDCA for Adhesives
- 13.3.17. Avery Dennison Hotmelt Adhesives Now TUV-certified for Bio-Based Content
- 13.3.18. H.B. Fuller to Launch New Bio-Compatible Adhesive for Medical Applications
- 13.3.19. PPG to Expand Adhesives and Sealants Production Line at Temple, Texas Facility

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio