Market Research Report
Adhesives & Sealants Market by Adhesive Formulating Technology (Water-based, Solvent-based, Hot-melt, Reactive), By Sealant Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide, Butyl), Application, Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||989764|
|Published||Content info||354 Pages
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|Adhesives & Sealants Market by Adhesive Formulating Technology (Water-based, Solvent-based, Hot-melt, Reactive), By Sealant Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide, Butyl), Application, Region - Global Forecast to 2025|
|Published: February 11, 2021||Content info: 354 Pages||
The adhesives & sealants market is projected to grow from USD 63.2 billion in 2020 to USD 80.0 billion by 2025, at a CAGR of 4.8% between 2020 and 2025. The major drivers for the market are increased demand for adhesives in the medical industry, increasing demand for adhesives & sealants from the building & construction industry, and growth in the appliances industry.
The reactive & other formulating technologies segment is projected to register the fastest growth during the forecast period because they exhibit high bond strength and long-term durability under severe environmental conditions. They have a better performance advantage than hot-melt or solvent-borne technologies.
"Paper & packaging segment is projected to be the largest application of adhesives."
Paper & packaging is the largest application segment, in terms of both volume and value, between 2020 and 2025. This is because of the increased use of adhesives in a wide variety of paper bonding applications ranging from corrugated box construction and the lamination of printed sheets to packaging material used for all types of consumer products and the production of large industrial tubes and cores used by manufacturers of roll goods and other materials. The increased demand for flexible packaging will play an important role in driving the adhesives market.
"Automotive & transportation is the fastest-growing application of the sealants market."
Automotive & transportation application is the fastest-growing segment, in terms of volume, between 2020 and 2025. Growing transportation industry is driving the sealants market. Sealants are replacing mechanical gaskets owing to their resistance to corrosion and chemicals. The popular sealants used for automobiles include polyvinyl, polyurethanes, silicones, and other elastomeric rubbers. The increasing use of plastics, composites, and fibers in automobile manufacturing has aided the growth of the sealants market, as plastics cannot be welded.
"APAC is the fastest market for adhesives & sealants during the forecast period."
APAC is projected to be the largest and the fastest-growing market for adhesives & sealants during the forecast period. APAC is an emerging market in terms of demand for adhesives & sealants. China and India have been the driving forces behind the rapid development of the market in APAC, as well as globally. The growth in these countries is attributed to high economic growth and heavy investments in the packaging and automotive & transportation sectors.
Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and sub-segments.
The key companies profiled in this report are Henkel AG (Germany), H.B. Fuller (US), Sika AG (Switzerland), Arkema (Bostik SA) (France), and 3M Company (US),.
The adhesives & sealants market has been segmented based on adhesives formulating technology (water-based, solvent-based, hot-melt, reactive & others), adhesives application (paper & packaging, building & construction, woodworking, automotive & transportation, consumer & DIY, leather & footwear, assembly, medical, electronics, and others), sealants resin type (silicone, polyurethane, plastisol, emulsion, polysulfide, butyl, others) sealants application (building & construction, automotive & trasportation, consumer, and others), and region (APAC, Europe, North America, South America, and Middle East & Africa).
Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analyses - industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.