Global Adhesives & Sealants Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

The global adhesives & sealants market report Overview:

“The global adhesives & sealants Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The global adhesives & sealants market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global adhesives & sealants market report has been segmented on the basis of product, technology, application, and region.

An adhesive is a chemical blend used to join or bond two surfaces to form a particular assembly, and a sealant is a semisolid material used to avert fluid leakages. Adhesives and sealants are produced using similar chemicals and technologies and are employed in a wide range of applications.

Despite the fact that adhesives and sealants are considered as one industry, their respective functions differ in applications. Adhesives have high tensile and shear strength, which makes this material superior for bonding-related applications.

Sealants on the other hand, are used to fill gaps and restrict corresponding movements of substrates. Sealants strength is lower than adhesives, but has higher flexibility.

Increasing demand from major end-use industries such as construction, packaging, and automotive is anticipated to drive growth of the target market to a significant extent over the next ten years.

Increasing adoption of insulation materials, laminated panels, facades, floor coverings and linoleum sheets, and coatings in both developed and developing countries is driving demand substantially for adhesives and sealants.

Properties such as shorter curing time, increased performance advantages such as better adhesion to various substrates, high-performing seals, better resistance to chemicals, and numerous innovations in adhesives and sealants products are some factors anticipated to drive growth of the target market in the near future.

Implementation of stringent government regulations related to environment concerns and VOC emissions, coupled with volatile raw material costs are some factors restraining growth of the target market currently. These factors have prompted manufacturers to focus on R&D initiatives to develop bio-based adhesives and sealants.

Asia Pacific is anticipated to account for a significantly high revenue share in the global adhesives & sealants market during the forecast period. Emerging economies such as India and China are expected to be high potential markets for adhesives and sealants over the forecast period.

Global Adhesives & Sealants Market Segmentation:

Segmentation by product:

• Acrylic
• Polyvinyl Acetate (PVA)
• Polyurethane
• Epoxy
• Others

Segmentation by technology:

• Water-based
• Solvent-based
• Hot Melt
• Others

Segmentation by application:

• Packaging
• Building & Construction
• Automotive
• Transportation
• Others

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa