Adhesives & Sealants Market Synopsis

Adhesives & Sealants Market Size Was Valued at USD 72.27 Billion in 2023, and is Projected to Reach USD 115.03 Billion by 2032, Growing at a CAGR of 5.3% From 2024-2032.

Adhesives and sealants play pivotal roles in joining and sealing materials across various industries. Adhesives are substances used to bond surfaces together, while sealants are utilized to fill gaps and prevent leakage. These products find extensive applications in the construction, automotive, aerospace, packaging, and healthcare sectors, among others, due to their versatile bonding and sealing properties.

• The global adhesives and sealants market has witnessed significant growth in recent years, driven by increasing demand from end-use industries and advancements in adhesive technologies. Factors such as urbanization, infrastructure development, and the adoption of lightweight materials in the automotive and aerospace sectors contribute to market expansion.
• Adhesives can be categorized into various types, including epoxy, polyurethane, acrylic, silicone, and cyanoacrylate adhesives, each offering specific bonding characteristics. Sealants, on the other hand, encompass silicone, polyurethane, acrylic, and polysulfide sealants, catering to diverse sealing requirements based on application and environmental conditions.
• The adhesives and sealants industry is witnessing trends such as the shift towards eco-friendly and sustainable formulations, increasing adoption of hybrid adhesives and sealants combining multiple technologies, and growing demand for specialty adhesives in niche applications. Looking ahead, the market is poised for further growth driven by technological advancements, expanding end-use industries, and the emphasis on efficient bonding and sealing solutions globally.

Adhesives & Sealants Market Trend Analysis

Growing Demand in Construction and Automotive Industries

• The adhesives and sealants market due to the increasing focus on sustainable building practices and energy efficiency. Adhesives are crucial in modern construction for bonding various materials such as metals, glass, plastics, and composites, contributing to structural integrity and durability. Sealants are equally important for weatherproofing, thermal insulation, and preventing moisture intrusion in buildings. With the rise in infrastructure projects, green building initiatives, and renovations, the demand for advanced adhesives and sealants is expected to surge in the construction sector.
• In the automotive industry, adhesives and sealants play vital roles in vehicle manufacturing, offering benefits such as weight reduction, improved vehicle aesthetics, noise reduction, and enhanced safety. Adhesives replace traditional mechanical fasteners, contributing to lightweight vehicle designs and fuel efficiency.
• Sealants are utilized for bonding windshields, windows, and body panels, as well as sealing joints to prevent water ingress and corrosion. As automakers focus on electric vehicles (EVs), advanced materials, and assembly process efficiency, the demand for high-performance adhesives and sealants is projected to witness substantial growth, creating opportunities for market expansion and innovation.

Development of Sustainable and Bio-Based Products

• Increasing awareness about environmental sustainability, there is a growing demand for adhesives and sealants that are eco-friendly and reduce carbon footprints. Traditional adhesives and sealants often contain volatile organic compounds (VOCs) and hazardous chemicals, leading to environmental pollution and health risks. The development of sustainable and bio-based products addresses these concerns by utilizing renewable resources, reducing emissions, and promoting a greener approach to bonding and sealing applications.
• The shift towards sustainable and bio-based adhesives and sealants presents a significant opportunity in the market. Manufacturers are investing in research and development to create formulations using biodegradable polymers, natural resins, and plant-based additives. These products not only meet regulatory requirements but also appeal to environmentally conscious consumers and industries.
• The demand for sustainable solutions is particularly strong in sectors such as packaging, healthcare, and consumer goods, where eco-labeling and green certifications drive purchasing decisions. As sustainability becomes a priority across industries, the adoption of bio-based adhesives and sealants is poised for substantial growth, offering a competitive edge and fostering innovation in the market.

Adhesives & Sealants Market Segment Analysis:

Adhesives & Sealants Market is segmented on the basis of Adhesives Product, Adhesives Technology, Adhesives Application, Sealants Product and Sealants Application.

By Adhesives Product, Acrylic Adhesives segment is expected to dominate the market during the forecast period

• Acrylic adhesives are favored in the adhesives and sealants market due to their exceptional versatility and performance across various applications. They offer a unique combination of high strength, durability, and resistance to temperature extremes, making them suitable for a wide range of industries such as automotive, construction, electronics, and healthcare. Their ability to bond different materials like metals, plastics, and composites further enhances their appeal, driving their dominance in the market.
• Acrylic adhesives is their ease of use and environmental benefits. Unlike solvent-based adhesives that emit harmful volatile organic compounds (VOCs), acrylic adhesives are typically water-based or solvent-free, making them environmentally friendly and safer for use in various applications. Additionally, their fast curing times and ability to bond dissimilar materials without surface preparation contribute to increased efficiency and reduced production costs, further solidifying their position as the dominant segment in the adhesives and sealants market.

By Application, Packaging segment held the largest share of 43.8% in 2023

• The packaging segment's dominance in the adhesives and sealants market can be attributed to the extensive demand for adhesive solutions across diverse packaging needs. Adhesives play a crucial role in packaging materials such as cartons, labels, tapes, and flexible packaging, providing secure seals, tamper resistance, and aesthetic appeal. With the rising demand for packaged goods across industries like food and beverage, pharmaceuticals, and consumer goods, the need for reliable and efficient adhesive solutions has surged, driving the growth of the packaging segment.
• The performance and sustainability requirements in modern packaging. Adhesives used in packaging must offer strong bonds to withstand transportation stresses, moisture resistance to maintain product integrity, and compatibility with various substrates to accommodate diverse packaging designs.
• There's a growing emphasis on sustainability, leading to the adoption of eco-friendly adhesives that are recyclable, biodegradable, or derived from renewable sources. As packaging regulations tighten and consumer preferences shift towards sustainable options, the packaging segment's reliance on adhesives that meet these criteria continues to grow, maintaining its position as the largest shareholder in the adhesives and sealants market.

Adhesives & Sealants Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• China is among the fastest-growing markets in terms of new technologies and the usage of innovative materials for construction purposes. With China's dominating role as a global construction center, the accelerated development in the 3D concrete printing sector is likely to revolutionize the traditional construction industry in the country, with applications ranging from residential buildings to monuments.
• The country is involved in the construction of buildings, offices, and bridges using 3D printing technology. Additionally, Shanghai is the home for the longest 3D-printed bridge, which is 86 feet in length in the world, consisting of 176 concrete units.

Active Key Players in the Adhesives & Sealants Market

• 3M (United States)
• Dymax (United States)
• Momentive (United States)
• Parker LORD (United States)
• RPM International Inc. (United States)
• Avery Dennison Corporation (United States)
• Bostik, Inc. (United States)
• Hitachi Chemical Co., Ltd. (Japan)
• Yokohama Industries Berhad (Malaysia)
• Selleys (Australia)
• Toagosei Co., Ltd. (Japan)
• Bostik (Arkema) (France)
• Sika Australia Pty Ltd (Switzerland)
• Tuff-bond Industrial Adhesives (United States)
• NANO CHEMI TECH CO., LTD. (Japan)
• Adhesive Technologies Limited (New Zealand)
• NANYANG ADHESIVES TECHNOLOGY CO., LTD. (China)
• HENKEL (Germany)
• AVERY DENNISON CORPORATION (United States)
• Jowat (Germany)
• Henkel AG & Co. KGaA (Germany)
• Sika AG (Switzerland)
• Arkema (France)
• Akzo Nobel NV (Netherlands)
• Dow (United States)
• MAPEI SpA (Italy)
• Pidilite Industries Ltd (India)
• Soudal Holding NV (Belgium)
• Wacker Chemie (Germany)
• DIC Corporation (Japan) and Other Active Players.

Key Industry Developments in the Adhesives & Sealants Market:

In March 2023: Arkema acquired Polytec PT, specialized in adhesives for batteries and electronics. With this acquisition, Arkema would strengthen Bostik’s product offerings to serve the fast-growing batteries and electronics markets. This bolt-on acquisition is part of the Group’s strategy to become a full system provider and support its customers to develop sustainable solutions for the batteries and electronics markets.

In February 2023: 3M unveils its new medical adhesive that can stick to the skin for up to 28 days and is intended for use with a wide array of health monitors, sensors, and long-term medical wearables. Prior to 2022, the standard wear time for extended medical adhesives was up to 14 days. 3M now doubles that standard to help deliver a more patient-centric model of care.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. ADHESIVES & SEALANTS MARKET BY ADHESIVES PRODUCT (2017-2032)
   1. ADHESIVES & SEALANTS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. PVA
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. EPOXY
   5. ACRYLIC
   6. STYRENIC BLOCK
   7. POLYURETHANES
   8. EVA
   9. OTHERS
7. ADHESIVES & SEALANTS MARKET BY ADHESIVES TECHNOLOGY (2017-2032)
   1. ADHESIVES & SEALANTS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SOLVENT BASED
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. WATER BASED
   5. HOT MELT
   6. REACTIVE & OTHER
8. ADHESIVES & SEALANTS MARKET BY ADHESIVES APPLICATION (2017-2032)
   1. ADHESIVES & SEALANTS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. PACKAGING
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. PRESSURE SENSITIVE APPLICATIONS
   5. FURNITURE
   6. CONSTRUCTION
   7. FOOTWEAR
   8. AUTOMOTIVE
   9. OTHERS
9. ADHESIVES & SEALANTS MARKET BY SEALANTS PRODUCT (2017-2032)
   1. ADHESIVES & SEALANTS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. POLYURETHANE [PU]
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. SILICONE
   5. ACRYLIC
   6. POLYVINYL ACETATE [PVA]
   7. OTHERS
10. ADHESIVES & SEALANTS MARKET BY SEALANTS APPLICATION (2017-2032)
    1. ADHESIVES & SEALANTS MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. AUTOMOTIVE
       1. Introduction And Market Overview
       2. Historic And Forecasted Market Size in Value (2017-2032F)
       3. Historic And Forecasted Market Size in Volume (2017-2032F)
       4. Key Market Trends, Growth Factors And Opportunities
       5. Geographic Segmentation Analysis
    4. CONSTRUCTION
    5. ASSEMBLY
    6. PACKAGING
    7. CONSUMERS
    8. PRESSURE SENSITIVE TAPES
    9. OTHERS
11. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Benchmarking
       2. ADHESIVES & SEALANTS Market Share By Manufacturer (2023)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
    2. 3M
       1. Company Overview
       2. Key Executives
       3. Company Snapshot
       4. Role of the Company in the Market
       5. Sustainability and Social Responsibility
       6. Operating Business Segments
       7. Product Portfolio
       8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       9. Key Strategic Moves And Recent Developments
       10. SWOT Analysis
    3. DYMAX
    4. MOMENTIVE
    5. PARKER LORD
    6. RPM INTERNATIONAL INC.
    7. AVERY DENNISON CORPORATION
    8. BOSTIK, INC.
    9. HITACHI CHEMICAL CO., LTD.
    10. YOKOHAMA INDUSTRIES BERHAD
    11. SELLEYS
    12. TOAGOSEI CO., LTD.
    13. BOSTIK (ARKEMA)
    14. SIKA AUSTRALIA PTY LTD
    15. TUFF-BOND INDUSTRIAL ADHESIVES
    16. NANO CHEMI TECH CO., LTD.
    17. ADHESIVE TECHNOLOGIES LIMITED
    18. NANYANG ADHESIVES TECHNOLOGY CO., LTD.
    19. HENKEL
    20. AVERY DENNISON CORPORATION
    21. JOWAT
    22. HENKEL AG & CO. KGAA
    23. SIKA AG
    24. ARKEMA
    25. AKZO NOBEL NV
    26. DOW
    27. MAPEI SPA
    28. PIDILITE INDUSTRIES LTD
    29. SOUDAL HOLDING NV
    30. WACKER CHEMIE
    31. DIC CORPORATION
12. GLOBAL ADHESIVES & SEALANTS MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Adhesives Product
       4. Historic And Forecasted Market Size By Adhesives Technology
       5. Historic And Forecasted Market Size By Adhesives Application
       6. Historic And Forecasted Market Size By Sealants Product
       7. Historic And Forecasted Market Size By Sealants Application
       8. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
13. INVESTMENT ANALYSIS
14. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies