Adhesives and Sealants Market

Adhesives and Sealants Market Size and Share

The global adhesives and sealants market size is projected to grow from USD 77.6 billion in 2024 to USD 139.2 billion by 2035, representing a CAGR of 5.46%, during the forecast period, 2024-2035.

To learn more about this report, request a free sample copy

The new research study consists of global adhesives and sealants industry trends, detailed market analysis of adhesives and sealants manufacturer, Porter’s five forces analysis, megatrends analysis and market impact analysis. The report includes adhesives and sealants market forecast and opportunity analysis.

Adhesives and sealants offer an important service in many industries and in making processes. These are substances that prevent leakage between two surfaces. Adhesive is used to bind two surfaces together while sealants fill the gaps between these substances. Adhesives and sealants  are used in various manufacturing industries such as automotive and transportation, building and construction, leather and footwear, medical, paper and packaging, and woodworking for bonding and sealing applications as they offer high efficiency and increased durability in low investment as per industry requirements.

Rising demand for high-performance adhesives is directly tied to the availability of specialty monomers such as acrylic acid, particularly in construction and automotive sectors. Further, adhesives and sealants market is growing at a stable rate, attributed to a number of factors. 

Adhesive and sealant technology has innovatively changed industrial manufacturing applications to enhance performance, lower costs, improve aesthetic value, and environmental benefits. In addition, with advancement in this technology the role of adhesive and sealants will continuously evolve in industrial manufacturing applications. As the industry continues to evolve adhesives and sealants market is expected to grow exponentially during the forecast period.

Adhesives and Sealants Market Share Insights

The adhesives and sealants market research report presents an in-depth analysis of various leading players involved in manufacturing adhesives and sealants, across different segments, as defined in the table below:

Adhesives and Sealants Market: Report Attributes / Market Segmentations

One of the key objectives of this market report was to estimate the current market value, opportunity and the future growth potential of the manufacturers in the global adhesives and sealants market, over the forecast period. Based on multiple parameters, likely adoption trends and through primary / secondary validations, we have provided an informed estimate on the market evolution during the forecast period 2024-2035. 

The market report also features the likely distribution of the current and forecasted opportunity for manufacturers in the global adhesives and sealants market across various segments, such as type of resins (acrylics (emulsion), polysulfide (epoxy), polyurethane, silicone and others), adhesive technology (hot melt, reactive, solvent based, water based, others), adhesive application (automotive and transportation, building and construction, consumer / DIY, leather and footwear, medical, paper and packaging, woodworking and others), sealant applications (building and construction, automotive and transport, consumer ,other) and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and North Africa). In order to account for future uncertainties associated with some of the key parameters and to add robustness to our model, we have provided three adhesives and sealants market forecast scenarios, namely conservative, base, and optimistic scenarios, representing different tracks of the industry’s evolution.

All actual figures have been sourced and analyzed from publicly available information forums and primary research discussions. Financial figures mentioned in this market report are in USD, unless otherwise specified.

Adhesives and Sealants Market Key Segments

Adhesives and Sealants Market Share by Type of Resin

The global adhesives and sealants market is segmented into different types of resin, such as acrylics (emulsion), polysulfide (epoxy), polyurethane, silicone and others. Currently, Silicon and acrylics-based adhesives and sealants are expected to capture the highest share due to the high demand in construction and building industry as they offer weatherproofing and structural integrity to the building. Additionally, the polyurethane segment holds a significant market share in the global market as its attribute of being moisture resistant and fast-drying properties prove beneficial in automotive and construction industries.

Adhesives and Sealants Market Share by Adhesive Technology

The global adhesives and sealants market is segmented into different adhesive technology, such as hot melt technology, reactive  technology, solvent based technology, water-based technology and other technologies. Water-based technology is expected to capture the highest share in 2035. Owing to their growing application in woodwork and furniture industry.

Adhesives and Sealants Market Share by Adhesive Application

The adhesives industry is segmented into different application of adhesive, such as automotive and transportation, building and construction, consumer / DIY, leather and footwear, medical, paper and packaging, woodworking and others. Presently, paper and packaging segment captures the highest share in the adhesives and sealants market. In addition, the demand of adhesive and sealant is expected to rise in automobile and transport sector owing to the increasing requirement for light weight fuel for ecofriendly cars.

Adhesives and Sealants Market Share by Sealant Applications

The sealants industry is segmented into different application of sealants, such as building and construction, automotive and transport, consumer, other. Currently, building and construction segments captures the highest share in the adhesives and sealants market. This is due to the fact that there is rising number of infrastructure development initiatives in developed and developing nations. In addition, rise in investments in infrastructure development are also anticipated to drive building and construction market segment in the forecast period.

Adhesives and Sealants Market Share by Geography

This segment highlights the distribution of the global adhesives and sealants industry across various geographies, such as North America, Europe, and Asia-Pacific, Latin America, and the Middle East and Africa. According to our projections, currently Asia-Pacific captures the majority share of the market. The rising industrial production and increasing product demand in assembly operations, along with moderate growth in the construction sector in China and India, will drive market growth.

Adhesives and Sealants Market Key Insights

The “Adhesives and Sealants Market: Industry Trends and Global Forecasts, till 2035” market report features an extensive study of the current market size and future opportunities associated with manufacturers within the adhesives and sealants industry, during the given forecast period. The market report highlights the adhesives and sealants market analysis. Key takeaways of the adhesives and sealants market report are briefly discussed below.

Key Growth Drivers of the Adhesives and Sealants Market

The major market growth drivers contributing to the adhesive and sealants market growth include rising urbanization, increasing populations, and growing investments in infrastructure development projects around the world. Moreover, the rise in automative sector and the relentless pursuit of lightweight vehicles for better fuel efficiency and performance has also led to a surge in demand for advanced adhesives and sealants. Adhesives offer strong bonding properties while reducing vehicle weight, which can improve fuel efficiency.

Regional Adhesives And Sealants Industry Highlights: North America Holds the Largest Share

Presently, majority of the market share is captured by Asia-Pacific. This can be attributed to the fact that the increasing construction and building activity, leading to a higher demand of adhesives and sealants. Additionally, the adhesives and sealants market are expected to rise significantly due to increase in the automobile sector in major North American country.

Leading Players in the Adhesives and Sealants Market

Examples of key companies operating in the global adhesives and sealants industry (which have also been captured in this market report, arranged in alphabetical order) include 3M, H.B. Fuller, Henkel, Sika, Arkema, Avery Denison, Huntsman International, Ashland, Dow, Pidilite Industries, RPM International, Wacker Chemie and MAPEI. This market report includes an easily searchable excel database for the leading companies operating in adhesives and sealants domain along with information on their service/product portfolios.

Recent Developments in The Adhesives and Sealants Market

Several recent developments have taken place in the market, some of which have been outlined below.

• In May 2024, Henkel opened its 70,000 sq.ft. Adhesive Technologies Technology Center in Bridgewater, New Jersey, the US in order to develop sustainable adhesives, sealants, functional coatings and specialty material solutions.
• In May 2024, Dow expanded its capacity at SAS Chemicals for High-Performance Facade sector to meet the evolving needs of high-performance adhesives and sealants solutions in glass manufacturers.
• In March 2024, Henkel and Kraton partnered to incorporate Kraton's sustainable tackifiers and REvolution rosin ester tech into Henkel's adhesive formulations, offering eco-friendly adhesive solutions.

Author(s): Ronit Sharma, Hardik Patel