IMARC Group’s latest report, titled “Adhesives and Sealants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on adhesives and sealants market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global adhesives and sealants market size reached US$ 63.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 85.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
Adhesives and sealants are indispensable in various industries, playing critical roles in bonding, sealing, and joining materials. Adhesives, like epoxy and superglue, create durable bonds in manufacturing, construction, and automotive applications. Sealants like silicone and polyurethane prevent leaks and protect against environmental factors in structures and vehicles. These versatile substances ensure structural integrity, weather resistance, and enhanced safety. Adhesives contribute to lightweight and design flexibility, while sealants maintain airtightness and water resistance. In an era of innovation, adhesives and sealants continue to evolve, underpinning advancements in electronics and aerospace industries and reaffirming their pivotal role in modern manufacturing and construction.
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Market Trends:
The global market is majorly driven by the increasing manufacturing activities across industries like automotive, electronics, and packaging. In line with this, rising global construction projects necessitate sealants for weatherproofing and structural integrity, significantly contributing to the market.
Furthermore, the automotive industry’s focus on lightweight materials relies on adhesives for bonding, positively influencing its demand. Apart from this, the miniaturization in electronics demands precision adhesives for component assembly, catalyzing the market. Moreover, flexible packaging solutions rely on adhesives for efficient sealing and sustainability, propelling the market. Besides, the adhesives and sealants contribute to energy-efficient building designs, meeting green construction standards. The medical sector relies on biocompatible adhesives for device manufacturing and wound closure, bolstering the market. Additionally, sustainable, eco-friendly adhesives and sealants cater to growing environmental concerns, fostering market expansion.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 3M Company
- Arkema S.A
- Ashland Global Specialty Chemicals Inc.
- Avery Dennison Corporation
- Beardow & Adams (Adhesives) Limited
- Eastman Chemical Company
- B. Fuller Company
- Henkel AG & Co. KGaA
- Sika AG
- Wacker Chemie AG
Adhesives and Sealants Market Segmentation:
Our report has categorized the market based on region, adhesive type, sealant type, technology and application.
Breakup by Adhesive Type:
- Acrylic
- PVA
- Polyurethanes
- Styrenic Block Copolymers
- Epoxy
- EVA
- Others
Breakup by Sealant Type:
- Acrylic
- Silicone
- Polyurethane
- Butyl
- Others
Breakup by Technology:
- Water-Based
- Solvent-Based
- Hot Melt
- Reactive
- Others
Breakup by Application:
- Paperboard and Packaging
- Building and Construction
- Transportation
- Leather and Footwear
- Furniture
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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