The global adhesives and sealants market size was USD 76.08 billion in 2022. The market is anticipated to expand from USD 79.38 billion in 2023 to USD 108.64 billion by 2030, exhibiting a CAGR of 4.6% over the study period.

Adhesives find application in a range of industries for joining two surfaces. On the other hand, sealants are used for the prevention of fluid passage by filling gaps. The growing product deployment in the building & construction sector is slated to favor industry expansion over the coming years. Fortune Business Insights™ provides this information in its research report, titled “Adhesives and Sealants Market Size Report, 2024-2030”.

List of Key Players Mentioned in the Report:

3M (U.S.), Arkema S.A. (France), Henkel Corporation (Germany), Ashland Inc. (U.S.), Avery Dennison (U.S.), BASF SE (Germany), Evonik Industries (Germany), B. Fuller Company (U.S.), PPG Industries (U.S.), RPM International Inc. (U.S.), Sika AG (Switzerland), Wacker Chemie AG (Germany)


Reactive Segment to Register Major Share Due to the Benefit of Long-Lasting Bond in case of Temperature Change

By adhesive technology, the market is segmented into solvent-based, reactive, hot-melt, water-based, and others. The reactive segment is slated to hold a dominant market share over the study period. In the event of intense moisture and temperature change, these products offer a long-lasting bond. This is one of the key factors driving the dominance of the segment.

Silicone Segment Records the Largest Share Owing to Various Advantages

By sealant resin, the market for adhesives and sealants is fragmented into emulsion, silicone, polysulfide, polyurethane, and others. The silicone segment accounts for a dominating share of the market. The numerous advantages offered by these sealants such as water resistance, excellent binding properties, and flexibility, are expected to favor the dominance of the segment.

Paper & Packaging Segment Accounted for Dominating Share Owing to Surging Packaged Food Demand

On the basis of the adhesive end-use industry, the market is subdivided into building & construction, consumer/DIY, paper & packaging, leather & footwear, automotive & transportation, woodworking, and others. The paper & packaging segment registered a dominant adhesives and sealants market share in 2022 due to growing packaged food demand.

Building & Construction Segment Holds Major Share Owing to Rising Building Elements Demand

By sealant end-use industry, the market is segregated into consumer, automotive & transportation, building & construction, and others. Of these, the building & construction segment records a key market share due to escalating demand for building elements.

Based on geography, the market for adhesives and sealants has been studied across Latin America, Asia Pacific, Europe, and the Middle East & Africa.

Report Coverage:

The report gives an account of the key trends in the market. It also provides an analysis of the various steps undertaken by industry players to strengthen their positions in the global market. In addition, the report provides insight into the major factors boosting the industry expansion over the coming years.

Drivers and Restraints:

Product Demand to Rise with Expansion of Medical Sector

The past few years have registered a significant expansion of the healthcare industry across the globe. This has elevated the importance of medical adhesives in light of emerging medical technologies and treatments. These aspects are set to favor the demand for adhesives, further propelling industry growth.

However, the excessive usage of chemicals in the manufacturing process could be harmful to the environment and human health. This may hinder the adhesives and sealants market growth to some extent.

Regional Insights:

Asia Pacific to Hold Dominant Market Share Owing to Mounting Product Demand from Automotive and Packaging Sectors

Asia Pacific is poised to record the largest market share over the analysis period. The growing product demand from the packaging, automotive, and building & construction sectors is set to drive the regional dominance in the market.

Furthermore, the rising preference for flexible packaging is augmenting the demand for adhesives and sealants in North America. The region depicts a growing inclination toward recyclable products.

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Competitive Landscape:

Industry Players Adopt Numerous Strategies to Strengthen Market Positions

Key adhesives and sealants companies are focused on adopting various strategies to strengthen their market positions. These steps include new product launches, collaborations, acquisitions, and the expansion of manufacturing units. These strategies are also being deployed for driving the expansion of their businesses.

Key Industry Development:

May 2023 – Henkel launched the Loctite TLB 9300 APSi, a new injectable thermally conductive adhesive. The product has been designed for EV battery systems and offers thermal conductivity and structural bonding.

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