Adhesives and Sealants Market – Rising Demand from Building & Construction Sector to Lead the Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 5.7% from 2022 to 2028

Adhesives and Sealants
  • Adhesives and Sealants Market

As stated in our extensive report; the Global Adhesives and Sealants Market accounted for USD 63.1 Billion in 2021.

With the strong worldwide growth of the packaging industry from end-user industries such as cosmetics, food and beverages, consumer goods, stationery, and others, the demand in the Adhesives and Sealants market is growing extensively.

Adhesives are a chemical mixture that joins two surfaces to form a single unit, and sealants are the semisolid material to prevent fluid leakage. Adhesives have high shear & tensile strength, making them best suited for holding- and bonding-related applications. At the same time, sealants fill gaps, prevent fluid leakage, and provide a barrier or protective coating.

Both Adhesives and Sealants are based on a range of formulations, which include organic, inorganic, acrylic-, polyurethane- and silicone-based, and are usually used on materials like metals, plastics, wood, and glass. Moreover, Adhesives and Sealants are used in various sectors such as building & construction, footwear manufacturing, paper packaging, woodworking, automotive, electrical & electronics, and others.

Factors Influencing Global Adhesives and Sealants Market Growth

The growth of the Adhesives and Sealants global market can be attributed to the following:-

  1. The increasing technological advancements and research & development activities have driven the demand for a broad range of electrical & electronic devices like smartphones, laptops, tablets, and others. As a result, Adhesives and Sealants are broadly used for bonding several components, driving the market growth.
  2. The rising population base, increasing urbanization, and growing government expenses have led the building and construction industry to observe significant growth where Adhesives and Sealants are usually utilized to fill cracks, openings, and seal joints. This, in turn, is driving the popularity of Adhesives and Sealants Market expansion in the building & construction industry, propelling the Adhesives and Sealants Market expansion.
  3. The increased regulations and public awareness drive the major manufacturers to develop green, non-hazardous, and sustainable Adhesives and Sealants. Therefore, the increasing demand for environmentally friendly or green buildings allows the growth of green and sustainable adhesive solutions made from renewable, remanufactured, recycled, or biodegradable materials.

However, the increasing consumer awareness regarding health and the environment has become a critical concern for Adhesives and Sealants manufacturers.

Asia Pacific Region to Take Over the Market

Asia Pacific holds the largest share in the Adhesives and Sealants Market and is expected to continue this trend in the forecast period. The increase in domestic demand, the growing income levels, and the easy access to resources drive the market growth in this region. In addition, a rise in investments in localized production and Research and Development (R&D) activities to meet customer demands rapidly and efficiently while maintaining long-term competitiveness will support the market growth in this region. Besides, the China region will most likely hold a significant part of the market in the forecast period.

Conclusion

As per Vantage Market Research, the rising demand from the building and construction industry and the increasing application in the packaging industry positively influence the global Adhesives and Sealants market.

The well-known players of the Global Adhesives and Sealants Market include Arkema S.A., BASF SE, Evonik Industries AG, H.B. Fuller, Henkel AG & Co. KGAA, Lord Corporation, Scott Bader Co., Sika AG, 3M Company, Uniseal Inc. and others.