The latest report by IMARC Group, titled “Adhesives and Sealants Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the adhesives and sealants market trends. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global adhesives and sealants market size reached US$ 66.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 99.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
Adhesives and Sealants Market Trends:
The increasing demand from the construction industry is driving the global market. The automotive sector also contributes substantially to the market growth due to the rising production of vehicles and the subsequent requirement for adhesives and sealants in manufacturing processes. The packaging industry plays a crucial role, driven by the expansion of e-commerce and the necessity for secure and sustainable packaging solutions. Moreover, advancements in technology and innovation in adhesive and sealant formulations enhance product performance and application scope.
Furthermore, the growing emphasis on environmentally friendly and sustainable products propels market demand as consumers and industries seek eco-friendly alternatives. Additionally, the healthcare sector’s expansion, particularly in medical device manufacturing, propels the market. The electronics industry’s growth, driven by the increasing production of electronic devices and components, also significantly influences market dynamics.
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Adhesives and Sealants Market Scope and Growth Analysis:
The market scope is expanding due to the shift towards sustainable and eco-friendly products. Furthermore, the increasing application of adhesives and sealants in emerging industries such as renewable energy, particularly in the manufacturing and maintenance of wind turbines and solar panels, provides significant growth opportunities. The market scope is further broadened by the rising demand for lightweight materials in the automotive and aerospace industries, which necessitates the use of high-performance adhesives and sealants.
Additionally, the growing trend of urbanization and industrialization in developing economies contributes to market expansion, as these regions invest heavily in infrastructure and construction projects. Technological advancements in application techniques, such as automated dispensing systems, enhance the efficiency and precision of adhesive and sealant usage, driving market growth. The healthcare industry’s expansion, with increasing investments in medical device production and pharmaceutical packaging, underscores the extensive market potential for adhesives and sealants.
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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 (2018-2023)
- Market Outlook (2024-2032)
- 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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