WESTFORD, Mass., July 16,
2024 /PRNewswire/ -- According to SkyQuest, the
global, Adhesives and Sealants Market size was valued at
USD 67.48 billion in 2022 and is
poised to grow from USD 71.5 billion
in 2023 to USD 114 billion by 2031,
growing at a CAGR of 6.0% in the forecast period (2024-2031).
Adhesives and sealants are extensively used across multiple
industry verticals for numerous bonding and joining applications.
Advancements in adhesive technologies and growing demand for
sustainable products are key factors augmenting the global
adhesives and sealants market development. Adhesives and sealants
companies are expected to primarily target the development of
adhesives and sealants that are free from volatile organic
compounds (VOCs). The global adhesives and sealants market is
segmented into type, resin type, end user industry, and region.
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overview:
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Adhesives and Sealants Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$ 71.5
billion
|
Estimated Value by
2031
|
$ 114
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 6.0%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Adhesive Technology,
Adhesive Application, Sealant Resin Type and Sealant
Appliction
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
High demand for
sustainable adhesives and sealants
|
Key Market
Drivers
|
Rising demand for
infrastructure development and growing use of adhesives and
sealants in the construction industry
|
Segments covered in Adhesives and Sealants Market
are as follows:
- Adhesive Technology
- Water-Based Adhesives (PVA Emulsion
Adhesives, Acrylic Polymer Emulsion Adhesives,
VAE Emulsion Adhesives, SBC
Latex Adhesives, Others), Solvent-Based Adhesives
(Polyurethane Adhesives, Acrylic Adhesives,
Chloroprene Rubber
(CR) Adhesives, Polyvinyl Acetate
(PVA) Adhesives, Polyamide Adhesives,
Synthesized Rubber Adhesives, Others), Hot-Melt Adhesives
(Ethylene-vinyl Acetate (EVA) Adhesives,
Styrenic Block Copolymer
(SBC) Adhesives,
Metallocene Polyolefin
(MPO) Adhesives,
Polyolefin Adhesives, Amorphous
Poly-alphaolefin
(APAO) Adhesives, Others), Reactive
& Others (Polyurethane Adhesives, Epoxy Adhesives,
Others)
- Adhesive Application
- Paper & Packaging, Building & Construction,
Woodworking, Automotive & Transportation, Consumer & DIY,
Leather & Footwear, Assembly, Electronics, Medical, Others
- Sealant Resin Type
- Polyurethanes, Silicone, Plastisol, Emulsion, Polysulfide,
Butyl, Others
- Sealants Application
- Building and Construction, Automotive & Transportation,
Consumer, Others
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Eco-friendly Nature of Water-based Adhesives and Sealants
Makes them Popular
Water-based adhesives and sealants are highly popular among many
applications such as construction and packaging. The eco-friendly
nature of such adhesives and sealants is what has made them a
popular choice for almost all end users around the world. Ban on
the use of toxic chemicals to make adhesives and sealants is also a
key factor that is projected to help this segment bolster market
growth over the coming years. High emphasis of governments and
organizations to promote sustainability will also promote the sales
of water-based adhesives and sealants in the future.
Better adhesive and sealing capabilities of solvent-based
adhesives and sealants are making them popular. More and more
companies are investing in the development and manufacturing of
solvent-based adhesives and sealants to capitalize on their growing
demand going forward. The automotive and aerospace industries are
key industry verticals, where the demand for high-performance
solvent-based adhesives and sealants is rising at a notable
pace.
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(TOC):
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High Demand for Infrastructure Development Pushing Adhesives
and Sealants Sales in Building and Construction
Applications
Building and construction activities are changing with the
adoption of novel practices to promote sustainability and keep the
costs minimal. From flooring to roofing, all construction
applications utilize adhesives and sealants in some or other form.
Advancements in material technology and the use of novel
construction approaches are also forecasted to help adhesives and
sealants companies maximize their business scope in the long run.
High emphasis on sustainability is also expected to create new
opportunities for adhesives and sealants providers in this industry
vertical over the coming years.
Polyurethane Adhesives and Sealants to Remain Popular for
Their High Durability
Polyurethane adhesives and sealants are highly preferred in
almost all industry verticals owing to their high versatility and
durability for multiple applications. High adhesive strength and
flexibility offered by polyurethane is also a key factor that helps
this segment hold a high share of the global adhesives and sealants
market.
The global adhesives and sealants market is highly opportune and
offers attractive opportunities for new as well as established
companies. Innovation and sustainability are expected to be key
factors determining the success of any adhesives and sealants
company going forward.
Related Reports:
Elastomeric Sealants Market
Self-Adhesive Labels Market
Automotive Adhesives and Sealants Market
Construction Sealants Market
Medical Adhesives Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj
Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
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SOURCE SkyQuest Technology