बाजार अवलोकन

During the forecast period, the market size for adhesives and sealants is expected to experience substantial growth, increasing from USD 61.44 billion in 2020 USD तक 85.62 billion by 2025, with a compound annual growth rate (सीएजीआर) का 5.69%. The adhesives and sealants industry plays a vital role in various sectors, including aerospace and defense, paper and packaging, construction, manufacturing, and transportation.

The demand for adhesives and sealants has been significantly boosted by the rapid population growth and urbanization witnessed in developing countries such as China, भारत, ब्राज़िल, इंडोनेशिया, मेक्सिको, and Bangladesh. These nations have seen a substantial increase in infrastructure projects and industrial activities, driving the need for adhesives and sealants.

बाजार विभाजन

The market is segmented based on various factors, including type, technology, structure type, end-user, and geography.

Segmentation By Type
Adhesives
Sealants

Segmentation of adhesives by Technology
Water Based
Solvent Based
Hot Melt
Reactive
Pressure Sensitive
Other

Segmentation of Sealants by Structure Type
Silicone
PU
Acrylic
Polysulfide
Butyl
Plastisol
अन्य

Segmentation By End-User Application
Paper and Packaging
Building and Construction
Woodwork and Joinery
Transportation
Consumer/DIY
Footwear and Leather
अन्य

Segmentation by Geography
North America – US, कनाडा
Europe – जर्मनी, फ्रांस, UK, इटली, स्पेन
APAC – चीन, जापान, भारत, South Korea, ऑस्ट्रेलिया
Latin America – ब्राज़िल, मेक्सिको, अर्जेंटीना
Middle East & Africa – दक्षिण अफ्रीका, सऊदी अरब, टर्की, UAE, मिस्र

The distinguishing factor between adhesives and sealants lies in their characteristics, with sealants offering higher elongation but lower strength compared to adhesives.

Among adhesive types, water-based adhesives hold the largest market share, closely followed by pressure-sensitive adhesives. The popularity of water-based adhesives stems from their minimal volatile organic compound (VOC) emissions, making them an environmentally-friendly option.

Silicone sealants stand out for their exceptional low-temperature movement capability, as well as their excellent UV and heat stability. They find major applications in protecting glazing systems, improving thermal performance in insulating glass units, and providing resistance against missile impacts and bomb blasts. फलस्वरूप, silicone sealants dominate the global sealants market.

The paper, board, and packaging segment is a significant consumer of adhesives and is expected to experience rapid growth in the forecast period. The increased demand for packaged food and drinks, flexible packaging, and e-commerce packaging, driven by the fast-paced lifestyle, contributes to this growth.

APAC: The Asia-Pacific region emerges as the largest market for adhesives and sealants globally. Factors driving growth include a growing population, rapid urbanization, and increased demands from industries such as construction, electronics, पैकेजिंग, medical and healthcare, among others.

Europe: Germany holds the largest market share for adhesives and sealants in Europe. Key end-use sectors in Europe include building and construction, paper and board, industrial assembly, and transportation, with industrial applications accounting for half of the product usage. The rise of e-commerce applications has further fueled demand in the paper and board segment.

North America: Silicone-based sealants are expected to dominate the sealants industry in this region due to their numerous advantages. The electronics industry is projected to be one of the fastest-growing segments, driven by increased demand for electronic devices, 5G technology, smartphones, healthcare and lifestyle devices, and electric cars.

Latin America: The increased popularity of biobased adhesives has led to innovations in green adhesives and sealants, creating a new market in the region.

Middle East & Africa: Investments in non-oil sectors across Middle Eastern countries are expected to drive rapid growth in the demand for adhesives and sealants.

प्रतिस्पर्धी परिदृश्य

The adhesive and sealants market is dominated by key companies such as Henkel, H.B. Fuller, Arkema S.A, Avery Dennison, and 3M. One key strategy for these companies to maintain their presence in the market is to focus on enhancing partnerships. By forming strategic alliances or acquiring other companies, they can facilitate the exchange of technologies and improve product offerings.

To cater to the needs of the electronics industry, companies should invest in the production of diverse grades of adhesives and sealants. Printed circuit boards (PCBs), which are essential components of almost every electronic product, require adhesives for protection against vibrations, solvents, moisture, dust, and other factors. फलस्वरूप, there will be a significant increase in the demand for adhesives from this sector in the projected period.

In addition, manufacturers should allocate resources to research and development efforts aimed at bio-based adhesives and sealants. As environmental concerns lead to changing and stricter regulations, bio-based alternatives present substantial opportunities for growth. Therefore, investing in the development of sustainable and eco-friendly adhesive and sealant solutions aligns with market trends and demands.

Key companies profiled in this report include Henkel, H.B. Fuller, Arkema S.A., Avery Dennison, 3M, Sika AG, Huntsman Corporation, RPM International Inc., Pidilite Industries Ltd., Dow Chemical Company, Evonik Industries AG, Beardow Adams, Franklin International, Wacker Chemie AG, ITW, DuPont, Lintec Corporation, Ashland Global, Eastman Chemical Company, Delo Industrial Adhesives, Jowat SE, General Sealants Inc., Berry Global, Inc., Chemence, Dymax, Hexcel Corporation, Master Bond.

Key Questions Answered

What is the size of the adhesives and sealants market?

The adhesives and sealants market was valued at USD 61.44 billion in 2020 and is projected to reach USD 85.62 billion by 2026.

Who are the major players in the adhesives and sealants market?

The key players in the adhesives and sealants market are Henkel, H.B. Fuller, Arkema S.A, Avery Dennison, and 3M.

Which segment of the adhesives and sealants industry has the highest growth potential?

The paper, board, and packaging segment, which is a major consumer of adhesives, is expected to experience the highest growth in the forecast period.

Which region dominates the adhesives and sealants market?

The Asia-Pacific (APAC) region held the largest share in the adhesives and sealants market in 2020.

What are the latest trends in the adhesive and sealants industry?

The latest trends in the adhesive and sealants industry include the growing demand for bio-based adhesives and increased usage in the medical industry.

What are the different types of adhesives and sealants?

Adhesives are categorized by technology, including waterborne, solvent-borne, hot melt, reactive PSA, और दूसरे. Sealants are classified by structure type, such as silicone, PU, acrylic, polysulfide, butyl, plastisol, और दूसरे.

What factors contribute to the significant demand for adhesives in the electronics industry?

The significant demand for adhesives in the electronics industry can be attributed to the recent trend of lightweight yet durable and high-performance devices. Adhesives are extensively used in applications like bonding surface mount components, wire tacking, conformal coatings, and potting components in printed circuit boards (PCBs), which are crucial components in the telecommunications, consumer electronics, computer, and automotive sectors.