Adhesive and Sealants Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global Adhesive and Sealants Market Size accounted for USD 62.9 Billion in 2021 and is estimated to achieve a market size of USD 103.2 Billion by 2030 growing at a CAGR of 5.8% from 2022 to 2030. The adhesive and sealants market growth is primarily driven by a steady demand for packaging items from the food and beverage sector. Furthermore, the increased demand for bio-based adhesives is expected to create enormous potential for the adhesive and sealants market value over the projection period.

Adhesive and Sealants Market Report Key Highlights

• Global adhesive and sealants market revenue intended to gain USD 103.2 billion by 2030 with a CAGR of 5.8% from 2022 to 2030
• Asia-Pacific region led with more than 35.8% adhesive and sealants market share in 2021
• Europe regional market is expected to grow at a CAGR of more than 6% during the forecast period
• Among adhesive application, construction category engaged more than 28% of the total market share
• By adhesive technology, reactive & others segment generated about 48% market share in 2021
• Rising necessity for non-hazardous and sustainable products, drives the adhesive and sealants market size

The sealant is the type of mechanical seal and material used to lump the passage of fluids through the surface or joints or openings in material, whereas an adhesive is a chemical mixture used for joining two surfaces. The adhesive and sealants both are similar in technologies and chemicals formulated and also used for a wide range of applications. Additionally, adhesives and sealants come under the same industry but their uses are distinct in various applications. Generally, adhesives are used for applications related to holding and bonding owing to their features such as high tensile, and shear strength. Moreover, sealants are mostly used to resist relative movements of substrates and to fill gaps due to greater flexibility but in terms of strength, it is lower than adhesives.

Global Adhesive and Sealants Market Trends

Market Drivers

• Growing demands from the packaging industry
• Shifting focus toward adhesive bonding for composite materials
• Increased demand in the medical industry
• Growth in the consumer products industry

Market Restraints

• Stringent environmental regulations
• Rising VOC Emissions

Market Opportunities

• Significantly raise industrial activities due to globalization
• Rising necessity for non-hazardous and sustainable adhesives and sealants

Adhesive and Sealants Market Report Coverage

The factors driving the growth of the market include the usage of adhesives and sealants in the applications such as vehicles and aircraft which help in weight reduction. Accordingly, the automotive industry is replacing welding techniques of the engine parts with products of adhesives and sealants, which improves fuel efficiency owing to the reduction in weight. Recently, increase in the adoption of adhesive and sealants in the construction industry for glass building infrastructures which are mostly preferred by the organization to improve the look of the structure; hence, sealants are used for installing glass sheets inside the panel to attain waterproof structure. Furthermore, the adhesive is used extensively in the disposable medical device sector owing to the improved methods of processing and technology. However, the factors that contribute to flourishing the growth of adhesives and sealants market is due to advancements in medical procedures and the geriatric population.

Adhesive and Sealants Market Segmentation

The worldwide adhesive and sealants market segmentation is based on the adhesive technology, adhesive product, adhesive application, sealant product, sealant application, and geography.

Adhesive and Sealants Market By Adhesive Technology

• Water Based
• Hot Melt
• Solvent Based
• Reactive & Other

According to the adhesive and sealants industry analysis, the reactive & others segment held a significant market share in 2021. Reactive technology-based products provide various benefits in a wide range of industries and are thus driving the segment's growth. The benefits include faster manufacturing speeds because of the quick setting time, improved high thermal stability, and strong adhesive qualities to a variety of substrates. 

Adhesive and Sealants Market By Adhesive Product

• Acrylic
• PVA
• Polyurethanes
• Styrenic Block
• Epoxy
• Eva
• Other

In terms of adhesive products, the polyurethane segment is gaining market traction. Polyurethane adhesive materials have great features like fast drying, good wear and resistance to chemical attack, and excellent binding strength on a variety of substrates like plastic, rubber, metal, wood, and glass. Such products are often based on responsive technology and comprise urethane-linked polymers. These ingredients give adhesive firmness, low viscosity, as well as a shorter cure time.

Adhesive and Sealants Market By Adhesive Application

• Pressure sensitive applications
• Footwear
• Packaging
• Construction
• Furniture
• Automotive
• Other

According to the adhesive and sealants market forecast, the construction segment is expected to generate numerous potential in the industry in the coming years. This segment of the adhesives and sealants industry is undergoing rapid technological and architectural advancement. Airports, mining sites, transportation systems, and also residential developments are undergoing massive transformations to meet changing norms and specifications.

Adhesive and Sealants Market By Sealant Product

• Silicones
• Polyurethanes
• Acrylic
• Polyvinyl acetate
• Other

Based on the sealant product, the silicone segment had the highest consumption in the sealants market. The segment is expected to grow due to increased construction activity and infrastructure spending. The growth of the category is expected to profit from the building of bridges, museums, chemical/industrial process units, stadiums, halls, research centers, as well as medical buildings.

Adhesive and Sealants Market By Sealant Application

• Construction
• Packaging
• Automotive
• Pressure sensitive tapes
• Assembly
• Consumers
• Other

In terms of sealant application, the construction segment is dominating the global market in 2021. This market segment is on a continuous rise and is consistently reporting significant gains. As a result, demand for the building element is boosted, increasing the requirement for sealants and supporting market expansion.

Adhesive and Sealants Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)