Considerable Growth Foreseen In The Global Adhesive And Sealants Market

Author : Acumen Research and Consulting

A variety of paper bonding applications ranging from corrugated box construction and the lamination of printed sheets to packaging material used for all types of consumers’ products to the production of large industrial tubes and cores used by manufacturers of roll goods and other materials require the utilization of adhesives. Every day consumer products that include paper towels, bathroom tissue, and books all use adhesives. Near about each and every product of all industries is sold in packaging-either due to stability requirements for storage and transport or for decorative purpose. Essential requirements on overprinted packaging materials, in particular, the various types of packaging equipment used for foods, are their strength, constancy to heat and impermeability to moisture, oxygen, and aromas. These properties along with preferred appearance can usually only be obtained by combining different materials.

Adhesives & sealants market is being driven towards development due to the rising demand for packaging material and automobile production. As the automotive industry is using adhesive & sealants products as alternatives for welding activities of engine parts assembly which results to increase in fuel efficiency and reduce vehicle weight. Additionally, infrastructure activities showcase a strong growth which is likely to drive the growth of adhesives & sealants market. Furthermore, rapid growth in population and urbanization in developing countries combined with rebounding construction activities in developed markets of Europe and the U.S. is fuelling the demand for adhesives & sealants products.

It is expected that the global adhesive and sealants market is expected to reach a market value of over USD 83 billion by the year 2026, growing at a CAGR of 5%.

However, the market is facing some hindrances hampering its growth. One of which is the respiratory issues that solvent- based adhesives may cause due to their tendency to react with nitrogen oxides present in the atmosphere to form ozone. Increasing popularity of environment-friendly adhesives over traditional solvent-based however, presents a growth opportunity for the market.

Here are some more points to help explain about the global adhesive and sealants market:

  • The pressure sensitive segment holds a major portion and is likely to continue its dominance in the market due to a rise in demand for adhesives & sealants from the end-user industries during the forecast period.
  • Some of the key players operating in the global adhesive and solvents market, include BASF SE, 3M Company, The Dow Chemical Company, Ashland Inc., Ashland Inc., Avery Denison Corporation, Arkema, Beardow & Adams Limited, Eastman Chemical Company, Ellsworth Adhesives, H.B Fuller Company, Henkel AG & Co., Momentive Specialty Chemical Industries, N.D. Industries Inc., Sika AG, Uniseal Inc. and among others.