Adhesives and Sealants Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Adhesive Technology (Water-borne, Solvent-borne, Reactive, Hot Melt, and Other Technologies), Sealant Product Type (Silicone, Polyurethane, Acrylic, Polyvinyl Acetate, and Other Sealant Product Types), End-user Industry (Building and Construction, Paper, Board, and Packaging, Transportation, Woodworking and Joinery, Footwear and Leather, Healthcare, Electrical and Electronics, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

Greater Than 5 %

Major Players:

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Market Overview

The adhesives and sealants market is expected to register a CAGR of more than 5% during the forecast period. The major factors driving the growth of the market studied are the shifting focus toward the usage of composites and the increasing demand from the packaging industry. On the flip side, stringent environmental regulations regarding VOC emissions serve as one of the stumbling blocks in the growth of the market studied.

  • The packaging segment dominated the market and is likely to grow during the forecast period, owing to the robust growth in demand for packaging materials from the food and beverage and e-retail companies.
  • The rising demand for bio-based adhesives is likely to provide huge opportunities for the market studied over the forecast period.
  • Asia-Pacific dominated the market across the world, with robust demand from the end-user industries, such as packaging, transportation, electronics, construction, and furniture industry.

Scope of the Report

The adhesives and sealants market report includes:

Adhesives Technology
Water-borne
Acrylic
Polyvinyl Acetate (PVA) Emulsion
Ethylene Vinyl Acetate (EVA) Emulsion
Polyurethane Dispersion and CR (Chloroprene Rubber) Latex
Other Water-borne Adhesives
Solvent-borne
Chloroprene Rubber
Poly Acrylate (PA)
Styrenic Block Copolymers
Other Solvent-borne Adhesives
Reactive
Polyurethane
Epoxy
Cyanoacrylate
Modified Acrylic
Anaerobic
Silicone
Other Reactive Adhesives
Hot Melt
Ethylene Vinyl Acetate
Styrenic Block Copolymers
Thermoplastic Polyurethane
Other Hot Melt Adhesives
Other Technologies
Sealant Product Type
Silicone
Polyurethane
Acrylic
Polyvinyl Acetate
Other Sealant Product Types
End-user Industry
Building and Construction
Paper, Board, and Packaging
Transportation
Woodworking and Joinery
Footwear and Leather
Healthcare
Electrical and Electronics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Australia & New Zealand
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

The Paper, Board, and Packaging Segment to Dominate the Market Demand

  • The paper, board, and packaging segment is the largest consumer of the adhesives and sealants market. The packaging industry has been witnessing strong demand from end-user industries, such as food and beverages, cosmetics, consumer goods, stationery, and other end-user industries.
  • Online retail shopping is increasing at a higher rate with the rising internet technologies and web applications, which has largely supported the growth of the packaging industry.
  • Moreover, the demand for cosmetics and food and beverage products is expected to grow due to the growing population and demand for quality products, urbanization, and consumers inclining toward technology, hence fueling the demand for packaging industry.
  • Asia-Pacific is expected to witness strongest growth in the demand for packaging materials, due to robust economic performance of the developing countries, promising robust market demand, and the growing population, whih is adding new demand to the market.
  • Matured markets like Europe and North America are also expected to witness noticeable growth in their packaging industry due to the influence of the online retail business trends.
  • Hence, with such robust growth of packaging industry across the world, the demand in the adhesives and sealants market is also expected to increase during the forecast period.

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Asia-Pacific to Dominate the Market

  • Asia-Pacific region dominated the global market share of more than 40%. The increasing demand from industries, such as packaging, construction, electronics, and transportation.
  • Industries such as food and beverage, cosmetics, and consumer goods are continuously seen innovating new products, increasing production, and resorting to attractive packaging materials in order to attract customers.
  • Manufacturing companies have been shifting to flexible packaging, as it is lightweight and helps to facilitate selling products in different quantities without making much difference in packaging cost, as in the case of metal or glass packaging.
  • This has been leading to robust growth in the demand for flexible packaging, which is further creating a noticeable demand for adhesives in packaging applications.
  • The automotive industry has been switching to lightweight materials from heavy metals in order to reduce the weight of the vehicles. This has been facilitating the use of adhesives and sealants in the automotive industry.
  • However, the slowdown in the automotive industry is, in turn, acting as a hindering factor to the market.
  • On the brighter side, ASEAN Countries exhibited relatively positive growth in the production of vehicles in the region. Hence, all such trends in the automotive industry in the region is expected to add to the demand for adhesives and sealants in the region during the forecast period.
  • Hence, such market trends are expected to drive the growth of the adhesives and sealants market in the region during the forecast period.

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Competitive Landscape

The market for adhesives and sealants is fragmented with the top five players accounting for almost 36% of the market. Some of the major players in the market include Henkel AG & Co. KGaA, 3M, H.B. Fuller, Arkema Group, and Sika AG, amongst others.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Report

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Shifting Focus Toward Adhesive Bonding for Composite Materials

      2. 4.1.2 Increasing Demand from the Packaging Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations Regarding VOC Emissions

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Adhesives Technology

      1. 5.1.1 Water-borne

        1. 5.1.1.1 Acrylic

        2. 5.1.1.2 Polyvinyl Acetate (PVA) Emulsion

        3. 5.1.1.3 Ethylene Vinyl Acetate (EVA) Emulsion

        4. 5.1.1.4 Polyurethane Dispersion and CR (Chloroprene Rubber) Latex

        5. 5.1.1.5 Other Water-borne Adhesives

      2. 5.1.2 Solvent-borne

        1. 5.1.2.1 Chloroprene Rubber

        2. 5.1.2.2 Poly Acrylate (PA)

        3. 5.1.2.3 Styrenic Block Copolymers

        4. 5.1.2.4 Other Solvent-borne Adhesives

      3. 5.1.3 Reactive

        1. 5.1.3.1 Polyurethane

        2. 5.1.3.2 Epoxy

        3. 5.1.3.3 Cyanoacrylate

        4. 5.1.3.4 Modified Acrylic

        5. 5.1.3.5 Anaerobic

        6. 5.1.3.6 Silicone

        7. 5.1.3.7 Other Reactive Adhesives

      4. 5.1.4 Hot Melt

        1. 5.1.4.1 Ethylene Vinyl Acetate

        2. 5.1.4.2 Styrenic Block Copolymers

        3. 5.1.4.3 Thermoplastic Polyurethane

        4. 5.1.4.4 Other Hot Melt Adhesives

      5. 5.1.5 Other Technologies

    2. 5.2 Sealant Product Type

      1. 5.2.1 Silicone

      2. 5.2.2 Polyurethane

      3. 5.2.3 Acrylic

      4. 5.2.4 Polyvinyl Acetate

      5. 5.2.5 Other Sealant Product Types

    3. 5.3 End-user Industry

      1. 5.3.1 Building and Construction

      2. 5.3.2 Paper, Board, and Packaging

      3. 5.3.3 Transportation

      4. 5.3.4 Woodworking and Joinery

      5. 5.3.5 Footwear and Leather

      6. 5.3.6 Healthcare

      7. 5.3.7 Electrical and Electronics

      8. 5.3.8 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 ASEAN Countries

        6. 5.4.1.6 Australia & New Zealand

        7. 5.4.1.7 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

        4. 5.4.2.4 Rest of North America

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 AdCo (UK) Ltd

      3. 6.4.3 Arkema Group (Bostik SA)

      4. 6.4.4 Artimelt AG

      5. 6.4.5 Ashland

      6. 6.4.6 Avery Dennison Corporation

      7. 6.4.7 Beardow Adams

      8. 6.4.8 Buhnen GmbH & Co. KG

      9. 6.4.9 CHEMENCE

      10. 6.4.10 DELO Industrial Adhesives

      11. 6.4.11 Dow

      12. 6.4.12 Dymax Corporation

      13. 6.4.13 Franklin International

      14. 6.4.14 General Sealants Inc.

      15. 6.4.15 H.B. Fuller Company

      16. 6.4.16 Henkel AG & Co. KGaA

      17. 6.4.17 Hexcel Corporation

      18. 6.4.18 Huntsman International LLC

      19. 6.4.19 ITW Performance Polymers

      20. 6.4.20 Jowat SE

      21. 6.4.21 LINTEC Corporation (Mactac)

      22. 6.4.22 LORD Corporation

      23. 6.4.23 Mapei SpA

      24. 6.4.24 Master Bond

      25. 6.4.25 merz+bentel

      26. 6.4.26 Paramelt BV

      27. 6.4.27 Permabond LLC

      28. 6.4.28 Pidilite Industries Ltd

      29. 6.4.29 RPM International Inc.

      30. 6.4.30 Sashco, Inc.

      31. 6.4.31 Sika AG

      32. 6.4.32 The Soudal Group

      33. 6.4.33 TESA SE - A Beiersdorf Company

      34. 6.4.34 The Reynolds Company

      35. 6.4.35 Yokohama Industries Americas Inc.

      36. 6.4.36 UniSeal, Inc.

      37. 6.4.37 Wacker Chemie AG

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Rising Demand for Bio-based and Hybrid Adhesives

    2. 7.2 Other Opportunities

** Subject to Availability

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