Market Size of Adhesives And Sealants Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 81.03 Billion |
| Market Size (2029) | USD 109.82 Billion |
| CAGR (2024 - 2029) | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Adhesives And Sealants Market Analysis
The Adhesives And Sealants Market size is estimated at USD 81.03 billion in 2024, and is expected to reach USD 109.82 billion by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).
COVID-19 had a significant impact on the adhesives and sealants market, causing both disruptions and opportunities. The pandemic led to lockdowns and disruptions in the construction, automotive, and manufacturing end-user industries. This resulted in a decline in demand for adhesives and sealants in the short term. However, the pandemic also fueled the demand for adhesives and sealants used in medical supplies, personal protective equipment, and hygiene products. The market studied has now recovered from the initial impact of COVID-19, and it is expected to continue to grow in the long term.
- Expanding packaging and building and construction industries worldwide are expected to drive the demand in the market studied during the forecast period.
- However, strict environmental regulations set by the government on the use of volatile organic compounds are anticipated to hamper the growth of the market.
- The increasing awareness about renewable and eco-friendly products is projected to generate opportunities in the adhesives and sealants market in the coming years.
- The Asia-Pacific region represents the largest market. It is also expected to be the fastest-growing market over the forecast period. This is due to the rise in consumption from China, India, and ASEAN countries.
