Adhesives and Sealants Market by Product (Adhesives, Sealants), Application (Paper & Packaging, Building & Construction, Footwear & Leather) and Geography

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Adhesives and Sealants Market by Product (Adhesives, Sealants), Application (Paper & Packaging, Building & Construction, Footwear & Leather) and Geography-Forecast to 2031

The research report titled, 'Adhesives and Sealants Market by Product (Adhesives, Sealants), Application (Paper & Packaging, Building & Construction, Footwear & Leather) and Geography-Forecast to 2031', provides an in-depth analysis of adhesives and sealants market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.

The adhesives and sealants market is projected to reach $87.2 billion by 2031, at a CAGR of 3.8% from 2024-2031. The growth of this market can be attributed to several factors: the growing adoption of adhesives & sealants in the building & construction industry and the increasing demand for adhesives in the healthcare industry. However, the high fluctuations in raw material pricing may restrain the growth of this market.

Furthermore, the increasing demand for adhesives & sealants in the packaging industry and increasing investment in the building & construction industry in developing economies are expected to offer growth opportunities for the players operating in this market. However, strict process control in the adhesives industry is a major challenge impacting the growth of the adhesives and sealants market.

The adhesives and sealants market is segmented by product (adhesive, {acrylic, cyanoacrylate, silicone, polyurethane, epoxy, ethylene vinyl acetate, other adhesives products}, sealants {acrylic, epoxy, silicone, polyurethane, other sealants products}, application (building & constructions, paper & packaging, automotive, transportation, semiconductor & electronics, footwear & leather, healthcare, and other applications), and geography. The study also evaluates industry competitors and analyses the market at the country and regional levels.

Based on product, the adhesives and sealants market is segmented into adhesives and sealants. In 2024, the adhesives segment is expected to account for the larger share of 80.0% of the adhesives and sealants market. The segment's large share is attributed to the growing adoption of adhesives in the paper & packaging industry, the rising demand for adhesives in the healthcare sector, and the rising demand for adhesives manufacturing tapes & labels for general-purpose repair and heavy-duty carton sealing. In addition, the benefits offered by the adhesives segment, such as bonding versatility, strength, durability, improved aesthetics, corrosion protection, enhanced performance, and substrate compatibility, contribute to this segment's growth. Also, several leading key players are taking initiatives to improve productivity. For instance, in January 2023, H.B. Fuller Company (U.S.) launched its new bio-compatible adhesive for medical applications. This product delivers effective high tack, secure, and quick bonding under high temperatures. Also, this segment is projected to register a higher CAGR during the forecast period of 2024-2031.

Based on application, the adhesives and sealants market is segmented into building & construction, paper & packaging, automotive, transportation, semiconductor & electronics, footwear & leather, healthcare, and other applications. In 2024, the paper & packaging segment is expected to account for the largest share of 30.0% of the adhesives and sealants market.

However, the building construction segment is expected to grow at the highest CAGR during the forecast period of 2024-2031. The rapid technological & architectural innovation, increasing demand for adhesives & sealants to fill cracks and sealing joints, and rising demand for adhesives and sealants to provide high-strength bonds & enhance the structural integrity of buildings are expected to support the growth of this segment.

Based on geography, the adhesives and sealants market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of 37.0% of the adhesives and sealants market. The growing adoption of adhesives and sealants in the paper & packaging industry, increasing investment in developing economies, and rising adoption of adhesives in the automotive industry are expected to support the growth of the region.

The presence of prominent players offering adhesives and sealants is also supporting the growth of this regional market. For instance, in September 2023, DuPont (U.S.) opened its new adhesives production facility in Zhangjiagang (ZJG), East China. The new facility will produce adhesives to serve customers in the transportation industry, primarily in lightweight and fast-growing vehicle electrification applications. Furthermore, in May 2021, Henkel AG & Co. KGaA (Germany) announced the construction of a new Adhesive Technologies Innovation Center in Shanghai. The state-of-the-art facility will transform Henkel's current Zhangjiang site into an Innovation Center for China and Asia-Pacific. The new site will also strengthen the position of Henkel Adhesive Technologies to serve a variety of industries and develop leading adhesives, sealants and functional coatings solutions for customers in the region.

Moreover, the Asia-Pacific region is projected to register the highest CAGR of 5.0% during the forecast period.

Key Players:

The key players operating in the adhesives and sealants market are Cabot Corporation (U.S.), Ashland Global Holdings Inc. (U.S.), Avery Dennison Corporation (U.S.), H.B. Fuller Company (U.S.), Henkel AG & Co. KGaA (Germany), Arkema S.A.(France), Huntsman Corporation (U.S.), Wacker Chemie AG (Germany), Uniseal Inc. (U.S.), Sika AG (Switzerland), Akzo Nobel N.V. (Netherlands), Dymax Corporation (U.S.), MAPEI S.p.A. (Italy), Meridian Adhesives Group (U.S.), and 3M Company (U.S.).

Key questions answered in the report-

Which are the high-growth market segments based on product, application, and geography?
What was the historical market size adhesives and sealants?
What are the market forecasts and estimates for the period 2024-2031?
What are the major drivers, restraints, opportunities, and challenges in the adhesives and sealants market?
Who are the major players, and what shares do they hold in the adhesives and sealants market?
What is the competitive landscape like in the adhesives and sealants market?
What are the recent developments in the adhesives and sealants market?
What are the growth strategies adopted by major players in the adhesives and sealants market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global adhesives and sealants market, and how do they compete with the other players?

Scope of the Report:

Adhesives and Sealants Market Assessment-by Product

Adhesives
- Acrylic
- Cyanoacrylate
- Silicone
- Polyurethane
- Epoxy
- Ethylene Vinyl Acetate (EVA)
- Other Adhesives
Sealants
- Acrylic
- Epoxy
- Silicone
- Polyurethane
- Other Sealants

Adhesives and Sealants Market Assessment-by Application

Building & Constructions
Paper & Packaging
Automotive
Transportation
Semiconductor & Electronics
Footwear & Leather
Healthcare
Other Applications

Adhesives and Sealants Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Italy
- Poland
- Switzerland
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Singapore
- South Korea
- Australia & New Zealand
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- Rest of the Middle East & Africa

Product Code: MRCHM - 1041189

1. Introduction

1.1. Market Definition & Scope
1.2. Currency and Limitations
- 1.2.1. Currency
- 1.2.2. Limitations

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection and Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

3.1. Overview
3.2. Market Analysis, by Product
3.3. Market Analysis, by Application
3.4. Market Analysis, by Geography
3.5. Competitive Analysis

4. Market Insights

4.1. Overview
4.2. Factors Affecting Market Growth
- 4.2.1. Drivers
  - 4.2.1.1 Growing Adoption of Adhesives & Sealants in the Building & Construction Industry
  - 4.2.1.2 Increasing Demand of Adhesives in Healthcare Sector
- 4.2.2. Restraints
  - 4.2.2.1. High Fluctuations in Raw Material Pricing
- 4.2.3. Opportunities
  - 4.2.3.1. Increasing Demand for Adhesives & Sealants in the Packaging Industry
  - 4.2.3.2. Growing Adoption of Adhesives & Sealants in the Building & Construction Industry in Emerging Economies
- 4.2.4. Challenges
  - 4.2.4.1. Strict Process Control in the Adhesives Industry
4.4. Vendor Selection Criteria/Factors Influencing Purchase Decisions
4.5. Case Studies

5. Global Adhesives and Sealants Market Assessment-by Product

5.1. Overview
5.2. Adhesives
- 5.2.1. Acrylic
- 5.2.2. Cyanoacrylate
- 5.2.3. Silicone
- 5.2.4. Polyurethane
- 5.2.5. Epoxy
- 5.2.6. Ethylene Vinyl Acetate (EVA)
- 5.2.7. Other Adhesives Products
5.3. Sealants
- 5.3.1. Acrylic
- 5.3.2. Epoxy
- 5.3.3. Silicone
- 5.3.4. Polyurethane
- 5.3.5. Other Sealants Products

6. Global Adhesives and Sealants Market Assessment-by Application

6.1. Overview
6.2. Building & Construction
6.3. Paper & Packaging
6.4. Automotive
6.5. Transportation
6.6. Semiconductor & Electronics
6.7. Footwear & Leather
6.8. Healthcare
6.9. Other Applications

7. Adhesives and Sealants Market Assessment-by Geography

7.1. Overview
7.2. North America
- 7.2.1. U.S.
- 7.2.2. Canada
7.3. Europe
- 7.3.1. U.K.
- 7.3.2. Germany
- 7.3.3. France
- 7.3.4. Spain
- 7.3.5. Italy
- 7.3.6. Poland
- 7.3.7. Switzerland
- 7.3.8. Rest of Europe
7.4. Asia-Pacific
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. India
- 7.4.4. Singapore
- 7.4.5. South Korea
- 7.4.6. Australia & New Zealand
- 7.4.7. Rest of Asia-Pacific
7.5. Latin America
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
7.6. Middle East & Africa
- 7.6.1. Saudi Arabia
- 7.6.2. UAE
- 7.6.3. Rest of the Middle East & Africa

8. Competition Analysis

8.1. Overview
8.2. Key Growth Strategies
8.3. Competitive Benchmarking
8.4. Competitive Dashboard
- 8.4.1. Industry Leaders
- 8.4.2. Market Differentiators
- 8.4.3. Vanguards
- 8.4.4. Emerging Companies
8.5. Market Ranking, by Key Players

9. Company Profiles

9.1. Cabot Corporation (U.S.)
9.2. Ashland Global Holdings Inc. (U.S.)
9.3. Avery Dennison Corporation (U.S.)
9.4. H.B. Fuller Company (U.S.)
9.5. Henkel AG & Co. KGaA (Germany)
9.6. Arkema S.A.(France)
9.7. Huntsman Corporation (U.S.)
9.8. Wacker Chemie AG (Germany)
9.9. Uniseal Inc. (U.S.)
9.10. Sika AG (Switzerland)
9.11. Akzo Nobel N.V. (Netherlands)
9.12. Dymax Corporation (U.S.)
9.13. MAPEI S.p.A. (Italy)
9.14. Meridian Adhesives Group (U.S.)
9.15. 3M Company (U.S.)

10. Appendix

10.1. Available Customization