Adhesives And Sealants Industry Overview
The global adhesives and sealants market size was valued at USD 63.79 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030.
Changes in material consumption patterns, wherein materials, such as aluminum, metal, and paper, are being replaced by highly durable materials. This is anticipated to positively affect the products demand in packaging applications, over the next eight years.
Gather more insights about the market drivers, restrains and growth of the Global Adhesives And Sealants Market
Consistent demand for packaging products from the food & beverage industry is anticipated to remain the key driver for the market in the U.S. Additionally, the increasing presence of discount retailers in the U.S. and the high potential for grocery retail is likely to push the adhesive demand for packaging products. This, in turn, is likely to benefit the long-term growth of the market.
The paper & packaging application segment in the U.S. adhesives market is expected to emerge as the fastest-growing application segment at an estimated CAGR of 4.9% from 2022 to 2030. Increasing demand for bio-based products is expected to augment the demand for hot melt technology over the forecast period and contribute to the expansion of the paper & packaging segment.
The COVID-19 pandemic affected the adhesive & sealant products demand in the U.S. According to the government report, the GDP of the U.S. shrunk by 3.5% in 2020 from 2019, owing to a decline in the manufacturing output of end-use industries such as building & construction, automotive & transportation, aerospace & defense, packaging, and consumer. Overall, adhesives volume registered Y-O-Y growth of 0.4% in 2020.
Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
- Surgical Masks Market – The global surgical masks market size was valued at USD 3.60 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2030. The growth of the market can be attributed to improved healthcare expenditure as well as the increasing significance of respiratory protection in the healthcare industry, particularly during the COVID-19 pandemic.
- Silicone Market – The global silicone market size was valued at USD 18.59 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2022 to 2030. The growing demand for silicone in various end-user industries including personal care, consumer goods, industrial process, and construction is expected to drive industry growth over the forecast period.
Adhesives And Sealants Market Segmentation
Grand View Research has segmented the global adhesives market based on product, technology, application, and region; and segmented the global adhesives and sealants market based on product, application, and region, as follows
Adhesives Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)
- Water based
- Solvent based
- Hot melt
- Reactive & other
Adhesives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)
- Styrenic block
Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)
- Paper & packaging
- Consumer & DIY
- Building & construction
- Furniture & woodworking
- Footwear & leather
- Automotive & transportation
Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
Key Companies profiled:
Some prominent players in the global adhesives and sealants market include
- 3M Company
- Ashland Inc.
- Avery Denison Corporation
- H B Fuller
- Henkel AG
- Sika AG
- Pidilite Industries
- Wacker Chemie AG
- RPM International Inc.
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