Adhesives And Sealants Market to Reap Excessive Revenues By 2030

Adhesives And Sealants Market Growth & Trends

The global adhesives and sealants market size was estimated at USD 107.27 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2030. Rising investments in construction and infrastructure is projected to play a key role in the expansion of the global adhesive & sealants industry. 

The positive outlook of infrastructure projects across Asia, the U.S., the Middle East, and Eastern Europe is likely to fuel the demand for adhesives and sealants over the coming years. With environmental regulations forcing industry participants to adopt eco-friendly products, water-based and non-solvent products are projected to gain greater prominence in the market in the near future.

Increasing infrastructure spending across residential and commercial sectors worldwide is propelling the installation of different types of flooring such as resilient and wooden, which, in turn, is fueling the consumption of adhesives and sealants. The rising need for residential space on account of the increasing population as well as the rising standard of living is leading toward the growth of the global industry. 

The adoption of adhesive products is substituting the usage of mechanical fasteners in industries such as automotive, aerospace, and packaging. The use of such products instead of conventional equipment offers a reduction in the final weight of the product, which has become a key focus area in the automotive and aerospace industries over the last half a decade. Most formulators in the packaging industry also rely on adhesives rather than heavy bolting techniques to minimize their freight charges. 

The major demand arises across multiple application scopes as buyers from diverse fields demand high-quality, sustainable, and eco-friendly products. The demand is high for adhesives & sealants, which have lower levels of Volatile Organic Compounds (VOCs), give out fewer emissions, and provide aesthetic bonding solutions across numerous substrates, simultaneously meeting international and regional government regulations. Water-based products are considered environment-friendly since they contain zero VOCs. They also provide good long-term high temperature and moisture resistance.

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Adhesives And Sealants Market Report Highlights

• Adhesives accounted for a revenue share of over 86% in 2022 in the global market. The market is projected to grow on account of rising construction spending around the world, owing to growing demand in applications such as flooring, carpet laying, countertop lamination, and drywall lamination, etc
• In terms of volume, Asia Pacific was the largest regional market in 2023 and is anticipated to maintain its dominance over the forecast period. The growth of the region is primarily attributed to the expansion of industrial sectors in countries such as China, India, South Korea, Indonesia, and Singapore among others
• Paper & packaging application segment accounted for a volume share of 29.38% in 2023, in global adhesives demand. Rising demand for flexible packaging for end-use industries such as food & beverage and consumer is projected to benefit the expansion of the segment
• The water-based technology segment is projected to grow on account of excellent joining quality and fast set speed and reduction in the usage of solvent-based technology formulations. This segment is likely to grow at a CAGR of 6.5% from 2023 to 2030, in terms of revenue

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Adhesives And Sealants Market Segmentation

Grand View Research has segmented the adhesives and sealants market report based on product, technology, application, and region

Adhesives Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Water Based
• Solvent Based
• Hot Melt
• Reactive & Others

Adhesives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Acrylic
• PVA
• Polyurethanes
• Styrenic block
• Epoxy
• EVA
• Others

Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Paper & packaging
• Consumer & DIY
• Building & construction
• Furniture & woodworking
• Footwear & leather
• Automotive & transportation
• Medical
• Others

Sealants Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Silicones
• Polyurethanes
• Acrylic
• Polyvinyl acetate
• Others

Sealants Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Construction
• Automotive
• Packaging
• Assembly
• Consumers
• Others

Adhesives & Sealants Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
  • Russia
  • Italy
  • Spain
  • Turkey
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
• Central & South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE

List of Key Players in Adhesives And Sealants Market

• 3M Company
• Ashland Inc.
• Avery Denison Corporation
• H B Fuller
• Henkel AG
• Sika AG
• Pidilite Industries
• Huntsman
• Wacker Chemie AG
• RPM International Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.