Adhesives and sealants are essential compounds utilized to bond two surfaces together. While adhesives focus on creating a strong bond between surfaces, sealants are designed to fill any gaps that may exist after the adhesive has been applied. The primary role of sealants is to prevent foreign materials from infiltrating the space between the bonded surfaces. These compounds find extensive applications in various products, including camera lenses, printed circuit boards (PCBs), connectors, and more. The use of adhesives and sealants spans multiple sectors, such as automotive and transportation, paper and packaging, construction, woodworking, and others.
MARKET SCOPE
The report titled "Global Adhesives and Sealants Market Analysis to 2028" presents a comprehensive examination of the chemicals and materials sector, with a particular emphasis on global market trends. It aims to deliver a thorough overview of the adhesives and sealants market, featuring detailed segmentation based on adhesive types, sealant types, applications, and geographical regions. The report also highlights key statistics regarding the market status of leading players in the adhesives and sealants industry, along with significant trends and opportunities.
MARKET SEGMENTATION
- Adhesives are categorized by type into solvent-borne, hot-melt, reactive, thermosetting, and others.
- Sealants are classified by type into silicone-based, urethane-based, acrylic-based, polysulphide-based, and others.
- Applications of adhesives and sealants are segmented into automotive and transportation, paper and packaging, building and construction, woodworking, and others.
MARKET DYNAMICS
Drivers:
- The global market for adhesives and sealants is projected to grow during the forecast period, driven by increasing demand from the construction sector.
- Additionally, the rapidly expanding automotive and transportation industries are expected to contribute positively to market growth. The global automotive sector has experienced a rise in the demand for high-performance adhesives, largely due to the increasing preference for lightweight vehicles that offer improved fuel efficiency and reduced emissions.
Restraints:
- Strict regulations imposed by environmental authorities regarding the use of adhesives containing high levels of Volatile Organic Compounds (VOCs) may compel manufacturers to develop bio-based alternatives. This shift could pose challenges for producers of traditional adhesives and sealants.
REGIONAL FRAMEWORK
The report provides an extensive overview of the adhesives and sealants industry, incorporating both qualitative and quantitative data. It outlines market forecasts based on various segments and offers size estimates from 2019 to 2028 across five key regions: North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. Each region's market is further divided into specific countries and segments. The analysis includes forecasts for 18 countries worldwide, highlighting current trends and opportunities within each region.
The report examines factors influencing the market from both demand and supply perspectives, assessing market dynamics such as drivers, restraints, opportunities, and future trends. A comprehensive PEST analysis is also provided for all five regions, evaluating the political, economic, social, and technological factors impacting the adhesives and sealants market.
IMPACT OF COVID-19 ON ADHESIVES AND SEALANTS MARKET
The COVID-19 pandemic, which originated in Wuhan, China, in December 2019, has rapidly spread worldwide, significantly affecting numerous countries, including the US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain. The pandemic has disrupted economies and industries globally due to lockdowns, travel restrictions, and business closures. The shutdown of various manufacturing plants has led to disruptions in global supply chains, adversely affecting production, delivery timelines, and sales in the market. Several companies have reported potential delays in product deliveries and a decline in future sales.
MARKET PLAYERS
The report outlines significant developments in the adhesives and sealants market, focusing on both organic and inorganic growth strategies. Companies are increasingly pursuing organic growth through product launches, approvals, and patent registrations, while inorganic growth strategies include acquisitions and partnerships. These initiatives are expected to enhance the business expansion and customer base of market participants. The adhesives and sealants market is anticipated to present lucrative growth opportunities in the future, driven by rising global demand.
Additionally, the report features profiles of key companies, including their SWOT analyses and market strategies. It emphasizes leading industry players, providing insights into their company profiles, product offerings, financial performance over the past three years, and significant developments in the last five years.
- 3M
- Henkel AG & Co. KGaA
- Tangent Industries
- Evonik Industries AG
- Novachem Corporation
- H.B. Fuller
- Huntsman Corporation
- Dow
- BASF SE
- Ashland Inc.
- Avery Dennison Corporation
- Beardow and Adams Limited
- Eastman Chemical Company
- Ellsworth Adhesives
- Momentive
- N.D. Industries Inc.
- Sika AG
- Uniseal Inc.
- DuPont
- Loctite
The dedicated research and analysis team at The Insight Partner offers extensive expertise and various customization options for the existing study.