What is Global Adhesives & Sealants Market?
The Global Adhesives & Sealants Market is a vast and dynamic sector that encompasses a wide range of products used in various industries. These products are primarily used to bind surfaces or objects together and to prevent leakage or seepage. The market is characterized by its diversity, with a multitude of different types of adhesives and sealants available, each with its own unique properties and applications. The global market for these products was valued at a significant US$ 951 million in 2022, and it is projected to grow to an impressive US$ 1156.5 million by 2029. This represents a compound annual growth rate (CAGR) of 2.8% during the forecast period from 2023 to 2029. The market is dominated by the top five global players, who collectively hold a market share of approximately 60%. In terms of product types, Self-etching Adhesive is the largest segment, accounting for about 40% of the market.
Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt Adhesives, Others in the Global Adhesives & Sealants Market:
The Global Adhesives & Sealants Market is segmented into various types, including Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt Adhesives, and others. Water-Based Adhesives are environmentally friendly and safe to use, making them a popular choice in various industries. Solvent-Based Adhesives, on the other hand, are known for their strong bonding capabilities and resistance to environmental conditions. Hot-Melt Adhesives are unique in that they are solid at room temperature and become liquid when heated, allowing for easy application and strong bonding. The "others" category includes a variety of specialized adhesives and sealants designed for specific applications. Each of these types has its own unique properties and uses, making them suitable for different industries and applications.
Paper & Packaging, Building & Construction, Woodworking, Transportation, Consumer Adhesives, Leather & Footwear, Others in the Global Adhesives & Sealants Market:
The Global Adhesives & Sealants Market finds usage in a variety of areas, including Paper & Packaging, Building & Construction, Woodworking, Transportation, Consumer Adhesives, Leather & Footwear, and others. In the Paper & Packaging industry, these products are used to seal packages and bind various paper products. In the Building & Construction industry, they are used to bond different construction materials and seal gaps and cracks. In Woodworking, they are used to join wood pieces and seal wood surfaces. In Transportation, they are used in the manufacturing and repair of vehicles. Consumer Adhesives are used in a variety of household applications, while Leather & Footwear uses these products to bind and seal leather and footwear products. The "others" category includes a variety of other industries and applications where these products are used.
Global Adhesives & Sealants Market Outlook:
The global Adhesives and Sealants market has shown a promising outlook. In 2022, the market was valued at US$ 951 million and it is expected to reach US$ 1156.5 million by 2029. This indicates a steady growth with a CAGR of 2.8% during the forecast period of 2023-2029. The market is largely dominated by the top five players who hold about 60% of the market share. When it comes to product types, Self-etching Adhesive takes the lead, holding about 40% of the market share. This adhesive type is the largest segment in the market, demonstrating its wide acceptance and usage in various industries.
| Report Metric | Details |
| Report Name | Adhesives & Sealants Market |
| Accounted market size in 2023 | US$ 981.6 million |
| Forecasted market size in 2029 | US$ 1158.5 million |
| CAGR | 2.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Sales by Region |
|
| By Company | Henkel AG & Company, H.B. Fuller, Bostik SA, Sika AG, 3M Company, Illinois Tool Works Corporation, Avery Dennison Corporation, DAP Products, Royal Adhesives & Sealants, LLC, Franklin International |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
