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A complex network of influences affects the adhesives and sealants industry across sectors. Joining materials, reinforcing buildings, and sealing seams need adhesives and sealants. Their rising demand in building is altering market dynamics.
Automotive industry impacts adhesives & sealants. High-performance adhesives and sealants are needed as automakers use lighter materials and more advanced production processes. The technologies help automobiles shed weight, conserve gas, and remain strong. As electric and self-driving vehicles become popularity, imports will grow.
Regulations and environmental considerations affect adhesives and sealants. Environmental awareness is driving demand for low-VOC, eco-friendly formulations. Companies must follow strict emissions and environmental standards, which affects their product composition and manufacturing. Markets respond to sustainability advocacy.
In the adhesives and sealants sector, cost is crucial. Business owners want to decrease costs without sacrificing product quality, while manufacturers want to balance production costs with product performance. This cost-conscious approach benefits manufacturers and customers by creating new products and increasing market competitiveness.
Global economic swings affect the adhesives and sealants industry. These trends may affect adhesive and sealant demand, affecting the construction, vehicle, and other industries. However, these items' importance in improving manufacturing processes and product performance stabilizes the market and mitigates economic volatility.
The adhesives and sealants industry evolves with new technologies. New formulations with better properties, bonding, and uses are developed via research and development. These technological advances fulfill end users' changing needs and make manufacturers more competitive, leading to the usage of adhesives and sealants in fast-growing industries.
The market is also affected by changing end-user needs in healthcare, packaging, and electronics. As new technologies drive downsizing and innovation in these fields, specialized adhesives and sealants that meet strict performance, reliability, and safety standards are needed. There are many applications for adhesives and sealants, thus the industry stays strong and grows.
Many levels of the adhesives and sealants sector include cooperation and partnerships. Partnerships between manufacturers, end-users, and manufacturers help exchange information, innovate, and establish quality standards as the adhesives and sealants business evolves. These collaborations increase market competitiveness and develop novel adhesives and sealants.
 
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Product, Technology, Application, and Region |
Adhesives Sealants Market Highlights:
Global Adhesives and Sealants Market Overview
The Adhesives and Sealants market size was valued at USD 63.02 billion in 2023. The Adhesives and Sealants industry is projected to grow from USD 67.43 billion in 2024 to USD 108.28 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.10% during the forecast period (2024 - 2032). Increasing the demand for gaming laptops and the growth of the electronics market are the key market drivers intensifying the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Adhesives and Sealants Market Trends
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Increasing use of lightweight materials is driving the market growth
Market CAGR for the past few years is expected to rise during the forecast period due to the increased use of lightweight materials. Lightweight materials such as composites and plastics are increasingly used in the automotive and aerospace industries to improve fuel efficiency and reduce carbon emissions. Adhesives and sealants are essential for bonding and sealing these lightweight materials, which has led to a surge in demand for these products.
One of the major trends in the adhesives and sealants market is the increasing demand for sustainable products. Consumers are increasingly aware of industrial activities' impact on the environment. It has led to a rise in demand for eco-friendly adhesives and sealants that do not contain harmful chemicals and have minimal environmental impact. Manufacturers invest in research and development activities to develop sustainable products that meet the changing consumer preferences.
Advancements in technology have also been a major trend in the adhesives and sealants market. Manufacturers are recently investing in research and development activities to develop new and innovative products that offer better performance and durability. For instance, there has been a growing trend toward using nanotechnology in developing adhesives and sealants. Nanotechnology offers several benefits, such as improved adhesion, enhanced strength, and greater resistance to temperature and humidity. The adhesives and sealants market is witnessing significant growth, driven by the increasing demand for sustainable products, lightweight materials, and technological advancements. Manufacturers are focusing on developing new and innovative products to meet consumers' changing needs, stay competitive in the market, and drive the Adhesives and Sealants market revenue.
May 2023: Henkel AG & Co. KGaA is the global leader in adhesive technology. It has recently opened its Science and Technology Center in Bridgewater, New Jersey. The facility contains all types of adhesives, sealants and functional coatings that have been manufactured by Henkel. It also showcases specialty materials for different industries, such as automotive, packaging and electronics, among others, fostering a collaborative environment with clients from over 800 industry segments to develop innovative solutions.
South Dakota plant expansion was announced by Henkel AG & Co KGaA in September 2022 because it manufactures thermal interface material-adhesive used specifically by electronics as well as automobile industries. These adhesive products are marketed under Loctite and Bergquist brands names.
Adhesives and Sealants Market Segment Insights
Adhesives and Sealants Product Insights
The Adhesives and Sealants market segmentation, based on function, includes acrylic, polyurethane, polyvinyl acetate, and epoxy. The acrylic category generated the most income during the forecast period. Acrylic adhesives and sealants have high tensile strength, resistance to weathering, and good bonding properties. They are used in various industries, including automotive, construction, and packaging.
Adhesives and Sealants Application Insights
The Adhesives and Sealants market segmentation, based on application, include pressure sensitive, construction, and automotive. The automotive category generated the most income over the forecast period. Adhesives and sealants are used in the automotive industry for various applications, including bonding body panels, windshield installation, and interior trim.
Adhesives and Sealants Technology Insights
The Adhesives and Sealants market segmentation, based on formulation, includes water-based and solvent-based. The water-based segment dominated the market. Water-based adhesives and sealants are environmentally friendly and have low VOC emissions. They are commonly used in the packaging, paper, and woodworking industries.
February 2023: 3M has come up with an unprecedented medical adhesive that can stick onto skin for up to four weeks continuously while being used alongside various health monitors, sensors, long long-term wearable medical equipment, among other things. Before then, none of such adhesives could stay put on human bodies beyond two weeks at most during any given period. By doing this, it expects to set higher levels of patient care standards henceforth.
Figure 1: Adhesives and Sealants Market by Technology, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Adhesives and Sealants Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American region is expected to grow rapidly in revenue and market. The growth in the market is attributed to the increasing demand for adhesives and sealants in the automotive, construction, and packaging industries. The region has stringent environmental regulations have increased the demand for eco-friendly adhesives and sealants. Further, the US adhesives and sealants market held the largest market share, and the Canadian Adhesives and Sealants market was the fastest-growing market in North America.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, the Rest of Europe, China, Japan, India, Australia, the Rest of Asia-Pacific, the Middle East, Africa, and Latin America.
Figure 2: ADHESIVES AND SEALANTS Market SHARE BY REGION 2023 (%) 
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Adhesives and Sealants market is the second largest market. The growth in the market is attributed to the increasing demand for adhesives and sealants in the automotive, construction, and packaging industries. The region has stringent regulations regarding adhesives and sealants, which have led to the development of eco-friendly and sustainable adhesives and sealants. Further, the German Adhesives and Sealants market held the largest market share, and the UK Adhesives and Sealants market was the fastest-growing market in the European region.
The Asia-Pacific Adhesives and Sealants market will dominate during the forecast period due to the increasing demand for adhesives and sealants in the construction, automotive, and packaging industries. The region's vast population and increasing disposable income lead to increased construction activities, which drives the demand for adhesives and sealants. Moreover, China’s Adhesives and Sealants market held the largest market share, and the Indian Adhesives and Sealants market was the fastest-growing in the Asia-Pacific region.
Adhesives and Sealants Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the Company's Secretarial Software Market grow even more. Market participants also include various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Adhesives and Sealants industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Adhesives and Sealants industry to benefit clients and increase the market sector. Major Adhesives and Sealants market players include 3M, Henkel AG Co. KGaA, Tangent Industries, Evonik Industries AG, Novachem Corporation, H.B. Fuller, Dow Corning Corporation, and others, are attempting to increase market demand by investing in research and development operations.
Huntsman Corporation, founded in 1970, and located in The Woodlands, Texas, US, is an American manufacturer and marketer of chemical products for consumers and industrial customers. Huntsman manufactures assorted polyurethanes, performance products, and adhesives for customers like BMW, GE, Chevron, Procter & Gamble, Unilever, and Walkaroo. In Jan 2021, Huntsman Corporation completed the acquisition of Gabriel Performance Products (Gabriel), a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants, and composite end-markets, from Audax Private Equity.
Henkel AG & Corporation KGaA, founded in 1876 in Dusseldorf, Germany, is an international chemical and consumer goods company. In February 2020, Henkel officially launched its new production facility in Kurkumbh, India, near Pune. With an investment of several million, the business unit aims to serve the rising demand of Indian industries for high-performance solutions in adhesives and sealants products for treatment. Designed as a smart factory, the plant enables a different range of operations and meets the highest standards for sustainability.
Henkel AG & Co. KGaA expanded its production site located at Brandon, South Dakota, where thermal interface material adhesives were being made; these find application mainly within electronic goods such as computers, smartphones, etcetera but also serve automotive sector needs like heat sink connections which are then sold under brands like Loctite or Bergquist among others.
Key Companies in the Adhesives and Sealants market include
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3M
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Tangent Industries
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Novachem Corporation
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H.B. Fuller
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Dow Corning Corporation
Adhesives and Sealants Industry Developments
In November 2021: A prominent leader in the manufacturing of adhesives, sealants, and construction chemicals, and a subsidiary of Pidilite Industries Ltd (Pidilite), Pidilite Lanka (Pvt) Limited (PLPL), launched an Araldite range of epoxy adhesives in Sri Lanka's retail market. The company recently acquired Araldite's Consumer and Bazaar business in the Indian sub-continent (including Sri Lanka) from USA-based Huntsman Group. PLPL will offer best-in-class authentic Araldite branded products for customers across the market led by look-alike products. Per Pidilite Industries Ltd's statement, Araldite is an ideal brand and a leader in epoxy adhesives. The company believes that the acquisition will assist the firm in strengthening its robust portfolio of adhesive and sealant brands and accompany its product portfolio.
In May 2021: Sika has confirmed to acquire the adhesives segment of Yokohama Rubber, Hematite. Hematite is a main body in the Japanese market, providing sealants and adhesives to the construction and automotive industries. The acquisition is expected to power up the market position of Sika's in Japan, boost market access to all the leading OEMs in Japan, and significantly expand the product offering for sealing and bonding applications in the Japanese construction industry. The Tokyo-based business generates yearly sales of EUR 145 million.
In March 2023: Arkema acquired Polutec PT, which specializes in adhesives for batteries and electronics. This buyout will enable Bostik to offer more products in response to rapidly expanding battery markets driven by digitalization trends worldwide, including electric vehicles (EVs) production, etcetera. Such bolt-on acquisitions are part of our strategy aiming at becoming full system providers while helping customers create sustainable solutions for batteries as well as electronic devices sectors.
Adhesives and Sealants Market Segmentation
Adhesives and Sealants Product Outlook
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Acrylic
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Polyurethane
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Polyvinyl Acetate
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Epoxy
Adhesives and Sealants Technology Outlook
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Water-Based
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Solvent-Based
Adhesives and Sealants Application Outlook
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Pressure Sensitive
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Construction
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Automotive
Adhesives and Sealants Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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