The report “Adhesives & Sealants Market by Adhesive Formulating Technology (Water-based, Solvent-based, Hot-melt, Reactive), Sealant Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide, Butyl), Application, Region – Global Forecast to 2026″, The global adhesives & sealants market size will grow to USD 85.8 billion by 2026 from USD 71.4 billion in 2021, at a CAGR of 3.7% during the 2021-2026period. The growth of the market is supported by the increasing construction and automobile applications, advancements in formulating technologies, and growing demand in the Asia Pacific region.
• 339 Market data Tables
• 62 Figures
• 391 Pages and in-depth TOC on “Adhesives & Sealants Market – Global Forecast to 2026”
Some of the prominent key players are:
- Henkel AG (Germany)
- H.B. Fuller (US)
- Sika AG (Switzerland)
- Arkema (Bostik SA) (France)
- 3M (US)
Opportunity: Rising requirement for non-hazardous and sustainable adhesives
The stringent regulations by the USEPA (the United States Environmental Protection Association), Europe’s Registration, Evaluation, Authorisation and Restrictions of Chemicals (REACH), Leadership in Energy and Environmental Design (LEED), and other regional regulatory authorities have compelled adhesive & sealant manufacturers to make eco-friendly products with no- or low-VOC levels. The shift toward more sustainable products has provided significant growth opportunities for manufacturers. Leading adhesives & sealants company, Henkel, offers products such as H4500, H4710, H4720, and H3151, which are solvent-free and comply with environmental regulations. There is a growing demand for environmentally-friendly or green buildings, which gives an opportunity for the development of green and sustainable adhesive solutions made from renewable, recycled, remanufactured, or biodegradable materials.
Medical is the fastest-growing application segment of the adhesives market.
Medical is the fastest-growing application in adhesives market, in terms of volume. Recently, with the outbreak of COVID-19, the governments, the private sector, and people throughout the world have been affected hugely due to the pandemic. Hence, the healthcare and medical devices sector has become the centerpiece for the recovery of patients. Medical devices are being used in large numbers due to the increased number of positive cases. This has increased the use of adhesives. Another driving factor is the aging population, driven by increasing life expectancy, which fuels the demand for medical devices, ultimately increasing the demand for adhesives.
Asia Pacific is the largest adhesives & sealants market globally.
Asia Pacific is projected to lead the adhesives & sealants market during the forecast period which is driven by high economic growth and heavy investments in packaging, automotive, building & construction, medical, and electronic industries. Asia Pacific is increasingly becoming an important global trade and commerce center. Various companies and other international players are setting up new plants or expanding their existing adhesives & sealants production units in this region because of the low cost of production and the ability to serve the local emerging market.