Adhesives And Sealants Market Size (2024 - 2029)

Adhesives And Sealants Market Analysis

The Adhesives And Sealants Market size is estimated at USD 81.03 billion in 2024, and is expected to reach USD 109.82 billion by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).

COVID-19 had a significant impact on the adhesives and sealants market, causing both disruptions and opportunities. The pandemic led to lockdowns and disruptions in the construction, automotive, and manufacturing end-user industries. This resulted in a decline in demand for adhesives and sealants in the short term. However, the pandemic also fueled the demand for adhesives and sealants used in medical supplies, personal protective equipment, and hygiene products. The market studied has now recovered from the initial impact of COVID-19, and it is expected to continue to grow in the long term.

• Expanding packaging and building and construction industries worldwide are expected to drive the demand in the market studied during the forecast period.
• However, strict environmental regulations set by the government on the use of volatile organic compounds are anticipated to hamper the growth of the market.
• The increasing awareness about renewable and eco-friendly products is projected to generate opportunities in the adhesives and sealants market in the coming years.
• The Asia-Pacific region represents the largest market. It is also expected to be the fastest-growing market over the forecast period. This is due to the rise in consumption from China, India, and ASEAN countries.

Adhesives And Sealants Industry Segmentation

Adhesives are substances that join or bond two or more surfaces together by sticking to them. They are a type of material that provides cohesion between different substrates, creating a durable and often permanent bond. Adhesives are used in various applications, from everyday household use to industrial and technological processes.

Sealants are materials used to fill, seal, or close gaps and joints to prevent the passage of liquids or gases. They are designed to provide a barrier against moisture, air, dust, and other environmental elements. Sealants are commonly used in construction, automotive, aerospace, and other industries to create airtight and watertight seals and provide insulation and protection.

The adhesives and sealants market is segmented by adhesive resin, adhesives technology, sealant resin, end-user industry, and geography. By adhesive resin, the market is segmented into polyurethane, epoxy, acrylic, silicone, cyanoacrylate, VAE/EVA, and other resins (polyester, rubber, etc.). By adhesives technology, the market is segmented into solvent-borne, reactive, hot melt, UV-cured, and water-borne adhesives. The market is segmented into silicone, polyurethane, acrylic, epoxy, and other resins (bituminous, polysulfide, UV-curable, etc.) by sealant resin. By end-user industry, the market is segmented into aerospace, automotive, building and construction, footwear and leather, healthcare, packaging, woodwork and joinery, and other end-user industries (electronics, consumer/DIY, etc.). The report also covers the market size and forecasts for the adhesives and sealants market in 27 major countries across the major regions. The report offers the market size in value terms in USD for all the abovementioned segments.