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The adhesives and sealants market size is valued to increase USD 18.3 billion, at a CAGR of 4.6% from 2024 to 2029. Growing demand from construction and food packaging applications will drive the adhesives and sealants market.
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The adhesives and sealants industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The water based segment is estimated to witness significant growth during the forecast period.
Water-based adhesives and sealants, comprising primarily water as the solvent or carrier, have gained significant traction in the market due to their numerous advantages. These formulations account for a substantial market share, driven by their reduced environmental impact, lower volatile organic compound (VOC) emissions, and enhanced safety during handling and application. Among the various types of water-based adhesives, polyvinyl acetate emulsions are the most common. These adhesives utilize water as a carrier medium to disperse the resin, resulting in a low VOC content. The hazards and environmental impact of water-based adhesives are significantly less compared to their solvent-based counterparts.
Water-based adhesives exhibit impressive resistance to humidity, UV radiation, and discoloration. Structural adhesive bonding applications, such as bonding composites, laminates, and glass, greatly benefit from the water-based adhesive technology. Hot-melt adhesive applications, including packaging and labeling, also employ water-based adhesives due to their excellent performance. In terms of chemical resistance, water-based adhesives demonstrate notable strength in peel adhesion, particularly in applications like tape manufacturing. Adhesive failure analysis and surface preparation techniques play crucial roles in ensuring the optimal performance of water-based adhesives. Sealants, too, have adopted water-based technology, with water-based sealants accounting for a considerable market share.
The Water based segment was valued at USD 32.80 billion in 2019 and showed a gradual increase during the forecast period.
These sealants exhibit viscoelasticity, which allows them to maintain their shape while accommodating movement in structures. Water absorption and hydrogen bonding are essential factors in the selection of water-based sealants. Moisture-cure polyurethane sealants, a popular type of water-based sealant, offer excellent durability and elastic modulus. Their properties, such as water absorption, hydrogen bonding, and cohesive failure modes, make them suitable for various applications, including construction, automotive, and industrial. The adhesive and sealant industry anticipates a steady growth in the adoption of water-based technologies. According to recent industry reports, the market for water-based adhesives and sealants is projected to expand by 12%, while the market for water-based sealants is expected to grow by 15%.
These figures underscore the increasing demand for water-based technologies in various industries. In conclusion, the water-based the market is driven by their numerous advantages, including reduced environmental impact, lower VOC emissions, and enhanced safety. These technologies are increasingly being adopted across various industries, with significant growth expected in the coming years.
APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market experiences continuous expansion due to their increasing utilization in sectors like construction, packaging, transportation, and others. The burgeoning infrastructure and construction activities in nations such as India, China, Japan, Thailand, and the Philippines contribute significantly to the market's growth. In APAC, the construction industry witnesses substantial investments from both public and private sectors, leading to a strong demand for adhesives and sealants.
These investments are primarily aimed at the construction and modernization of public infrastructure, further fueling market growth. The market's expansion is expected to remain steady, with numerous opportunities arising from the increasing demand for reliable bonding solutions in various industries.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market encompasses a diverse range of products, including epoxy resin adhesives with intricate curing kinetics, polyurethane sealants exhibiting superior thermal stability, acrylate adhesives undergoing rigorous bond strength testing methods, and silicone sealants susceptible to UV degradation mechanisms. These materials cater to various industries, each with unique requirements. Polyurethane adhesives and sealants, for instance, showcase notable adoption due to their moisture-cure properties and anaerobic curing conditions. In contrast, cyanoacrylate adhesives, known for their fast curing and high viscosity, command a distinct niche in the market. The market landscape is marked by a significant focus on developing advanced adhesive systems, such as UV curable adhesives, which offer design flexibility and improved performance.
Structural adhesive failure analysis methods and sealant viscoelasticity characterization techniques are critical in ensuring product reliability and longevity. Pressure-sensitive adhesives (PSAs) represent a substantial segment, with tack measurement techniques and contact angle analysis methods playing a crucial role in their production and application. PSAs exhibit diverse applications, from labeling and packaging to medical devices and automotive components. Hot-melt adhesive application equipment and bond strength testing standards are essential tools for manufacturers, ensuring consistent product quality and performance. Adhesive surface energy influence and rheological modeling are key considerations in adhesive formulation and application. Compared to traditional solvent-based adhesives, water-based adhesives and sealants account for a growing share, driven by environmental concerns and increasing demand for eco-friendly alternatives.
Additionally, the market is witnessing a surge in peel adhesion strength testing protocols and shear adhesion strength measurement procedures to ensure product performance under various stress conditions. In summary, the market is a dynamic and evolving landscape, driven by technological advancements, changing consumer preferences, and regulatory requirements. Manufacturers are continually innovating to meet the diverse needs of industries, ensuring the market's continued growth and relevance. More than 60% of new product developments focus on enhancing adhesive and sealant performance, with a particular emphasis on improving environmental sustainability and ease of application. This trend underscores the industry's commitment to delivering high-performance, eco-friendly solutions that cater to the evolving needs of various industries.
The adhesives and sealants market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the adhesives and sealants market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Adhesives And Sealants Industry
Companies are implementing various strategies, such as strategic alliances, adhesives and sealants market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
3M Co. - This company specializes in providing a range of adhesives and sealants, including the 3M Scotch-Weld Acrylic Adhesive DP8410NS, 3M Scotch-Weld Epoxy Adhesive DP100 Plus, 3M Aerospace Sealant AC-251, and 3M Marine Adhesive Sealant Fast Cure 4200FC.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Adhesives And Sealants Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
245 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.6% |
Market growth 2025-2029 |
USD 18.3 billion |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
4.2 |
Key countries |
US, China, Canada, India, Japan, Germany, South Korea, UK, Australia, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Adhesives And Sealants Market between 2025 and 2029?
USD 18.3 billion, at a CAGR of 4.6%
What segmentation does the market report cover?
The report segmented by Technology (Water based, Solvent based, Hot melt, and Others), End-user (Building and construction, Paper and packaging, Transportation, Leather and footwear, and Others), Product Type (Acrylic, Polyurethanes, Silicone-based adhesives and sealants, Epoxy, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)
Which regions are analyzed in the report?
APAC, Europe, North America, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Growing demand from construction and food packaging applications, Volatility in raw material prices
Who are the major players in the Adhesives And Sealants Market?
Key Companies 3M Co., AdCo UK Ltd., Arkema, Avery Dennison Corp., BASF SE, DELO Industrie Klebstoffe GmbH and Co. KGaA, Dymax Corp., H.B. Fuller Co., Henkel AG and Co. KGaA, Huntsman Corp., Indumarsan, LG Chem Ltd., RPM International Inc., Sika AG, Synthomer Plc, Ter Group, and The Dow Chemical Co.
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Technology
9 Market Segmentation by End-user
10 Market Segmentation by Product Type
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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