Covid-19 Impact on Adhesives and Sealants Market:
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Adhesives and Sealants Market Overview
The global Adhesives and Sealants Market was valued at USD 67.55 billion in 2021, with a CAGR of 6.10% projected from 2023 to 2030.
The global adhesives and sealants market is expected to show strong growth in the forecast period. Increasing demand from automotive, construction, packaging, furniture, footwear, and pressure-sensitive applications is the key factor driving the growth of the adhesives and sealants market. Increasing penetration of lightweight passenger cars with higher fuel economy and lower emissions has driven sales of high-performance adhesives across the global automotive industry. These adhesives find several usages in both interior and exterior automotive applications. This prime fact contributing to the growth of the market.
Furthermore, the adhesives and sealants are largely used for tiling applications, attaching drywall, fixtures to walls, ceiling applications, bathroom flooring, and molding applications in the construction sector. Hence, the booming construction sector particularly in developing countries like China and India is projected to create various growth opportunities for market in coming years.
On the downside, fluctuations in raw materials prices may hamper the growth of the market. Besides this, prominent manufacturers of Adhesives and Sealants are mainly focusing on the various strategic initiatives, such as widespread R & D activities for the production of sustainable products. This crucial factor is expected to provide profitable opportunities for the Adhesives and Sealants providers during the forecast period.
Adhesives and Sealants Market Segment Overview
According to adhesives products, Acrylic is the fastest-growing segment in the market. Acrylic-based materials are widely used in the development of waterborne, heat resistant, and UV light curing adhesives. In addition, they have fast setting time, robust bonding characteristics, and good environmental resistance.
Moreover, the Polyurethane segment has remarkable growth in the market. Increasing penetration of these adhesives in footwear, packaging laminations, bonding fiberglass, and automotive windshield bonding owing to its significant features such as solidity, low viscosity, and less cure time is expected to boost the growth of the segment.
Adhesives and Sealants Market, By Adhesives Technology
· Water-based
· Solvent-based
· Hot melt
· Reactive & other
Adhesives and Sealants Market, By Adhesives Product
· Acrylic
· PVA
· Polyurethanes
· Styrenic block
· Epoxy
· EVA
· Other
Adhesives and Sealants Market, By Adhesives Application
· Pressure-sensitive applications
· Packaging
· Construction
· Furniture
· Footwear
· Automotive
· Other
Adhesives and Sealants Market, By Sealants Product
· Silicones
· Polyurethanes
· Acrylic
· Polyvinyl acetate
· Other
Adhesives and Sealants Market, By Sealants Application
· Construction
· Automotive
· Packaging
· Assembly
· Pressure-sensitive tapes
· Consumers
· Other
Adhesives and Sealants Regional Overview
Region-wise, North America accounts for a major share in the Adhesives and Sealants market. This is due to the presence of a large number of end-use industries and rising construction spending in the U.S. Similarly, the European adhesives market shows significant growth owing to the increasing demand for the product from the automobile, medical, engineering, and electronic sector. As well, the market of the Asia Pacific is projected to grow at the fastest rate owing to rapid industrialization along with strong GDP growth in this region. addition to this, supportive government policies for the construction industry, which in turn is projected to support product penetration in this region.
Adhesives and Sealants Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Adhesives and Sealants Market Competitor overview
· In February 2020, Henkel Adhesives Technologies India Private Ltd, a wholly-owned subsidiary of German-based Henkel AG & Co. KGaA, announced the unveiling of its new production facility in Kurkumbh, near Pune, for which the company has made an investment of ₹400 crores. The facility aims to meet the growing demand of Indian industries for solutions in adhesives, sealants, and surface treatment products.
· In November 2020, H.B. Fuller has launched Full-Care™ 5885 to meet the industry’s growing demand for natural-based hygiene articles. Full Care™ 5885 is an adhesive solution with high wet strength, low odor and light color, which offers great value by combining high-performance 100% cotton bonding at low cost in use.
Adhesives and Sealants Market, Key Players
· Henkel AG
· H.B. Fuller
· Sika AG
· Arkema
· 3M Company
· Huntsman Corporation
· Illinois Tool Works Inc.
· Avery Dennison Corporation
· Dow Inc.
· Wacker Chemie AG
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Adhesives and Sealants Market Overview
The global Adhesives and Sealants Market was valued at USD 67.55 billion in 2021, with a CAGR of 6.10% projected from 2023 to 2030.
The global adhesives and sealants market is expected to show strong growth in the forecast period. Increasing demand from automotive, construction, packaging, furniture, footwear, and pressure-sensitive applications is the key factor driving the growth of the adhesives and sealants market. Increasing penetration of lightweight passenger cars with higher fuel economy and lower emissions has driven sales of high-performance adhesives across the global automotive industry. These adhesives find several usages in both interior and exterior automotive applications. This prime fact contributing to the growth of the market.
Furthermore, the adhesives and sealants are largely used for tiling applications, attaching drywall, fixtures to walls, ceiling applications, bathroom flooring, and molding applications in the construction sector. Hence, the booming construction sector particularly in developing countries like China and India is projected to create various growth opportunities for market in coming years.
On the downside, fluctuations in raw materials prices may hamper the growth of the market. Besides this, prominent manufacturers of Adhesives and Sealants are mainly focusing on the various strategic initiatives, such as widespread R & D activities for the production of sustainable products. This crucial factor is expected to provide profitable opportunities for the Adhesives and Sealants providers during the forecast period.
Adhesives and Sealants Market Segment Overview
According to adhesives products, Acrylic is the fastest-growing segment in the market. Acrylic-based materials are widely used in the development of waterborne, heat resistant, and UV light curing adhesives. In addition, they have fast setting time, robust bonding characteristics, and good environmental resistance.
Moreover, the Polyurethane segment has remarkable growth in the market. Increasing penetration of these adhesives in footwear, packaging laminations, bonding fiberglass, and automotive windshield bonding owing to its significant features such as solidity, low viscosity, and less cure time is expected to boost the growth of the segment.
Adhesives and Sealants Market, By Adhesives Technology
· Water-based
· Solvent-based
· Hot melt
· Reactive & other
Adhesives and Sealants Market, By Adhesives Product
· Acrylic
· PVA
· Polyurethanes
· Styrenic block
· Epoxy
· EVA
· Other
Adhesives and Sealants Market, By Adhesives Application
· Pressure-sensitive applications
· Packaging
· Construction
· Furniture
· Footwear
· Automotive
· Other
Adhesives and Sealants Market, By Sealants Product
· Silicones
· Polyurethanes
· Acrylic
· Polyvinyl acetate
· Other
Adhesives and Sealants Market, By Sealants Application
· Construction
· Automotive
· Packaging
· Assembly
· Pressure-sensitive tapes
· Consumers
· Other
Adhesives and Sealants Regional Overview
Region-wise, North America accounts for a major share in the Adhesives and Sealants market. This is due to the presence of a large number of end-use industries and rising construction spending in the U.S. Similarly, the European adhesives market shows significant growth owing to the increasing demand for the product from the automobile, medical, engineering, and electronic sector. As well, the market of the Asia Pacific is projected to grow at the fastest rate owing to rapid industrialization along with strong GDP growth in this region. addition to this, supportive government policies for the construction industry, which in turn is projected to support product penetration in this region.
Adhesives and Sealants Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Adhesives and Sealants Market Competitor overview
· In February 2020, Henkel Adhesives Technologies India Private Ltd, a wholly-owned subsidiary of German-based Henkel AG & Co. KGaA, announced the unveiling of its new production facility in Kurkumbh, near Pune, for which the company has made an investment of ₹400 crores. The facility aims to meet the growing demand of Indian industries for solutions in adhesives, sealants, and surface treatment products.
· In November 2020, H.B. Fuller has launched Full-Care™ 5885 to meet the industry’s growing demand for natural-based hygiene articles. Full Care™ 5885 is an adhesive solution with high wet strength, low odor and light color, which offers great value by combining high-performance 100% cotton bonding at low cost in use.
Adhesives and Sealants Market, Key Players
· Henkel AG
· H.B. Fuller
· Sika AG
· Arkema
· 3M Company
· Huntsman Corporation
· Illinois Tool Works Inc.
· Avery Dennison Corporation
· Dow Inc.
· Wacker Chemie AG
Adhesives and Sealants Market Study Global Market Analysis, Insights and Forecast, 2023-2030
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Adhesives and Sealants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Adhesives Technology
- 5.2.1. Water-based
- 5.2.2. Solvent-based
- 5.2.3. Hot melt
- 5.2.4. Reactive & other
- 5.3. Market Analysis, Insights and Forecast – By Adhesives Product
- 5.3.1. Acrylic
- 5.3.2. PVA
- 5.3.3. Polyurethanes
- 5.3.4. Styrenic block
- 5.3.5. Epoxy
- 5.3.6. EVA
- 5.3.7. Other
- 5.4. Market Analysis, Insights and Forecast – By Adhesives Application
- 5.4.1. Pressure-sensitive applications
- 5.4.2. Packaging
- 5.4.3. Construction
- 5.4.4. Furniture
- 5.4.5. Footwear
- 5.4.6. Automotive
- 5.4.7. Other
- 5.5. Market Analysis, Insights and Forecast – By Sealants Product
- 5.5.1. Silicones
- 5.5.2. Polyurethanes
- 5.5.3. Acrylic
- 5.5.4. Polyvinyl acetate
- 5.5.5. Other
- 5.6. Market Analysis, Insights and Forecast – By Sealants Application
- 5.6.1. Construction
- 5.6.2. Automotive
- 5.6.3. Packaging
- 5.6.4. Assembly
- 5.6.5. Pressure-sensitive tapes
- 5.6.6. Consumers
- 5.6.7. Other
- 5.7. Market Analysis, Insights and Forecast – By Region
- 5.7.1. North America
- 5.7.2. Latin America
- 5.7.3. Europe
- 5.7.4. Asia Pacific
- 5.7.5. Middle East and Africa
6. North America Adhesives and Sealants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Adhesives Technology
- 6.2.1. Water-based
- 6.2.2. Solvent-based
- 6.2.3. Hot melt
- 6.2.4. Reactive & other
- 6.3. Market Analysis, Insights and Forecast – By Adhesives Product
- 6.3.1. Acrylic
- 6.3.2. PVA
- 6.3.3. Polyurethanes
- 6.3.4. Styrenic block
- 6.3.5. Epoxy
- 6.3.6. EVA
- 6.3.7. Other
- 6.4. Market Analysis, Insights and Forecast – By Adhesives Application
- 6.4.1. Pressure-sensitive applications
- 6.4.2. Packaging
- 6.4.3. Construction
- 6.4.4. Furniture
- 6.4.5. Footwear
- 6.4.6. Automotive
- 6.4.7. Other
- 6.5. Market Analysis, Insights and Forecast – By Sealants Product
- 6.5.1. Silicones
- 6.5.2. Polyurethanes
- 6.5.3. Acrylic
- 6.5.4. Polyvinyl acetate
- 6.5.5. Other
- 6.6. Market Analysis, Insights and Forecast – By Sealants Application
- 6.6.1. Construction
- 6.6.2. Automotive
- 6.6.3. Packaging
- 6.6.4. Assembly
- 6.6.5. Pressure-sensitive tapes
- 6.6.6. Consumers
- 6.6.7. Other
- 6.7. Market Analysis, Insights and Forecast – By Country
- 6.7.1. U.S.
- 6.7.2. Canada
7. Latin America Adhesives and Sealants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Adhesives Technology
- 7.2.1. Water-based
- 7.2.2. Solvent-based
- 7.2.3. Hot melt
- 7.2.4. Reactive & other
- 7.3. Market Analysis, Insights and Forecast – By Adhesives Product
- 7.3.1. Acrylic
- 7.3.2. PVA
- 7.3.3. Polyurethanes
- 7.3.4. Styrenic block
- 7.3.5. Epoxy
- 7.3.6. EVA
- 7.3.7. Other
- 7.4. Market Analysis, Insights and Forecast – By Adhesives Application
- 7.4.1. Pressure-sensitive applications
- 7.4.2. Packaging
- 7.4.3. Construction
- 7.4.4. Furniture
- 7.4.5. Footwear
- 7.4.6. Automotive
- 7.4.7. Other
- 7.5. Market Analysis, Insights and Forecast – By Sealants Product
- 7.5.1. Silicones
- 7.5.2. Polyurethanes
- 7.5.3. Acrylic
- 7.5.4. Polyvinyl acetate
- 7.5.5. Other
- 7.6. Market Analysis, Insights and Forecast – By Sealants Application
- 7.6.1. Construction
- 7.6.2. Automotive
- 7.6.3. Packaging
- 7.6.4. Assembly
- 7.6.5. Pressure-sensitive tapes
- 7.6.6. Consumers
- 7.6.7. Other
- 7.7. Insights and Forecast – By Country
- 7.7.1. Brazil
- 7.7.2. Mexico
- 7.7.3. Rest of Latin America
8. Europe Adhesives and Sealants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Adhesives Technology
- 8.2.1. Water-based
- 8.2.2. Solvent-based
- 8.2.3. Hot melt
- 8.2.4. Reactive & other
- 8.3. Market Analysis, Insights and Forecast – By Adhesives Product
- 8.3.1. Acrylic
- 8.3.2. PVA
- 8.3.3. Polyurethanes
- 8.3.4. Styrenic block
- 8.3.5. Epoxy
- 8.3.6. EVA
- 8.3.7. Other
- 8.4. Market Analysis, Insights and Forecast – By Adhesives Application
- 8.4.1. Pressure-sensitive applications
- 8.4.2. Packaging
- 8.4.3. Construction
- 8.4.4. Furniture
- 8.4.5. Footwear
- 8.4.6. Automotive
- 8.4.7. Other
- 8.5. Market Analysis, Insights and Forecast – By Sealants Product
- 8.5.1. Silicones
- 8.5.2. Polyurethanes
- 8.5.3. Acrylic
- 8.5.4. Polyvinyl acetate
- 8.5.5. Other
- 8.6. Market Analysis, Insights and Forecast – By Sealants Application
- 8.6.1. Construction
- 8.6.2. Automotive
- 8.6.3. Packaging
- 8.6.4. Assembly
- 8.6.5. Pressure-sensitive tapes
- 8.6.6. Consumers
- 8.6.7. Other
- 8.7. Market Analysis, Insights and Forecast – By Country
- 8.7.1. UK
- 8.7.2. Germany
- 8.7.3. France
- 8.7.4. Italy
- 8.7.5. Spain
- 8.7.6. Russia
- 8.7.7. Rest of Europe
9. Asia Pacific Adhesives and Sealants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Adhesives Technology
- 9.2.1. Water-based
- 9.2.2. Solvent-based
- 9.2.3. Hot melt
- 9.2.4. Reactive & other
- 9.3. Market Analysis, Insights and Forecast – By Adhesives Product
- 9.3.1. Acrylic
- 9.3.2. PVA
- 9.3.3. Polyurethanes
- 9.3.4. Styrenic block
- 9.3.5. Epoxy
- 9.3.6. EVA
- 9.3.7. Other
- 9.4. Market Analysis, Insights and Forecast – By Adhesives Application
- 9.4.1. Pressure-sensitive applications
- 9.4.2. Packaging
- 9.4.3. Construction
- 9.4.4. Furniture
- 9.4.5. Footwear
- 9.4.6. Automotive
- 9.4.7. Other
- 9.5. Market Analysis, Insights and Forecast – By Sealants Product
- 9.5.1. Silicones
- 9.5.2. Polyurethanes
- 9.5.3. Acrylic
- 9.5.4. Polyvinyl acetate
- 9.5.5. Other
- 9.6. Market Analysis, Insights and Forecast – By Sealants Application
- 9.6.1. Construction
- 9.6.2. Automotive
- 9.6.3. Packaging
- 9.6.4. Assembly
- 9.6.5. Pressure-sensitive tapes
- 9.6.6. Consumers
- 9.6.7. Other
- 9.7. Market Analysis, Insights and Forecast – By Country
- 9.7.1. China
- 9.7.2. India
- 9.7.3. Japan
- 9.7.4. Australia
- 9.7.5. South East Asia
- 9.7.6. Rest of Asia Pacific
10. Middle East & Africa Adhesives and Sealants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Adhesives Technology
- 10.2.1. Water-based
- 10.2.2. Solvent-based
- 10.2.3. Hot melt
- 10.2.4. Reactive & other
- 10.3. Market Analysis, Insights and Forecast – By Adhesives Product
- 10.3.1. Acrylic
- 10.3.2. PVA
- 10.3.3. Polyurethanes
- 10.3.4. Styrenic block
- 10.3.5. Epoxy
- 10.3.6. EVA
- 10.3.7. Other
- 10.4. Market Analysis, Insights and Forecast – By Adhesives Application
- 10.4.1. Pressure-sensitive applications
- 10.4.2. Packaging
- 10.4.3. Construction
- 10.4.4. Furniture
- 10.4.5. Footwear
- 10.4.6. Automotive
- 10.4.7. Other
- 10.5. Market Analysis, Insights and Forecast – By Sealants Product
- 10.5.1. Silicones
- 10.5.2. Polyurethanes
- 10.5.3. Acrylic
- 10.5.4. Polyvinyl acetate
- 10.5.5. Other
- 10.6. Market Analysis, Insights and Forecast – By Sealants Application
- 10.6.1. Construction
- 10.6.2. Automotive
- 10.6.3. Packaging
- 10.6.4. Assembly
- 10.6.5. Pressure-sensitive tapes
- 10.6.6. Consumers
- 10.6.7. Other
- 10.7. Market Analysis, Insights and Forecast – By Country
- 10.7.1. GCC
- 10.7.2. South Africa
- 10.7.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Henkel AG
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. H.B. Fuller
- 11.6. Sika AG
- 11.7. Arkema
- 11.8. 3M Company
- 11.9. Huntsman Corporation
- 11.10. Illinois Tool Works Inc.
- 11.11. Avery Dennison Corporation
- 11.12. Dow Inc.
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
