The new report by Expert Market Research titled, ‘Global Sealants and Adhesives Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global sealants and adhesives market, assessing the market based on its segments like product types, end-use industries, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): USD 60 billion
• Forecast CAGR (2020-2025): 3.7%
• Forecast Market Size (2025): USD 75 billion
Water-based adhesives would be leading the market in the segment as more and more companies are now shifting towards adhesives that emit low volatile organic compounds (VOCs). The market is witnessing a shift from solvent-based technology to water-based and hot-melt technologies to minimise VOC emissions. The rising demand for lightweight passenger cars with higher fuel economy and lower emissions has driven the demand for high-performance adhesives across the automobile sector. Silicone sealant holds the largest share in the sealants market due to its proven advantages such as flexibility, resistance to temperature, water resistance, and inertness.
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Industry Definition and Major Segments
Adhesives are any non-metallic substance applied to one or both surfaces of two separate items that hold them together and resists their separation. The properties of adhesives are the main factor on which the durability of the bond is dependent, and, thus, widely used for permanent, semi-permanent, and temporary bonding. Sealants, on the other hand, is a substance used to block the passage of fluids through the surface, joints, or openings in materials, a type of technical seal.
Based on product type, adhesives can be segmented into:
• Reactive Systems
• Solvent Based
• Vinyl Acetate
• PVA (Polyvinyl Acetate)
• Water Based
• Acryl Emulsion
• Vinyl Acetate
• Hot Melt
• EVA (Ethylene Vinyl Acetate)
Based on product type, sealants can be categorised as:
On the basis of end-use industries, the adhesives market is divided into:
• Paper, Board, and Related Products
• Building, Construction, Civil Engineering, Craftsmen
• Woodworking and Joinery
• Footwear and Leather
• Assembly Operations
By end-use industries, the sealants market can be segmented into:
• Construction (Incl. Insulating glass, glazing)
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The major regional markets for sealants and adhesives are:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The rise in the regulations by the environmental authorities regarding the production of chemical and petrol-based products has made the manufacturers shift to launch bio-based adhesives, which emit less VOCs. Hence, the manufacturers are investing intensively in R&D activities for the production of bio-based products. The rising demand for more fuel-efficient passenger vehicles in the United States has prompted the manufacturers to use more advanced products, which would have high tensile strength. The Asia Pacific region would be the fastest-growing market due to the rising population and increase in the disposable income of the same.
Key Market Players
The major players in the market are Henkel AG & Co. KGaA, Sika AG, Bostik SA, Saint-Gobain S.A, H.B. Fuller Company, Evonik C, DowDuPont Inc., 3M Chemical Limited, and Wacker Chemie AG. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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