Adhesives and Sealants Market Size Worth Around US$ 80 Bn by 2027: Acumen Research and Consulting

LOS ANGELES, June 2, 2020 /PRNewswire/ -- The global adhesives and sealants market size is expected to worth of around US$ 80 Bn by 2027 with registered CAGR of around 5.1%. 

Acumen Research and Consulting, a global provider of market research studies, in a latest published report titled "Adhesives & Sealants Market (By Type: Hot melt, Solvent based, Water based, Reactive & other; By Application: PVA, Acrylic, Epoxy, Polyurethanes, Styrenic block, EVA, Other; By End User: Consumer, Automotive & Transportation, Building & Construction, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027".

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The primary growth driving force is increasing demand for applications such as automotive, packaging, building, clothing, etc. For applications such as planes and automotive, the use of adhesives and sealants tends to minimize weight. The traditional linking methods are replaced by adhesives that allow the finished component to have lesser weight. The automobile industry is substituted by products such as adhesives and displays for the welding activities of the assembly of engine parts that improve fuel efficiency by weight decrease. In recent years, the organizations have chosen glass manufacturing infrastructures to enhance the look and appearance; large glass panels that require sealants to ensure a weatherproof surface are built. Besides, owing to advanced methods of manufacturing and technologies, adhesives are commonly employed in the disposable medical device field. Innovation in medical practices and the ageing population tends to cause the adhesives and sealants demand rise.

Segmentation Outlook

The automotive adhesive market is anticipated to grow at a fastest CAGR amid the forecast phase. Strict US fuel consumption requirements have forced big auto makers to reduce the weight of cars that boost demand. In addition, the segment is projected to be powered by the growth of the auto industry in BRIC countries over the forecast timeframe.

Sealant packaging retained a considerable market share in 2019 in terms of value. With the advent of lightweight packaging, creativity in packaging is at its height. In the packaging business, sealants are used to ensure a sealed container is maintained during storage, shipment, and usage Asia Pacific is expected to improve the use of sealants by the increasingly expanding packaging industry.

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Regional Analysis

Asia Pacific held significant market share in 2019. The rise of regional development is expected to accelerate by swift industrialization, high GDP growth and an increase in manufacturing output. In the construction industry, supportive government policies are also expected to promote which is expected to support the penetration of the product in the region,

In terms of use, Germany, UK, and France are predominantly leading the European adhesive industry in a number of fields. In the region the demand for drugs, automobiles, engineering and electronics mainly drives production. Besides, due to their expanded use in building, paper and packaging applications, the waterborne and reactive section was performed.

About the Market

Adhesives are substances that have properties which resist separation that can keep materials together functionally. Cement, glue, paste and mucilage are used in adhesives used to bind objects together. Sealants are adhesive materials, and are used for binding, lining, waterproofing, separating and linking between the two surfaces. Thanks to these features, screening agents are commonly used for cavities of dental treatment. In addition adhesives are classified into two groups as structural adhesive and non-structural adhesive because of their high tensile and shear strength. Adhesive and sealants use the same chemical composition and technologies. Thanks to substantial development in the manufacturing, container packaging and automotive sectors, which employ a great deal of sealants and adhesives, water-based adherent and silicone-based sealants are expected to maintain a dominant position in  global sector.

Related Reports

• Hybrid Adhesives & Sealants Market - The global market size is expected to around USD 23.2 billion by 2026, this market is foreseen to develop with 9.0% CAGR during the forecast period.
• Aviation Adhesives and Sealants Market (By Technology - Solvent Based and Water Based; Market By Resins - Epoxy, Silicon, and PU; Market By Product - Adhesives and Sealant; Market By End-User - General Aviation, Commercial, Military) - Global Industry Size, Share, Trends, and Forecast, 2018-2026

Key Players & Strategies

With the top five companies responsible for about 30 per cent of the market share, the demand for adhesives and sealants is fragmented.

Participants include major global players such H.B. Fuller, 3M, Henkel AG & Co. KGaA, Sika AG, Arkema Group, and Others.

Furthermore, growth is a key tactic for the company to achieve strategic edge and large market share. In September 2017 for example, BASF announced the opening of a new plant for specialty amines in China.

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About Us

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. Among the industries served include aerospace and defense, information and communication technology (ICT), semiconductor and electronics, healthcare and pharmaceuticals, chemicals, advanced materials, banking, finance services and insurance (BFSI), and others.

Our collective industry experience of over 100 years has helped us to offer appropriate market information and our global reach and regional connects ensures appropriate insights into regional markets to guarantee apt delivery of information.

Our regional market intelligence helps our clients to identify potential opportunities and develop growth strategies across regions and countries. Our services are geared towards offering best market research to our clients.

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SOURCE Acumen Research and Consulting

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