Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Adhesives & Sealants Market size was valued at USD 11.8 billion in 2024 and is expected to cross USD 33.96 billion by the end of 2037, expanding at more than 8.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of adhesives & sealants is estimated at USD 12.6 billion.
The adhesives and sealants market is substantial and has been experiencing steady growth over the years. Factors contributing to this growth include increased demand from industries like automotive, construction, and electronics, as well as advancements in adhesive technology.
The adhesives and sealants market refers to the global industry that produces and sells various types of substances used to bond or seal materials together. These substances play a critical role in a wide range of industries, including construction, automotive, aerospace, electronics, packaging, and more. Adhesives are used to join different materials together, while sealants are used to fill gaps and prevent the passage of liquids or gases. Research and development efforts are ongoing to create adhesives and sealants with improved performance characteristics, such as higher strength, better resistance to environmental factors, and enhanced flexibility.
Adhesives & Sealants Sector: Growth Drivers and Challenges
Growth Drivers
- Burgeoning Demand in the Automotive Industry: The automotive sector stands as a prime catalyst for the adhesives and sealants market growth. The ongoing trend of light weighting vehicles for enhanced fuel efficiency and reduced emissions has significantly augmented the demand for advanced adhesive solutions. Statistical data from industry reports reveals that the automotive adhesives sales are projected to grow to nearly USD 9.3 billion by 2026.
- Thriving Construction Activities Globally: The construction industry's perpetual expansion, particularly in emerging economies, has created a substantial avenue for adhesives and sealants. Rapid urbanization and infrastructure development have driven demand for these materials in applications ranging from structural bonding to insulation.
- Evolving Packaging Landscape: The packaging industry's metamorphosis toward sustainability and innovation has fostered a growing need for adhesive solutions that enable environmentally friendly designs and materials.
Challenges
- Environmental Regulations and Sustainability Demands: Stringent environmental regulations and increasing consumer demand for sustainable products pose challenges for the sector. Adhesive and sealant manufacturers must navigate compliance with regulations related to volatile organic compounds (VOCs), hazardous chemicals, and waste disposal. Meeting these requirements while maintaining product performance can be complex.
- Challenging Substrates
- Long-Term Performance
Adhesives & Sealants Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.4% |
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Base Year Market Size (2024) |
USD 11.8 billion |
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Forecast Year Market Size (2037) |
USD 33.96 billion |
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Regional Scope |
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Adhesives & Sealants Segmentation
Type (Water-based, Solvent-based)
The solvent-based segment is estimated to hold 60% share of the global adhesives & sealants market in the year 2037. Solvent-based adhesives and sealants have garnered attention for their exceptional bonding capabilities across a wide spectrum of substrates. Their ability to form robust connections between materials such as metals, plastics, and ceramics positions them as a preferred choice for industries requiring durable and versatile bonding solutions.
End User (Automotive, Construction, Electronics)
The automotive segment in the adhesives & sealants market is expected to garner a significant share in the year 2037. The advent of electric vehicles necessitates specialized adhesives for battery assembly, ensuring optimal performance and safety. As the EV market proliferates, the demand for adhesives tailored to battery technology is set to rise. In the year 2020, global electric vehicle sales reached approximately 3 million units, accounting for about 4% of total global car sales.
Our in-depth analysis of the global adhesives & sealants market includes the following segments:
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Type |
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End User |
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Customize this ReportAdhesives & Sealants Industry - Regional Synopsis
APAC Market Forecast
The adhesives & sealants market in the Asia Pacific region is projected to hold the largest market share of 38% by the end of 2037. The Asia Pacific region's adhesives and sealants market is experiencing an impressive surge, underscored by a confluence of compelling growth drivers. The drivers collectively epitomize the region's role as a global adhesives and sealants powerhouse. In 2020, the Asia Pacific region accounted for over 45% of the global manufacturing value-added, affirming its manufacturing prowess.
North American Market Statistics
The adhesives & sealants market in the North America region is projected to hold the second largest share during the forecast period. The rise of e-commerce and changing consumer preferences have spurred innovations in packaging materials and designs, augmenting the demand for adhesives and sealants in packaging applications. Adhesives and sealants are integral to the aerospace industry, offering lightweight bonding solutions and contributing to the production of high-performance aircraft.
Companies Dominating the Adhesives & Sealants Market
- Henkel AG & Co. KGaA
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- 3M
- BASF SE
- Sika AG
- Dow Inc.
- H.B. Fuller
- Avery Dennison
- Arkema Group
- Wacker Chemie AG
- Momentive Performance Materials Inc.
In the News
- Sika announced on August 12, 2023 that it has acquired Chema, a leading mortar manufacturer in Peru. Chema is a family-owned business with over 50 years of experience in the mortar industry. The acquisition will strengthen Sika's position in the Peruvian market and support its growth strategy in Latin America.
- Sika reported on August 9, 2023 that its sales increased by 7.9% in the first half of 2023 to CHF 5.5 billion. The company's profit also increased by 11.3% to CHF 714 million. Sika attributed the growth to the successful consolidation of the MBCC acquisition and strong demand in all regions.
Author Credits: Rajrani Baghel
- Report ID: 4519
- Published Date: Oct 11, 2024
- Report Format: PDF, PPT
