Uploaded on Feb 2, 2021
Adhesives & Sealants Market By Segmentations, Key Company Profiles & Demand Forecasts to 2021 – 2027
Adhesives & Sealants
Adhesives & Sealants Market By Segmentations, Key Company Profiles & Demand Forecasts
to 2021 – 2027
Market Overview
Adhesives are substances that possess properties capable of holding materials together in a
functional manner that resists separation. Adhesives include cement, glue, paste and mucilage,
which are used to hold objects together. Sealants are materials with adhesive properties that are used
to seal, fill, waterproof, gaps, and joints between two surfaces. Owing to these properties, sealants
are widely used in dental care to fill cavities. Moreover, due to high tensile and shear strength,
adhesive are classified into two categories such as structural adhesive and nonstructural adhesives.
The chemicals formulation and technology involved in adhesive and sealants are similar. Water-
based adhesive and silicon-based sealants are expected to hold a dominant position in the global
adhesives and sealants market over the forecast, owing to the significant expected growth in the
construction, packaging, and automobiles industries, which widely employ sealants and adhesives
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Market Dynamics
Asia Pacific is expected to be one the major revenue contributors due to the presence of emerging
economies and supportive government policies in the region. For instance, Make in India initiative
by Government of India aims to boost the manufacturing of passenger vehicles to 9.4 million in the
country, by 2026. Moreover, due to rampant economic growth and rapid urbanization in in India
and China, the demand for adhesive and sealants in Asia Pacific, is expected to witness tremendous
growth over the forecast period. The growth of the market is also fueled by burgeoning growth
experienced in various end-use industries in the region. Demand for modern buildings and
commercial complexes with glass exteriors is increasing, in turn driving growth of the global
adhesive and sealants market.
Adhesives and Sealants Market Taxonomy
On the basis of product type, the global adhesives market is classified into:
•Solvent based
•Water based
•Hot melt
•Reactive
•Others
On the basis of product type, the global sealants market is classified into:
•Acrylic sealant
•Polyurethane sealant
•Silicon sealant
•Butyl sealant
•Others
On the basis of application, the global adhesives and sealant market is classified into:
•Packaging
•Buildings and construction
•Wood works
•Footwear
•Medical
•Others
Some of the key companies leading the market are 3M, The Dow Chemicals Company, Henkel AG
& Co. KGaA, Avery Dennison, Royal Adhesives & Sealants LLC, Ashland Inc., Akzo Nobel NV,
Arkema SA, BASF SE, Bemis Company Incorporated, Berry Plastics Corporation, RPM
International, DuPont, and Evans Adhesive Corporation Limited, among others. Manufacturers are
working closely with OEMs and R&D centers of major automotive players, to bridge the demand
gap and offer tailored- products.
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