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Adhesives and Sealants Market Growth, Trends, Analysis and Forecast

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World Adhesives and Sealants Market - Opportunities and
Forecasts, 2015 – 2022
World Adhesives & Sealants Market is Expected to Reach $66,876 Million by 2022 - Allied Market
According to a new report published by Allied Market Research, titled, Adhesives & Sealants Market, the
adhesives & sealants market is expected to reach $66,876 million by 2022, growing at a CAGR of 3.7%
from 2016 to 2022. Water-based adhesives segment held about 40% share of the global adhesives
market in 2015, owing to its viability as an alternative choice to conventional solvent-based adhesive
Factors driving the overall adhesives & sealants market are increasing automobile production and
surging demand for packaging material. The automotive industry is gradually replacing welding activities
of engine parts assembly with adhesives & sealants products to reduce the vehicle weight, which in turn
increases fuel efficiency. Strong growth in infrastructure activity is also expected to drive the growth of
adhesives & sealants market. Rapid urbanization and population growth in developing countries
combined with rebounding construction activities in developed markets of Europe and the U.S. is fueling
the demand for adhesives & sealants products. Stringent regulations on volatile organic chemical (VOC)
emission is likely to restrain the market, as solvent-based adhesives (vinyl acetate, resins, rubber and
others) have the tendency to react with nitrogen oxides present in the atmosphere to form ozone,
which poses a health threat by causing respiratory problems. The increasing popularity of environmentfriendly adhesives over traditional solvent-based and water-based adhesives acts as an opportunity for
the market growth.
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Water-based adhesives segment is expected to continue its lead throughout the analysis period. This is
owing to inkling of major end-user industries namely packaging and construction toward water-based
adhesive products; as solvent-based adhesive products are highly prone to volatile organic compound
(VOC) emissions. Other factors attributing to its growth are its user-friendly nature and safety in the
working environment. Water-based adhesives are free of toxic elements and hazardous organic
elements, thus fulfilling the regulations. In the year 2015, the silicone-based sealants segment occupied
more than 40% of the world Sealants market revenue due to compatibility, strength, stability, and
durability. Compatibility of silicone sealants in construction applications has made it the most
commendable type in the market.
The demand from footwear and medical applications is increasing at the higher CAGRs of 5.6% and
4.8%, respectively, during the forecast period. This is due to reasons such as, increasing global footwear
production, especially in China & other emerging countries, and growing Adhesives usage in several
medical areas, such as implant, tissue bonding, dental and wound closure.
Key findings of the study
Asia-Pacific is expected to continue to lead the market throughout 2022, followed by Europe.
Silicone sealants are expected to dominate the sealants market until 2022.
Paperboard & packaging and building & construction together accounted more than half of the global
Adhesives & sealants demand in 2015.
Hot melt adhesives market volume is projected to grow with a higher CAGR of 6.1% during the forecast
China alone contributed to around 20% of the world adhesives & sealants revenue in 2015.
Asia-Pacific and Europe dominate the adhesives & sealants market, together contributing two-thirds of
the worlds revenue. Globally, Asia-Pacific dominates the building & construction, packaging, and
automotive production, where adhesives & sealants are majorly applicable. Hence, this region was the
major consumer of adhesives & sealants in 2015, and is expected to maintain this position throughout
the forecast period.
Most of the companies in this market are investing significantly in R&D to develop environment-friendly
products. The prominent players profiled in this report include Henkel AG & Co. KGaA, Sika AG, H.B.
Fuller, 3M Corporation, Bostik SA, Huntsman International LLC, Avery Dennison Corporation, Dow
An adhesive is a chemical mixture that joins two surfaces together to frame a single unit, whereas a
sealant is a semi-solid material which is used for prevention of fluid leakage. Adhesives & sealants are
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formulated with similar chemicals and technologies, and are used in a related range of applications.
Although they are considered as a single industry, their performance is distinct across end applications.
Regulatory bodies have different specifications and test methods for each of them. Adhesives have high
shear and tensile strength, which makes the material preferable for holding- and bonding-related
applications. On the other hand, sealants fill gaps and resist relative movement of substrates. They are
generally lower in strength than adhesives, but have better flexibility. The global adhesives & sealants
market is projected to reach $66,876 million by 2022, with a CAGR of 3.7% from 2016 to 2022.
The adhesives & sealants market is driven by multiple factors such as the growing demand for
lightweight products, rapid infrastructure development, and commercial renovation activities. The
automotive industry is gradually replacing welding activities of engine parts assembly with adhesives &
sealants products to reduce the vehicle weight, which in turn increases fuel efficiency. Glass building
constructions, especially for commercial space, are growing at a faster pace globally; large glass sheets
installed in these giant structures require considerable amount of sealants in the panel to make the
structure weathertight. In addition to the growth aspect, there are some challenges the industry has to
overcome, such as availability and volatile cost of raw material for the manufacture of adhesive &
sealant products.
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The global adhesives & sealants market is segmented on the basis of various parameters such as
adhesive type, sealant type, application, and geography. Based on adhesive type, the market is classified
into water-based, solvent-based, hot melt, pressure-sensitive, and Others, where others include reactive
adhesives & formaldehyde adhesives. Acrylic, silicone, polyurethane, butyl, polysulfide, latex, and silyl
modified polymer-based sealants are considered under the sealant type segmentation, where each type
is further classified to give an elaborative idea on the market. Water-based adhesives dominate the
overall adhesives market, whereas the sealants market is dominated by silicone-based sealants, in 2015.
Adhesives & sealants have a wide range of applications such as from paperboard & packaging, building
& construction, woodworking & joinery, transportation, footwear & leather, medical, and others.
Paperboard & packaging and building & construction are the major applications for adhesives &
sealants, which together contributed more than half of the total revenue in 2015.
The adhesives & sealants market, with its demand in end applications, has witnessed considerable
growth over the past few years, and this growth is estimated to increase in the coming years. Top
players in the market are investing huge capital in R&D activities to develop enhanced products, which
helps to meet current demand. Some of the major players in the adhesive & sealant market are Henkel
AG & Co. KGaA (Germany), Sika AG (Switzerland), H.B. Fuller (U.S.), 3M Corporation (U.S.), and Bostik SA
Geographically, the global adhesives & sealants market is segmented into North America, Europe, AsiaPacific, and LAMEA. Asia-Pacific is the largest region for the market, with a revenue share of one-third in
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2015, followed by Europe and North-America, each occupying a one-fourth revenue share.
The report provides an in-depth analysis of the global adhesives & sealants market and future
estimations from 2015 to 2022, including information about the current market situation, changing
market dynamics, expected trends, and market intelligence.
The factors that drive and impede the growth of the global market are comprehensively analyzed in this
SWOT analysis highlights the internal environment of leading companies for effective strategy
The report contains a comprehensive study of the key strategies adopted by companies to gain traction
in the market.
Micro-level analysis is conducted based on type, application, and region.
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