Adhesives and Sealants Market to be Worth $87.2 Billion by 2031

Adhesives and Sealants Market by Product (Adhesives, Sealants), Application (Paper & Packaging, Building & Construction, Footwear & Leather) and Geography - Global Forecast to 2031

Meticulous Research^®—leading global market research company, published a research report titled, ‘Adhesives and Sealants Market by Product (Adhesives, Sealants), Application (Paper & Packaging, Building & Construction, Footwear & Leather) and Geography -Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the adhesives and sealants market is projected to reach $87.2 billion by 2031, at a CAGR of 3.8% from 2024–2031.The growth of this market can be attributed to several factors: the growing adoption of adhesives & sealants in the building & construction industry and the increasing demand for adhesives in the healthcare industry. However, the high fluctuations in raw material pricing may restrain the growth of this market.

Furthermore, the increasing demand for adhesives and sealants in the packaging industry and increasing investment in the building & construction industry in developing economies are expected to offer growth opportunities for the players operating in this market. However, strict process control in the adhesives industry is a major challenge impacting the growth of the adhesives and sealants market.

The adhesives and sealants market is segmented by product (adhesive, {acrylic, cyanoacrylate, silicone, polyurethane, epoxy, ethylene vinyl acetate, other adhesives products}, sealants {acrylic, epoxy, silicone, polyurethane, other sealants products}, application (building & constructions, paper & packaging, automotive, transportation, semiconductor & electronics, footwear & leather, healthcare, and other applications), and geography. The study also evaluates industry competitors and analyses the market at the country and regional levels.

Based on product, the adhesives and sealants market is segmented into adhesives and sealants. In 2024, the adhesives segment is expected to account for the larger share of 80.0% of the adhesives and sealants market. The segment’s large share is attributed to the growing adoption of adhesives in the paper & packaging industry, rising demand for adhesives in the healthcare sector, and rising demand for adhesives manufacturing tapes & labels for general-purpose repair and heavy-duty carton sealing.

In addition, the benefits offered by adhesives, such as bonding, versatility, strength, durability, improved aesthetics, corrosion protection, enhanced performance, and substrate compatibility, contribute to this segment's growth. Also, several leading key players are taking initiatives to improve productivity. For instance, in January 2023, H.B. Fuller Company (U.S.) launched its new bio-compatible adhesive for medical applications. This product delivers effective high tack, secure, and quick bonding under high temperatures. Also, this segment is projected to register a higher CAGR during the forecast period of 2024–2031.

Based on application, the adhesives and sealants market is segmented into building & construction, paper & packaging, automotive, transportation, semiconductor & electronics, footwear & leather, healthcare, and other applications. In 2024, the paper & packaging segment is expected to account for the largest share of 30.0% of the adhesives and sealants market. The segment’s large share is attributed to the rising demand for adhesives and sealants to protect against moisture, dust, and other contaminants during storage and transportation; the rising need for adhesives and sealants to improve the shelf life of packaged products; and the rising adoption of adhesives in the packaging of drugs.

In addition, the benefits of adhesives and sealants in the paper & packaging include sealing bonding, enhanced protection, improved shelf life, lightweight packaging, and improved aesthetics. Furthermore, several leading key players are taking initiatives to redefine their business strategies. For instance, in July 2022, H.B. Fuller Company (U.S.) partnered with Enimac (Italy) to leverage its pressure-sensitive adhesive tapes and provide quality solutions & technical support to a wide range of packaging makers.

However, the building & construction segment is expected to grow at the highest CAGR during the forecast period of 2024–2031. The rapid technological & architectural innovation, increasing demand for adhesives & sealants to fill cracks & sealing joints, and rising demand for adhesives & sealants to provide high-strength bonds & enhance the structural integrity of buildings are expected to support the growth of this segment.

Based on geography, the adhesives and sealants market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of 37.0% of the adhesives and sealants market. The growing adoption of adhesives and sealants in the paper & packaging industry, increasing investment in developing economies, and rising adoption of adhesives in the automotive industry are expected to support the growth of the region.

The presence of prominent players offering adhesives and sealants is also supporting the growth of this regional market. For instance, in September 2023, DuPont (U.S.) opened its new adhesives production facility in Zhangjiagang (ZJG), East China. The new facility will produce adhesives to serve customers in the transportation industry, primarily in lightweight and fast-growing vehicle electrification applications. Furthermore, in May 2021, Henkel AG & Co. KGaA (Germany) announced the construction of a new Adhesive Technologies Innovation Center in Shanghai. The state-of-the-art facility will transform Henkel’s current Zhangjiang site into an Innovation Center for China and Asia-Pacific. The new site will also strengthen the position of Henkel Adhesive Technologies to serve a variety of industries and develop leading adhesives, sealants and functional coatings solutions for customers in the region. Moreover, the Asia-Pacific region is projected to register the highest CAGR of 5.0% during the forecast period.

Key Players:

The key players operating in the adhesives and sealants market are Cabot Corporation (U.S.), Ashland Global Holdings Inc. (U.S.), Avery Dennison Corporation (U.S.), H.B. Fuller Company (U.S.), Henkel AG & Co. KGaA (Germany), Arkema S.A.(France), Huntsman Corporation (U.S.), Wacker Chemie AG (Germany), Uniseal Inc. (U.S.), Sika AG (Switzerland), Akzo Nobel N.V. (Netherlands), Dymax Corporation (U.S.), MAPEI S.p.A. (Italy), Meridian Adhesives Group (U.S.), and 3M Company (U.S.).

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Key Questions Answered in the Report:

Which are the high-growth market segments in terms of product and application?
What is the historical market size for the adhesives and sealants market?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the adhesives and sealants market?
Who are the major players in the adhesives and sealants market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the adhesives and sealants market?
What are the different strategies adopted by major market players?
What are the trends and high-growth countries?
Who are the local emerging players in the adhesives and sealants market, and how do they compete with other players?

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