Adhesives & Sealants Market size is anticipated to reach USD 20 billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of adhesives & sealants was over USD 10 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.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~8% |
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Base Year Market Size (2022) |
~ USD 10 Billion |
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Forecast Year Market Size (2035) |
~ USD 20 Billion |
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Regional Scope |
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Type (Water-based, Solvent-based)
The solvent-based segment is estimated to hold 60% share of the global adhesives & sealants market in the year 2035. 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 2035. 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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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 2035. 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.
Author Credits: Smruti Ranjan, Rajrani Baghel
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