Adhesives and Sealants Market Segmentation:
Product Segment Analysis
The adhesives segment is likely to hold more than 67% adhesive and sealants market share by 2037, due to its application across verticals. In December 2024, Henkel increased production capacity in India due to increasing adhesive consumption in the automotive and electronics segments. Compared to mechanical fasteners, adhesives are more versatile in the design aspect, often used to support lightweight structures. Advances in the packaging industry, consumer goods, and construction sectors have driven the adoption of adhesives over conventional techniques, and as a result, increasing investments are being initiated by companies for the production of advanced adhesives. For example, in November 2023, Tesa launched Tesa 51345, an adhesive developed through paper-based reinforcement to strengthen packaging and cartons.
Technology Segment Analysis
By 2037, water-based segment is predicted to account for around 39.5% adhesive and sealants market share, mainly due to regulations and the environment. In October 2024, Arkema introduced new bio-based additives to improve the performance of waterborne coatings and adhesives. These formulations have low volatile organic compounds emissions that are friendly to the environment in compliance with the global standards. It is a trend that is steadily gaining popularity in packaging, textiles, construction, and automotive industries. Improved performance characteristics make it possible to achieve performance levels of solvent-based adhesive systems with water-based ones. Sustainability certifications and green building standards favor water-based options. With more and more consumers becoming conscious of the environment, water-based adhesives are fast emerging as the most popular technology.
Application Segment Analysis
The building and construction segment is anticipated to expand at a significant CAGR during the forecast period due to the widespread use of adhesives and sealants, such as acrylic, epoxy, silicon, butyl, and others, for molding, flooring, and other purposes. The rapid expansion of the building and construction sector also drives the dominance of the segment, providing scope to use adhesives and sealants increasingly in the accomplishment of different building and construction activities.
Our in-depth analysis of the adhesives and sealants market includes the following segments:
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