Rising demand for gaming laptops and the growth of electronic markets are key factors driving market revenue growth
The global Adhesives and Sealants Market size is expected to reach USD 99.48 Billion in 2030 and register a revenue CAGR of 4.6% over the forecast period, according to the latest report by Reports and Data. Increase in demand for the product from end-use industries is the key factor driving market revenue growth. Adhesives are substances that help to bind two items together to make them solid and tough, and sealants are used as a hard coating on a permeable surface or to block the flow of fluid. Adhesives and sealants are utilized in a variety of applications, including building construction, paper packaging, transportation, and others. Increased demand for high-performance adhesives in the automotive, pressure-sensitive, construction, furniture, packaging, and footwear industries, as well as the increased penetration of lightweight passenger cars with high fuel efficiency and lower emissions, are driving the market revenue growth. Rise in demand for drywall, bathroom flooring, fixtures for walls, ceiling applications, tiling applications, and molding applications in the construction industry, as well as the increased use of adhesives in both interior and exterior vehicle applications, all further drive the market revenue growth. In addition, rapid urbanization and industrialization, RD activities, an increase in investments, and the expansion of end-user industries provide profitable opportunities for market players during the forecast period.
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Competitive Landscape:
The report offers details about financial standing, global positional, license agreement, business expansion plans and product portfolios of each player operating in the market. The global Adhesives and Sealants market is extremely competitive and comprise various key players operating at global and regional levels. These players are adopting various strategies such as mergers and acquisitions, collaborations, joint ventures, partnerships, RD investments and new product launches to gain robust footing in the market and expand their product portfolio.
Key Companies in the market include: Henkel AG Co. KGaA, H.B. Fuller Company, Sika AG, Arkema S.A., 3M Company, Huntsman Corporation, Illinois Tool Works Inc., Avery Dennison Corporation, Wacker Chemie AG, and RPM International Inc.
Report Overview:
The materials and chemicals industry revenue has rapidly expanded over the recent past. The global Adhesives and Sealants market is expected to register robust revenue growth during the forecast period, 2021-2028. Revenue growth of the global market is significantly driven by factors such as high demand for raw materials and chemicals across various sectors including food and beverages, paper pulp, chemicals and medical, biotechnology and pharmaceutical and rapid urbanization and industrial developments worldwide. In addition, increasing per capita income, rising investments by public and private organizations and rising demand for eco-friendly and sustainable products due to rising awareness about carbon emissions are expected to boost global market growth during the forecast period.
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Market Segmentation:
Adhesives Formulating Technology Outlook (Revenue, USD Billion; 2019-2030)
- Water-Based
- Solvent-Based
- Hot-Melt
- Reactive
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Building Construction
- Paper, Board, Packaging
- Automotive Transportation
- Woodworking Joinery
- Footwear Leather
- Healthcare
- Electrical Electronics
- Consumer
- Others
Sealants Resin Type Outlook (Revenue, USD Billion; 2019-2030)
- Silicone
- Polyurethane
- Acrylic
- Polyvinyl Acetate
- Others
Regional Outlook:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest Of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest Of APAC)
- Latin America (Chile, Brazil, Argentina, Rest Of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest Of MEA)
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Key questions covered in the global Adhesives and Sealants market report:
- What is the expected market size of the global Adhesives and Sealants market during the forecast period?
- What factors are expected to hamper global Adhesives and Sealants market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2022 and 2030?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Adhesives and Sealants market?
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