May 12, 2022 06:00 ET | Source: Market Study Report Market Study Report

Pune, India, May 12, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, that global adhesives & sealants market is slated to record a 5.2% CAGR and garner a valuation of USD 86,196 million during 2021-2027. 

Going further, the study conducts a granular analysis of the industry segments by ascertaining growth rate forecasts and revenue share retained by each vertical through 2027.

The document encompasses details about the regions contributing to the revenue flow of the market, while focusing on the trends and opportunities in these areas.

It studies the competitive landscape of the market by delving deep into the company profiles and illustrating the strategies adopted by them in the form of geographic expansion, new product innovations, and mergers & acquisitions.

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This impressive growth can be ascribed to multiple elements like surging population & consequent rapid urbanization taking place in emerging economies, rising demand for permanent housing, and increasing application of the product in multiple sectors like construction, insulation systems, etc.

For those unversed, adhesives are components that functionally holds materials together by binding the surfaces and helping them withstand detachment.

Soaring demand for green buildings, combined with the emergence of eco-friendly adhesives given the strict regulations concerning the environment are compelling the manufacturers to produce adhesive solutions from biodegradable, recyclable, & renewable sources of materials on a wider scale which is further bolstering global adhesives & sealants industry development. 

During the COVID-19 pandemic, the market was severely affected due to temporary shutdown of manufacturing units to contain the spread of the virus outbreak. The workforce dislocation and supply chain disruptions led to a shortage of raw materials and labor which halted the production in various sectors. However, with the containment of the virus and vaccinations in place, the industry is estimated to pick up pace in the forthcoming years.

Speaking of resin type, polyurethane segment is slated to grow notably over 2021-2027, on account of widespread usage of polyurethane sealants in marine, construction, parking deck & sidewalk sealing, and automotive applications. These sealants provide benefits like abrasion resistance, adhesion, and better tintability.

Moving on to end-user scope, the industry share from building & construction segment is reckoned to grow over the analysis timeframe, owing to increasing number of renovation and construction projects.

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The established names amplifying the competitive sphere of global adhesives & sealants business environment include Wacker Chemie AG, Arkema S.A., The 3M Company, Ashland Global Specialty Chemicals Inc., Avery Dennison Corporation, Pidilite Industries Limited, Dow Inc., Jowat SE, H.B. Fuller Company, Illinois Tool Works Inc., Henkel AG & Co. KGaA, Huntsman Corporation, and Hexcel Corporation among others.

Global Adhesives & Sealants Market, By Technology (Revenue, USD Million, 2017-2027)

Global Adhesives & Sealants Market, By End User (Revenue, USD Million, 2017-2027)

Global Adhesives & Sealants Market, By Resin (Revenue, USD Million, 2017-2027)

Global Adhesives & Sealants Market, Regional Analysis (Revenue, USD Million, 2017-2027)

Global Adhesives & Sealants Market, Competitive Dashboard (Revenue, USD Million, 2017 – 2027)

Part 5. Global market for adhesives & sealants by technology

Part 6. Global market for adhesives & sealants by resin

Part 7. Global market for adhesives & sealants by end user

Part 8. Global market for adhesives & sealants by region

8.4 Rest of the World (RoW)

Global Adhesives Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027

The global adhesives and sealant market is expected to see substantial gains in the upcoming time period due to escalating product usage across numerous end-user industries such as construction, transportation, automotive, packaging, furniture, and footwear among others. Rising consumer preference for home interiors and carpeting, and increasing use of silicone sealants in construction and automotive would also foster the industry share. Adhesives is a substance which can hold materials or objects such as substrates together in a functional manner by surface attachment resisting separation. Both adhesives and sealants enhance product durability and flexibility and also increases quality of product as well as product performance. From a regional frame of reference, the sealant market revenue in LATAM was estimated to be around $1515 million in 2020 and is likely to follow promising growth over the coming years. The sealant market revenue in Middle East & Africa is anticipated to be more than $2530 million by 2023.

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