What is the key driver of Global Adhesives And Sealants Market?

Fluctuations in the prices of raw materials used in the manufacturing of adhesives and sealants can pose a significant challenge for manufacturers. Price instability can impact the overall production costs and profit margins, leading to increased product prices or reduced profitability.

Which region accounted for the largest share in Global Adhesives And Sealants Market?

The Asia Pacific region has emerged as a formidable powerhouse in the adhesives and sealants market, seizing a substantial revenue share of 41.2% in 2023. Despite the significant disruptions caused by the COVID-19 pandemic across industries such as textile & garments, construction, and automotive in 2020, the market has exhibited a robust recovery trajectory since then, gaining momentum steadily from 2021 through 2023. For instance, the pandemic-induced downturn resulted in a notable decline in textile trade between China and India, witnessing a year-on-year decrease of 12.4% in the first two months of 2020 compared to the preceding year. However, as the market gradually rebounded, the demand for adhesives and sealants in the textile industry of the region has experienced a steady resurgence. This resurgence can be attributed to various factors, including ongoing infrastructure development initiatives, heightened manufacturing activities, and a gradual recovery in export trade within the region.

Adhesives And Sealants Market Size, Share, Growth Analysis, By Adhesive Technology(Water-Based Adhesives (PVA Emulsion Adhesives, Acrylic Polymer Emulsion Adhesives, VAE Emulsion Adhesives, SBC Latex Adhesives), By Adhesive Application(Paper & Packaging, Building & Construction, Woodworking, Automotive & Transportation), By Sealant Resin Type(Polyurethanes, Silicone, Plastisol, Emulsion), By Sealants Application(Building and Construction, Automotive & Transportation, Consumer, Others), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Adhesives And Sealants Market?

The global adhesives and sealants market is a highly competitive industry characterized by the presence of numerous key players and a wide range of product offerings. The market is driven by various factors such as increasing demand from industries like automotive, construction, packaging, and healthcare. Major players in the market dominate the market through their strong distribution networks, extensive product portfolios, and continuous investments in research and development activities to introduce innovative and sustainable adhesive and sealant solutions. Additionally, strategic partnerships, mergers and acquisitions, and collaborations are common strategies adopted by these players to further strengthen their market position. '3M Company (US)', 'RPM International Inc. (US)', 'Pidilite Industries Ltd. (India)', 'Henkel AG & Co. KGaA (Germany)', 'Sika AG (Switzerland)', 'H.B. Fuller Company (United States)', 'Arkema S.A. (France)', 'Dow Chemical Company (United States)', 'Bostik (Arkema Group) (France)', 'Avery Dennison Corporation (United States)', 'Huntsman Corporation (United States)', 'Illinois Tool Works Inc. (United States)', 'Momentive Performance Materials Inc. (United States)', 'Jowat SE (Germany)', 'Ashland Global Holdings Inc. (United States)', 'Mapei S.p.A. (Italy)', 'LORD Corporation (Parker Hannifin Corporation) (United States)', 'Wacker Chemie AG (Germany)', 'BASF SE (Germany)', 'Hexion Inc. (United States)'

Report ID: SQMIG15E2496 | Region: Global | Published Date: July, 2024
Pages: 245 | Tables: 147 | Figures: 77

Adhesives And Sealants Market Competitive Landscape

Adhesives And Sealants Market Top Player's Company Profiles

Henkel AG & Co. KGaA (Germany)
3M Company (United States)
Sika AG (Switzerland)
H.B. Fuller Company (United States)
Arkema S.A. (France)
Dow Chemical Company (United States)
Selena Group (Poland)
Avery Dennison Corporation (United States)
Huntsman Corporation (United States)
Illinois Tool Works Inc. (United States)
Momentive Performance Materials Inc. (United States)
RPM International Inc. (United States)
Pidilite Industries Limited (India)
Jowat SE (Germany)
Ashland Global Holdings Inc. (United States)
Mapei S.p.A. (Italy)
LORD Corporation (Parker Hannifin Corporation) (United States)
Wacker Chemie AG (Germany)
BASF SE (Germany)
Hexion Inc. (United States)

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What is the global market size of Adhesives And Sealants Market?

Global Adhesives and Sealants Market size was valued at USD 67.48 billion in 2022 and is poised to grow from USD 71.5 billion in 2023 to USD 114 billion by 2031, growing at a CAGR of 6.0% in the forecast period (2024-2031).

Who are the key vendors in the Adhesives And Sealants Market?

The adhesives and sealants market are a highly competitive industry characterized by the presence of numerous key players and a wide range of product offerings. The market is driven by various factors such as increasing demand from industries like automotive, construction, packaging, and healthcare. Major players in the market dominate the market through their strong distribution networks, extensive product portfolios, and continuous investments in research and development activities to introduce innovative and sustainable adhesive and sealant solutions. Additionally, strategic partnerships, mergers and acquisitions, and collaborations are common strategies adopted by these players to further strengthen their market position. 'Henkel AG & Co. KGaA (Germany) ', '3M Company (United States) ', 'Sika AG (Switzerland) ', 'H.B. Fuller Company (United States) ', 'Arkema S.A. (France) ', 'Dow Chemical Company (United States) ', 'Selena Group (Poland) ', 'Avery Dennison Corporation (United States) ', 'Huntsman Corporation (United States) ', 'Illinois Tool Works Inc. (United States) ', 'Momentive Performance Materials Inc. (United States) ', 'RPM International Inc. (United States) ', 'Pidilite Industries Limited (India) ', 'Jowat SE (Germany) ', 'Ashland Global Holdings Inc. (United States) ', 'Mapei S.p.A. (Italy) ', 'LORD Corporation (Parker Hannifin Corporation) (United States) ', 'Wacker Chemie AG (Germany) ', 'BASF SE (Germany) ', 'Hexion Inc. (United States)'

What is the key market trend for Adhesives And Sealants Market?

Increased focus on sustainability: Sustainability has become a significant trend in the adhesives and sealants market. Manufacturers are increasingly developing eco-friendly formulations that minimize environmental impact throughout the product lifecycle. This includes reducing VOC emissions, using renewable or bio-based raw materials, and optimizing packaging for recyclability. For instance, water-based adhesives that eliminate or reduce the use of solvents are gaining popularity due to their lower environmental footprint.

Which region accounted for the largest share in Adhesives And Sealants Market?

The Asia Pacific region has emerged as a dominant region in the adhesives and sealants market, seizing a substantial revenue share of 41.2% in 2023. The market industries like textile & garments, construction, and automotive has shown a strong pattern from the year 2021 and continues to remain strong in the year 2023. For instance, with regional players like Pidilite is emerging, the future appears to be rosy for the Asian adhesives and sealants market. But construction in developing countries such as China and India is one that plays a crucial role. More factories within electronics, auto, and packaging industries require these products to manufacture and even encapsulate their products. Increasing tendencies towards e-shopping and consumption also call for higher durability, security, and adhesive based packaging.

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