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

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. 

North America is experiencing fast growth, driven by several key factors. Firstly, due to the development of a strong construction sector throughout a large range of applications including flooring, roofing, and insulation all across the world especially in the United States. Secondly, the automotive industry is experiencing a shift towards higher usage of lightweight materials and superior bonding solutions to boost fuel efficiency and consequently, decrease greenhouse gas emissions. In light of our observations, the increased utilization of flexible packaging popular in America is driving the market further by growing at a rate of 7% annually. Factors such as the expanding investments on infrastructure development projects, and boosted DIY home improvement products and services are also driving the growth of this market.