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

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). 

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)'

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.

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.