Wilmington, Delaware, Nov. 03, 2023 (GLOBE NEWSWIRE) -- According to RationalStat market study, the Global Adhesives & Sealants Market value is estimated at US$ 65.7 billion in 2023 and is expected to rise at a strong CAGR of over 4.3% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
Adhesives and sealants are compounds that are used to attach or join materials together and prevent fluids, gases, or particles from passing between them. They are critical in a variety of industries, including automotive, construction, aerospace, electronics, packaging, and healthcare.
Environmentally friendly products are becoming increasingly popular. Many traditional bonding procedures use hazardous chemicals. Adhesives and sealants provide a more environmentally friendly option, and as environmental restrictions tighten, industries are migrating towards these solutions.
- According to a deep-dive market assessment by RationalStat, the global Adhesives & Sealants market has been analyzed on the basis of market segments, including product type, technology, end user and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Adhesives & Sealants market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Adhesives & Sealants market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Adhesives & Sealants Market: Segmental and Market Share Analysis
- On the basis of technology, the hot melt sector is becoming increasingly popular around the world. These goods have a wide range of end-use applications, which is driving market share.
- On the basis of end user, in 2022, the paper and packaging category dominated the market, accounting for 25% of total sales. The unexpected increase in healthcare spending boosted demand for packaging products.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 65.7 billion |
| Market Size Forecast | US$ 88.2 billion |
| Growth Rate | 4.3% |
| Dominant Segment | Paper and packaging |
| Dominant Region | North America |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some leading players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global adhesives & sealants market include,
- In November 2021, Wacker demonstrated silicone adhesive gels and liquid silicone rubber for medical uses. SILPURAN 2114 and SILPURAN 2122 provide for the safe and skin-friendly attachment of wound dressings and therapeutic devices.
These companies offer a wide range of adhesives and sealants for a variety of industries, including construction, automotive, packaging, electronics, and consumer goods. They are constantly innovating to develop new and improved products that meet the evolving needs of their customers.
Some of the prominent players and suppliers operating and contributing significantly to the global adhesives & sealants market growth include 3M, Henkel AG & Co. KGaA, H.B. Fuller, Arkema, Dow, Bostil, Pidilite Industries, RPM Industries, Soudal, Ashland, Sika AG, and Avery Dennison Corporation, among others.
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RationalStat has segmented the global adhesives & sealants market based on product type, technology, end user and region
- Global Adhesives & Sealants Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Product Type
- Pressure-sensitive adhesives
- Construction adhesives
- Packaging adhesives
- Industrial adhesives
- Global Adhesives & Sealants Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Technology
- Water based
- Solvent based
- Hot-melt
- Others
- Global Adhesives & Sealants Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by End User
- Construction
- Paper and Packaging
- Consumer Goods
- Transportation
- Others
- Global Adhesives & Sealants Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Region
- North America Adhesives & Sealants Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- US
- Canada
- Latin America Adhesives & Sealants Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Adhesives & Sealants Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Adhesives & Sealants Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Adhesives & Sealants Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Adhesives & Sealants Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Adhesives & Sealants Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
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Key Questions Answered in the Adhesives & Sealants Report:
- What will be the market value of the global Adhesives & Sealants market by 2030?
- What is the market size of the global Adhesives & Sealants market?
- What are the market drivers of the global Adhesives & Sealants market?
- What are the key trends in the global Adhesives & Sealants market?
- Which is the leading region in the global Adhesives & Sealants market?
- What are the major companies operating in the global Adhesives & Sealants market?
- What are the market shares by key segments in the global Adhesives & Sealants market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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