Adhesives Sealants Market Report 2024 (Global Edition)

Global Adhesives Sealants Market Report 2024 Market Size Split by Product (Acrylic, PVA, Polyurethanes, Styrenic Block, Epoxy, EVA, Others), by Application (Paper & Packaging, Consumer & DIY, Building...

Adhesives Sealants Market Report Description

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Adhesives Sealants Market Insights Video

Competitive Landscape of the Adhesives Sealants Market

The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major adhesive sealants market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.

Adhesives Sealants Industry News

• September 2022: Henkel AG & Co. KGaA expanded its production facility to manufacture thermal interface material adhesives in Brandon, South Dakota. These adhesives are used in the electronics and automotive industry and sold under Loctite and Bergquist.

(Source: www.henkel.com/press-and-media/press-releases-and-kits/2022-09-21-henkel-expands-brandon-facility-to-support-manufacturing-of-electric-vehicles-and-electronics-1756222)

Top Companies Market Share in Adhesives Sealants Industry: (In no particular order of Rank)

• 3M Company
• Ashland Inc.
• Avery Denison Corporation
• H B Fuller
• Henkel AG
• Sika AG
• Pidilite Industries
• Huntsman
• Wacker Chemie AG
• RPM International Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, the North American Adhesives Sealants Market share was 40% of the total market

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue, owing to the region's robust industrial and construction activities, particularly in the United States and Canada. The growing automotive sector, coupled with the demand for advanced technologies in aerospace and electronics, fuels the need for high-performance adhesives. Additionally, stringent regulations promoting eco-friendly and sustainable products contribute to adopting innovative adhesives and sealant formulations. The region's emphasis on infrastructure development further propels the market, supporting advancements in adhesive and sealant technologies.

Europe is the fastest-growing region due to the increasing focus on lightweight and fuel-efficient vehicles, which enhances the demand for advanced adhesives. Additionally, stringent environmental regulations drive the shift towards eco-friendly and low-VOC adhesives and sealants. Construction activities, particularly in the residential and commercial sectors, contribute to the market growth. Moreover, technological advancements, product innovations, and a growing emphasis on sustainability further propel the adoption of adhesives and sealants in diverse industries across the European region.

The current report Scope analyzes Adhesives Sealants Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Adhesives Sealants Market

According to Cognitive Market Research, the global adhesives sealants market size was estimated at USD 76121.2 Million, out of which North America held the major market of more than 40% of the global revenue with market size of USD 30448.48 million in 2023 and will extend at a CAGR of around 3.0% from 2023 to 2030 due to robust construction and automotive sectors, technological advancements, increased demand for sustainable solutions, and stringent regulations encouraging the usage of environmentally friendly and high-performance adhesive and sealant products. According to Cognitive Market Research, the growing preference for hot melt adhesives, fueled by their rapid bonding capabilities, versatility across industries, and environmental advantages, contributes to increased demand in various applications and sectors. In conclusion, in North America, the adhesive sealants market is driven by robust construction, automotive, and manufacturing sectors, emphasizing durability, efficiency, and environmental compliance.

• According to Cognitive Market Research, the US had a major share in the adhesives sealants market, with a market size of USD 24023.85 million in 2023, and is projected to improve at a CAGR of 2.8% during the forecast period. This is due to robust construction activities, automotive production, and the demand for advanced bonding solutions across various industries. 
• The adhesives sealants industry in Canada had a market stake of around USD 3653.82 million in 2023 and is projected to extend at a CAGR of 3.8% during the predicted period. This is due to the growing demand across industries for efficient bonding solutions.
• The adhesives sealants market in Mexico is projected to enrich at a CAGR of 3.5% over the predicted span of time, with a market size of around USD 2770.81 million in 2023.

Europe Adhesives Sealants Market

According to Cognitive Market Research, the global adhesives sealants market size was projected at USD 76121.2 Million, out of which Europe held the prominent market stake of more than 30% of the global revenue with market size of around USD 22836.36 million in 2023 and will extend at a CAGR of 3.3% from 2023 to 2030 due to robust automotive and construction industries, increasing demand for sustainable and high-performance bonding solutions, and stringent regulations favoring environmentally friendly and energy-efficient adhesive technologies. According to Cognitive Market Research, the adhesive sealants industry is undergoing development driven by the requirement for solvent-based techniques. These adhesive sealants offer strong bonding properties, durability, and versatility, meeting diverse industrial needs and contributing to the region's construction, automotive, and manufacturing sectors. In conclusion, the European adhesive sealants market is driven by robust industrial sectors, technological advancements, and increasing adoption across diverse applications for enhanced performance.

• According to Cognitive Market Research, the adhesives sealants market in Germany was esteemed at USD 4521.60 million in 2023 and is projected to grow at a CAGR of 3.5% during the anticipated time due to expanding needs in packaging, construction, and automotive sectors.
• The United Kingdom adhesives sealants market had a market share of USD 3836.51 million in 2023 and is anticipated to expand at a CAGR of 4.1% during the forecast period. This is due to the rising demand for advanced bonding and sealing solutions. 
• The adhesives sealants market in France is anticipated to augment at a CAGR of 2.5% over the predicted period, with a market size of USD 2100.95 million in 2023.
• The Italian adhesives sealants market is anticipated to boost at a CAGR of 2.7% over the anticipated period, with a market size of USD 1963.93 million in 2023.
• A market size of around USD 3539.64 million was anticipated for the Russian adhesives sealants market in the year 2023; it is anticipated to grow at a CAGR of 2.3% over the forecast period.
• The Spanish adhesives sealants industry is anticipated to augment at a CAGR of 2.4% over the projected period, with a market size of USD 1872.58 million in 2023.
• The Luxembourg adhesives sealants industry will grow at a CAGR of 3.4% during the projected period, with an industry size of USD 707.93 million in 2023.
• The Portugal adhesives sealants market is projected to grow at a CAGR of 3.1% during the projected period, with a market size of USD 479.56 million in 2023.
• The Greece adhesives sealants market is projected to grow at a CAGR of 3.6% during the forecast period, with a market size of around USD 274.04 million in 2023.
• The Rest of Europe's adhesives sealants industry is anticipated to expand at a CAGR of 2.0% during the projection time, with a market size of around USD 3539.64 million in 2023.

Asia Pacific Adhesives Sealants Market

According to Cognitive Market Research, the global adhesives sealants market size was estimated at USD 76121.2 Million, out of which Asia Pacific held the market of more than 23% of the global revenue with market size of USD 17507.88 million in 2023 and will extend at a CAGR) of 6.8% from 2023 to 2030 due to region's expanding manufacturing and construction sectors fuel the demand for versatile bonding solutions, while the automotive industry relies on adhesives and sealants for lightweight and advanced assembly processes. According to Cognitive Market Research, the expanding construction and manufacturing activities fuel demand for high-performance adhesives, contributing to the market's growth as they play a vital role in bonding and sealing wood products in the industry. In conclusion, the Asia Pacific adhesives sealants industry is boosted by expanding the construction, automotive, and manufacturing sectors, reflecting the region's economic dynamism.

• According to Cognitive Market Research, the size of the China adhesives sealants market was valued at USD 7878.54 million in 2023 and is projected to extend at a CAGR of 6.3% over the forecast period. This is due to the presence of several prominent manufacturers.
• The India adhesives sealants market had a market share of USD 2100.95 million in 2023 and is projected to improve at a CAGR of 8.6% during the forecast period. This is due to the rising investments in the construction activities.
• The Japan adhesives sealants market is projected to extend at a CAGR of 5.3% during the forecast period, with a market size of USD 2416.09 million in 2023.
• The adhesive sealants market stake in South Korea is projected to expand at a CAGR of 5.9% during the forecast period, with a market size of USD 1750.79 million in 2023.
• The Australian stake in the adhesives sealants market is projected to enhance at a CAGR of 6.5% during the forecast period, with a market size of USD 910.41 million in 2023.
• The South East Asia adhesives sealants market is projected to improve at a CAGR of 7.8% during the forecast period, with a market size of USD 1208.04 million in 2023.
• The Rest of Asia Pacific adhesives sealants market is anticipated to extend at a CAGR of 6.6% during the forecast period, with a market size of around USD 1243.06 million in 2023.

South America Adhesives Sealants Market

According to Cognitive Market Research, the global adhesives sealants market size was estimated at around USD 76121.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 3806.06 million in 2023 and will grow at a CAGR of 4.2% from 2023 to 2030 due to expanded construction and automotive sectors, infrastructure development, and a rising focus on manufacturing. The demand is fueled by the need for strong bonding solutions across diverse regional industries. According to Cognitive Market Research, the expanding paper & packaging sector drives the adhesives sealants market. Growing demand for efficient and sustainable bonding solutions supports the market's growth, meeting the needs of diverse regional industries. In conclusion, in Latin America, the adhesive sealants market is driven by robust industrial development, construction activities, and increasing demand for advanced adhesive solutions.

• According to Cognitive Market Research, the size of the Brazil adhesives sealants market was valued at USD 1628.99 million in 2023 and is projected to grow at a CAGR of 4.8% during the forecast period. This is mainly due to increased demand for sustainable and high-performance adhesive solutions.
• The Argentina adhesives sealants market had a market share of USD 639.42 million in 2023 and is projected to improve at a CAGR of 5.1% during the forecast period. This is due to the rising demand for packaging solutions.
• The Colombia adhesives sealants market is projected to improve at a CAGR of 4.0% during the forecast period, with a market size of USD 338.74 million in 2023.
• The Peru adhesives sealants market is anticipated to improve at a CAGR of 4.4% during the forecast period, with a market size of USD 312.10 million in 2023.
• The Chile adhesives sealants market is anticipated to improve at a CAGR of 4.5% during the forecast period, with a market size of USD 274.04 million in 2023.
• The Rest of Latin America adhesives sealants market is projected to grow at a CAGR of 3.3% during the forecast period with a market size of USD 612.78 million in 2023.

Middle East and Africa Adhesives Sealants Market

According to Cognitive Market Research, the global adhesives sealants market size was estimated at USD 76121.2 Million, out of which Middle East and Africa held the major market of more than 2% of the global revenue with market size of USD 1522.42 million in 2023 and will extend at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030 due to region’s infrastructure development, industrial growth, and increased demand in automotive and construction sectors, reflecting a surge in the region's economic activities and the need for durable bonding and sealing solutions. According to Cognitive Market Research, the growth of the market is boosted by the rising use of epoxy-based products. Epoxy adhesives deliver durability, high strength, and versatility, catering to the region's broad industries and construction projects. In conclusion, the MEA adhesive sealants are driven by industrial applications, infrastructure development, and an expanded need for packaging solutions.

• According to Cognitive Market Research, the GCC Countries' adhesives sealants market size was esteemed at USD 651.60 million in 2023 and is anticipated to improve at a CAGR of 5.3% during the forecast period. This is due to the growing demand for efficient bonding and sealing solutions.
• The South African adhesives sealants market had a market share of USD 240.54 million in 2023 and is predicted to extend at a CAGR of 5.5% over the predicted period. This is due to rapid industrialization and construction activities.
• The Egypt market is anticipated to improve at a CAGR of 4.8% during the forecast period, with an adhesives sealants market size of USD 159.85 million in 2023.
• The Turkish adhesives sealants market is projected to improve at a CAGR of 4.0% during the projected period, with a market size of USD 130.93 million in 2023.
• The Nigeria adhesives sealants market is anticipated to improve at a CAGR of 3.6% during the forecast period, with a market size of USD 159.85 million in 2023.
• The Rest of the MEA adhesives sealants market is valued at a CAGR of 3.5% over the predicted period, with a market size of USD 179.65 million in 2023.

Adhesives Sealants Market Analysis

Adhesives Sealants Product Segment Analysis

According to Cognitive Market Research, acrylic holds a prominent market stake due to its versatility and wide-ranging applications. Acrylic adhesives deliver strong bonding, durability, and resistance to numerous environmental factors, contributing to their popularity in the construction, automotive, and electronics industries.

Polyurethane is the fastest-growing category over the forecast period due to its exceptional bonding strength, flexibility, and durability. In industries like construction and automotive, the demand for Polyurethane-based adhesives and sealants is rising, providing superior performance in diverse applications and contributing to the market's expansion.

• Acrylic
• PVA
• Polyurethanes
• Styrenic Block
• Epoxy
• EVA
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Adhesives Sealants Industry. Request a Free Sample PDF!

Adhesives Sealants Application Segment Analysis

According to Cognitive Market Research, the paper & packaging market holds a prominent stake due to the rising need for efficient bonding and sealing solutions in packaging materials. These products enhance packaging integrity, prevent contamination, and support sustainability initiatives, contributing to the industry's demand for reliable adhesives and sealants in various packaging applications.

Automotive & transportation are the fastest-growing categories over the projected period due to the rising need for lightweight materials, improved fuel efficiency, and enhanced durability. These products offer strong bonding and corrosion resistance and contribute to the structural integrity of vehicles, meeting the evolving requirements and stringent standards in the automotive industry.

• Paper & Packaging
• Consumer & DIY
• Building & Construction
• Furniture & Woodworking
• Footwear & Leather
• Automotive & Transportation
• Medical
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Adhesives Sealants Technology Segment Analysis

According to Cognitive Market Research, reactive held a significant market stake over the prediction period as it offers enhanced bonding properties, durability, and versatility, catering to numerous industries such as automotive and electronics, where high-performance bonding solutions are essential for structural integrity and reliability.

Solvent-based is the fastest-growing category over the projected period due to its quick curing, strong bonding properties, versatility across substrates, and suitability for various applications, contributing to the growth and demand for solvent-based adhesives and sealants.

• Water-Based
• Solvent-Based
• Hot Melt
• Reactive
• Others

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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