According to the TMR study, the market for adhesives and sealants is expected to reach a value of USD 33.3 billion by 2030

  • The adhesives and sealants market is expected to grow at an average rate of 8% between 2020 and 2030
  • Increasing product demand from electric vehicle manufacturers is expected to fuel the growth prospects in the adhesives and sealants market
  • Presence of a significant number of product consumers in China helps Asia Pacific maintain an excellent market position

Wilmington, Del., September 23, 2022 /PRNewswire/ — The global adhesives and sealants market is forecast to reach $33.3 billion by the end of 2030, finds a review by Transparency Market Research (TMR). Also, TMR Outlook anticipates that the Adhesives & Sealants market is anticipated to grow at 8% during the forecast period, 2020-2030.

The market for adhesives and sealants in Asia Pacific is expected to expand at a remarkable pace during the forecast period. The growth of Asia Pacific Market is attributed to many factors including increasing product demand from various end-use industries from the region. Apart from this, China is expected to maintain its leading position in the regional market during the forecast period due to many factors including the presence of an advanced assembly base, easy availability of natural substances and the presence of a sizable consumer base in the country.

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Adhesives and sealants market: the most important results

  • Adhesives have become increasingly popular in recent years due to their different properties such as high shear and stiffness. Therefore, the use of adhesives for both holding and holding-related applications is increasing. In addition, sealants are used to fill holes and restrict the general growth of substrates. While these products have lower strength compared to adhesives, they gain traction because of their conformability, according to a TMR study of the global adhesives and sealants market.
  • Adhesives and sealants find applications in appliance manufacturing, electronics and electrical, battery manufacturing, aerospace manufacturing, and automotive assembly. During aircraft manufacture, adhesives and sealants are applied to the exterior, interior and engine compartments of aircraft. Increasing demand for various aerospace adhesives such as epoxies, cyanoacrylates and acrylics improves the growth prospects in the global adhesives and sealants market.
  • The market demand for adhesives and sealants is expected to increase in the coming years as they are increasingly used in electronic articles, machines and batteries. Apart from that, these products are used in electric vehicles. Therefore, increasing adoption of electric vehicles worldwide due to growing awareness of environmental concerns is expected to propel the business prospects in the global adhesives and sealants market in the near future.
  • Key players in the adhesives and sealants market are focused on expanding their businesses into newer geographies. Hence, they use different strategies including mergers, acquisitions and partnerships. Such initiatives should have a positive impact on the future of the adhesives and sealants market, say analysts at TMR. Apart from that, increasing R&D efforts by the players to improve the quality of their products are expected to contribute to the overall market growth, consider a TMR assessment that offers detailed insights into trends in the Adhesives & Sealants market.

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Adhesives and sealants market: growth booster

  • The increasing product consumption in the manufacturing of aircraft fuels the revenue growth in the market
  • Increasing demand for electric vehicles is expected to fuel demand growth in the adhesives and sealants market

Adhesives and Sealants Market: Major Players

Some of the key players featured in the report are:

  • RPM International Inc.
  • Illinois Tool Works Inc.
  • SikaAG
  • KGaA
  • dow inc
  • That 3M company
  • Henkel AG and Co.
  • Company HB Fuller
  • Avery Dennison Corporation
  • Ashland
  • KCC Corporation
  • Huntsman International LLC
  • Bostik SA

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Adhesives and Sealants Market Segmentation

adhesive type

  • acrylic
  • epoxy
  • Polyvinyl acetate (PVA)
  • polyurethane (PU)
  • styrene block
  • Ethyl Vinyl Acetate (EVA)
  • UV glue
  • silicone
  • Others (including cyanoacrylate and hot melt)

seal type

  • acrylic
  • epoxy
  • Polyvinyl acetate (PVA)
  • polyurethane (PU)
  • Modified Silane Polymer (MS)
  • silicone
  • Others (including cyanoacrylate and hot melt)

application

  • Electronics & Electrics
  • device manufacturing
  • Aerospace Manufacturing
  • battery production
  • automobile assembly
  • Others (including conformal coatings and wire tracing)

region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • middle East & Africa

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About transparency market research

Transparency Market Research, a global market research company, registered at Wilmington, Delaware, United States, provides custom research and consulting services. The company examines factors that shape the dynamics of demand in different markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, distribution channel and end use are analyzed which will drive the growth of the markets over the next decade.

Our exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for thousands of decision makers, enabled by experienced teams of analysts, researchers and consultants. The proprietary data sources and various tools and techniques we use always reflect the latest trends and information. With a broad research and analytical capacity, Transparency Market Research employs rigorous primary and secondary research techniques in all of its annual reports.

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