Adhesives and Sealants Market Size to Surge USD 126.50 Bn by 2034

The adhesives and sealants market size accounted for USD 72.33 billion in 2024 and it is predicted to surge around USD 126.50 billion by 2034, at a CAGR of 5.7%.

Adhesives and Sealants Market Size 2024 to 2034

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Adhesives and Sealants Market Key Points

  • With a 38% revenue share, Asia Pacific was the market leader in 2023.
  • Reactive & others technology represented 48.4% of the market share.
  • The silicones product segment contributed 31.5% of revenue.
  • The paper & packaging application accounted for 30% of total market earnings.

AI’s Role in Advancing Adhesives and Sealants Technology

AI is playing a crucial role in revolutionizing the adhesives and sealants industry by accelerating research and development, reducing production costs, and improving customization. By analyzing vast datasets, AI helps manufacturers create high-performance adhesives tailored for specific applications.

AI-driven automation in manufacturing enhances precision, leading to consistent quality and reduced material waste. These advancements drive market growth and innovation.

Adhesives and Sealants Market: Market Dynamics and Future Insights

Market Dynamics

  • Growing Demand Across Industries: The adhesives and sealants market is witnessing significant growth due to rising demand from industries such as construction, automotive, packaging, electronics, and healthcare. The increasing use of lightweight and high-performance bonding solutions is driving market expansion.
  • Technological Advancements: Innovations in adhesive formulations, such as bio-based and smart adhesives, are enhancing performance, durability, and environmental sustainability. AI and automation are optimizing manufacturing processes and product development.
  • Stringent Environmental Regulations: Governments worldwide are imposing regulations to reduce VOC emissions, pushing manufacturers to develop eco-friendly, water-based, and solvent-free adhesives and sealants.
  • Supply Chain Challenges: Fluctuations in raw material prices and supply chain disruptions impact market stability. Companies are adopting alternative sourcing strategies and sustainable raw materials to mitigate risks.

Future Insights

  • Sustainability and Green Adhesives: The future of the market lies in the development of bio-based and biodegradable adhesives, driven by increasing environmental concerns and regulatory requirements.
  • AI and Smart Adhesives: AI-powered research will lead to the creation of self-healing, temperature-responsive, and high-strength adhesives, improving efficiency and durability in industrial applications.
  • Expansion in Emerging Markets: Rapid industrialization in Asia-Pacific, Latin America, and the Middle East is expected to fuel demand for adhesives and sealants, creating new growth opportunities.
  • 3D Printing Integration: The rise of 3D printing technology will boost the demand for advanced adhesives tailored for additive manufacturing applications.
  • Customization and Performance Enhancements: Future innovations will focus on developing high-performance adhesives with improved bonding strength, flexibility, and resistance to extreme conditions, catering to specialized industry needs.

Also Read: https://www.reportsgazette.com/data-center-cooling-market/

Adhesives and Sealants Market Market Scope

Report Highlights Details
Market Size in 2023 USD 68.37 Billion
Market Size in 2024 USD 72.33 Billion
Market Size by 2034 USD 120.15 Billion
Growth Rate from 2024 to 2034 CAGR of 5.7%
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2023
Forecast Period 2024 to 2034
Segments Covered By Product, and By Application

Adhesives and Sealants Market Companies

  • B. Fuller Company
  • 3M Company
  • Avery Dennison Corporation
  • Dow Chemical Company
  • Bostik SA
  • BASF AG
  • Uniseal Inc
  • ND Industries Inc.
  • Beardow & Adams Adhesives Inc.
  • Ashland Inc.
  • Momentive Specialty Chemicals Inc.
  • Eastman Chemical Company
  • Sika AG

Recent Developments in the Adhesives and Sealants Market

  • Evonik’s Strategic Restructuring: In October 2024, Evonik announced plans to streamline its adhesives and healthcare units to focus on core assets. This restructuring involves divesting certain operations, including its polyester business and a production line for keto acids in Hanau, affecting approximately 260 employees. The initiative aims to enhance efficiency and concentrate on high-growth areas within the company’s portfolio.

  • Pidilite Industries’ Financial Performance: India’s Pidilite Industries reported an 18.8% increase in consolidated net profit for the second quarter of 2024, reaching approximately $63.7 million. This growth is attributed to a modest rise in input costs, notably an 11% decrease in the price of vinyl acetate monomer, a key raw material for adhesives. The company’s revenue rose by 5.2%, with significant contributions from both consumer and business segments.

  • Henkel’s Expansion of Adhesive Technologies: In May 2024, Henkel inaugurated a 70,000-square-foot Adhesive Technologies Technology Center in Bridgewater, New Jersey, USA. This facility is dedicated to developing sustainable adhesive solutions, underscoring Henkel’s commitment to innovation and sustainability in the adhesives sector.

  • APPLIED Adhesives’ Acquisition: In 2021, APPLIED Adhesives, a U.S.-based manufacturer and distributor of adhesives, acquired American Chemical, a regional adhesive supplier. This strategic move aims to strengthen APPLIED Adhesives’ market presence and enhance technical support capabilities in the region.

Segments Covered in the Report

By Adhesives Product

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

By Adhesives Technology

  • Solvent based
  • Water based
  • Hot melt
  • Reactive & Other

By Adhesives Application

  • Packaging
  • Pressure Sensitive Applications
  • Furniture
  • Construction
  • Footwear
  • Automotive
  • Others

By Sealants Product

  • Polyurethane [PU]
  • Silicone
  • Acrylic
  • Polyvinyl Acetate [PVA]
  • Others

By Sealants Application

  • Automotive
  • Construction
  • Assembly
  • Packaging
  • Consumers
  • Pressure Sensitive Tapes
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

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