by 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%.
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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.
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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
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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.
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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.
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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.
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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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