Global Adhesives and Sealants Market by Applications (Market Size, Forecast and CAGR) 2017-2022


Global Adhesives and Sealants Market-Segmented by Technology, End-User Industries, Type and Geography-Trends and Forecasts (2017-2022)


The global adhesives market was valued at USD 40,037.17 million in 2015 and is projected to reach USD 56,954.42 million by 2021, at a CAGR of 6.05%% during the forecast period, 2016 to 2021. The global sealants market was valued at USD 6,354.62 million in 2015 and is projected to reach USD 9,060.17 million by 2021, growing at a CAGR of 6.09%, during the forecast period 2016-2021.

Market Dynamics

The major raw materials of adhesives and sealants are petroleum-derived, whose prices are directly linked to the price of oil & gas; hence, the low crude oil prices are driving the market, currently. These factors are accelerating the demand from the automotive industry, increasing the demand from the packaging industry, and shifting focus towards composites. However, the market faces certain drawbacks, such as stringent environmental regulations regarding VOC emissions, and economic slowdown in Europe. These factors may act as a roadblock to the growth of the market.

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Market Segmentation

The global adhesives and sealants market has been segmented, by end-user industry which includes building & construction, packaging, wood-work & joinery, transportation, footwear & leather, healthcare, electronics, and certain other industries. The paper, board, and packaging segment accounted the highest share in the adhesives market in 2015, with a share of around 23%, while building and construction segment dominated the sealants market in 2015, with around 46% share.

The global adhesives market, by technology, is broadly segmented into water-borne adhesives, solvent-borne adhesives, reactive adhesives, hot melts adhesives, and others. The reactive adhesives segment is expected to witness the highest growth rate during the forecast period. The water-borne adhesives segment accounts for the highest share, accounting for over 47% of the global market. The sealants market has been further segmented by the product type into – silicone, polyurethane, acrylic, polyvinyl acetate, and others.

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The Following Chart Shows The Market Segmentation Of Adhesives Market, By Technology:-

The water-based adhesives have been further segmented by the product type into acrylic, polyvinyl acetate (PVA), ethylene vinyl acetate (EVA), latex, and others. The solvent-borne adhesives market has been further segmented into- styrene buta-styrene (SBS), chloroprene rubber (CR), polyacrylate, and others. Hot-melt adhesives market has been segmented into ethylene vinyl acetate, synthetic rubbers, and others.

The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. Asia-Pacific has the highest share in the market, by volume and revenue, accounting for about 40% of the global share regarding revenue. This region is expected to be the fastest-growing during the forecast period, owing to the presence of emerging and developing countries in the region.

Opportunities and Major Players        

The increasing adoption of adhesive bonding technologies, instead of conventional bonding technologies, availability of high-performance materials, and accelerating demand for electric vehicles across the world will offer numerous opportunities for the growth of the global adhesives and sealants market. Globally, there are more than 1,500 suppliers competing in the sector (500 in the United States), with the top 10 suppliers accounting for slightly less than 50% of the overall market.

Some of the major companies dominating this market for its products, services, and continuous product development, include:

  • Henkel AG & Co. KGaA
  • 3M
  • HB Fuller
  • Arkema Group(Bostik)
  • ITW (Illinois Tools Works)
  • Sika

Key Deliverables in the Study

  • Market analysis for the global adhesives and sealants market, with region specific assessments and competition analysis on a global and regional scale.
  • Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the global adhesives and sealants market on both global and regional scales.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.

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