The global Adhesives and sealants market is forecast to reach USD 81.2 Billion by the year 2027 at a CAGR of 5.13%, and the market was valued at USD 55.7 Billion in 2019. The similar characteristics of Adhesives and sealants result in them serving similar end-user segments. The adhesive is a chemical mixture which is applied to join two surfaces together, a sealant is a semisolid material, which is used to prevent leakage. They are manufactured with similar technologies and chemicals. Adhesives show high tensile and shear strength, whereas sealants are used to fill gaps and resist the movement of substrates and show relatively low strength compared to adhesives but exhibit greater flexibility. Adhesives are used to bond dissimilar metals, and sealants are used as substitutes of synthetic substrate for traditional material.

Glass building construction requires the use of sealants in the panels, for a stable structure. The main challenge the industry faces are the volatile cost of the raw material used for the production of adhesive and sealant products. The market is mainly driven by the robust growth and demand in the packaging industry due to the enormous demand and rise of the food and package industry. The market can be hindered by stringent regulations regarding VOC emissions.

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Covid-19 Impact
Covid-19 has impacted every primary industry, including packaging, construction, and automobile. Transportation is a sharply hit sector, with the imposition of lockdown around the globe, the supply chain has been completely disrupted. Production and manufacturing are halted. This has had a very adverse impact on the Adhesives and sealants market. The construction industry has suffered grave loss as well, with the healthy norms of social distancing gatherings of groups in a large number of people have stopped; hence the construction utilization of adhesives has come to a standstill. Packaging demand has also suffered from the covid-19 scare; the online retail market has suffered. The requirement of hot melt adhesives and sealants market has increased as they are helping in the production of masks.

The top companies profiled in the report include 3M Company, Arkema, Dow Chemical Company, H.B. Fuller, Henkel, Bostik, RPM International Inc., Sika AG, Ashland Inc., BASF AG, among others.

Major factors driving revenue growth of the global materials & chemicals industry are rise in global population, tremendous increase in demand for essential consumer products such as food & beverages, cosmetics, and personal care & hygiene products, and extensive use of chemicals and raw materials in industries including buildings & construction, automotive, agriculture, textiles, packaging, electronics, and several other industries. Other major factors bolstering market revenue growth are increasing focus of manufacturers on using eco-friendly and sustainable materials & chemicals for reduced environmental impact, introduction of organic and highly sustainable chemicals, and increasing demand for high-performance agrochemicals and specialty chemicals.

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Global Adhesives and Sealants Market: Regional Segmentation

North America
U.S.
Canada
Mexico
Europe
Russia
U.K.
Germany
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa
Saudi Arabia
U.A.E.
Israel
Rest of Middle East & Africa
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Market Segmentation:

The global Adhesives and Sealants market is segmented in terms of product type, application, end-use, and region.

Adhesive Technology Outlook (Revenue, USD Billion ; Volume, Kilo Ton); 2017-2027)

Water-Based
Solvent-Based
Hot-Melt
Reactive
Others
Resin Type Outlook (Revenue, USD Billion ; Volume, Kilo Ton); 2017-2027)

Silicone
Acrylic
Polyvinyl Acetate
Polyurethane
Others
End Use Industry Outlook (Revenue, USD Billion ; Volume, Kilo Ton); 2017-2027)

Building and Construction
Paper, Board, and Packaging
Transportation
Woodworking and Joinery
Footwear and Leather
Healthcare
Electrical and Electronics
Other End-user Industries
Full Coverage of the Global Adhesives and Sealants Market Report:

The report offers in-depth study of the global Adhesives and Sealants market dynamics and offers crucial information on the leading product portfolios, application areas, distribution channels, and technological breakthroughs.
The report offers qualitative and quantitative studies of the global Adhesives and Sealants industry.
The report is inclusive of a detailed overview of the key regional markets of the global Adhesives and Sealants industry.
The report profiles the leading companies in the industry and highlights their financial positions, product offerings, recent developments, and business expansion plans and initiatives.
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