Adhesives And Sealants Market Highly Favorable to the Growth Rate By 2030


The global adhesives and sealants market size was estimated at USD 107.27 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2030.

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The global adhesives and sealants market size was estimated at USD 107.27 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2030. Rising investments in construction and infrastructure is projected to play a key role in the expansion of the global adhesive sealants industry. 

The positive outlook of infrastructure projects across Asia, the U.S., the Middle East, and Eastern Europe is likely to fuel the demand for adhesives and sealants over the coming years. With environmental regulations forcing industry participants to adopt eco-friendly products, water-based and non-solvent products are projected to gain greater prominence in the market in the near future.

Increasing infrastructure spending across residential and commercial sectors worldwide is propelling the installation of different types of flooring such as resilient and wooden, which, in turn, is fueling the consumption of adhesives and sealants. The rising need for residential space on account of the increasing population as well as the rising standard of living is leading toward the growth of the global industry. 

The adoption of adhesive products is substituting the usage of mechanical fasteners in industries such as automotive, aerospace, and packaging. The use of such products instead of conventional equipment offers a reduction in the final weight of the product, which has become a key focus area in the automotive and aerospace industries over the last half a decade. Most formulators in the packaging industry also rely on adhesives rather than heavy bolting techniques to minimize their freight charges. 

The major demand arises across multiple application scopes as buyers from diverse fields demand high-quality, sustainable, and eco-friendly products. The demand is high for adhesives sealants, which have lower levels of Volatile Organic Compounds (VOCs), give out fewer emissions, and provide aesthetic bonding solutions across numerous substrates, simultaneously meeting international and regional government regulations. Water-based products are considered environment-friendly since they contain zero VOCs. They also provide good long-term high temperature and moisture resistance.

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Adhesives Technology Insights

Reactive other technologies dominated the global market with a revenue share of 49.44% in 2023. Reactive technology-based products offer several advantages and thus are key factors behind the growth of the segment. These advantages include high manufacturing speeds owing to short setting time, higher heat resistance, and strong adhesion properties to a wide range of substrates. The hot-melt segment is anticipated to grow at a lucrative pace from 2024 to 2030. Within the textiles fabrics industry, the use of polyester hot melt adhesives started gaining prominence in the last decade. A wider use of this product has been observed in the cotton, wool, and fabrics sub-sector over the last few years.

The reason is that the product greatly improves the anti-pilling performance of cotton-woven fabrics while enhancing the elastic recovery rate of the fabric. The use of hot melt adhesive products in dashboards of automotive vehicles is increasingly becoming popular globally. These products find applications in the dashboard wherein they offer reduced vibrations coupled with greater insulation from the sound. The increased focus on offering soundproof rides is likely to push product penetration in the automotive industry during the forecast period.

Adhesives Product Insights

The acrylic product segment dominated the market with a revenue share of 33.80% in 2023. This segment is projected to grow on account of rising construction activities and investments in infrastructure space. Construction of chemical/industrial process plants, stadiums, bridges, museums, concert halls, research facilities, and medical buildings is projected to benefit the segment expansion. Polyurethane adhesive products exhibit superior properties, such as fast curing, good abrasion chemical resistance, and excellent bond strength, on various substrates, such as metal, plastic, rubber, wood, and glass.

These products are generally based on reactive technology and contain polymers that have urethane linkages. These materials provide solidity, low viscosity, and less cure time to adhesive. Epoxy-based products adhere to a wide variety of materials and their superior properties are dependent on the nature of cross-linking polymers. They provide high resistance to chemicals and environments and high-temperature resistance along with high-strength bonding on a variety of substrates. These adhesives are generally based on reactive technology.

Adhesives Application Insights

Paper packaging segment dominated the market with a revenue share of 29.38% in 2023. Flexible packaging is projected to offer new avenues for market players over the coming years. A sudden rise in healthcare spending positively affected the demand for packaging products as a result of increased demand for PPE kits, surgical masks, and other healthcare products. The building construction segment is projected to provide numerous opportunities in the industry. This segment is witnessing rapid technological architectural innovation.

Airports, mining facilities, transportation routes even residential projects are undergoing an immense transformation to comply with transitioning standards specifications. Demand for products in the assembly of electrical electronics components is projected to benefit the global market. China is among the leading producers of various electrical and electronic components globally. Investments in emerging technologies, such as 5G and IoT, are projected to boost the Chinese electrical electronics industry growth during the forecast period.

Sealants Product Insights

On the basis of the product, sealants have been segmented as: silicones, polyurethanes, acrylic, polyvinyl acetate, and others. Silicone sealants are highly preferred in consumer electronics. These sealants are used to create a protective barrier around sensitive electronic parts, such as circuit boards, connectors, and sensors. By sealing gaps, joints, and openings, silicon sealants prevent the ingress of moisture, dust, and other contaminants, safeguarding the electronic components from damage and ensuring their long-term reliability.

Sealants Application Insights

Construction sealants accounted for a share of 44.6% in the industry in 2023. Sealants used in construction are used for sealing joints, gaps, and connections in various building components, ensuring their longevity and structural integrity. Buildings are not static; they undergo movements due to factors like temperature changes and settling. Sealants with high flexibility can accommodate these movements without compromising their sealing properties.

Sealants play a crucial role in the automotive industry, providing a wide range of applications that contribute to the performance, durability, and safety of vehicles. These versatile substances are used in various areas of automotive manufacturing and maintenance, ensuring the integrity of the vehicle's structure and components.

Adhesives Sealants Regional Insights

Asia Pacific dominated the industry with a revenue share of 35.95% in 2023. The COVID-19 pandemic created a sizable impact on various industries, such as textile garments, construction, and automotive, in 2020 wherein export trade was also largely impacted. For instance, as per the government data, textile trade between China and India observed a Y-O-Y decline of 12.4% in the first 2 months of 2020 from the previous year. The market has shown a positive recovery since the third quarter of 2020 and gained momentum during 2021. GCC is one of the key growth engines for the Middle East Africa region. Growing construction activities in the GCC region are likely to fuel product demand. In the recent past, the housing sector in GCC countries has not performed well.

This was primarily on account of declining oil prices and economic slowdown. However, in the near future, the construction sector is expected to function well due to rising investments in energy, residential construction, and transportation infrastructure. Government initiatives for economic recovery are anticipated to fuel infrastructural developments in Central South America. The construction industry in economies such as Colombia, Argentina, and Peru are anticipated to witness steady growth during the projection period. This is expected to drive product demand in the region. For example, Peru's economic growth can be mainly attributed to an increase in construction and related activities in the country.

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