According to Fortune Business Insights, the global adhesives and sealants market Size is projected to reach USD 92.29 billion in 2029, at CAGR of 5.0% during forecast period 2022-2029, North America adhesives and sealants market growth will be pronounced with a notable trend for flexible packaging.
Pune, India, July 18, 2022 (GLOBE NEWSWIRE) -- The global adhesives and sealants market size stood at USD 62.63 billion in 2021. The market could surge from USD 65.38 billion in 2022 to USD 92.29 billion by 2029 at 5.0% CAGR during the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “Adhesives and Sealants Market, 2022-2029.”
According to an analysis, adhesives, and sealants, have become sought-after across the automotive, construction, and consumer sectors. Leading companies could invest in advanced technologies to boost their portfolios. To illustrate, in May 2020, Creative Materials, Inc. rolled out a new gold conductive ink adhesive, 128-24, that reportedly provides high effectiveness with less gold.
Dip in Construction Activities Challenged Stakeholders
The onslaught of the COVID-19 pandemic had a notable influence on the construction and automotive sectors. Some of the factors, such as shortage of raw materials and logistical constraints, did not augur well for leading companies gearing to boost their portfolios. A host of projects, including buildings, construction, and irrigation witnessed a temporary shutdown or cancellation of projects. However, adhesive products became sought-after across the healthcare and paper & packaging industries. The resumption of economic activities across emerging and advanced economies could provide impetus to industry growth.
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/adhesives-and-sealants-market-101715
Major Players Profiled in the Adhesives and Sealants Market Report:
H.B. Fuller Company (U.S.)
RPM International Inc. (U.S.)
Adhesives and Sealants Market Report Scope & Segmentation:
By Product Type, By Packaging, By Distribution Channel, By Region
Value (USD Billion), and Volume (Units)
Revenue in USD million/billion and CAGR from 2020 to 2027
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
3M, Arkema S.A., Ashland Inc., Avery Dennison, BASF SE, H.B. Fuller Company, Huntsman Corporation, PPG Industries, RPM International Inc., Sika AG
Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Avail customized purchase options to meet your exact research needs.
Water-based Adhesives to Gain Ground with Soaring Demand from Packaging
With respect to adhesive technology, the market is segmented into solvent-based, water-based, reactive, hot-melt, and others. The water-based adhesives segment could account for a considerable share of the global market due to the rising demand from the paper, packaging, and plastics sectors.
Silicone Sealant to Remain Dominant Due to Water Resistance & Flexibility Properties
In terms of sealant resin, the market is segregated into polyurethane, silicone, polysulfide, emulsion, and others. The silicone segment could account for the largest share of the global market on the back of tremendous water resistance properties. Moreover, the rising demand from the construction sector will encourage investments globally.
Paper & Packaging to be Sought-after Due to Surging Demand for Packaged Food
On the basis of the adhesive end-use industry, the market is classified into woodworking, building & construction, paper & packaging, consumer/DIY, leather & footwear, automotive & transportation, and others. The paper & packaging segment could garner the largest share on the back of soaring demand for packaged food.
Building & Construction to Gain Impetus with Expanding Applications in Ceiling and Flooring
With regards to sealant end-use industry, the market is divided into automotive & transportation, building & construction, consumer, and others. The building & construction segment will grow with rising applications in ceiling and flooring.
https://www.fortunebusinessinsights.com/enquiry/queries/adhesives-and-sealants-market-101715
The report offers a comprehensive perspective of the market size, share, revenue, and volume. It has deep-dived into SWOT analysis. Quantitative and qualitative assessments have provided a holistic view of the market. The primary interviews validate assumptions, findings, and the prevailing business scenarios. The report also includes secondary resources such as annual reports, press releases, white papers, and journals.
Burgeoning Urbanization and Rising R&D Activities to Drive Innovations
The adhesives and sealants market share will be pronounced during the forecast period, largely due to exponential growth in population and urbanization. Asia Pacific could provide promising growth opportunities following the expansion of R&D activities and localized production. Besides, the U.S. market could gain traction from the growth of housing sectors, urbanization, and robust policies. Prominently, the trend for electronic devices, including smartphones, electronic components, and laptops will augur well for the business outlook. Meanwhile, use of an increased amount of chemicals in the adhesives and sealants production could impede the industry growth.
Asia Pacific to Gain Ground with Bullish Investments in Automotive Sector
Stakeholders expect the Asia Pacific market growth to be strong on the back of rising demand from packaging, building & construction, and automotive industries. Burgeoning population had a notable influence on the demand for automobiles, auguring well for the regional growth. Besides, presence of leading companies, such as Sika Ltd. and 3M Japan Limited, will solidify the position of Asia Pacific in the global landscape.
North America adhesives and sealants market growth will be pronounced with a notable trend for flexible packaging. Moreover, a notable shift toward recyclable products across the U.S. and Canada will bode well for major companies gearing to propel their regional footprint.
Stakeholders expect Europe to witness investment galore due to the presence of leading companies across the region. Some of the major players in the adhesive market, including Wacker Chemie AG, Arkema, and Henkel could lead from the front in the regional market. Besides, soaring demand for green adhesives will also augur well for the regional outlook.
Stakeholders Prioritize Strategic Approaches to Boost Penetration
Prominent players could inject funds into mergers & acquisitions, product rollouts, technological advancements, and R&D activities. Besides, major companies could invest in innovations and product offerings in the ensuing period.
February 2022: Arkema finalized the acquisition of Ashland’s Performance Adhesives business to boost the adhesive solution portfolio.
Get Your Customization Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/adhesives-and-sealants-market-101715
Hot Melt Adhesives Market Size, Share & COVID-19 Impact Analysis, By Raw Material (Ethylene Vinyl Acetate (EVA), Polyolefin, Styrenic Block Copolymers (SBC), Polyurethane (PU), Polyester, and Others), By Application (Packaging, Assembly, Woodworking, Transportation, Building & Construction, Footwear & Leather, Nonwovens, Bookbinding, and Others), and Regional Forecast, 2022-2029
Adhesive Tape Market Size, Share & Industry Analysis, By Type (Pressure-Sensitive, Water-Activated, Heat-Sensitive, Others), By Adhesion Technology (Solvent-Based, Water-Based, Hot-Melt Based, Others), By Resin (Acrylic, Rubber, Silicone), By Base Material (Paper, Polypropylene (PP), Polyvinyl Chloride (PVC), Others), By End-Use Industry (Automotive & Transportation, Electrical & Electronics, Paper & Packaging) and Regional Forecast, 2022-2029
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights™ Pvt. Ltd.
Email: sales@fortunebusinessinsights.com
Connect us via Social Media Channels:
LinkedIn Facebook Twitter
Airline ticket prices have soared. It is in this context that Elon Musk, CEO of Tesla has just made observations that will cheer almost everyone: consumers, Tesla customers, investors and politicians. In a series of tweets posted on July 28, Musk announced that the prices of the raw materials Tesla needs to make its cars are falling.
Diversification isn't necessary if you know what you're doing, according to the Oracle of Omaha.
Slaying the inflation dragon isn't done with baby steps. Expect much higher interest rates as a headwind for equities.
Yahoo Finance's Akiko Fujita discusses why Roku stock is down Friday.
In this article, we discuss the 7 stocks that Cathie Wood dumped in July. If you want to see more stocks that she disposed of during this month, click Cathie Wood Dumped These 3 Stocks in July. In June, Cathie Wood’s ARK Investment Management suffered a sharp decline in assets, which was decidedly higher than […]
The company's future is in doubt after losing a key patent litigation
British American Tobacco p.l.c.'s ( LON:BATS ) investors are due to receive a payment of £0.5445 per share on 10th of...
When Elon Musk decided to terminate his $44 billion deal to purchase Twitter the social-media company sued in the Delaware Court of Chancery. Twitter is suing for “specific performance,” a rare remedy that would require Musk to complete the merger. Unfortunately for Twitter, it isn’t Elon Musk Inc. but Elon Musk the individual who offered to buy the company.
Here’s a good bit of news for retirees in 2022: you can keep more money in your tax-deferred retirement accounts.
Yahoo Finance Live anchors break down second-quarter earnings for Procter & Gamble.
SIGA Technologies, maker of the only available monkeypox treatment, is working to ramp up manufacturing for broader global distribution.
AbbVie (ABBV) delivered earnings and revenue surprises of 1.81% and 0.48%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
(Bloomberg) -- Alibaba Group Holding Ltd. has moved a step closer toward getting booted off US stock exchanges for American inspectors not being able to access to financial audits.Most Read from BloombergThe Crypto Collapse Has Flooded the Market With Rolex and PatekAlito Decries 'Hostility to Religion' in First Public Remarks Since Abortion Decision Rockstar Games Cleaned Up Its Frat-Boy Culture — and Grand Theft Auto, TooBiden, Xi Plan In-Person Meet as Taiwan Tensions IntensifyEuro-Zone Infla
(Bloomberg) -- With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and making rounds of layoffs.Most Read from BloombergThe Crypto Collapse Has Flooded the Market With Rolex and PatekAlito Decries 'Hostility to Religion' in First Public Remarks Since Abortion Decision Rockstar Games Cleaned Up Its Frat-Boy Culture — and Gran
Washington Democrats may have found an unlikely ally in their bid to end a long time tax rule enjoyed by some of Wall Street’s richest executives: hedge fund billionaire Bill Ackman.
We wrote a story on Intel on June 8 with a headline of " Intel is Putting Its Negative News Behind It," and concluded that, "I learned early in my career to pay attention when a stock or commodity did not go lower on bearish news -- this was a sign that the news was already discounted. This is how I view the price action on INTC today. Traders could wait a couple of days but I do not expect INTC to make a new low close for the move down.
Annaly (NLY) registers a year-over-year decline in BVPS, while a higher average yield on interest-earning assets likely drives NII growth in Q2.
Devon Energy's (DVN) second-quarter earnings are likely to have benefited from strong production, cost management and lower volumes of shares outstanding.
After dropping for the first 5 ½ months of the year, the S&P 500 has rebounded 8.5% since June 15 and 4.7% since July 26, the day before the Federal Reserve raised interest rates. Investors have turned enthusiastic toward stocks partly because Fed Chairman Jerome Powell said after the rate hike that the central bank will eventually slow its rate hike campaign. Never mind that the Fed said in its statement announcing the rate increase that it "anticipates that ongoing increases in the target range [for the federal funds rate] will be appropriate."
The company is making progress on its solid-state battery technology, but the timeline has been pushed back.