Adhesives & Sealants: Revolutionizing Construction,
Manufacturing, and Transportation with High-Performance Solutions.
Meeting Rising Demand Across Automotive, Packaging, DIY, and
Healthcare Industries.
BOSTON, July 19,
2024 /PRNewswire/ -- "According to the latest BCC
Research study, the demand for "Global Markets for
Adhesives & Sealants or Joining and Fastening" is estimated
to increase from $63.7 billion in
2023 to reach $81.6 billion by 2029,
at a compound annual growth rate (CAGR) of 4.3% from 2024 through
2029."
The adhesive and sealants industry are critical to the global
economy, offering essential solutions across various sectors.
Adhesives bond two surfaces together, while sealants adhere to
surfaces and fill gaps to form protective barriers. Increasing
industrialization drives demand for these products, prompting
advancements in manufacturing and product development. Key sectors
benefiting from these innovations include transportation,
construction, healthcare, and consumer goods. Market analyses
project significant growth in adhesive and sealant applications,
segmented by technology and end-use types, with regions like
Asia-Pacific, Europe, North
America, and others playing pivotal roles in market
expansion from 2024 to 2029.
The following factors drive the global market for adhesives
& sealants or joining and fastening:
Expansion of Construction and Automotive Industries
Worldwide: The construction and automotive sectors are key
consumers of adhesives and sealants. In construction, adhesives
bond materials like glass, metal, and composites, and secure
flooring and insulation, while sealants fill gaps and provide
weatherproofing and insulation. Urbanization and infrastructure
development drive demand. In the automotive industry, adhesives
replace welding for structural bonding, enhancing lightweight
design and crash performance. Sealants prevent water ingress and
protect against corrosion. The rise of electric vehicles further
boosts demand for adhesives in battery assembly. The industry's
focus on sustainability and safety also drives growth.
Increasing Demand from Packaging, Furniture, Footwear, and
Appliance Industries: The packaging, furniture, footwear, and
appliance industries are increasingly using adhesives and sealants.
In packaging, adhesives are used for sealing, labeling, and
laminating, while sealants ensure leak-proof packaging. E-commerce
growth and sustainability concerns drive this demand. In furniture,
adhesives join materials and sealants protect surfaces.
Customization and eco-friendly trends boost usage. Footwear relies
on adhesives for assembly and sealants for waterproofing, driven by
fashion and performance needs. In appliances, adhesives secure
components, and sealants prevent leaks and enhance insulation,
influenced by energy efficiency and safety standards.
Request a Sample Copy of The global market for
adhesives & sealants or a joining and fastening
Report.
Report Synopsis
Report
Metrics
|
Details
|
Base year
considered
|
2023
|
Forecast Period
considered
|
2024-2029
|
Base year market
size
|
$63.7
Billion
|
Market Size
Forecast
|
$81.6
Billion
|
Growth rate
|
CAGR of 4.3% for the
forecast period of 2024-2029
|
Segment
Covered
|
Type,
End-Use
|
Regions
covered
|
North America, Europe,
Asia-Pacific, Rest of the World
|
Countries
covered
|
U.S., Canada, Mexico,
Germany, Italy, France, U.K., Spain, Japan, China, India, Thailand,
Singapore, Vietnam, Middle East, and Africa
|
Key Market
Drivers
|
• Expansion of
Construction and Automotive Industries Worldwide
• Increasing
Demand from Packaging, Furniture, Footwear, Appliance
Industries
|
Key Interesting Facts About the Global Market for adhesives
& sealants or joining and fastening:
Bio-based Adhesives:
- Made from starch, cellulose, and other sustainable
materials.
- Environmentally friendly and biodegradable.
- Open new opportunities in product manufacturing.
Healthcare Applications:
- Used in oral care for teeth and compounds.
- Light/UV curing adhesives provide strong, instant binding.
The global market for adhesives & sealants or joining and
fastening report includes in-depth data and analysis addressing the
following important queries:
- What is the projected market size and growth rate of the
market?
The estimated market size of the adhesives & sealants or
joining and fastening market will be $81.6
billion by 2029, with a CAGR of
4.3%.
- What are the key factors driving the growth of the market?
- Expansion of the construction and automotive industries
worldwide
- Increasing demand from packaging, furniture, footwear, and
appliance industries
- What segments are covered in the market?
The market is segmented based on type, end-user, and region.
Segmentation based on type, the market is segmented into adhesives
and sealants. The adhesives are further divided into segmentation
such as by technology, by chemicals, and by curing techniques. The
technique is further segmented into hot melt adhesives, reactive
adhesives, water-based adhesives, solvent-based adhesives, and
others. The chemicals are further segmented into acrylic, epoxy,
polyurethane, silicone, cyanoacrylate, and others. The curing
techniques are further segmented into physically hardening
adhesives, chemically curing adhesives, and pressure-sensitive
adhesives. The sealants are further divided into segmentations such
as by class and by chemicals. The technique is further segmented
into one-component, two-component, and sealant tape. The chemicals
are further segmented into silicone, polyurethane, acrylic, butyl,
and others. Based on end use, the market is divided into by type
end use adhesives and sealants. The adhesives end use is segmented
into packaging, transportation, building and construction,
woodworking, consumer/DIY, and others. The sealants end use is
segmented into transportation, building and construction,
consumer/DIY, and others. Regional estimates and forecasts comprise
North America, Europe, Asia-Pacific, and the Rest of the World
(RoW).
- By end-user, which segment will dominate the market by the end
of 2029?
The packaging segment in the adhesives market and building and
construction in sealants market will continue to dominate the
market by the end of 2029.
- Which region has the highest market share in the market?
Asia-Pacific holds the largest
market share due to the extensive presence of key players in this
region and the high demand for automotive and electronics
applications. Additionally, China
and the southeast Asian region have been among the largest utilizes
of the technology.
Some of the Key Market Players Are:
- 3M
- ARKEMA
- AVERY DENNISON CORP.
- BASF SE
- DOW
- H.B. FULLER CO.
- HENKEL AG & CO. KGAA
- HUNTSMAN INTERNATIONAL LLC
- SIKA AG
- WACKER CHEMIE AG
Directly Purchase a copy of the
report with BCC Research.
For further information or to make a purchase, please get in
touch with info@bccresearch.com.
About BCC Research
BCC Research provides objective, unbiased measurement and
assessment of market opportunities with detailed market research
reports. Our experienced industry analysts' goal is to help you
make informed business decisions, free of noise and hype.
Contact Us
Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA
Email: info@bccresearch.com,
Phone: +1 781-489-7301
For media inquiries, email press@bccresearch.com or visit our media
page for access to our market research library.
Data and analysis extracted from this press release must be
accompanied by a statement identifying BCC Research LLC as the
source and publisher.
Logo:
https://mma.prnewswire.com/media/2183242/BCC_Research_Logo.jpg
View original
content:https://www.prnewswire.com/news-releases/global-markets-for-adhesives--sealants-trends-and-forecasts-in-joining-and-fastening-industries-302201511.html
SOURCE BCC Research LLC