Adhesives Market Analysis

Adhesives and Sealants Market Analysis

Global water based adhesive market size exceeded USD 22 Billion in 2020 and is estimated to grow at over 5.5% CAGR between 2021 and 2027.

Rising disposable income along with increase in the number of construction projects has raised the furniture demand which should boost the adhesives and sealants market growth. In 2019, the adhesives market for furniture applications was estimated to be over USD 5.6 billion. Sustainable business practices should raise the demand for sustainable and eco-friendly adhesives owing to rising adoption of sustainable adhesives from manufacturers for furniture production.

Growing consumer awareness towards sustainable products and inclination for purchasing of sustainable products should drive the adhesives and sealants market share. Moreover, furniture industry is expected to rise in coming future pertaining to growing employee preference for flexible workspace and workspace designs which should drive the furniture market thereby stimulating adhesives market growth.

The water-based adhesive is preferred in porous and non-porous substrates for its application in construction and automotive industry. The water-based adhesives offer water resistance, high bond strength, resistance to corrosion and water. Water-based adhesive is eco-friendly as it contains no volatile organic compound (VOC), which is driving the adhesives and sealants market demand from industrial applications.

Water-based adhesive forms a bond between two substrates once the water in the formulation evaporates. The product is eco-friendly as it contains water rather than solvents pertaining to its increased demand for industrial applications for packaging and bottling. Water-based adhesives are generally premixed solution in powder form which are mixed with water for its application. The bond formed offers low temperature bond strength, high flexibility and is low cost. Plastic, rubber and metal adhesion can be achieved by the usage of the product owing to its application in automotive industry.

The type of adhesive used for footwear production depends on the materials used such as cotton, leather and recycled padding. Increase in the number of social media users and growing spending power of urban population should boost the footwear business growth. Increasing availability of variety of footwear which caters all the segment along with indoor and outdoor footwears for exercise, running and for working individuals is expected to stimulate the footwear business.

Rising internet penetration along with strategies used by social media influencers for creating consumer awareness for their product offerings is likely to drive footwear industry, which should accelerate adhesives market demand.

Global EVA adhesive market surpassed USD 2.3 Billion in 2020 and should register significant gains in the predicted period. The product is widely used as co-polymer adhesive in furniture and wood application as it offers strong bond to cellulosic materials. EVA adhesive is widely used as a versatile, durable and dependable material for its application in woodwork which should drive the product market.
 

EVA is used as a sealant in electrical, construction and woodwork applications. EVA is used to enhance the clinginess in adhesion between two wood substrates including cellulose boards, foams pertaining to its application in manufacturing doors, windows and furniture. Moreover, the product is non-toxic which should accelerate the adhesives and sealants market growth.
 

Packaging applications segment should surpass USD 1.7 Billion by 2027. Sealants offer high cohesive strength and resistance to water, rain and other weather conditions. The product features show wide application in food delivery and packaging services which should accelerate the sealant market growth.
 

Sealants provides resistance to UV, low temperature resistance for freeze packing and blocking resistance for liquid products owing to its wide application in food industry. The food industries have wide application of the product in manufacturing of liquid food products including tetra pack juices. Moreover, growing regulations for health and safety should accelerate the adhesives and sealants market revenue.
 

Asia-Pacific adhesives market should register over 6% gains by the end of 2027. India, China, Japan and other countries hold majority of the regional market share owing to large residential and commercial construction spending. Adhesives have wide application in floor fixing, fixing of roof tiles and roof systems. Furthermore, the product is used for surface application of wallpapers and wall coverings, which represents ample growth opportunities.
 

Rapid urbanization and demand for modern planned residentials in India has increased the number of building construction owing to the wide application of sealants. Sealants are used to prevent passage of dust, fluids and insects which is widely used in construction industry. The sealants are also used for firestopping in building constructions, thus boosting the adhesives and sealants market sales in the region.