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Adhesives Market Size

Report ID: GMI372
Published Date: Feb 2021
Report Format: PDF

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Adhesives and Sealants Market Size

Global adhesives and sealants market size exceeded USD 43.7 billion and USD 10.3 billion in 2020 and is estimated to grow at 5.3% CAGR and 5.7% CAGR between 2021 and 2027. Rising demand for acrylic and epoxy from the construction and automotive industries should drive the industry growth during the forecast period.

Global adhesives and sealants market is expected to rise pertaining to increasing demand from construction industry. The adhesives are used as an alternative to joining materials and sealants are used as mechanical seal for blocking fluid passage owing to wide demand for adhesives and sealants from construction industry. The industry is rising globally pertaining to construction of hospitals and quarantine centres due to coronavirus outbreak.

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Rising urbanization in developing countries and growing population should drive construction industry. North American region is facing stringent regulations for use of eco-friendly products for construction applications which should accelerate the adhesives and sealants market growth. Growing consumer awareness about green construction and eco-friendly buildings is raising the demand for development of sustainable products.

Adhesives and Sealants Market Report Attributes
Report Attribute	Details
Base Year:	2020
Adhesives and Sealants Market Size in 2020:	Adhesives : USD 43,752.3 Million, Sealants: USD 10,374.7 Million
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	Adhesives : 5.3, Sealants: 5.7%
2027 Value Projection:	Adhesives : USD 64,710.1 Million, Sealants: USD 15,072.3 Million
Historical Data for:	2016 to 2020
No. of Pages:	350
Tables, Charts & Figures:	424
Segments covered:	Technology, Product, Application
Growth Drivers:	North America: Rapid growth of the furniture industry may foster market growth Europe: Growth in residential & non-residential infrastructure Strong growth of automotive sector is anticipated to fuel product demand by 2027 Asia Pacific: Rapidly booming packaging industry may augment market growth Growing demand for consumer durables may augment growth of the sealants market
Pitfalls & Challenges:	Stringent environmental regulations in Europe and North America

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Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global share of adhesives industry had reached USD 43.7 billion during 2020 and is anticipated to register about 5.3% CAGR over 2021-2027.

The industry share from packaging applications is projected to exceed USD 1.7 billion by 2027 owing to high cohesive strength, water resistance and other benefits offered by the sealants.

The size of global water based adhesive industry was over USD 22 billion during 2020 and will hit 5.5% CAGR up to 2027 with increasing consumption of eco-friendly products.

The market for EVA adhesives hit USD 2.3 billion in valuation in 2020 and the share will expand with high demand for co-polymer adhesive in furniture & wood applications.

It is estimated that APAC adhesives industry size will expand at more than 6% CAGR through 2027 with China, India and Japan being some of the key regional markets due to high construction spending.