Adhesives & Sealants Market, Size, Global Forecast Report 2024-2029, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis
Adhesives & sealants market size was USD 76.1 billion in 2024 and is projected to reach USD 86.6 billion by 2029, at a CAGR of 2.6% between 2024 and 2029
(EMAILWIRE.COM, May 02, 2024 ) The report "Adhesives & Sealants Market By Adhesive Technology (Water-based, Solvent-based, Hot-melt, Reactive), Sealant Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide, Butyl), Application, & Region – Global Forecast to 2029" The global adhesives & sealants market size was USD 76.1 billion in 2024 and is projected to reach USD 86.6 billion by 2029, at a CAGR of 2.6% between 2024 and 2029.
Browse in-depth TOC on "Adhesives & Sealants Market”
350 - Market Data Tables
60 - Figures
300 - Pages
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=421
Water-based by technology accounted for a largest share of the overall adhesives & sealants market, in terms of value, in 2023. The growth of the water-based segment in the adhesives market is propelled by rising demand in North America's building and construction sector, as well as in new infrastructure endeavors in India, Taiwan, and other emerging nations worldwide. These adhesives offer superior adhesion across various substrates and find extensive application in packaging, including bookbinding, paper bags, cartons, labels, foils, films, paperboard decals, wood assembly, automobile upholstery, and leather binding.
Paper & packaging by adhesive application accounted for a largest share of the overall adhesives market, in terms of value, in 2023. The packaging industry is witnessing substantial expansion on a global scale, with much of this growth emanating from developing markets where urbanization is reshaping consumer habits and driving up demand for packaged goods.
The surge in e-commerce activity further accelerates this trend. Economic progress and demographic transformations are key drivers behind the momentum in the packaging sector. Anticipated rises in income levels are expected to translate into increased consumer expenditure on packaged products. Additionally, there is a notable uptick in demand for pharmaceutical items, particularly in developed markets such as Japan, driven by the increasing life expectancy of the population..
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Silicone segment by sealant resin type is estimated to account a largest share in 2023 in terms of value. Silicone dominates the sealants market globally, with polyurethane following closely behind. Silicone-modified polyether sealants, initially produced in Japan, have now expanded their presence into larger markets in North America and Europe. The utilization of silicone sealants in various automobile bonding applications, including sealing joints, gaps, and cracks, creating low-temperature gaskets, and replacing windscreens, as well as bonding headlamps, fog lamps, tail lamps, lamp covers, caps, and bulb mounting sockets, is propelling the growth of this segment.
Adhesives & Sealants Market Key Players
The key players following the strategies between 2020 to 2023, Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), Sika AG (Switzerland), Arkema (Bostik) (France), and 3M (US). The companies are majorly following product development, investment & expansion, and innovation as the strategy to grow and expand the market.
Don't miss out on business opportunities in Adhesives & Sealants Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=421
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Browse in-depth TOC on "Adhesives & Sealants Market”
350 - Market Data Tables
60 - Figures
300 - Pages
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=421
Water-based by technology accounted for a largest share of the overall adhesives & sealants market, in terms of value, in 2023. The growth of the water-based segment in the adhesives market is propelled by rising demand in North America's building and construction sector, as well as in new infrastructure endeavors in India, Taiwan, and other emerging nations worldwide. These adhesives offer superior adhesion across various substrates and find extensive application in packaging, including bookbinding, paper bags, cartons, labels, foils, films, paperboard decals, wood assembly, automobile upholstery, and leather binding.
Paper & packaging by adhesive application accounted for a largest share of the overall adhesives market, in terms of value, in 2023. The packaging industry is witnessing substantial expansion on a global scale, with much of this growth emanating from developing markets where urbanization is reshaping consumer habits and driving up demand for packaged goods.
The surge in e-commerce activity further accelerates this trend. Economic progress and demographic transformations are key drivers behind the momentum in the packaging sector. Anticipated rises in income levels are expected to translate into increased consumer expenditure on packaged products. Additionally, there is a notable uptick in demand for pharmaceutical items, particularly in developed markets such as Japan, driven by the increasing life expectancy of the population..
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=421
Silicone segment by sealant resin type is estimated to account a largest share in 2023 in terms of value. Silicone dominates the sealants market globally, with polyurethane following closely behind. Silicone-modified polyether sealants, initially produced in Japan, have now expanded their presence into larger markets in North America and Europe. The utilization of silicone sealants in various automobile bonding applications, including sealing joints, gaps, and cracks, creating low-temperature gaskets, and replacing windscreens, as well as bonding headlamps, fog lamps, tail lamps, lamp covers, caps, and bulb mounting sockets, is propelling the growth of this segment.
Adhesives & Sealants Market Key Players
The key players following the strategies between 2020 to 2023, Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), Sika AG (Switzerland), Arkema (Bostik) (France), and 3M (US). The companies are majorly following product development, investment & expansion, and innovation as the strategy to grow and expand the market.
Don't miss out on business opportunities in Adhesives & Sealants Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=421
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results