Adhesives And Sealants Market Size Is Projected To Be Around $70 Billion By 2025
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A research study titled, “Adhesives and Sealants Market by Product, Application, Source Type, and Modality - Global Industry Analysis and Forecast To 2025” published by Crystal Market Research, states that the Adhesives and Sealants Market is projected to be around $70 billion by 2025.
Adhesives and sealants are binding substances that are used to apply to surfaces with the aim of attaching each other and averting separation. Adhesives can be utilized with various elements like glue, paste and cement. Similarly, sealants are substances that are utilized from blocking air or fluids through a passage and filling spaces or cavities and are known as a kind of mechanical seal. They are used to link two materials together to provide flexibility in products. Sealants are generally used to make a protective layer and avoid any air or fluid to pass through the opening which proves to be extremely useful for waterproofing. Adhesives and sealants have been efficiently useful in a number of function and industries since olden times. The application of adhesives offer numerous benefits in sewing, thermal bonding and mechanical fastening. However, the use of adhesives in high temperature is not beneficial as there is lack of stability resulting in separation if objects. Adhesives and sealants can be produced naturally as well as synthetically. In the olden ear, they were made up from tree saps, tar and natural latex, beeswax, plants etc., whereas, now they are made up of artificial and chemical-based elements. Sealants, on the other part are known be thick and slimy as they block moisture or air from passing through and providing a strong bond.
The increased application of adhesives and sealants in fields such automotive and construction has boosted the growth of the market substantially. Other factors that are influencing the growth of the adhesive and sealants market are rising production of automobiles and increasing requirement of packaging materials. With aim of decreasing the weight of vehicles that will lead to efficiency of fuel, the automotive industry is choosing sealants and adhesives over welding activities of the parts of the engine. Excellent growth in the infrastructure industry is anticipated to boost the growth of the adhesive and sealant market. Developed countries like Europe and United States are witnessing booming increase in population with plangent constructions is increasing the requirement of adhesives and sealants enhancing the growth of the market. Strict regulations imposed on the emission of volatile organic chemical are said to restrain the adhesives and sealants market as adhesives that are solvent-based such as resins, rubber and vinyl react with the nitrogen oxides that may be present in the atmosphere. The growing prominences of adhesives that are environment-friendly are creating an opportunity for the growth of the adhesive and sealant market.
On the basis of technology the adhesive and sealant market is segmented into hot-melts, solvent-based, water-based, reactive and others. On the grounds of application the market is segmented into furniture, automotive, construction, footwear, consumer, packaging and pressure sensitive applications. Geographically, the market is segmented into Asia Pacific, Latin America, North America, Middle East and Africa. Some of the prominent companies that operate in the adhesive and sealants market are HB Fuller, Illinois Tool Works Inc., Dow Chemical Co., Eastman Chemical, Sika AG, 3M Company, Ashland, HenkelAG & Company, N.D. Industries, RPM International Inc., BASF, Acucote, Uniseal, Creative Materials, Bayer, Franklin International, Avery Dennison and Bostik Ltd.
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Key Findings of Adhesive & Sealant Market
- Industries of paperboard and packaging along with building and construction accounted maximum of the demand of the adhesive and sealants market in the year of 2015.
- Silicone sealants are anticipated to lead the sealants market till 2022.
- The market of the hot melt adhesive is anticipated to grow with high CAGR of XX% during the period of forecast.
- Acrylic adhesives were the leading product in the overall market in 2013 with a substantial total volume of the market.