Bonding Beyond Boundaries: The Worldwide Impact of Adhesives and Sealants

 

Overview

Adhesives and sealants are flexible substances employed in various sectors for a multitude of purposes. They are essential for bonding and sealing various materials such as plastics, metals, ceramics, and glass, and play a crucial role in numerous manufacturing processes. Global adhesives and sealants market is expected to grow from USD 79.36 Billion in 2023 to USD 122.10 Billion by 2033, at a CAGR of 4.40% during the forecast period 2021-2030. Innovations in adhesive and sealant technologies, including new formulas, top-quality additives, and ways of application, offer chances for companies to distinguish their products, enhance productivity, and cater to evolving customer demands in various sectors.

 

Competitive Landscape

Key players in the global market for adhesives and sealants include Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), Sika AG (Switzerland), Arkema (Bostik) (France), and 3M (US). Henkel has an extensive worldwide reach with a carefully organized and varied portfolio. The company's activities include making and distributing homecare, laundry, cosmetics, and adhesive products worldwide. The company functions in four main business segments: adhesive technologies, laundry & home care, beauty care, and corporate functions. Adhesive materials are specifically produced in the field of adhesive technologies. Henkel provides a wide range of applications designed to satisfy the needs of different customer groups, such as consumers, artisans, and industrial businesses. Henkel Adhesive Technologies is well-known around the world for being a top leader in adhesives, sealants, and functional coatings on a global scale. This all-encompassing solution package is grouped into five technology cluster brands: LOCTITE, BONDERITE, TECHNOMELT, TEROSON, and AQUENCE.

 

Adhesives Market Dynamics: Insights into Sector Growth and Government Initiatives in Asia Pacific

With a variety of uses in agriculture, FMCG, and automotive production, adhesives are becoming essential. Moreover, government programs like e-AMRIT focusing on the automotive industry support the increasing need for adhesives in various sectors, indicating a positive future for the market. In December 2022, The Indian Cellular and Electronics Association of India (ICEA of India) called on the government to expand the production-linked incentive (PLI) scheme to cover electronics components, adhesives, and subassemblies, with an initial budget of INR 5,000 crore, expecting export prospects of USD 100 billion in the relevant timeframe. Furthermore, Asia Pacific is anticipated to dominate the adhesives and sealants market share in the forecasted period. This is because of the increasing need in the building & construction, automotive, and packaging industries. Factors such as the increasing population and rising industrial spending drive the market in this region. The increasing population is boosting the need for vehicles, resulting in a high demand for products in the automotive sector. The growing construction projects in the Asia Pacific region are also boosting the need for products.

 

The report provides a summary of the global top trends and future prospects for the global adhesives and sealants market based on historical data sets (current trends, industry statistics, and emerging trends shaping the adhesives and sealants industry’s future, preliminary estimates from 2020-2021, 2022, and 2023), as well as projections for the global adhesives and sealants trends and future prospects for global regions in 2024 and 2025. This data-driven research offers users an industry-wide view of emerging technologies and innovative insights to help them make critical business decisions. 

 

Growth Factors and Emerging Trends in the Adhesives and Sealants Market

 

1. expansion of the building and construction sector.

In developing countries like China, India, Indonesia, Vietnam, Brazil, and Mexico, the residential construction industry is growing due to the population boom and rapid urbanization. Adhesives and sealants are becoming more and more necessary as a result of the increase in demand for permanent housing. Adhesives and sealants are used in a variety of construction-related applications, such as attaching curtain wall panels and insulating glass units, as well as in carpeting, tiling, wallpapering, and exterior insulation systems.  Global construction production is expected to rise by 85% to reach USD 15.5 trillion by 2030, according to Oxford Economics and Global Construction Perspectives. China, the US, and India will make major contributions to this overall development. The main cause of this expansion is these big economies' economic recovery.

 

1. The growth of electric vehicles propels the adhesive and sealant market.

The adhesives and sealant industry are seeing tremendous growth because to the exponential increase in demand for electric vehicles (EVs). Novel bonding techniques are essential for the complex assembly of electric vehicle (EV) components as automakers adopt ecologically friendly electric mobility options. An essential player in this transition, adhesives and sealants enable the lightweight construction of parts, provide high-voltage battery system sealing, and enhance the overall efficiency of electric cars.  With the introduction of EVs, specific engineering issues have arisen, particularly in the areas of high-voltage battery security and structural integrity maintenance. Adhesive solutions play a crucial role in addressing these problems because they offer the reliable, strong binding needed for the effective and secure manufacture of EVs.

 

Opportunities and Future Prospects in the Adhesives and Sealants Market

 

Investments in the Asia Pacific region's emerging markets.

Developing countries are investing significant funds in major infrastructure projects, leading to faster growth in emerging markets when compared to North America and Europe. Significant investments from top companies in these areas are driving this trend. Manufacturers of adhesives and sealants can expect significant growth opportunities in Asia Pacific, especially in China and India. Quickly growing cities, steady economies, and a booming construction industry are increasing the need for adhesives and sealants across several countries in the Asia Pacific region. The building of additional residential structures is currently in progress to meet the increasing number of people in major urban areas in Indonesia, Malaysia, Thailand, Vietnam, and other countries. Increased investments in construction are being fueled by the growing income and purchasing power in emerging markets in Asia Pacific, the Middle East & Africa, and South America. As a result, producers of adhesives and sealants can take advantage of the expanding markets in countries like China, India, Russia, and Brazil.

 

List of Key Companies in the Adhesives and Sealants Market

• 3M
• Arkema S.A.
• Henkel Corporation
• Ashland Inc.
• Avery Dennison
• BASF SE
• Evonik Industries
• H.B. Fuller Company
• PPG Industries
• RPM International Inc.
• Sika AG
• Wacker Chemie AG

 

Top 5 Key Players Profile in Adhesives and Sealants Market

 

1. 3M

 

Headquarters: St Paul, MN

3M Company is a US-based multinational corporation that operates in industry, worker safety, healthcare, and consumer goods. 3M Company, previously named the Minnesota Mining and Manufacturing Company, is truly a varied global business situated in the United States. It functions across different industries such as supplying adhesives, abrasives, and other industrial products; providing personal protective equipment for worker safety; distributing medical and dental products for healthcare; and manufacturing consumer goods like Scotch tape and Post-it Notes.

 

2. ARKEMA

 

Headquarters: Colombes Cedex

Arkema is recognized for using its knowledge in materials science to create new and sustainable materials. This strategy is essential for addressing the increasing need driven by factors like alternative energies, technological progress, sustainable resources, transportation options, and urban growth. Their dedication to sustainability and technological advancement in various industries is demonstrated by their efforts to create materials that meet these changing needs. Utilizing its specialized knowledge in materials science, Arkema develops materials to meet the increasing need for innovative and eco-friendly materials, driven by new energies, technologies, resource depletion, mobility, and urbanization trends.

 

3. BASF

 

Headquarters: Ludwigshafen

BASF, an international chemical firm with its main office in Germany, is actively engaged in manufacturing adhesives and sealants. Their products in this field serve a diverse array of sectors such as automotive, construction, packaging, and electronics. BASF's adhesive and sealant products are recognized for their strong performance, dependability, and sustainable characteristics. BASF offers adhesives and sealants in the automotive industry that help reduce weight, enhance vehicle longevity, and improve safety features. In the construction industry, their products are utilized for bonding and sealing purposes, providing strength and protection against weather conditions. BASF's adhesives are essential for maintaining the integrity and sustainability of packaging materials. Moreover, BASF highlights the importance of innovation in creating adhesives and sealants that align with strict environmental regulations and meet the needs of customers globally.

 

4. H.B. FULLER

 

Headquarters: Vadnais Heights, MN

H.B. Fuller is recognized as a leading international supplier of adhesives, sealants, and specialty chemical products, famous for its commitment to improving both products and lives with innovation. The company caters to multiple sectors such as packaging, hygiene, transportation, construction, and electronics, providing enhancements to product performance, efficiency, and sustainability. Their adhesives and sealants are customized to suit specific requirements in various uses, guaranteeing strong connections, long-lasting quality, and suitability with different surfaces. H.B. Fuller's dedication to research and development allows them to develop cutting-edge formulas that meet the changing needs of the market for efficiency, safety, and environmental sustainability.

 

5. Henkel Corporation

 

Headquarters: Düsseldorf, North Rhine-Westphalia

Henkel has a global presence with top innovations, brands, and technologies in two sectors: Adhesive Technologies and Consumer Brands. Established in 1876, Henkel has over 145 years of successful history. Thanks to strong brands, innovations, and technologies like Persil, Schwarzkopf, and Loctite, the company has dominant positions in industrial and consumer businesses with its two business units. Henkel, based in Düsseldorf, Germany, is one of the most globally oriented German companies in the global market.

 

Recent Developments

 

• In April 2024, Mapei launched Mapeflex MS 55, an innovative hybrid adhesive and sealant specifically made for regular upkeep. This adaptable product meets a wide range of needs, making it a good fit for professionals and amateurs alike.

 

• In July 2023, Sika revealed the purchase of a Peruvian family-owned company called "Chema". Chema is a respected name in the Peruvian mortar industry, offering various tile grouts, adhesives, and other top-notch products. The purchase enhances its distribution network in Peru and the expansion of Sika's Building Finishing product line.

 

• In May 2023, Henkel AG & Co. KGaA, a top name in adhesives, sealants, and functional coatings, has recently launched its Technology Center in Bridgewater, New Jersey, US. The site displays all of Henkel's technology products such as adhesives, sealants, coatings, and materials to collaborate with customers from 800+ industries for creative solutions.

 

• In March 2023, Arkema purchased Polytec PT, a company that specializes in adhesives for batteries and electronics. This acquisition would enhance Bostik’s product offerings for the rapidly growing batteries and electronics sectors, reinforcing Arkema's position. This acquisition is an additional part of the Group's plan to transition into a complete system provider and help customers create sustainable solutions for the battery and electronics sectors.

 

• In January 2023, H.B. Fuller introduced Swift melt 1515-I, its initial bio-compatible product that conforms to IMEA – India, Middle East, and Africa regulations. The item is designed for medical tape usage on the skin in specific weather conditions, like the hot temperatures and humidity found in the Indian subcontinent.

 

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

 

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

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