Adhesives and Sealants Market

Based on Application:

Building & Construction category dominated the market in 2021

The Building & Construction category dominated the market in 2021. This market is expanding and consistently reporting significant revenue increases. As a result, there is a growing demand for building materials, which raises the demand for sealants and, in turn, propels market expansion. Sealants are used in a variety of places, including flooring, ceilings, glazing, walls, and windows; as a result, the market will rise as the building and construction sector develops. Rapid technological and architectural innovation is occurring in this area of the Adhesives and Sealants Market. Airports, transportation routes, mining operations, and even residential developments are going through significant changes to meet evolving norms and requirements. Furthermore, automotive & transportation, consumer, and other applications are among the other important ones. A rise in the need for lightweight, efficient, and environmentally friendly cars is predicted to drive rapid growth in the demand for Adhesives and Sealants in the automotive and transportation sector.

Based on Product Type:

Adhesives category dominated the market in 2021

The Adhesives segment dominated the market in 2021. Chemical compounds known as adhesives are used to unite two surfaces to create a single object. Adhesives are made from artificial materials and inventions and have related uses. Manufacturers are compelled to produce adhesive solutions made of biodegradable, recyclable, and renewable materials on a larger scale, which is assisting the growth of the adhesives sector. The demand for green buildings is rising, and eco-friendly adhesives are being developed in response to strict environmental regulations. Due to the extensive need for Adhesives and Sealants in the construction sector, adhesives are employed as an alternative to connecting materials. Due to the product's rising demand for industrial packaging and bottling applications, it is also environmentally friendly because it comprises water rather than solvents. Depending on the materials utilized, such as cotton, leather, and recycled padding, the type of glue used in the creation of footwear will vary. The growth of the footwear industry should be aided by a rise in social media usage and urban populations' rising purchasing power.

Based on Regional Analysis:

Asia Pacific had the Largest Share of the market in 2021

In 2021, the Asia Pacific had the largest share in the Adhesives and Sealants Market. This is attributed to a surge in demand for Adhesives and Sealants in several industries, including the automotive, electrical & electronics, packaging, building & construction, and others. Due to cheap labor rates, low startup costs for manufacturing facilities, and inexpensive prices for Adhesives and Sealants, Asia-Pacific is also a desirable market for producers worldwide. These factors increase the need for Adhesives and Sealants in this region. Under stringent environmental rules, manufacturers must concentrate on producing environmentally friendly adhesives. The automotive and transportation industries are among the main consumers of Adhesives and Sealants in this field. The region has historically led the way in infrastructure development, and the projected period is likely to see an increase in funding for building operations, driving the market. As a result, these market trends are anticipated to substantially impact the expansion of the Adhesives and Sealants Market in the region.

Recent Developments:

● In June 2021, Henkel created Loctite EA 9365FST, a structural adhesive for aircraft interiors that complies with REACH. A brand-new two-part epoxy adhesive called Loctite EA 9365FST is used to connect and strengthen thermoplastic and thermoset substrates. As a matrix resin, it can be applied to fiberglass to thicken the thin walls of thermoplastic components.

● In March 2021, Sika acquired the flooring adhesives division of DriTac. A company based in the US that specializes in gluing wood floors is called DriTac. The acquisition will enable Sika to increase its presence among distributors and installers of floor coverings and hasten its expansion in the U.S. interior finishing market.

● In January 2021, Gabriel Performance Products (Gabriel), a North American provider of specialized additives and epoxy curing agents for coatings, adhesives, sealants, and composite end-markets, was acquired by Huntsman Corporation from Audax Private Equity.

● In November 2020, in order to meet the industry's rising demand for natural-based hygiene products, H.B. Fuller introduced Full-Care 5885. By combining high-performance 100% cotton bonding with affordable use costs, this glue provides excellent value.

Competitive Landscape:

The key players in the Global Adhesives and Sealants Market include- Arkema S.A., BASF SE, Evonik Industries AG, H.B. Fuller, Henkel AG & Co. KGAA, Lord Corporation, Scott Bader Co., Sika AG, 3M Company, Uniseal Inc. and others.

Segmentation of the Global Adhesives and Sealants Market: