Press Release   -

Adhesives and Sealants Market to Reach Valuation of USD 87.9 Billion by 2028 – Increased Demand for Adhesives in the Medical Industry Drives the Market

In terms of revenue, the Global Adhesives and Sealants Market is expected to reach USD 87.9 Billion by 2028, growing at a CAGR (Compound Annual Growth Rate) of 5.7% from 2022 to 2028.

The major drivers for the market are increased demand for adhesives in the medical industry, increasing demand for Adhesives and Sealants Market from the building & construction industry, and growth in the appliances industry.

Key Highlights from Report:

● Among the Technology type, the Reactive & others segment is anticipated to dominate the Adhesives and Sealants Market during the forecast period. Products built on reactive technology have a number of benefits, which makes them the main drivers of the segment's expansion. These benefits include quick setup times, increased heat resistance, and strong adhesive qualities to a variety of substrates in the hot melt market. Thus, anticipated to drive market growth.

● The Adhesive segment accounted for the largest market share of the Product Type. This segment is expected to do well owing to rising construction activities and investments in infrastructure space.

● Asia Pacific held the largest Adhesives and Sealants Market share and is anticipated to be the most profitable market during the forecast period. This surge is because of increasing domestic demand, rising income levels, and easy access to resources.

Market Dynamics:

In developing nations like China, India, Indonesia, Vietnam, Brazil, and Mexico, the residential construction sector is being driven by urbanization and population growth. In these nations, there is a rising desire for permanent homes, which is, in turn, fueling the market for Adhesives and Sealants Market. Adhesives and Sealants Market are used in various construction-related applications, including carpet, tiling, wallpaper, and exterior insulation systems. Curtain wall panels and insulating glass modules are also secured in place using Adhesives and Sealants Market.

Adhesives and Sealants Market manufacturers are now required to produce eco-friendly products with no or low VOC levels due to the strict regulations set forth by the USEPA (the United States Environmental Protection Association), Europe's Registration, Evaluation, Authorisation, and Restrictions of Chemicals (REACH), Leadership in Energy and Environmental Design (LEED), and other regional regulatory authorities.

The trend toward greener products has given firms numerous prospects for expansion. For example, Henkel, a market leader in Adhesives and Sealants Market, provides products like H4500, H4710, H4720, and H3151 that are solvent-free and compliant with environmental laws. In addition, an opportunity for developing green and sustainable adhesive solutions produced from renewable, recycled, remanufactured, or biodegradable materials has arisen due to the rising demand for ecologically friendly or "green" structures.

Asia Pacific market is anticipated to observe considerable market growth, with the highest growth rate during the forecast period. The market is experiencing a spike in growth due to expanding domestic demand, rising income levels, and simple resource accessibility. One of the most significant users of Adhesives and Sealants Market in this area is the automobile and transportation sector. In addition, the demand for Adhesives and Sealants Market in the building and construction industry is anticipated to expand as a result of the economic growth in the Asia Pacific region, particularly in the rising economies such as India, Taiwan, Indonesia, Malaysia, Thailand, and Vietnam.

The Global Adhesives and Sealants Market is segmented as follows:

• Product Type
  • Adhesive
  • Sealant
• Applications
  • Paper Board & Packaging
  • Building & Construction
  • Woodworking & Joinery
  • Transportation
  • Footwear & Leather
  • Medical
  • Other Applications
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

A list of the Key Players of the Global Adhesives and Sealants Market is:

[object Object]

The Global Adhesives and Sealants Market Scope can be tabulated as below:

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.