Adhesive and Sealant Market to Reach Nearly USD 52 Billion by 2024

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Your Catalyst To a Lucrative Business
Adhesive and Sealant Market Share, Market Size,
Analysis, Growth, Strategies, Trends and
Forecasts to 2024 Hexa Research
" Adhesive and Sealant Market to reach USD 52
billion by 2024 "
The global Adhesive and Sealant Market is
estimated to reach nearly USD 52 billion by 2024
(2016 to 2024 - forecast period). Adhesives are
substances which permanently join two surfaces or
materials. Sealants, on the other hand, are used
to bind the gaps between two materials. They
prevent liquid-seepage through openings. The
market had a demand of 11.7 million tons (in
terms of volumes) in 2015. Growth of automotives,
packaging, and construction industries is
anticipated to fuel these volumes till 2024.
Infrastructural developments and need for
reducing vehicular-weights are the primary market
drivers. Strict regulations encouraging bio-based
products can challenge market growth. Bio-based
adhesives are gaining prominence due to their low
manufacturing costs and eco-friendliness. The
adhesive and sealant industry is divided on the
basis of technologies, products, applications,
and regions. Solvent-based, water-based,
reactive others, and hot melt are the
technologies. Water-based led with over 40
shares in 2015. It exceeded USD 8 billion that
year. This segment is predicted to dominate over
the next eight years. The same can be credited to
its ability to lower VoC (volatile organic
content) emissions. Browse Details of Report
_at_ https//www.hexaresearch.com/research-report/adh
esives-and-sealants-industry
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Your Catalyst To a Lucrative Business Adhesive
products include acrylic, polyvinyl acetate
(PVA), polyurethanes, styrenic block, epoxy,
ethylene-vinyl acetate (EVA), and others.
Sealant products encompass polyurethanes,
silicones, acrylic, PVA, and others. Acrylic
adhesives generated almost USD 5 billion in 2015.
They are used to develop UV light curing and
waterborne heat resistant technologies. EVA
adhesives accounted for over 400 kilotons (KT) in
2015. They should regain their shares in the near
future. Silicone sealants reportedly surpassed
USD 2 billion in 2015. They will grow further due
to expanding automotives and construction
industries. Pressure sensitive, automotives,
footwear, furniture, construction, medical,
packaging, and others constitute the adhesive
applications. Pressure sensitive tapes,
assemblies, packaging, automotives, construction,
and others are the sealant applications. Pressur
e sensitive adhesive applications were valued
over USD 6 billion in 2015. They are expected to
generate over 4 KT by 2024, at 4.8 CAGR.
Packaging accounted for over 20 demand in 2015.
Automotive sealants generated more than 18
demand the same year. They can exhibit 5.4 CAGR
till 2024. Automotive adhesives would grow at
about 5 CAGR from 2016 to 2024. Their key
applications comprise carpeting, sealing doors
windows, and bonding decorative trims, side
moldings, vinyl roofs. North America,
Europe, Asia Pacific (APAC), Latin America
(LATAM), and Middle East Africa (MEA) are
geographies in the adhesive and sealant market.
APAC reigned over the global market in 2015,
earning above USD 11 billion. Increased budgets
for development projects in India, China,
Indonesia may boost regional demand. North
America captured over 20 shares with respect to
demand in 2015. It is expected to witness slow
growth in the forecast period. The demand for
silicone sealants in Europe exceeded 150 KT in
2015. It will expand significantly. LATAM is led
by Brazil and followed by Argentina
Mexico. Major players operating in the worldwide
adhesive and sealant market include the 3M
Company, The Dow Chemical Company, Henkel AG
Co. KGaA, and H. B. Fuller. Together, they hold
more than 45 of the industry. Browse Related
Category Market Reports _at_ https//www.hexaresearc
h.com/research-category/bulk-chemicals-industry
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• Your Catalyst To a Lucrative Business
• Table of Content of Adhesive and Sealant Market
• Methodology Scope
• Research Methodology
• Research Scope Assumptions
• List of Data Sources
• 2. Executive Summary
• 2.1 Industry Summary of Adhesive and Sealant
  Market
• Industry Outlook
• Adhesive and Sealant Market Segmentation
• Adhesive and Sealant Market Size and Growth
  Prospects
• Adhesive and Sealant Market Dynamics
• Key Opportunities Prioritized
• Industry Analysis - Porter's
• Market Share Analysis

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• Your Catalyst To a Lucrative Business
• 6.1.4 Strategic Initiatives
• The Dow Chemical Company
• Company Overview
• Financial Performance
• Product Benchmarking
• Strategic Initiatives
• Henkel AG Co. KGaA
• Company Overview
• Revenue Analysis
• Product Benchmarking
• Strategic Initiatives
• H. B. Fuller
• Company Overview
• Revenue Analysis
• Product Benchmarking
• Strategic Initiatives

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