Press release

Adhesives and Sealants Market Insights, Segment Analysis, Growth, Development and Demand Forecast to 2030

Adhesives and Sealants Market Insights, Segment Analysis, Growth, Development and Demand Forecast to 2030

 

 
The adhesives and sealants industry are projected to generate $66,49.9 million revenue in 2021, advancing at a rate of 4.9% from 2021 to 2030, to generate $102,604.3 million revenue in 2030. It is ascribed to the rising product application in the automotive and construction sector. Moreover, the rising materials demand from the packaging industry, with increasing vehicle safety standards and regulations boosts the industry.

The bio-based adhesives and sealants are projected to create lucrative opportunities for industry players. Companies are focusing on developing bio-based products for replacing chemical-based products. In addition, companies are adopting advanced technologies for bio-based products to develop sustainability efforts without impacting performance.

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The major trend in the adhesives and sealants industry is the worldwide rising traction of electric vehicles. The low usage of adhesives and sealants in electric vehicles is ascribed to the lesser automotive engine-related assemblies.

The Healthcare industry utilizes three types of standard adhesives, such as dissolvable, pressure-sensitive, and electrically conductive adhesives. For instance, pressure-sensitive adhesives are used in medical tapes.

The rising usage of adhesives in various medical applications, such as advanced wound care dressings, dental, skincare, incise and surgical drapes, prostheses, otology, and diabetes care devices is a major driver for the expansion of the industry.

The silicone category captures the largest industry share, accounting for more than 40%. It is ascribed to the chemical properties of silicone adhesives and sealants for withstanding high and low temperatures, high durability, insulating qualities, water repulsion, high thermal stability, and low chemical reactivity.

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The major players operating in the industry are Henkel AG & Co. KGaA, Sika AG, 3M Company, Arkema Group, Avery Dennison Corporation, PPG Industries Inc., and Sika AG.

Therefore, the worldwide rising adoption of the EVs boosts the demand for adhesives and sealants.

Browse more reports:

Automotive Adhesives and Sealants Industry - https://www.psmarketresearch.com/press-release/global-automotive-adhesive-and-sealant-market

Packaging Adhesives Industry - https://www.psmarketresearch.com/press-release/packaging-adhesives-market

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About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.


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