Press release
Adhesives and Sealants Market Size Soaring to New Heights Ahead
The adhesives and sealants market is witnessing significant growth, driven by technological advancements, increased R&D activities, and rising demand for electrical and electronic devices. Additionally, growing government investment in the building and construction sector is further fueling market expansion.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/1404
Market Overview & Forecast
According to a report by Allied Market Research, the global adhesives and sealants market was valued at $51.9 billion in 2020 and is projected to reach $85.0 billion by 2030, growing at a CAGR of 5.1% from 2021 to 2030. The report offers a comprehensive analysis of investment opportunities, key growth strategies, market trends, and competitive dynamics.
Key Market Drivers
- Technological Advancements & R&D: The increasing demand for high-performance adhesives in industries such as electronics and automotive is driving innovation in the sector.
- Surging Construction Activities: Government spending on infrastructure projects is boosting demand for adhesives and sealants in building and construction applications.
- Asia-Pacific Leads Market Growth: The Asia-Pacific region is expected to dominate both in terms of market share and CAGR throughout the forecast period.
Challenges & Opportunities
While the market is on an upward trajectory, certain factors pose challenges:
- Regulatory Pressure & Environmental Concerns: The presence of volatile organic compounds (VOCs) in adhesives and sealants raises health and environmental risks, leading to stricter regulations.
- Sustainable Solutions: The shift toward non-hazardous, eco-friendly adhesives and sealants presents lucrative opportunities for market expansion.
Segment Analysis
By Product Type:
- The adhesive segment accounted for over 80% of the market share in 2020 and is expected to maintain dominance through 2030.
- The sealant segment is projected to grow at the fastest CAGR of 5.4% during the forecast period.
By Application:
- The building and construction segment held the largest market share (nearly one-third) in 2020 and is expected to retain its lead.
- The medical segment is projected to witness the highest growth, with a CAGR of 6.0% through 2030.
Regional Insights
- Asia-Pacific accounted for more than 40% of the global market in 2020 and is projected to continue leading, with the fastest CAGR of 5.6% through 2030.
- Other regions covered in the analysis include North America, Europe, and LAMEA.
Key Market Players
The competitive landscape includes:
- Arkema S.A.
- BASF SE
- Evonik Industries AG
- H.B. Fuller
- Henkel AG & Co. KGAA
- Lord Corporation
- Scott Bader Co.
- Sika AG
- The 3M Company
- Uniseal, Inc.
𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/adhesives-sealants-market/purchase-options
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/1404
Market Overview & Forecast
According to a report by Allied Market Research, the global adhesives and sealants market was valued at $51.9 billion in 2020 and is projected to reach $85.0 billion by 2030, growing at a CAGR of 5.1% from 2021 to 2030. The report offers a comprehensive analysis of investment opportunities, key growth strategies, market trends, and competitive dynamics.
Key Market Drivers
- Technological Advancements & R&D: The increasing demand for high-performance adhesives in industries such as electronics and automotive is driving innovation in the sector.
- Surging Construction Activities: Government spending on infrastructure projects is boosting demand for adhesives and sealants in building and construction applications.
- Asia-Pacific Leads Market Growth: The Asia-Pacific region is expected to dominate both in terms of market share and CAGR throughout the forecast period.
Challenges & Opportunities
While the market is on an upward trajectory, certain factors pose challenges:
- Regulatory Pressure & Environmental Concerns: The presence of volatile organic compounds (VOCs) in adhesives and sealants raises health and environmental risks, leading to stricter regulations.
- Sustainable Solutions: The shift toward non-hazardous, eco-friendly adhesives and sealants presents lucrative opportunities for market expansion.
Segment Analysis
By Product Type:
- The adhesive segment accounted for over 80% of the market share in 2020 and is expected to maintain dominance through 2030.
- The sealant segment is projected to grow at the fastest CAGR of 5.4% during the forecast period.
By Application:
- The building and construction segment held the largest market share (nearly one-third) in 2020 and is expected to retain its lead.
- The medical segment is projected to witness the highest growth, with a CAGR of 6.0% through 2030.
Regional Insights
- Asia-Pacific accounted for more than 40% of the global market in 2020 and is projected to continue leading, with the fastest CAGR of 5.6% through 2030.
- Other regions covered in the analysis include North America, Europe, and LAMEA.
Key Market Players
The competitive landscape includes:
- Arkema S.A.
- BASF SE
- Evonik Industries AG
- H.B. Fuller
- Henkel AG & Co. KGAA
- Lord Corporation
- Scott Bader Co.
- Sika AG
- The 3M Company
- Uniseal, Inc.
𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/adhesives-sealants-market/purchase-options
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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