The report on Adhesives and Sealants Market by product (water based, solvent bases, hot melt, reactive), by technology
(construction, automotive, packaging, transportation, footwear, furniture), by application (construction, automotive,
packaging, transportation, footwear, furniture) trends analysis and forecasts up to 2023 studies the market sizes, key trends
and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to the
report the Global Adhesives and Sealants Market is projected to grow at a CAGR of between 3.8% and 4.3% in terms of value
over the period of 2017-2023. The growth in the world market is primarily driven by significant contribution by North America
(Leading region) region to this market.
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Market Insights
In 2014, the size of global adhesive and sealants market was valued over USD 45 billion. While in 2015, the size of adhesive
and sealants market surpassed USD 47 billion. The global adhesives and sealants market is projected to grow with a CAGR
between 3.8% and 4.3% over the forecast period of 2017 – 2023 and reach USD 62 billion by 2023. The key factors driving the
growth of adhesives and sealants market include expansion of construction industry, growing transportation sectors, and
rising demand in automotive and packaging industry. However, the growth of adhesive and sealants market is restrained by
stringent government regulations and fluctuating prices of raw material used to manufacture adhesive and sealants.
Nevertheless, the growing application of adhesives in medical application is anticipated to bring new opportunities for leading
players in this market over the forecast period.
Segments Covered:
The report segments the global adhesive and sealants market by product type, by technology, by application and by region.
The market segmentation based on type of product includes acrylic, polyurethane, polyvinyl acetate (PVA), epoxy, EVA. On the
basis of technology market is segmented into water based, solvent bases, hot melt and reactive, and others, whereas
application segment comprises pressure sensitive, construction, automotive, packaging, transportation, footwear, furniture
and others.
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