Market Analysis Report Adhesive and Sealant Market

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Adhesive and Sealant Market Size,Share,Trend, Segmentation,
Report and Forecasts to 2024 | Hexa Research
“ The global adhesive and sealant market is estimated to reach nearly USD 52
billion by 2024”
30 November 2018
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 e co-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.
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