According to a new report by EMR titled, ‘Global Sealants and Adhesives Market Report and Forecast 2019-2024’, the global sealants and adhesives market reached a value of USD 58 billion in 2018. The market is further expected to attain a value of USD 73 billion by 2024, growing at a CAGR of 3.8% in the forecast period of 2018-2024.

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Adhesives are usually liquid in form which solidify upon application and are used to join together two surfaces by adhesion. They have superior strength, greater durability, and rigidity as compared to sealants. Sealants, on the other hand, are highly flexible paste-like materials used to fill and seal gaps between surfaces or connection joints. Silicones sealants are preferred due to their enhanced flexibility and elongation properties.

Construction and infrastructure sector is the major driving force behind the growth of the sealants and adhesives market. They find their use in the construction and renovation sectors as floor primers, adhesives for tiles and soft floor coverings, window sealant, door sealant, roof sealant, wall primers, and wallpaper adhesives, among others.

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Sealants are also used to waterproof and fireproof surfaces and find applications in the renovations of floors and walls. The scope of their application in the construction sector ranges from small domestic projects to large, expansive bridges and skyscrapers. The growing construction activities in developing countries due to rising population and rapid urbanisation and recovering construction sector in developed countries are driving the sealants and adhesives market with Asia Pacific, North America, and Europe as the leading markets for the industry.

The automotive industry is another significant application sector for sealants and adhesives and is expected to continue to drive the market with the rising production of automobiles. The growing environmental concerns have led to automobiles manufacturers increasingly focussing on the production of light-weight vehicles with improved fuel efficiency. The manufacturers are resorting to the use of lightweight composite materials joined together by structural adhesives instead of welding or heavy mechanical fasteners. Unlike mechanical fasteners, structural adhesives also absorb vibrations and impact forces. Sealants and adhesives find extensive applications in the automotive industry being used in various parts of the vehicle ranging from sensors to the vehicle skeleton. China was the major automotive producer in 2017 and is the foremost market for sealants and adhesive in the Asia Pacific region.

Market Analysis by Type, Application, and Region:

* Adhesives are broadly divided into reactive systems, solvent-based, pressure sensitive, water-

based, and hot melt, among others.

* Reactive systems are further divided into epoxy, polyurethane, and others.

* Solvent-based adhesives are vinyl acetate, PVA (Polyvinyl Acetate) and rubber, among others.

* Pressure sensitive adhesive type is sub-divided into acryl, and rubber types, among others.

* Acryl Emulsion and vinyl acetate are the major types of water-based adhesives.

* The hot melt category can be further categorized as EVA (Ethylene Vinyl Acetate) and rubber.

* The major types of sealants analysed by EMR are silicones, acrylic, butyls, polysulphides, and

polyurethanes, among others.

* The leading application sectors for sealants and adhesives are paper, board and related

products, building, construction, civil engineering, craftsmen, woodworking and joinery,

transportation, footwear and leather, consumer/DIY, and assembly operations, among others.

* Region-wise, the sealants, and adhesives market is divided into North America, Europe, Asia *

Pacific, LATAM, and Middle East and Africa.

Key Findings of the Report:

* Rising demand from the infrastructure, packaging, and automobile sectors are driving the global

sealants and adhesives market.

* Rapid industrialisation combined with a growing middle class is driving the market in emerging

economies.

* In emerging nations, construction and assembly operations are the key application sectors for

sealants and adhesives.

* Construction was the leading application sector for the market in Europe and North America,

with the European market also being driven by transportation and industrial assembly sectors.

* Increased R&D investments and technological innovations due to mounting environmental

regulations have provided added impetus to the market.

Key Offerings of the Report:

* The EMR report offers a detailed historical (2014-2018) and forecasted (2019-2024) market of the global sealants and adhesives market.

* The report provides an in-depth analysis of the market in the periods 2014-2018 and 2019-2024 according to end-use and regions.

* It offers a trade analysis of the major exporting and importing countries by their value and volume for the year, 2018.

* It also provides an in-depth insight into the region-wise historical (2014-2018) and forecasted (2019-2024) price trends of sealants and adhesives.

Henkel AG & Co. KGaA, Sika AG, Bostik SA, Saint-Gobain S.A, H.B. Fuller Company, Evonik Chemicals limited, DowDuPont Inc., 3M Chemical Limited, and Wacker Chemie AG are the major players in the global sealants and adhesives market that have been analysed by the EMR report. The report provides a detailed insight into the latest developments of the competitive landscape of the global sealants and adhesives market like plant turnarounds, market share, expansions of capacity, and mergers and acquisitions.

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EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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