Global Adhesives & Sealants/Joining and Fastening Markets Report 2021: Data from 2020, Estimates for 2021, and Projections of CAGRs through 2026 - ResearchAndMarkets.com

The "Global Markets for Adhesives & Sealants/Joining and Fastening" report has been added to ResearchAndMarkets.com's offering.

The global market for adhesive and sealants is estimated to grow from $59.6 billion in 2021 to $74.3 billion by 2026, at a compound annual growth rate (CAGR) of 4.5% during the forecast period of 2021-2026.

• The North American market for adhesive and sealants is estimated to grow from $13.1 billion in 2021 to $16.2 billion by 2026, at a CAGR of 4.3% during the forecast period of 2021-2026.
• The Asia-Pacific market for adhesive and sealants is estimated to grow from $21.4 billion in 2021 to $27.2 billion by 2026, at a CAGR of 4.9% during the forecast period of 2021-2026.

The adhesives and sealants industry is made up of two chemically similar but functionally different groups of formulated products, adhesives and sealants. Adhesive products are used to create a bond between two different or similar materials. Sealants are used to create an impenetrable barrier to gas or moisture. Adhesives and sealants are made from precise blends of petroleum-derived plastic resins, synthetic rubber elastomers, and agents or additives used to enhance certain characteristics.

The adhesives and sealants industry consists primarily of manufacturers of industrial and household adhesives, glues, caulking compounds, sealants, and linoleum, tile, and rubber cement from vegetable, animal, or synthetic plastics materials, purchased or produced within the same company.

The global adhesive and sealants market will see growth in the paper and packaging, medical and hygiene, and consumer sectors from 2021 through 2026. Many factors will contribute to this expansion, including the growing global population, technological developments and an overall increase in purchasing power.

This is notably true in Asia-Pacific, which is predicted to be the fastest-growing region for adhesives and sealants during the forecast period. The current worldwide health crisis has resulted in a surge in demand for medical and hygiene products such as personal protective equipment (PPE), medical supplies, masks, ventilators, personal hygiene products, and paper products.

The key growth generators will be China, India and Japan. With the growing demand for medical supplies and personal protective equipment (PPE) from the healthcare business, India and China are projected to see strong demand for adhesives in the coming years.

Increased demand for adhesives and sealants is also driven by the emergence of new market applications that have resulted from evolving and improving assembly processes. Growth opportunities have been brought about by a shift from major forms of industrial joining such as welding and mechanical fastening to adhesive bonding in major industries such as automobiles.

Similarly, the miniaturization of components in the electronics industries has enabled the use of adhesives to replace soldering and brazing in these industries. Nano-engineered adhesives and sealants that combine superior mechanical properties with wear resistance and dimensional stability are increasing the demand for adhesives in various industries.

One of the factors that inhibit the growth of the adhesives and sealants industry is an increase in oil prices and the consequent increase in raw material prices. When prices of oil and intermediate materials rise sharply, prices of finished goods move up relatively little, thus leading to a high degree of uncertainty about higher inflation in the pipeline due to such a disparity.

Report Scope

• Analyses of the global market trends, with data from 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
• Highlights of the emerging market potential of various types of adhesives and sealants, and identification of product opportunities from the viewpoint of the company's strengths
• Evaluation and forecast the overall market size in dollar value terms, and their corresponding market share analysis based on product, technology, type, chemistry, application, and geographic region
• Coverage of history, benefits, concepts, and importance of the adhesives and sealants industry; price analysis; and information on various regulations and standards for these products
• Understanding of the upcoming market opportunities and areas of focus to forecasting this market into various segments and sub-segments
• Description of product lifestyle and technology life cycle (TLC) of various types of adhesives and sealants, and methods employed by various manufacturers and users in maintaining the ecological balance
• Discussion on the environmental impact of utilization of various types of adhesives and sealants
• Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies and a relevant patent analysis
• Insight into the company competitive landscape of leading global manufacturers, their R&D activities, product innovations, and recent market developments
• Comprehensive company profiles of the market-leading players, including Dow Inc., Bostik - An Arkema Co., Henkel AG & Co. KGaA, H.B. Fuller Co., and SIKA AG

Company Profiles

• 3M
• Artimelt Ag
• Ashland Global Holdings Inc.
• Avery Dennison Corp.
• Bostik - An Arkema Co.
• Dow Inc.
• H.B. Fuller Co.
• General Sealants Inc.
• Henkel Ag & Co. KGaA
• Huntsman Corp.
• Illinois Tool Works Inc.
• Jowat Se
• Sika Ag
• Toyo Ink Group
• Wacker Chemie A

For more information about this report visit https://www.researchandmarkets.com/r/j4145f

View source version on businesswire.com: https://www.businesswire.com/news/home/20220119005522/en/