Adhesives & Sealants are Substances Which Permanently join two Surfaces

Posted by Marketoverview on February 12th, 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 eco-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.

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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.

Adhesive products include acrylic, polyvinyl acetate (PVA), polyurethanes, styrenic block, epoxy, ethylene-vinyl acetate (EVA), and others. Sealant products encompass polyurethanes, silicones, acrylic, PVA, and others. Acrylic adhesives generated almost USD 5 billion in 2015. They are used to develop UV light curing and waterborne & heat resistant technologies.

EVA adhesives accounted for over 400 kilotons (KT) in 2015. They should regain their shares in the near future. Silicone sealants reportedly surpassed USD 2 billion in 2015. They will grow further due to expanding automotives and construction industries.

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