TAGS: Sealants Reactive Adhesives Hot-melt Adhesives
Research and Markets (RM) anticipates that the global adhesives & sealants market is expected to record a value of US$79.18 billion in 2026, growing at a CAGR of 5.22%, for the time period of 2022-2026.
Demand from Construction Industry
Factors such as expansion of construction industry, rising production of light weight vehicles, increase in home-improvement activities, rising demand for packaging and rapid urbanization would drive the growth of the market.
However, the market growth would be challenged by the government regulation over VOC emission and shifting rules and changing standards. A few notable trends may include growth in electronics industry, surge in medical devices sales, use of 3D vision in adhesive applications, emergence of pressure sensitive tapes and Increasing demand of reactive hot melt adhesives (HMA).
The global adhesives & sealants market is fragmented in nature and comprises small scale and medium scale companies. Several of them are continuously adopting strategies such as acquisitions, collaborations and product launches.
Highest Growth in Asia Pacific Region
Others are expanding their manufacturing facilities to strengthen their position in the market. Key players in the market are developing a strong regional presence, distribution channels and product offerings to maintain their strategic position in the global adhesives & sealants market.
The fastest growing regional market was Asia Pacific, owing to the rising demand from the building & construction, packaging and automotive industries. While, Europe and North America are also likely to capture significant shares in the global adhesives & sealants market during the forecasted period.
Source: Research and Markets