Adhesives & Sealants Market worth $80.0 Billion by 2025 - Exclusive Report by MarketsandMarkets™

The major market players in Adhesives & Sealants Market are Henkel AG (Germany), H.B. Fuller (US), Sika AG (Switzerland), Arkema (Bostik SA) (France), 3M Company (US), Huntsman Corporation (US), Illinois Tool Works Inc. (US), Avery Dennison Corporation (

(EMAILWIRE.COM, October 29, 2021 ) The market size for adhesives & sealants is projected to grow from USD 63.2 billion in 2020 to USD 80.0 billion by 2025, at a CAGR of 4.8%. The major drivers for the market are increased demand for adhesives in the medical industry, increasing demand for adhesives & sealants from the building & construction industry, and growth in the appliances industry.

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Water-based is projected to be the largest formulating technology of the adhesives market.
The adhesives market in the water-based segment is driven by the steady increase in demand from building & construction applications in North America and new infrastructure projects in India, Taiwan, and other developing countries across the world. Water-based adhesives provide excellent adhesion to different substrates and are used in a wide variety of packaging applications, such as bookbinding, paper bags, cartons, labels, foils, films, paperboard decals, wood assembly, automobile upholstery, and leather binding.
Medical is the fastest-growing application segment of the adhesives market.

Medical is the fastest growing application in adhesives market, in terms of volume. Recently, with the outbreak of COVID-19, the governments, the private sector, and people throughout the world have been affected hugely due to the pandemic. Hence, the healthcare and medical devices sector has become the centerpiece for the recovery of patients. Medical devices are being used in large numbers due to the increased number of positive cases. This has increased the use of adhesives. Another driving factor is the aging population, driven by increasing life expectancy, which fuels the demand for medical devices, ultimately increasing the demand for adhesives.

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APAC is the largest adhesives & sealants market globally.
APAC is projected to lead the adhesives & sealants market during the forecast period which is driven by high economic growth and heavy investments in packaging, automotive, building & construction, medical, and electronic industries. APAC is increasingly becoming an important global trade and commerce center. Various companies and other international players are setting up new plants or expanding their existing adhesives & sealants production units in this region because of the low cost of production and the ability to serve the local emerging market.


COVID-19 Impact on the Global Adhesives & Sealants Market

COVID-19 has posed many challenges for the automotive sector. The US, Germany, the UK, Italy, South Korea, Spain, and Japan are among the adversely affected major industrialized economies. According to a study by Boston Consulting Group, despite encouraging reports on progress toward a vaccine, numerous risks remain. It is projected that the sales in Europe and the US will not rebound to pre-COVID levels until 2023 at the earliest.

COVID-19 has posed many challenges in the construction sector. Major economies across the world, such as the US, Germany, the UK, Italy, South Korea, Spain, and Japan, are among the severely affected countries by the pandemic. Social distancing measures, supply chain disruptions, and workforce dislocation have led to the suspension of construction activities in most countries due to the disruptions in supply chains and shortage of raw materials and labor. Construction companies with high debts and lower cash reserves faced a liquidity crisis. However, the construction of temporary hospitals and quarantine centers increased with this outbreak of coronavirus.

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