Adhesives And Sealants Market | APAC to Dominate Market growth through 2023-2027

Rising construction and food packaging applications, rising demand from developing countries, and a preference shift towards hot-melt adhesives are shaping the adhesives and sealants market into a highly profitable sector with a turnover of billion-dollar globally. It is estimated to grow at a CAGR of 4.75% between 2022 and 2027 with a forecasted growth of USD 17.33 billion in revenue. Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. 

APAC to Dominate Market Growth through 2023-2027: Large-scale construction and infrastructure projects by both government and private entities are propelling the demand for adhesives and sealants in the APAC region. It is estimated 53% of the market’s growth will originate from APAC during the forecast period as China and India are the largest players in the construction market in the region with an increasing number of construction activities for the improvement of the national infrastructure.

Technavio's report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. 

Key Companies: AdCo UK Ltd., Arkema Group, Avantor Inc., Avery Dennison Corp., BASF SE, Beardow and Adams Adhesives Ltd., DELO Industrie Klebstoffe GmbH and Co. KGaA, Dow Chemical Co., Dymax Corp., Eastman Chemical Co., H.B. Fuller Co., Henkel AG and Co. KGaA, Huntsman International LLC, are some of the key companies.

For instance, an organization like 3M Co. offers adhesives and sealants such as 3M Scotch-Weld Acrylic Adhesive DP8410NS, 3M Scotch-Weld Epoxy Adhesive DP100 Plus, 3M Aerospace Sealant AC-251 and 3M Marine Adhesive Sealant Fast Cure 4200FC. Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem. Download a Sample Report.

Adhesives And Sealants Market: Key Highlights of the Report for 2023-2027

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will drive Adhesives and Sealants Market growth during the next five years
• Precise estimation of the Adhesives and Sealants Market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the adhesives and sealants industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors

Quick Fact: As per the data, the current trend is the growing use of adhesives in medical devices adhesives offer greater effectiveness than traditional fasteners, especially in the reusable medical device market. Notably, Structalit 701 by Panacol-Elosol GmbH and Loctite 4011 by Henkel AG & Co. KGaA are examples of medical-grade adhesives used in bonding surgical instruments and assembling difficult-to-bond materials, respectively.