Adhesives & Sealants Market to Exhibit 5.05% CAGR till 2026; Economic Viability of Water-based Adhesives to Boost Their Adoption Across Industries

The global adhesives & sealants market size is slated to touch USD 66.76 billion by 2026 owing to the rising demand for lightweight automobiles worldwide. This information is supplied in the recent Fortune Business Insights™ report, titled “Adhesives & Sealants Market Size, Share & Industry Analysis, By Adhesive Technology (Water-Based, Solvent-Based, Hot-Melt, Reactive And Others), By Adhesive Application (Paper & Packaging, Building & Construction, Woodworking, Consumer/DIY, Automotive & Transportation, Leather & Footwear And Others), By Resin (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide, Butyl And Others), By Sealant Application (Building & Construction, Automotive & Transportation, Consumer And Others), and Regional Forecast, 2019-2026”. The report states that the value of this market stood at USD 45.02 billion in 2018 and is expected to register a CAGR of 5.05% from 2019 to 2026.

Sika Acquires Crevo-Hengxin, Establishes Its Presence in Asia-Pacific

The Swiss chemical specialist, Sika AG, acquired Crevo-Hengxin, the Chinese silicone sealant maker, in September 2019. Crevo-Hengxin is a major player in Chinese sealant and adhesive market, offering a wide range of products for fenestration, interiors, facades, and insulated glass works. The acquisition would give Sika Crevo’s R&D center, a production facility, and a warehouse. Through this move, Sika aims at expanding its global footprint by targeting the booming building and construction industry in Asia-Pacific. Such measures are emerging as one of the leading adhesives & sealants market trends as acquisition of regional players by their global counterparts is significantly enhancing the potential of this market. Furthermore, European companies are looking eastward where rapid economic development is strengthening the global building and construction industry, which bodes well for this market.  

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/adhesives-and-sealants-market-101715

High Urbanization Rate in Emerging Economies to Fuel the Market

Emerging economies in Asia and Africa are generating massive demand for materials used in infrastructural operations as a result of rapid urbanization. The Department of Economic and Social Affairs (DESA) of the UN projects that 68% of the world’s population will be living in urban areas by 2050. More importantly, nearly 90% of this rise will be taking place in Asia and Africa. This increase will be further bolstered by the rising population in these continents. For example, the UN predicts that by 2050, majority of the world’s 9.7 billion people will be born in countries such as India, Pakistan, Nigeria, and Indonesia. As a result, the demand for housing, commercial spaces, and other critical infrastructure is expected to experience an astronomical rise in the next few decades, propelling the adhesives & sealants market growth in the process.

Strategic Operational Expansion by Players to Intensify Competition

“Competitors are adopting various strategies to solidify their market position, chief among them being acquisition of regional companies in Asia-Pacific”, one of our lead analyst states. Besides this, a few other players are involved in strengthening their distribution network and widening their product offerings.

Industry Development:

• September 2017: US-based adhesive and sealant manufacturer, H.B. Fuller, acquired one of its competitors, Royal Adhesives and Sealants, a fellow US-based specialty sealant and adhesive manufacturer. Fuller aims to develop its adhesive engineering capacities and target niche market segments through this move. It would also enable the company to strengthen its foothold in Europe, North America, and China.

List of Key Players Profiled in the Adhesives & Sealants Market Report:

• RPM International Inc.


• Huntsman Corporation


• BASF SE


• Ashland Inc.


• 3M


• Sika AG


• PPG Industries


• H.B. Fuller Company


•  Avery Dennison


• Arkema S.A.

Further Report Findings:

• Asia-Pacific is poised to lead the adhesives & sealants market share owing to the rising demand for adhesives and sealants from the flourishing automotive industry in the region.


• North America generated a revenue of USD 11.32 billion in 2018 on account of increasing popularity of flexible packaging solutions in the region.


• By application, the packaging segment is expected to lead as majority of food packaging uses adhesives, while the building and construction segment will hold a share of 24.68%.


• In case of sealants, the building and construction segment will dominate, while the automotive and transportation segment will hold a share of 22.93% in the market.

Global Adhesive & Sealants Market Scope Table of Segmentation: