Adhesive is a material used to bind two surfaces
together, while sealants are materials with adhesive properties that
are used to seal, fill, waterproof, gaps, and joints between two
surfaces. Moreover, due to high tensile and shear strength adhesive
are classified into two categories such as structural adhesive and
nonstructural adhesive. The chemicals formulation and technology
involves in adhesive and sealants are similar. Water-based adhesive
is expected to dominate the global adhesive market during the
forecast period. Moreover, the silicon based sealants is also
projected to be dominant segment in the market. Adhesives and
sealants are expected to witness significant growth over the forecast
period in the construction, packaging, and automobiles industries.
Request Sample of Global Adhesives and Sealants Market:
https://www.coherentmarketinsights.com/insight/request-sample/253Adhesives and Sealants Market Taxonomy
On the basis of product type, the global adhesives market is classified into:
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Solvent based
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Water based
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Hot melt
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Reactive
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Others
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Acrylic sealant
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Polyurethane sealant
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Silicon sealant
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Butyl sealant
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Others
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Packaging
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Buildings and construction
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Wood works
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Footwear
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Medical
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Others
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North America
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U.S.
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Canada
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U.S.
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Europe
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U.K.
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Germany
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Italy
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France
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Spain
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Russia
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Rest of Europe
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U.K.
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Asia Pacific
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China
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India
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Japan
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ASEAN
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Australia
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South Korea
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Rest of Asia Pacific
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China
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Latin America
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Brazil
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Mexico
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Argentina
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Rest of Latin America
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Brazil
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Middle East
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GCC Countries
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Israel
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Rest of Middle East
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GCC Countries
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Africa
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Northern Africa
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Central Africa
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South Africa
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Northern Africa
Asia Pacific is expected to be one the major
revenue contributor due to its emerging economy and supportive
government policies in the region. For instance, Make in India
initiative by Government of India aims to raise the country’s
passenger vehicle manufacturing to 9.4 million by 2026. Moreover, due
to rampant economic growth in Asia Pacific and rapid urbanization,
especially in India and China, the demand for adhesive and sealants
is expected to witness tremendous growth over the forecast period
from various end-use industries that are witnessing burgeoning
growth. Demand for modern buildings and commercial complex with glass
exteriors and interiors is increasing and in turn is expected to
drive growth of the global adhesive and sealants market during the
forecast period.
Adhesives and Sealants Market Challenges – Environmental
Impact
Carbon dioxide (CO2) and Volatile Organic Compound
emission are major environmental issues. Adhesive and sealants such
as silver epoxy-based Electronic Conductive Adhesive (ECA) release
CO2. Moreover, due to stringent government regulation on release of
VOC emission to the atmosphere, end-use industries are actively
opting for alternative to organic solvents and dispersing media. For
instance, SIKA AG introduced new-generation adhesive SikaBond AT-75
for wood floor bonding, meeting highest EHS regulation. This is
expected to be one of the key challenges for adhesive and sealants
market during the forecast period. Bio-based based products such as
soybean-derived polyols, vegetable-based polyamides, epoxies, and
polyisoprenes are increasingly replacing the synthetic materials and
additionally reduce the carbon footprints. Water based formulation
contribute to a major share in adhesive whereas silicone-based
sealant capture major share in sealants market. Adhesives and
sealants market is highly dependent on the raw materials such as
synthetic fibers, resins, and crude oil. The prices of these raw
materials are highly volatile and hamper the growth of the adhesives
and sealants market.
Adhesives and Sealants Market – Regulatory Scenario:-
United States Environmental Protection Agency (EPA),
September, 2008, published Control Technique Guideline (CTG) for
industrial adhesives with requirement on Volatile Organic Compound
(VOC) content of adhesive application method at facility to have VOC
emission of 15 lb/day or more.
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United States Environmental Protection Agency (EPA),
September 20, 2011, enforced regulation on use of adhesive and
sealants which contains chloroform, ethylene dichloride, methylene
chloride, perchloroethylene or trichloroethylene.
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United States Environmental Protection Agency (EPA),
January 01, 1993, banned on use of Adhesives, Sealants, Adhesive
Bonding Primers, Adhesive Primers, Sealant Primers, or any other
Primer which have a VOC content in excess of 250 g/L less water and
less Exempt Compounds.
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The Council of The European Communities on May 16, 1983,
amending directive 77/728/EEC on the approximation of the laws,
regulations and administrative provisions of the Member States
relating to the classification, packaging and labelling of
adhesives, paints, varnishes, printing inks and similar products
(83/265/EEC).
Some of the key companies
dominating the market are 3M, The Dow Chemicals Company, Henkel AG &
Co. KGaA, Avery Dennison, Royal Adhesives & Sealants LLC, Ashland
Inc., Akzo Nobel NV, Arkema SA, BASF SE, Bemis Company Incorporated,
Berry Plastics Corporation, RPM International, DuPont, and Evans
Adhesive Corporation Limited, among others. Manufacturers are working
closely with OEMs and R&D centers of the major automotive players
to bridge the demand gap and offer tailor-made products
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