Adhesives And Sealants Market Scope And Analysis

Report Code : TIPRE00003665
Category : Chemicals and Materials

Status : Published
No. of Pages : 230

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Adhesives and Sealants Market Analysis and Scope (2023 to 2030)

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Adhesives and Sealants Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 55.99 Billion
Market Size by 2030	US$ 77.6 Billion
Global CAGR (2022 - 2030)	4.2%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Resin Type [Adhesives, Sealants) By End-Use Industry Automotive Aerospace Paper and Packaging Building and Construction Electrical and Electronics Medical
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Henkel AG and Co KGaA HB Fuller Company Sika AG 3M Co Huntsman International LLC Dow Inc Wacker Chemie AG Parker Hannifin Corp Dymax Corporation

IMPACT OF COVID-19 PANDEMIC/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

Industries such as construction, automotive, electronics, and paper & packaging have been the major consumers of adhesives and sealants. In 2020, these industries had to slow down their operations due to disruptions in the value chain caused by government regulations and trade restrictions. Moreover, lockdowns imposed by different countries hampered the inventory levels of many manufacturers in the same year. The shortage of manpower resulted in the reduction in adhesives and sealants production and distribution operations. Additionally, government restrictions and other COVID-19 related-precautions reduced the operational capacities of stakeholders in the adhesives and sealants value chain.

In late 2021, the global adhesives and sealants market began recovering from the losses incurred in 2020, with the revival of end-use industries such as automotive, aerospace, and construction. Expansion in production capacities in the chemicals & materials industry post COVID-19 pandemic in many regions such as Asia Pacific and North America can create lucrative opportunities for the adhesives and sealants market in the coming years.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

A few of the key players operating in the adhesives and sealants market are Henkel AG and Co KGaA, HB Fuller Company, Sika AG, 3M Co, Huntsman International LLC, Dow Inc, Wacker Chemie AG, Parker Hannifin Corp, Dymax Corporation, and Astro Chemical Company Inc.