The Latest Adhesives And Sealants Industry Statistics Explained
The global adhesives and sealants market size was valued at USD 58.86 billion in 2020.
The statistic indicates that the global adhesives and sealants market had a total worth of USD 58.86 billion in the year 2020. This figure represents the total value of adhesives and sealants products sold worldwide during that year. The market size serves as a key indicator of the industry’s scale and economic significance, reflecting the demand for these products across various sectors such as construction, automotive, packaging, and healthcare. Understanding the market size helps industry stakeholders, businesses, and policymakers make informed decisions regarding investment opportunities, market trends, and strategic planning within the adhesives and sealants industry.
The adhesives and sealants market is projected to grow at a rate of 4.8% CAGR from 2021 to 2028.
The statistic indicates that the adhesives and sealants market is expected to experience a Compound Annual Growth Rate (CAGR) of 4.8% between the years 2021 and 2028. This means that the market size for adhesives and sealants is forecasted to increase steadily at an annual average rate of 4.8% during this period. The projected growth rate suggests a positive outlook for the industry, implying increasing demand for adhesives and sealants products over the next several years. Various factors such as technological advancements, expanding applications across industries, and increasing construction activities are likely driving this growth trend in the adhesives and sealants market.
The Asia Pacific region led the market in 2020, with a revenue share of 38.5%.
The statistic “The Asia Pacific region led the market in 2020, with a revenue share of 38.5%” indicates that in the year 2020, the Asia Pacific region contributed the largest portion of revenue compared to other regions in the market. Specifically, 38.5% of the total revenue generated in the market came from businesses operating in the Asia Pacific region. This suggests that the region played a significant role in driving the overall market performance and is likely a key player in the industry. The statistic highlights the importance of the Asia Pacific region in the market landscape and emphasizes its influence on the global economy.
The adhesives and sealants market in construction end-use is projected to reach 4.1 billion USD by 2026.
The statistic states that the adhesives and sealants market, specifically within the construction end-use sector, is expected to grow and reach a value of 4.1 billion USD by the year 2026. This indicates a substantial increase in demand for adhesives and sealants within the construction industry over the forecast period. Factors driving this growth may include rising construction activities, infrastructure development, and increasing focus on energy-efficient and sustainable construction practices. The projected value provides valuable insight into the expected market size and indicates potential opportunities for businesses operating within the adhesives and sealants sector to capitalize on this growing market segment.
Water-based technology segment dominated the market in 2020, with over 50% revenue share.
The statistic indicates that the water-based technology segment had the highest revenue share among all technology segments in the market in 2020, accounting for over 50% of the total revenue generated. This suggests that water-based technology was the most popular and widely utilized technology in the market during that period. The dominance of the water-based technology segment could be attributed to factors such as environmental concerns, regulatory requirements, cost-effectiveness, and performance advantages over other technology segments. This statistic highlights the significance of water-based technology in the market and underscores its importance in meeting consumer demands and industry standards.
Rigid bonding application segment is predicted to witness a CAGR of 5% from 2021 to 2028.
This statistic indicates that the market for rigid bonding applications is projected to experience a Compound Annual Growth Rate (CAGR) of 5% over the period spanning from 2021 to 2028. This forecast suggests that the demand and adoption of rigid bonding techniques and products within this segment are expected to steadily increase over the specified timeframe. The projected CAGR serves as a quantitative assessment of the potential growth rate for this particular market segment, providing insight for businesses, investors, and stakeholders on the anticipated expansion and opportunities within the rigid bonding application industry.
Pressure-sensitive applications of adhesives and sealants market size is predicted to surpass 9.5 billion USD by the year 2024.
The statistic indicates a forecast for the growth of the pressure-sensitive applications of adhesives and sealants market, suggesting that the market size is expected to exceed 9.5 billion USD by the year 2024. This prediction implies a significant increase in the demand and utilization of adhesives and sealants in various industries where pressure-sensitive applications are prevalent, such as packaging, automotive, construction, and healthcare. Factors driving this growth may include technological advancements, rising demand for convenient and efficient bonding solutions, and increasing adoption of pressure-sensitive adhesives and sealants in innovative product designs. The projected market size reflects a promising outlook for suppliers and manufacturers in this industry, indicating potential opportunities for expansion and investment.
silicon-based adhesives and sealants are expected to register a CAGR of 5.1% in terms of revenue from 2021 to 2028.
This statistic indicates that the revenue generated from sales of silicon-based adhesives and sealants is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.1% from the year 2021 to 2028. A CAGR of 5.1% means that the revenue from these products is expected to increase by an average of 5.1% annually during this period. This growth rate suggests a positive trend in the market demand for silicon-based adhesives and sealants over the next several years, potentially driven by factors such as technological advancements, expanding applications in various industries, and increasing awareness of the benefits of using these products.
The adhesive and sealants demand for automotive applications was over 1.4 billion USD in 2019.
The statistic stating that the adhesive and sealants demand for automotive applications surpassed 1.4 billion USD in 2019 indicates a considerable market size and value for these products within the automotive industry. This demand can be attributed to the critical role that adhesives and sealants play in various automotive applications, such as assembling, bonding, and sealing components in vehicles. The significant demand also reflects the growing trend towards lightweight materials and advanced technologies in the automotive sector, driving the need for high-performance adhesives and sealants to meet industry requirements for durability, safety, and efficiency. Additionally, the substantial market value suggests a competitive landscape with opportunities for manufacturers and suppliers to innovate and cater to the evolving needs of the automotive market.
Europe adhesive and sealants market for pressure-sensitive applications should grow at over 4.5% by 2024.
This statistic indicates that the Europe adhesive and sealants market for pressure-sensitive applications is expected to experience a growth rate exceeding 4.5% by the year 2024. This suggests a positive trend in the market, with increasing demand for adhesive and sealant products specifically designed for pressure-sensitive applications. Factors such as technological advancements, growing industrial sectors, and increasing consumer preferences for innovative products are likely to drive this market growth. Companies operating in this market may benefit from this projected growth by adapting their strategies to cater to the rising demand for pressure-sensitive adhesive and sealant products within the European region.
North America accounted for a share of 23.3% in the global market in 2020.
The statistic indicates that North America held a share of 23.3% in the global market in 2020. This implies that nearly a quarter of all market activity worldwide was attributed to North America during that year. This figure suggests that North America was a significant player in the global market landscape in terms of market size, revenue generation, or other relevant metrics. The statistic provides valuable insights into the relative importance and influence of North America in the context of the broader global market economy in 2020.
The global solvent-based adhesives and sealants market size was over 8 billion USD in 2019.
This statistic indicates that the total market value of solvent-based adhesives and sealants worldwide exceeded 8 billion USD in the year 2019. This figure represents the combined revenue generated by companies manufacturing and selling these products to various industries and consumers on a global scale. The size of the market reflects the significant demand for solvent-based adhesives and sealants in construction, automotive, packaging, and other sectors requiring bonding and sealing solutions. This statistic is essential for industry stakeholders, policymakers, and investors to understand the economic significance and growth potential of the solvent-based adhesives and sealants market.
Sustainable and biodegradable adhesives and sealants market size is predicted to grow at over 4.5% CAGR from 2016 to 2024.
This statistic indicates that the market size for sustainable and biodegradable adhesives and sealants is expected to increase steadily at a Compound Annual Growth Rate (CAGR) of over 4.5% from the year 2016 to 2024. This suggests a positive trend in the adoption and demand for eco-friendly adhesive and sealant products over the specified time period. The projected growth rate implies a gradual expansion of market opportunities and consumer interest in sustainable alternatives, reflecting a shift towards environmentally conscious solutions in the adhesives and sealants industry.
The market share from sealants was above 30% in 2020.
The statistic ‘The market share from sealants was above 30% in 2020’ indicates that sealants, a type of product or service within a specific industry, held a significant portion of the overall market in the year 2020. A market share above 30% suggests that sealants were a dominant player in the market, potentially outperforming or competing strongly against other similar products or services. This statistic highlights the popularity and prominence of sealants within the industry during the specified year, showcasing the strong performance and market presence of these products.
Polyurethane adhesive and sealants are forecasted to witness a CAGR of 5.4% from 2021 to 2028.
This statistic indicates that the market for polyurethane adhesive and sealants is predicted to experience a Compound Annual Growth Rate (CAGR) of 5.4% between the years 2021 and 2028. A CAGR is a measure used to understand the geometric progression that an investment or market is expected to experience over a specified period of time. In this case, the forecast suggests a steady and consistent increase in the demand for polyurethane adhesive and sealants over the next seven years. The positive growth rate implies that the market is likely to expand as more industries and customers recognize the benefits and applications of these products, leading to increased sales and market share for businesses in this sector.
Brazil adhesives market size should surpass 700 million USD by 2024.
The statistic indicates that the market size of adhesives in Brazil is projected to exceed 700 million USD by the year 2024. This forecast suggests a growth in market demand for adhesives within the country over the specified timeframe. Factors contributing to this growth may include increasing industrial activities, infrastructure development, and a growing consumer base. Such data is valuable for businesses operating in the adhesives industry as it provides insight into potential market expansion and opportunities for investment and strategic planning.
The global demand for adhesives and sealants in the transportation industry was over 720 kilotons in 2018.
The statistic indicates that the worldwide need for adhesives and sealants within the transportation sector exceeded 720 kilotons in the year 2018. This suggests a substantial requirement for these materials in industries related to automotive, aerospace, marine, and other modes of transportation. Adhesives and sealants play a crucial role in bonding, joining, and sealing various components in vehicles to ensure structural integrity, safety, and performance. The significant volume of demand signifies the importance of these materials in the manufacturing and maintenance of transportation vehicles globally, demonstrating the reliance on adhesives and sealants within the industry for various applications.
India will likely register a CAGR of over 9% in the adhesives and sealants market between 2016 to 2023.
This statistic indicates that India is forecasted to experience a Compound Annual Growth Rate (CAGR) of over 9% in the adhesives and sealants market from the year 2016 to 2023. A CAGR of 9% suggests a strong and consistent growth trend in the market for adhesives and sealants in India over this period. This growth rate indicates that the market is expanding rapidly and that there is increasing demand for these products in various industries such as construction, automotive, and packaging. The projection of a CAGR exceeding 9% reflects a positive outlook for the adhesives and sealants market in India and signals potential opportunities for businesses operating in this sector.
The footwear sector accounted for over 9% of the global adhesives and sealants market in 2020.
The statistic indicates that the footwear sector, which includes the manufacturing of shoes, boots, and other types of footwear, contributed over 9% of the total global market for adhesives and sealants in the year 2020. This suggests that adhesives and sealants are extensively utilized in the production of footwear to join different materials together and provide durable and long-lasting bonds. The significant share of the footwear sector in the adhesives and sealants market highlights the importance of these products in the footwear manufacturing industry and demonstrates the reliance of the sector on these materials for the production of high-quality and functional footwear products.
The global adhesives and sealants market is highly fragmented with the top 8 manufacturers accounting for just 40% of the overall market in 2019.
This statistic indicates that the global adhesives and sealants market is diversified and competitive, as it is highly fragmented with a relatively low market concentration. The fact that the top 8 manufacturers only hold 40% of the market share suggests that there is a multitude of companies operating within this industry, with no single player dominating the market. This level of fragmentation can lead to intense competition among manufacturers, resulting in a wide range of product offerings, pricing strategies, and technological innovations to attract customers and gain market share. Additionally, it highlights the potential for new entrants to enter the market and for existing companies to pursue growth opportunities through strategic partnerships or acquisitions.
Conclusion
Overall, the statistics presented in the adhesives and sealants industry highlight the robust and growing nature of this sector. As the demand for these products continues to rise across various industries, market players will need to stay informed and adapt to changing trends to stay competitive. The data provided offers valuable insights for businesses and stakeholders looking to make informed decisions in this dynamic industry.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.gminsights.com
2. – https://www.www.globenewswire.com
