Global adhesive and sealants market forecast at $85 billion by 2026

Dublin, Ireland – The adhesives & sealants market is projected to grow from USD 71.4 billion in 2021 to USD 85.8 billion by 2026, at a CAGR of 3.7% between 2021 and 2026 according to ResearchandMarkets.com.

Paper & Packaging is the largest application segment, in terms of both volume and value, in 2020. This is because of the increased use of adhesives in a wide variety of paper bonding applications ranging from corrugated box construction and the lamination of printed sheets to packaging material used for all types of consumer products and the production of large industrial tubes and cores used by manufacturers of roll goods and other materials. The increased demand for flexible packaging will play an important role in driving the adhesives market.

Automotive & transportation application is the fastest-growing segment, in terms of volume, between 2021 and 2026. Growing transportation industry is driving the sealants market. Sealants are replacing mechanical gaskets owing to their resistance to corrosion and chemicals. The popular sealants used for automobiles include polyvinyl, polyurethanes, silicones, and other elastomeric rubbers. The increasing use of plastics, composites, and fibers in automobile manufacturing has aided the growth of the sealants market, as plastics cannot be welded.

Asia Pacific is projected to be the largest and the fastest-growing market for adhesives & sealants during the forecast period. Asia Pacific is an emerging market in terms of demand for adhesives & sealants. China and India have been the driving forces behind the rapid development of the market in Asia Pacific, as well as globally. The growth in these countries is attributed to high economic growth and heavy investments in the packaging and automotive & transportation sectors.