세계 접착제 및 실란트 시장 – 2024-2031년

Overview
Global Adhesives and Sealants Market reached US$ 78.1 billion in 2023 and is expected to reach US$ 119.9 billion by 2031, growing with a CAGR of 5.5% during the forecast period 2024-2031.
The development of a new generation of electric vehicles will be a major contributing factor to market growth since the usage of new lightweight components and lesser mechanical fastenings will help reduce weight and extend battery range. For instance, Permabond, a UK-based multinational manufacturer of adhesives, recently launched a range of adhesives exclusively for EV production applications.
The concern about the environmental contamination caused by the improper disposal of adhesives could become a major factor in crippling market growth during the forecast period. Many countries have lax protocols for handling adhesive waste and even poor regulations regarding their disposal. Until these issues are sorted, the usage of adhesives might continue to face regulatory restrictions.
Dynamics
Growing Adhesive Demand from the Automotive Industry
Currently, plastics and composite materials are used more frequently in lightweight car components. The components effectively lower a vehicle's weight and raise its fuel economy. However, they also pose a problem for the assembling process on the other side. The producer must use strong glue to bind the pieces together when integrating a non-metal component into a metal component, driving the growth of the structural adhesives market. Because solvent welding is typically not an option for composites and drilling might result in component damage, structural adhesives are a great connecting solution for these materials.
The growing application of structural adhesives in the automotive industry has encouraged the key players to invest in the market, escalating the market share for the product. For instance, in 2023, DELO launched a structural adhesive for batteries used in hybrid vehicles. The thermally conductive and fire DELO-DUOPOX TC8686 is created for high-volume series manufacture. Currently, the product is being utilized to help an automotive supplier expand. The new glue is especially well suited for mild hybrid vehicles' low-voltage batteries.
Growth of Infrastructure Development in Emerging Countries
To improve the quality of life for their citizens and improve the overall image of public spaces, the governments of many emerging markets are making significant capital investments in public infrastructure development. The construction of new metro systems, airports, bridges stadiums, and high-speed railways has picked up pace in the post-pandemic period.
China and India are currently at the forefront of the growing infrastructure development, however, Southeast Asian countries like Indonesia, Thailand, and Malaysia are also rapidly scaling up infrastructure development. Although African countries are lagging, there have been a few projects that have been undertaken with the help of multilateral organizations. Such a growth in infrastructure will augment the demand for adhesives and sealants in the building and construction sector.
Environmental Concerns About Adhesives
Environmental concerns have become a significant factor hampering the growth of the structural adhesives market. Modern adhesives are known for their superior bonding properties compared to traditional joining methods such as welding and riveting. However, some of these adhesives contain hazardous chemicals that can be harmful to the environment, making them less appealing to environmentally conscious consumers.
One of the main concerns with structural adhesives is their impact on air quality. Some adhesives emit volatile organic compounds (VOCs) during the curing process, which can contribute to air pollution. VOCs can also cause health problems for workers who are exposed to them over long periods.
Furthermore, structural adhesives' growing impact on water quality is another factor concerning the environment. Some adhesives contain chemicals that can be toxic to aquatic life if they enter waterways. It can happen if the adhesive is not disposed of properly or used in applications near water sources. To reduce the environmental impact of adhesives, many countries are coming up with stringent regulations that make it difficult for small players to grow in the market against big players.
Segment Analysis
The global adhesives and sealants market is segmented based on product, type, technology, application, and region.
Automotive & Transportation is Likely to Become a Fast Growing Segment
Due to the rising need for lightweight materials and fuel-efficient vehicles, the global market for new types of adhesives in the automotive industry is predicted to expand at a significant rate in the next years. The increasing adoption of electric vehicles is another industry trend. Lightweight materials are necessary for electric vehicle to increase their performance and range. To bind these materials together, structural adhesives are crucial because they provide more strength and durability than conventional mechanical fasteners.
3M is currently developing a new adhesive that is intended to assist car OEMs in improving or even replacing welds, nuts, bolts, and other mechanical fasteners in production processes. In early 2023, DuPont commenced production at a new automotive adhesive manufacturing at Zhangjiagang, Jiangsu Province in East China.
Geographical Penetration
Slowdown in Construction will Challenge Market Growth in Asia-Pacific
China is expected to continue to be the world's largest building and real estate market, supporting regional expansion in the Asia-Pacific. The expansion of the building industry in China was greatly aided by decades of significant Chinese investments in infrastructure projects, a quickly growing urban population, and significant foreign direct investments (FDI) in industrial facilities.
However, China experienced a decline in both residential and non-residential real estate construction in the aftermath of the pandemic. Additionally, Chinese building firms experience a significant increase in production costs as a result of the global rise in the price of construction materials, including metals and wood, but so far have been able to pass these increases on to customers without any repercussions. An ongoing government crackdown on corruption in the real estate sector is also stifling construction activity
Further, the recovery of the building and real estate sectors following the COVID-19 downturn depends critically on government spending on infrastructure. Over the short to medium term, significant expenditures anticipated mainly in India, Vietnam, Thailand, Japan, and other major economies are expected to propel the demand for adhesives and sealants in the region.
COVID-19 Impact Analysis
However, the COVID-19 pandemic significantly impacted the global economy, including the adhesives and sealants market. The pandemic caused disruptions in supply chains and reduced demand for many types of adhesives. The automotive, aerospace, and construction industries were majorly hit by the pandemic, as production of vehicles and aircraft was significantly reduced.
However, despite the challenges posed by the pandemic, the global market is expected to recover in the post-pandemic period. As economies reopened and industries resumed operations, demand for adhesives and sealants is expected to surpass pre-pandemic levels. Other industries, such as construction, papermaking, and electronics, are also expected to drive demand for adhesives and sealants.
Russia-Ukraine War Impact Analysis
The war in Ukraine has created very difficult market conditions for the Russian adhesives and sealants market. The industry has witnessed decreased production, especially as most Western chemical manufacturers left the country. The nationalized assets of these companies were handed to Russian operators. However, the new operators lacked the equipment and spare parts to repair production machinery, leading to frequent work stoppages and supply disruptions.
Russian consumers faced a significant shortfall of many specialist sealants and adhesives, which had to be imported from China. The steep increase in European energy prices caused by the war in Ukraine forced many adhesives and sealant manufacturers to scale back production or relocate entirely. The volatility caused by the war in Ukraine will not impact the market growth over the long term.
By Product
• Adhesive
o Acrylic
o Polyvinyl Alcohol (PVA)
o Polyurethane (PU)
o Styrenic Block
o Epoxy
o Ethylene Vinyl Acetate (EVA)
o Polyisobutylene (PIB)
o Silicones
o Others
• Sealants
o Silicones
o Polyurethanes (PU)
o Acrylic
o Polyvinyl Acetate (PVA)
o Polysulphide
o Ethylene Vinyl Acetate (EVA)
o Other
By Type
• Water-Based
• Solvent-Based
• Hot Melt
• Pressure Sensitive
• Others
By Technology
• One-component Adhesive and Sealant
• Two-component Adhesive and Sealant
• Adhesive and Sealant Tapes
By Application
• Paperboard & Packaging
• Building & Construction
• Automotive & Transportation
• Leather & Footwear
• Aerospace & Defense
• Medical
• Furniture
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe
• South America
o Brazil
o Argentina
o Rest of South America
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• In May 2024, Dow, a U.S.-based multinational chemical company signed a partnership agreement with India’s Glass Wall Systems to provide its DOWSIL façade sealants for the Indian market.
• In May 2024, Bodo Muller Chemie, a German manufacturer of adhesives and sealants, announced the expansion of its sales and distribution network by opening new branches in Thailand and Vietnam.
• In May 2024, BASF SE, the German chemical producer, signed an agreement with Youyi Group, a Chinese manufacturer of adhesive tapes, to supply adhesive materials for tape production.
Competitive Landscape
The major global players in the market include GEM Co., Ltd., Eramet, Li-Cycle Corp, Fortum, Umicore, Redwood Materials Inc., Shenzhen Highpower Technology Co., Ltd., ACE Green Recycling, Inc., Stena Metall AB, and ACCUREC-Recycling GmbH.
Why Purchase the Report?
• To visualize the global adhesives and sealants market segmentation based on product, type, technology, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of pouch tapes market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global adhesives and sealants market report would provide approximately 70 tables, 67 figures, and 206 Pages.
Target Audience 2024
• Automotive Companies
• Paperboard Manufacturing Companies
• Construction Companies
• Industry Investors/Investment Bankers
• Research Professionals