The value of the adhesives & sealants market was USD 66,649.9 million in 2021. It is powering at a rate of 4.9% in the years to come, to reach to USD 102,604.3 million by 2030, according to a market research firm P&S Intelligence.
This is majorly because of the increasing use of the product in the construction and automotive sectors. Furthermore, the growing requirement for these materials from the packaging sector, together with the increasing vehicle safety standards, are boosting the industry.
Amongst all technologies, water-borne adhesives had the largest share, of over 50%, in the recent past. They are also called water-based adhesives, and are formed by combining polymers, water, and additives. They are appropriate for both porous and non-porous resources.
They are used in manufacturing of a variety of products, such as books, medical tapes, home appliances, and packaging. Since they are low on VOCs, they are environment-friendly. Furthermore, they have exceptional high tack, heat resistance, and considerable water resistance.
The usage of adhesives in healthcare applications will grow at the highest rate, of around 6%, in the years to come. Medical-grade adhesives are put to use for bonding products for example catheters, plastic enclosures, needles, dialysis filters, syringes, blood bags, and tube connectors.
These medical products are characteristically produced from a lot of synthetic materials, such as tough-to-bond plastics, for instance PE, PEEK, and PP.
The silicone category will hold the largest share of revenue, over 40%, in the adhesives and sealants market in 2030. This ascendency has a lot to do with the aptitude of these adhesives and sealants to endure high and low temperatures, insulating potentials, high sturdiness, strong thermal stability, water repulsion, and low chemical reactivity.
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