The global waterproof adhesives & sealants market is expected to increase at an impressive rate in the forthcoming years. Adhesives are polymers with an enclosed molecular structure that doesn’t allow penetration between the binding. The primary use of adhesive is to make two surfaces stick together and can’t be separated easily from each other. There are many types of adhesives in the market, and different industries use them for various purposes. Some examples of adhesives & sealants are silicon, butyl, polysulfide, EVA, acrylic, epoxy, and polyurethanes. Waterproof adhesives & sealants play an important role. They are used for door and window assembly, vehicle parts, the HVAC industry, prefabricated houses, construction materials, packaging, the woodwork industry, and other work. According to Statista, the Global market value of adhesives in 2020 is 43.75 billion US dollars and is expected to reach 64.71 billion US dollars in 2027. Hence, globally the demand for adhesives in the market is expected to rise rapidly owing to population and increasing trends.
Automobiles, construction, healthcare, aerospace, logistics, and electronics are the primary growth sectors driving that modern economy. All the sectors, as mentioned earlier, required adhesive in their operations. Therefore, the demand for adhesives in the market is expected to grow globally, and the ever-increasing demand can propel the market growth in the projected year.
Expanding Infrastructure Sector is Boosting the Market Growth
Adhesives & sealants are cement glue, mucilage, and paste, a non-metallic substance used on the surfaces of the components or substances to bind them together and provide durability and water resistance. According to the report published by Statista in 2022, the amounted size of the construction market is 6.4 trillion dollars in 2020 and is expected to reach 14.4 trillion USD in 2030. Thus, the growth in the sector is expected to influence market growth.
Growing manufacturing industries will influence the adhesive market growth. Adhesives & sealant bind the substance at the molecular level, which helps the product to spread the pressure over the surface if any strain is enforced. Due to these properties, Adhesive & sealant is demanded by many sectors to provide the solution for heat resistance, vibration, sealing, and binding. The report published by Statista is projected that the global automotive industry will reach 3.8 trillion US dollars from auto sales by 2030. Thus, rising demand for automobiles will propel the growth of the manufacturing sector. Growing manufacturing industries will increase the adhesive market’s market share.
Additionally, Government initiatives around the world like FTA (Free Trade Agreement) between countries like Mexico, USA, Canada, Europe, Australia, and others countries are impacting the market’s growth. Such an agreement helps industrialists lower the cost of the product and the final cost of the goods. Furthermore, growing packing industries, Construction infrastructure, automotive market, and packaging industries will impact the growth of the adhesive market. All the factors mentioned above led to the growing demand for Waterproof Adhesives & Sealants Market products and are expected to drive the market share development in the region.
Environmental Challenges are Affecting the Growth
For many ongoing technological changes, environmental, health, and safety issues are significant forces driving the changes. In the adhesive market, manufacturers are instructed to produce products that release a lesser quantity of volatile organic compounds (VOC). Many organizations are working on reformulating the product to achieve the desired result. There are different methods found by the researcher, such as reducing petroleum with water-based products, increasing solid compounds, and other methods. Supply chain disturbance, for various reasons, is creating hurdles in growth by its outcome.
Merger and Acquisition to penetrate the market growth
Many firms are signing or collaborating with foreign firms to gain access to new markets and technology. Mergers and acquisition help firms use the expertise of each other firm and earn more revenue without spending extra time and effort. Due to globalization, there is a change in ownership of the firms in some SMEs through acquisitions and mergers. New technologies and innovations such as UV, Silicon, and other product are responsible for market growth.
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Market Segmentation
The Global Waterproof Adhesives & Sealants Market is segmented based on resin type, and end-user industry. Based on resin type, the market is divided into Epoxy, Silicones, Acrylics, Polyurethanes, and Others. Based on end-user industry, the market is divided into electrical & electronics, Construction, healthcare, automotive, packaging, and others, by company.
Market Players
3M Company, Henkel AG, Avery Dennison Corporation, Dow Chemical Company, H.B. Fuller Company, Huntsman Corporation, Sika AG, Mapei Spa, Bostik SA, RPM International, Inc are the key players operating in the Global Waterproof Adhesives & Sealants Market.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · End User Industry· Resin |
| Regional scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; Egypt; Turkey |
| Key companies profiled | 3M Company, Henkel AG, Avery Dennison Corporation, Dow Chemical Company, H.B. Fuller Company, Huntsman Corporation, Sika AG, Mapei Spa, Bostik SA, RPM International, Inc |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, Global Waterproof Adhesives & Sealants Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Waterproof Adhesives & Sealants Market, By resin type:
- Epoxy
- Silicones
- Acrylics
- Polyurethanes
- Others
- Waterproof Adhesives & Sealants Market, By end user industry:
- Building & Construction
- Electrical & Electronics
- Transportation
- Others
- Waterproof Adhesives & Sealants Market, By region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Europe & CIS
- Germany
- France
- United Kingdom
- Spain
- Italy
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- North America
- South Africa
- Saudi Arabia
- UAE
- Egypt
- Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Waterproof Adhesives & Sealants Market.
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Table of Content
Product Overview
- Research Methodology
- Executive Summary
- Impact of COVID-19 on Global Waterproof Adhesives & Sealants Market
- Impact of Russia-Ukraine War on Global Waterproof Adhesives & Sealants Market
- Voice of Customer
- Global Waterproof Adhesives & Sealants Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Resin (Epoxy, Silicones, Acrylics, Polyurethanes, Others)
7.2.2. By End User Industry (Building & Construction, Electrical & Electronics, Transportation, Others)
7.2.3. By Company (2021)
7.2.4. By Region
7.3. Product Market Map
- North America Waterproof Adhesives & Sealants Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Resin
8.2.2. By End User Industry
8.2.3. By Country
8.3. North America: Country Analysis
8.3.1. United States Waterproof Adhesives & Sealants Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value & Volume
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Resin
8.3.1.2.2. By End User Industry
8.3.2. Mexico Waterproof Adhesives & Sealants Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value & Volume
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Resin
8.3.2.2.2. By End User Industry
8.3.3. Canada Waterproof Adhesives & Sealants Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value & Volume
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Resin
8.3.3.2.2. By End User Industry