The global adhesives & sealants market size was USD 76.1 billion in 2024 and is projected to reach USD 86.6 billion by 2029, at a CAGR of 2.6% between 2024 and 2029. The demand for adhesives & sealants is increasing due to various factors, such as the need to bond dissimilar materials and the substitution of synthetic substrates for traditional materials.
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The key players following the strategies between 2020 to 2023, Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), Sika AG (Switzerland), Arkema (Bostik) (France), and 3M (US). The companies are majorly following product development, investment & expansion, and innovation as the strategy to grow and expand the market.
Henkel has a globally expansive presence with a diversified portfolio spanning homecare, laundry, cosmetics, and adhesive products. Its operations are organized into four key business segments: adhesive technologies, laundry & home care, beauty care, and corporate. Within the adhesive technologies segment, Henkel leads the global market in adhesives, sealants, and functional coatings, offering a comprehensive range of solutions under five technology cluster brands: LOCTITE, BONDERITE, TECHNOMELT, TEROSON, and AQUENCE, serving consumers, craftsmen, and industrial businesses worldwide.
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BASF SE is a versatile chemical enterprise organized into six distinct business segments: chemicals, materials, Industrial Solutions, surface technologies, Nutrition & Care, Agricultural Solutions, and Others. BASF’s products include a wide range of plastics, fibers, and pigments, used in various industries such as automotive, construction, and consumer goods. The company has a strong presence in Asia and North America, and its Global Business Services division further supports its operations worldwide. BASF is committed to sustainability and innovation, and has set ambitious goals to reduce its carbon footprint and increase its renewable energy usage. The company has a strong customer base and operates in Europe, North America, APAC, South America, Africa, and the Middle East.
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The Asia Pacific region emerges as a key center for adhesives and sealants production and consumption, propelled by increasing domestic demand, rising incomes, and ample resource availability. Notably, the automotive and transportation industry leads in adhesive and sealant consumption. Economic growth, especially in emerging markets such as India, Taiwan, Indonesia, Malaysia, Thailand, and Vietnam, drives infrastructure development, further boosting demand in the building and construction sector.
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