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The global adhesives and sealants market size stood at USD 62.63 billion in 2021. The market could surge from USD 65.38 billion in 2022 to USD 92.29 billion by 2029 at a 5.0% CAGR during the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “Adhesives and Sealants Market, 2022-2029.” According to an analysis, adhesives, and sealants have become sought-after across the automotive, construction, and consumer sectors. Leading companies could invest in advanced technologies to boost their portfolios. To illustrate, in May 2020, Creative Materials, Inc. rolled out a new gold conductive ink adhesive, 128-24, that reportedly provides high effectiveness with less gold. Information Source - https://www.fortunebusinessinsights.com/industry-reports/adhesives-and-sealants-market-101715 Segments Water-based Adhesives to Gain Ground with Soaring Demand from Packaging With respect to adhesive technology, the market is segmented into solvent-based, water-based, reactive, hot-melt, and others. The water-based adhesives segment could account for a considerable share of the global market due to the rising demand from the paper, packaging, and plastic sectors. Silicone Sealant to Remain Dominant Due to Water Resistance & Flexibility Properties In terms of sealant resin, the market is segregated into polyurethane, silicone, polysulfide, emulsion, and others. The silicone segment could account for the largest share of the global market on the back of tremendous water resistance properties. Moreover, the rising demand from the construction sector will encourage investments globally. Paper & Packaging to be Sought-after Due to Surging Demand for Packaged Food On the basis of the adhesive end-use industry, the market is classified into woodworking, building & construction, paper & packaging, consumer/DIY, leather & footwear, automotive & transportation, and others. The paper & packaging segment could garner the largest share on the back of soaring demand for packaged food. Building & Construction to Gain Impetus with Expanding Applications in Ceiling and Flooring With regards to the sealant end-use industry, the market is divided into automotive & transportation, building & construction, consumer, and others. The building & construction segment will grow with rising applications in ceiling and flooring. Report Coverage The report offers a comprehensive perspective of the market size, share, revenue, and volume. It has deep-dived into SWOT analysis. Quantitative and qualitative assessments have provided a holistic view of the market. The primary interviews validate assumptions, findings, and prevailing business scenarios. The report also includes secondary resources such as annual reports, press releases, white papers, and journals. Drivers and Restraints Burgeoning Urbanization and Rising R&D Activities to Drive Innovations The adhesives and sealants market share will be pronounced during the forecast period, largely due to exponential growth in population and urbanization. Asia Pacific could provide promising growth opportunities following the expansion of R&D activities and localized production. Besides, the U.S. market could gain traction from the growth of housing sectors, urbanization, and robust policies. Prominently, the trend for electronic devices, including smartphones, electronic components, and laptops will augur well for the business outlook. Meanwhile, the use of an increased amount of chemicals in the adhesives and sealants production could impede the industry growth.

North America adhesives and sealants market size is expected to gain momentum by reaching USD 19.35 billion by 2028 while exhibiting a CAGR of 4.2 % between 2021 to 2028. In its report titled "North America Adhesives and Sealants Market, 2021-2028," Fortune Business Insights mentions that the market stood at USD 14.00 billion in 2020. Information Source - https://www.fortunebusinessinsights.com/north-america-adhesives-and-sealants-market-105576 The availability of sustainable and greener adhesives positively promotes its market since it is safe for people's health and the environment. The increasing consumption of such products reduces the carbon footprint and contributes to the overall sustainability in different packaging applications, such as bottle labeling, paper lamination, and carton sealing. Moreover, water-based adhesives, such as animal glue and LD Davis, are extremely safe for food packaging. These water-based adhesives are made of gelatins that are used in the pharma industry to make capsules. Thus, the market is expected to rise during the foreseeable years. Market Segmentation: By the adhesive technology, the market is divided into the water-based, solvent-based, hot melt, and reactive. By application, the market is segmented into paper packaging, building & construction, woodworking, consumer/DIY, automotive & transportation, leather and footwear, and others. Based on application, the paper packaging segment held a major market share as adhesives play a major role in packaging applications. It is needed to manufacture books, and toilet roils magazines, tissues, and many other such products. Additionally, adhesives are used to manufacture rigid packs from carton board, sticking labels on packaging boxes. All this is extensively used in almost all industries to ship their products. Lastly, based on region, the market is divided into the U.S. and Canada. What does the Report Provide? The market report for North America adhesives and sealants provides a detailed analysis of several factors, such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth. Driving Factor Rising Automotive Sector to Drive Market Growth The rising disposable income has increased the demand for passenger cars, which positively promotes adhesives and sealants market growth as car manufacturers use sealants to protect the vehicle's surface and provide a glossy effect. Moreover, the use of adhesives in the construction sector is also promoting the market growth. Such adhesives are required in wide applications such as fixing roof tiles, adhering to ceramic tiles, and drywall laminations. Additionally, the growing demand for wood houses and flooring in the U.S and its use in nonstructural and structural bonding is fueling the market growth. On the contrary, some adhesives are considered dangerous as they are volatile. The U.S. Environmental Protection Agency (EPA) reported that prolonged exposure to a high VOC concentration causes nose and eye irritation, headache, breathing difficulties, and long-term damage to the kidney and liver.