How Will the Adhesives and Sealants Market Reach $87.2 Billion by 2031?

The global Adhesives and Sealants Market is set to grow at a CAGR of 3.8% from 2024 to 2031, reaching $87.2 billion by the end of the forecast period. This growth can largely be attributed to the increased demand in the building & construction and healthcare industries, where adhesives and sealants are essential for various applications. However, fluctuations in the cost of raw materials present a significant challenge, potentially hindering growth.

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New opportunities are emerging, especially in developing economies, where investments in construction and packaging are on the rise. Strict process controls in adhesive production remain a challenge for companies looking to scale and innovate.

Key Product Segments
The market is split into two major segments: adhesives and sealants. Adhesives are expected to dominate in 2024, accounting for 80% of the market. The increasing use of adhesives in the paper & packaging sector, along with growing healthcare applications, is driving this dominance. Adhesives are widely recognized for their versatility, strength, durability, and ability to provide superior bonding.

Leading companies, like H.B. Fuller, are pushing the boundaries of innovation in adhesive technologies. In early 2023, they introduced a new bio-compatible adhesive for medical use, designed to perform effectively under high-temperature conditions, adding to their already strong portfolio of adhesive products.