Adhesives and Sealants Market Projected to Reach $86.6 Billion by 2029

In a report by MarketsandMarkets, the global adhesives and sealants market was valued at $76.1 billion in 2024 and is projected to reach $86.6 billion by 2029, growing at a CAGR of 2.6 percent during the forecast period. The report attributes this growth to increasing demand for bonding dissimilar materials, the replacement of traditional substrates with synthetics, and rising applications in the construction and automotive sectors.

Advancements in adhesive technologies and strong demand across the Asia Pacific region are further propelling the market. Asia Pacific leads in both production and consumption, supported by growing domestic demand, rising income levels, and robust infrastructure development. Countries such as India, Taiwan, Indonesia, Malaysia, Thailand, and Vietnam are expected to drive continued expansion in construction-related applications.

Key drivers include the growth of the building and construction industry and increased investments in emerging Asia Pacific markets. However, the report also notes challenges such as regulatory compliance and environmental restrictions, particularly in North America and Europe.

Access the full report here.