Freedonia Group Predicts Adhesives and Sealants Market to Reach $81 Billion by 2025
The Freedonia Group has released Global Adhesives & Sealants, a report detailing the market’s increasing focus on sustainability, the strong potential in the Asia/Pacific region, and the opportunities in the water-based, reactive, and hot melt segments. According to the report, the Freedonia Group projects the global demand for adhesives and sealants to grow 3.4% per year to 24.7 million metric tons, valued at $81 billion in 2025. The gains will reportedly be supported by: rising construction activity and infrastructure investment in developing countries, boosted in the short term by rebounds from losses seen during the COVID-19 pandemic; an increase in manufacturing output, most notably of transportation equipment, and ongoing increases in manufacturing activity of consumer goods in emerging economies; and the continuing transition in manufacturing, assembly, and construction from mechanical fasteners to adhesive bonding.
The Freedonia Group projects the Asia/Pacific region to account for over 70% of global volume demand growth between 2020 and 2025. According to the report, expanding manufacturing output will fuel sales gains across a number of major markets in the region, boosting adhesives and sealants use in packaging, tapes and labels, motor vehicles, electronics, and footwear, among other applications.