Adhesives & Sealants Industry Top Stories

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Not surprisingly, the global economic recovery is continuing more quickly in regions where COVID-19 is under control and vaccinations have been widely rolled out. After an estimated contraction of 3.3% in 2020, the global economy is projected to grow at 6% in 2021, moderating to 4.4% in 2022, according to the International Monetary Fund (IMF).

In the growing market for consumer electronics, manufacturers are looking for new aesthetic and functional solutions. It’s no longer just about trendy shapes and bright colors: consumers have discovered a preference for velvety-soft products with luxurious matte surfaces.

Modern design trends, tight cost estimates, sustainability, and innovation—today’s adhesives and sealants industry faces several challenges. These trends will undoubtedly redefine the future of the global adhesives market, which is estimated to exceed a value of $64.7 billion by 2027. But how?

The wearable medical device market is growing rapidly, driven by demand for innovative products that offer personalized care such as activity monitoring, point-of-care diagnostics, and dispensing (insulin, medications, electrolytes, etc.). These devices are quickly becoming a valuable part of many care plans, as they lessen the patient’s time in medical facilities—which has been critically important throughout the COVID-19 pandemic—and reduce healthcare costs.

Welcome to the 2021 ASI Top 20! Every year, we explore the leading worldwide manufacturers of adhesives and sealants to compile this list. In considering the rankings, we focus on sales figures (and other details) for finished adhesives and sealants, as well as related products such as tapes.

I recently reached out to key industry players—ranging from raw materials suppliers to manufacturers of finished adhesives and sealants—to get their takes on factors ranging from supply chain volatility and sustainability initiatives to research and development efforts.

Silicone sealants offer excellent chemical and thermal stability while also providing energy savings, which helps in lowering greenhouse gas emissions. The global silicone sealants market is projected to register a CAGR of 4.2% from 2019-2027, according to a report from Trends Market Research.