The global adhesives & sealants market is witnessing growth and is projected to reach USD 102,604.3 million by 2030. This development of the industry can be credited to the increasing product application in the building and automotive sectors. Additionally, the growing need for such materials from the packing sector, armed with the increasing car safety standards and guidelines, is driving the market.

The development of bio-based adhesives and sealants is projected to generate huge opportunities for the companies working in the industry. because of the increasing ecological worries, companies are emerging bio-based items to swap chemical-based items. Moreover, in order to advance sustainability efforts without affecting performance, businesses are emerging progressive technologies for such bio-based products.

In recent years, among all technologies, water-borne adhesives help the largest share, of above 50%, in the adhesives industry. Water-borne adhesives, also called water-based adhesives, are made by combining additives, water, and polymers.

They are appropriate for both non-porous and porous materials. They are used in the making of an extensive variety of products, such as packaging, books, medical tapes, and home appliances. As they are low on VOCs, they are eco-friendly. Furthermore, they have outstanding heat resistance, high tack, and considerable water resistance.

The utilization of adhesives in healthcare applications is set to advance at the highest CAGR, of approximately 6%, during the projection period. Medicinal-grade adhesives are utilized to bond items like tube connectors, catheters, blood bags, plastic enclosures, syringes, and dialysis filters. Such medicinal items are typically formed from a range of synthetic resources, such as tough-to-bond plastics, like PP, PEEK, and PE.

During the projection period. the silicone category is projected to generate the largest revenue share, more than 40%. This growth of the category can be credited to the capability of silicone adhesives and sealants to endure low and high temperatures, low chemical reactivity, insulating abilities, strong thermal stability and high durability, and water repulsion.

In recent years, the APAC region dominated the global adhesives market with a majority revenue share, credited to the fast economic development, growing infrastructure expenditure, increasing buying power and shifting adhesive & sealant manufacturing from advanced regions to the APAC region.

Additionally, the product need in APAC is projected to surge at the highest rate worldwide during the projection period. due to their thriving automotive industry and growing customer populaces, India and China are witnessing a substantial surge in the utilization of adhesives in the packaging, automotive, and healthcare industries.

Packing applications are responsible for the highest usage of such materials because of the high need for them in the personal care, food & beverage, e-commerce, and consumer goods industries.