COVID-19 Impact on Adhesives & Sealants Market Industry

Updated on : March 2, 2023 - Post COVID-19, the global adhesives & sealants market size is projected to reach USD 66.8 billion in 2021 from USD 63.5 billion in 2019, growing at a CARG of 2.6%, between 2019-2021. The growth of the medical devices, & personal protective equipment market, personal hygiene products, and the increasing use of single-use disposable medical products are expected to impact the demand for medical & hygiene adhesives positively.

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Browse?71 market data Tables and?14 Figures spread through?101 Pages and in-depth TOC on "COVID-19 Impact on Adhesives & Sealants Market by Resin Type (Emulsion, Polyurethane, Epoxy, EVA, Silicone), Application (Paper & Packaging, Building & Construction, Woodworking, Medical & Hygiene, Automotive & Transportation) - Global Forecast"

The key players in the global adhesives & sealants market are Henkel (Germany), H.B. Fuller (US), Sika (Switzerland), Arkema (France), Huntsman Corporation (US), 3M Company (US), Ethicon, Inc. (Johnson & Johnson Services) (US), Illinois Tool Works Inc. (US), Avery Dennison Corporation (US), DowDuPont Inc. (US), Wacker Chemie Ag (Germany), RPM International Inc. (US), Baxter International Inc. (US), Akzo Nobel N.V. (Netherlands), and PPG Industries (US). Lord Corporation (US), Adhesives Research Inc. (US), Delo Industrie Lebstoffe GMBH &Co. KGAA (Germany), DYMAX Corporation (US), Mapei Corporation (Italy), Meridian Adhesives Group (US), Master Bond Inc. (US), Soudal Group (Belgium), Pidilite Industries (India), Jowat SE (Germany), Franklin International (US), and Ashland Inc. (US). These players have adopted various strategies, such asmerger & acquisitionand investment & expansion between 2016 and 2019, to enhance their market shares and expand their global presence.

Ethicon, Inc. (Johnson & Johnson Services) (US) is a global surgical product company engaged in the manufacturing and development of products catering to areas of wound management, plastic surgery, bleeding management, hernia management, catheter infection control, and women’s health. The company operates through three business units, namely, consumer, medical devices, and pharmaceutical. It conducts business in 52 countries; however, priority markets are the US, the UK, Brazil, China, France, Germany, India, and Switzerland, among others.The company manufactures medical adhesives under the medical devices segment and markets them under brands, Dermabond and Vistaseal.Ethicon’s strength is built on various factors, such as formulating technology, strategic raw material sourcing, and its global network of operations in over 50 countries. The company, in conjunction with its parent company, Johnson & Johnson, aims to increase its presence in emerging countries such as India, Brazil, and Indonesia. In December 2019, Ethicon launched a new sealant named VISTASEAL. This sealant can be used in hemostasis to manage bleeding during surgery. It is a first-of-a-kind fibrin sealant designed to be sprayed without gas in open as well as minimally invasive procedures. It comes in pre-filled syringes.

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Henkel (Germany) is engaged in consumer and industrial businesses. The company operates through various segments, including adhesive technologies (adhesives, sealants, and surface treatments for consumer and industrial purposes); laundry & home care (household cleaning products, such as laundry detergent and dishwashing liquid), beauty care (beauty & oral care products, such as shampoos, toothpaste, hair colorants, and shower products), and corporate. The adhesive technologies segment of the company is a leader in the adhesives market across various end-use industries, globally. Moreover, the company manufactures medical adhesives under this segment and markets them under the brand name Loctite. Henkel has operations in North America, Latin America, APAC, Europe, the Middle East, and Africa. The company focuses on R&D and investment to maintain its leading position in the adhesives business.In June 2019, Henkel introduced a new product named Loctite Liofol LA 2798. It can be used in various applications, including pet food, medical applications, and convenience products (fatty foodstuffs, oil fatty acids, and alcoholic contents).

The global adhesives & sealants market size is projected to grow from an estimated value of USD 63.5billion in 2019 to USD 66.8 billion by 2021, at a CAGR of 2.6%, between 2019 and 2021.?The market has been segmented based on resin type, application, and region.Fueled by continued growth in the medical and personal hygiene market to meet the demand of the aging population, research in adhesives for medical applications is generating new products with enhanced functionality, higher purity, and unique properties.

Based on the resin type, the EVA adhesives market is expected to witness the highest growth during the forecast period. EVA adhesives have better adhesion to a wide variety of substrates and better retention of properties at a lower temperature than polyethylene adhesives. These copolymer systems set quickly, require no cure or fusing for water or solvent removal, and require relatively less equipment, operating, and material costs. These adhesives are more susceptible to cold flow and solvent attack than polyethylene or polyamide adhesives.

Based on the application, the medical & hygiene segment of the adhesives market is expected to grow at the highest CAGR between 2019 and 2021. There is a growing demand for adhesives for the bonding of medical supplies and equipment, such as ventilators, masks, and personal protection equipment. An increase in demand for these products across the globe, in turn, is propelling the demand for Adhesives & sealants.

The adhesives & sealants market in the APAC region is projected to grow at the highest CAGR during the forecast period, in terms of both value and volume. APAC is the largest consumer of adhesives & sealants. Increasing population and technological advancements in the medical & hygiene and packaging industries are expected to fuel the growth of the adhesives &sealants industry in the region. China, Japan, and India are the major countries in the APAC adhesives & sealants market. The market is witnessing high growthin the USandEuropeowing to the increasing demand for medical infrastructure across the globe, which, in turn, is propelling the demand for adhesives & sealants.?