- The market's growth is driven by its extensive use in assembling materials like glass, metal, and rubber during automobile manufacturing and construction projects.
- The increasing demand for high-performance sealants in lightweight vehicle production contributes to economic efficiency and reduces reliance on traditional materials such as metals and plastics.
- Asia Pacific is the leading consumer, accounting for 41.3% of the global market share in 2023, propelled by rising consumption in building and construction across countries like China, India, and Indonesia.
- North America and Europe are experiencing steady growth due to increased building activities and automotive production, respectively.
- Water-Based Adhesives dominated the market with a 31.7% share in 2023. Their versatility and environmental benefits make them suitable for various applications across industries.
- Reactive & Other technologies are expected to witness growth at a CAGR of 8.9%, driven by their advanced bonding capabilities.
