A recent ASI Magazine article cited that the adhesive and sealant market is expected to exceed $40 billion and $9.5 billion respectively by 2023. With high consumption in industries such as packaging and construction, this market continues to innovate in conjunction with each industry.
Let’s take a closer look at five types of adhesives and sealants forecast to be the most dominant over the next few years and why.
- Water-Borne Adhesives
Valued at close to $8.5 billion in 2015, water-borne adhesives are growing in popularity due to their low volatile organic compound (VOC) emissions.
Adhesives with low VOCs, such as water-borne adhesives, are becoming increasingly more important since the Environmental Protection Agency mandated VOC limitations in states throughout the U.S.
- Hot Melt Adhesives
Hot melt adhesives also are appealing to manufacturers given that they don’t require drying and emit low VOCs. This type of adhesive is also forecast to grow significantly through 2023.
Hot melts appeal to manufacturers due to their versatility and speed of bond formation. These adhesive qualities allow them to boost operational efficiencies and have flexibility in part design, both of which are growing in importance to manufacturers as they strive to keep up with production demand.
- Acrylic Adhesives
Acrylic adhesives also offer high adhesion to difficult substrates and fast set times. Like hot melt adhesives, these aspects make them a popular choice for manufacturers. Valued at nearly $5 billion in 2015, acrylic adhesives are also expected to see continued growth.
- Silicone Sealants
Silicone sealants are growingly popular in construction and automotive applications especially. Estimated at over $2 billion in 2015, these sealants appeal to manufacturers for many reasons including their sanitary properties and high resistance to mold and temperature extremes.
- Pressure Sensitive Adhesives
Pressure sensitive adhesives are popular in the tape and label market in particular. With a valuation at over $6.2 billion in 2015, pressure sensitive adhesives offer ease of use and no needed preparation. Manufacturers also like their ability to provide uniform coverage with no additional equipment needed.
Bostik manufactures these five types of adhesives and sealants. With over 125 years of expertise, our company works with customers to ensure our adhesive and sealant formulations meet their needs. For more information, call 800-7-BOSTIK, or visit www.bostik.com/us.