November 7, 2024 2:50 PM
The adhesives and sealants market is critical to numerous industries, including construction, automotive, aerospace, packaging, and electronics. These products are essential for bonding, sealing, and protecting materials, which is crucial in product durability and performance. As industries evolve and technology advances, the adhesives and sealants market continues to grow, driven by increasing demand for high-performance materials and sustainable solutions.
According to a report available from research firm Growth Market Reports, the global adhesives and sealants market size was $60.78 billion in 2022 and is likely to reach $94.27 billion by 2031, expanding at a compound annual growth rate (CAGR) of 5.1% during the forecast period of 2023 to 2031. The market growth is attributed to the rising demand for adhesives and sealants in various industries such as construction, automotive, furniture, and packaging.
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