Adhesives and Sealants Market Is High In Demand

The demand for adhesives and sealants by end-use industries that includes packaging, electrical and electronics, industrial machinery, and metal and glass processing, is inflating globally, says a study by Frost & Sullivan. The global adhesives and sealants market is estimated to gain $21.52 billion in revenue from $14.43 billion in 2020, an annual growth rate of six per cent. However, supply chain disruptions due to COVID-19 caused a market decline in 2020. Nonetheless, eCommerce growth, fast-moving consumer goods, packaged food and beverages, medical packaging, and electronics will drive the market up in 2021, says the study.