Avery Dennison Corp.-Company profile, Business Overview, Financial Performance, Operating Segments, Strategic Moves, and Competitive Intelligence Report

An adhesive is a chemical mixture that joins two surfaces together to frame a single unit, whereas a sealant is a semi-solid material which is used for prevention of fluid leakage. Adhesives & sealants are formulated with similar chemicals and technologies, and are used in a related range of applications. Although they are considered as a single industry, their performance is distinct across end applications. Regulatory bodies have different specifications and test methods for each of them. Adhesives have high shear and tensile strength, which makes the material preferable for holding- and bonding-related applications. On the other hand, sealants fill gaps and resist relative movement of substrates. They are generally lower in strength than adhesives, but have better flexibility. The global adhesives & sealants market is projected to reach $66,876 million by 2022, with a CAGR of 3.7% from 2016 to 2022.