2024 Chemical Research Review Highlights Expanding Markets in Coatings, Adhesives, and Automation

"Technological Advancements, Eco-Friendly Innovations, and Automation Trends Reshape the Global Chemical Industry as Demand Surges Across Coatings, Adhesives, and Precision Application Systems in Construction, Automotive, and Manufacturing Sectors"

BOSTON, June 23, 2025 /PRNewswire/ -- BCC Research announces the release of its "2024 Chemical Research Review," offering a comprehensive look at the sweeping changes transforming the global chemical industry. This review explores how cutting-edge technologies, sustainability-focused strategies, and growing cross-sector demand are reshaping the industry's future. With strong growth forecast in key areas, including paints and coatings, adhesives and sealants, and adhesive application equipment, the chemical sector is on track for significant expansion through 2029.

Key Highlights:

• Global Markets and Advanced Technologies for Paints and Coatings:
  • The market is projected to grow from $203.8 billion in 2024 to $263.2 billion by the end of 2029.
  • Compound Annual Growth Rate (CAGR): 5.2%.
    
    
• Global Markets for Adhesives & Sealants or Joining and Fastening:
  • The market is projected to grow from $66.1 billion in 2024 to $81.6 billion by the end of 2029.
  • CAGR: 4.3%.
    
    
• Adhesives and Adhesive-Applying Equipment: Technologies and Global Markets:
  • The market is projected to grow from $72.1 billion in 2024 to $89.9 billion by the end of 2029.
  • CAGR: 4.5%.

Research Coverage and Insights:

This Research Review focuses on the evolution of the global chemicals industry, highlighting of the key growth areas of paints and coatings, adhesives and sealants, and adhesive application equipment as the sector adapts to innovation, regulation, and sustainability.

Key Insights:

1. Strategic Role in Manufacturing: The chemical industry supports a wide range of applications, including construction, automotive, aerospace, healthcare, and consumer goods, making it a cornerstone of global industrial activity.
   
   
2. Sustainability and Innovation: Increasing demand for low-emission coatings, bio-based resins, and circular economy practices is reshaping market dynamics. Automation and digitalization are also enhancing production efficiency and reducing waste.