The global adhesives & sealants market is estimated to reach $63.50 billion by 2021 as compared to $49.50 billion in 2016, witnessing a CAGR of 5.11% from 2016 to 2021, according to a recent market report titled “Adhesives & Sealants Market by Technology (Water-based, Solvent-based, Hot-Melt, Reactive), Chemistry Type (PAE, PVA, VAE, EVA, SBS, Synthetic Rubber, Polyamide, Polyurethane, Epoxy, Cyanoacrylate), Application, and Region - Global Forecasts to 2021” from Markets and Markets. Adhesives & sealants are versatile products widely applied in various industrial sectors. Opportunities for these products continue to grow, as producers seek new and high performance materials to bond dissimilar materials. Adhesives are utilized in various applications, owing to the ability to bond dissimilar substrates, resist vibration, and distribute stresses over a wide area. The demand for environmental benefits such as reduced volatile organic compound (VOC) and aesthetic bonding solutions for various substrates are anticipated to further drive the growth of the global adhesives & sealants market. The global adhesives & sealants market is mainly segmented into paper & packaging, construction, transportation, woodworking, consumer products, and others, in terms of application. Paper & packaging was the largest application segment of the adhesives & sealants market in 2015. The growth of the segment is projected to be propelled by the rise in demand from the consumer goods sector and the growing population resulting in a large end user base. In terms of region, the global adhesives & sealants market is segmented into Asia-Pacific, North America, Europe, Middle East & Africa, and South America. Asia-Pacific is the largest consumer of adhesives & sealants and the market in the region is likely to witness the highest growth in the coming years. Countries such as China, Japan, and India are major market in the Asia-Pacific adhesives & sealants market. China is expected to be the largest segment of the market in terms of consumption. The North America and the Europe regions are the most active markets in terms of strategic initiatives by players operational in the market. However, stringent regulations may restrict the growth of the adhesives & sealants market in Europe. With the increase in environmental concerns and various regulatory policies, producers are focusing on the development of eco-friendly products. Key players in the global adhesives and sealants market include Henkel AG & Company (Germany), 3M Company (U.S.), Bostik Ltd. (France), H.B. Fuller (U.S.), Illinois Tool Works Inc. (U.S.), Avery Dennison (U.S.), Sika AG (Switzerland), Franklin International (U.S.), RPM International Inc. (U.S.), and Royal Adhesives & Sealants, LLC (U.S.).