Research Overview

This study analyzes the transformative Mega Trends, disruptive technologies, and industry convergence scenarios that are expected to impact the coatings, adhesives and sealants, and elastomers (C.A.S.E.) market in 2022. While supply chain disruption and spikes in raw material prices remain crucial challenges for stakeholders across the value chain, robust growth in certain end applications and faster recovery from the impact of COVID-19 pandemic in other end applications present growth prospects for these products.

In line with growth in end application segments, C.A.S.E. markets have experienced a V-shaped recovery after a decline in 2020. Following double-digit growth in 2021, Frost & Sullivan expects C.A.S.E. markets to gradually stabilize in 2022. Before the COVID-19 pandemic, the global C.A.S.E. market had been growing at an average year-over-year rate of 5% since 2018. However, the spread of the virus worldwide since early 2020 significantly affected the total C.A.S.E. market because of country-wide lockdown measures and subsequent temporary closures of manufacturing, logistics, and sales activities.

As a result, the market registered a 4.5% decline in 2020, largely based on disruptions in the automotive, energy, and industrial end-use segments. However, the market quickly recovered in 2021, with the V-shaped growth curve attributed to demand from building and construction, paper and packaging, and renewable energy applications. Further recovery in the automotive, electrical and electronics, and industrial markets is likely to keep growth high in 2022.