Global Adhesives Market Size 2024, Forecast To 2033
11 Mar, 2024
The adhesives market size has demonstrated robust growth, ascending from $84.6 billion in 2023 to $92.58 billion in 2024, achieving a substantial CAGR of 9.4%. The historic period's growth can be ascribed to strong economic growth in end-user markets, emerging markets, rapid technological development, and increased residential construction activity. Looking forward, the market is poised for strong growth, reaching $130.87 billion in 2028 with a CAGR of 9.0%. Contributing factors include demand from the automobile industry, increased demand for adhesives in the building and construction industry, rapid urbanization, and rising demand from the packaging industry. Key trends in the forecast period encompass automation and instrumentation solutions, the adoption of 3D vision systems, investments in rapid curing of adhesives, implementation of e-beam technology, a focus on developing innovative products, and consideration of IoT technologies.
Global Adhesives Market Key Driver
Technological advancements played a pivotal role in driving the global economy during the historic period, significantly impacting industries like adhesives. The adhesives industry, incorporating technologies such as hot melts, reactive acrylics, and UV systems, witnessed increased popularity due to their safety and energy efficiency. The adoption of adhesives over mechanical fastening systems, attributed to superior performance and cost-effectiveness, contributed to the growth of the adhesives market during the historic period. This technological trend is expected to continue shaping the market, resulting in substantial growth from $X billion in 2023 to $Y billion in 2024 and further expanding to $Z billion by 2028.
Get A Free Sample Of The Global Adhesives Market ReportGlobal Adhesives Market Segments
The adhesives market covered in this report is segmented –
1) By Adhesive Type: Structural, Tapes And Films, Threadlocks And Retainers, Liquid Gaskets, Automotive Adhesives
2) By Vehicle Type: Passenger Cars, LCVs, Trucks, Buses, Aftermarket
3) By Resin Type: Polyurethane, Epoxy, Acrylics, Silicone, SMP, MMA, Other Resin Types
4) By Application: BIW, Glazing, Powertrain, Paint Shops, Upholstery
By Geography:The regions covered in the adhesives market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
Asia-Pacific was the largest region in the adhesives market in 2023. North America was the second-largest region in The adhesives market. The regions covered in the adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Adhesives Industry Players
Henkel & Co. KGaA, 3M Company, Arkema, Sika AG, H.B. Fuller, Illinois Tool Works Inc, PPG Industries, Dow Inc., Avery Dennison, Huntsman, Benson Polymers Limited, Acme Corp, Chadha Corporation Pvt. Ltd, Adfast Polymers, Proten Exim Private Limited, Hunan Magpow Adhesive Group Co., Ltd, Wuhan Boli Chemical Ltd, Zibo Chico International Co., Ltd, Tengxin Chuzhou New Material Co., Ltd, Megabond (Huangshan) Adhesive Co., Ltd, Shanghai Hansi Industrial Co., Ltd, Beijing Comens New Materials Co., Ltd, Japan Sika Corporation, Afinitica, ITAC Adhesives, Bostik UK, Antala Ltd, tesa SE, NPT SRL, Permabond, Grupa Azoty Zaklady Chemiczne Police S.A, MD Poland, RUSTA LLC, Russian Coatings JSC, LIKK, Alloy Products, Amazing Goop, AssureCure, Bondmaster, Camie, Chem-Calk, Chemseal, Chipbonder, ConProTec, Conap, Conapoxy, Cytec, Devcon, Double/Bubble, Dymax, Dynaloy, E-Max, Eccobond, Eclectic, EconoDot, Elastoplastic, Ellsworth, Emerson & Cuming, Epoxi-Patch, FISHMAN, Oasn Me Ltd, Amazonas Industria E Comercio Ltd, Hotmelt Adhesives, Fixa Tudo, Jowat SE
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Adhesives Market Overview
The adhesives refer to products such as glues, and caulking compounds that are used to bind surfaces of two separate items. The adhesives include properties such as abrasion resistant, creep and fatigue resistant, dimensionally stable, flexible and toughened, low shrinkage, and hardness.
Adhesives Global Market Report 2023 provides data on the global adhesives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The adhesives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.