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Adhesive Market to Reach US$ 112.29 Billion by 2034 with a 5% CAGR

04-12-2024 11:40 PM CET | Chemicals & Materials

Press release from: Fact.MR

Adhesive Market to Reach US$ 112.29 Billion by 2034 with a 5% CAGR

The global adhesive market (接着剤市場) is expected to grow steadily at a CAGR of 5% from 2024 to 2034, driven by the increasing demand for efficient and high-performance adhesives in industries like automotive and construction. In 2024, the market is estimated to be worth US$ 68.94 billion, with a projected value of US$ 112.29 billion by the end of 2034. The global adhesive market is experiencing steady growth and is projected to continue expanding in the coming years. Adhesives are essential in various industries such as automotive, construction, packaging, and electronics, driving the demand for innovative and high-performance adhesive solutions.

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Market Dynamics:

The market dynamics of the adhesive industry are influenced by several factors, including technological advancements, increasing demand from end-user industries, and the shift towards sustainable and eco-friendly adhesive solutions. The growth of lightweight vehicles in the automotive sector, the rise in construction activities, and the increasing adoption of adhesives in the electronics industry are some of the key drivers propelling the market growth.

Market Future Outlook:

The future outlook for the adhesive market (접착제 시장) looks promising, with a projected compound annual growth rate (CAGR) of around 5% from 2021 to 2026. The market is expected to witness significant growth in Asia-Pacific, driven by the rapid industrialization, urbanization, and infrastructural developments in countries like China, India, and Japan.

Market Insights:

The adhesive market is segmented based on resin type, technology, application, and region. Acrylic, epoxy, polyurethane, and silicone are some of the commonly used resin types in adhesives. The water-based technology segment is witnessing substantial growth due to its eco-friendly nature and low volatile organic compound (VOC) emissions. The packaging and construction sectors are the major application areas for adhesives, followed by automotive, electronics, and healthcare industries.

Key Players:

H.B. Fuller Company
3M
Wacker Chemie AG
Arkema S.A.
Sika AG
Henkel Corporation
Ashland Inc.
RPM International Inc.
Avery Dennison
PPG Industries
BASF SE
Evonik Industries

Competitive Landscape:

Key players in the market are focusing on research and development to meet the needs of industries adopting adhesives. Global companies are engaged in developing new products, strengthening supply chains, and ensuring product quality.

For example:

In January 2020, GE Sealants & Adhesives introduced a new line of caulks and sealants designed to protect paints used in both interior and exterior home renovations, including applications in bathrooms, kitchens, doors, windows, and general painting and sealing.

Bostik, a leading specialist in adhesives for industrial, construction, and consumer markets, launched innovative modified silicone sealants for back bedding applications in September 2019.

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Segmentation of Adhesive Market (marché des adhésifs) Research

By Type :
Water-based
Solvent-based
Hot Melt
Reactive
Pressure Sensitive Adhesives (PSA)

By Application :
Packaging
Building/Construction
Transportation
Footwear & Leather Goods
Product Assembly
Consumer/DIY Applications

By Product :
Acrylics-based
Epoxy-based
Polyvinyl Acetate (PVA)-based
Polyurethane (PU)-based
Styrenic Blook-based

By Region :
North America
Europe
East Asia
Latin America
Middle East & Africa
South Asia & Oceania

Contact:

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Suite 400 Rockville, MD 20852

United States Tel: +1 (628) 251-1583, +353-1-4434-232 (D)

Sales Team: sales@factmr.com

About Fact.MR :

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

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