Plastic Adhesives Global Market Report 2024 by The Business Research Company | H.B. Fuller Company, Henkel Corporation, 3M Company, Permabond LLC, Sika AG, Dowdupont Inc., Parker Hannifin Corp., Master Bond Inc., Huntsman International LLC, Arkema SA,

The plastic adhesives market size has grown strongly in recent years. It will grow from $7.96 billion in 2023 to $8.68 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to growth in the automotive and aerospace industries, demand for lightweight and high-performance bonding, expansion of the construction and packaging sectors, development of advanced adhesive formulations, increase in electronic and medical device assembly..

The plastic adhesives market size is expected to see strong growth in the next few years. It will grow to $12.28 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to sustainable and low-voc adhesive solutions, growth in electric vehicle production, customized adhesive formulations for specific plastics, demand for high-temperature and impact-resistant adhesives, expansion in renewable energy applications.. Major trends in the forecast period include bio-based and biodegradable plastic adhesives, regulatory compliance in adhesive safety, smart adhesives with self-healing properties, nanotechnology-enhanced plastic adhesives, adhesive solutions for circular economy practices.

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Plastic Adhesives Market Major Segments
The plastic adhesives market covered in this report is segmented -

1) By Resin Type: Epoxy, Polyurethane, Acrylic, Silicone, MMA, Cyanoacrylate, Other Resin Types
2) By Technology: Solvent-based, Water-based
3) By End-user: Automotive, Building and Construction, Electrical and Electronics, Medical, Packaging, Other End-Users

Key Driver - Growing Construction Industry And Rapid Urbanization To Drive Demand For Plastic Adhesives Market

Increasing demand for plastic adhesives from the construction sector coupled with the growth of the construction industry is anticipated to boost the demand for plastic adhesives market over the forecast period. In the construction sector, adhesives are used in adhesion of ceramic tiles, carpet laying, manufactured housing and prefabricated housing, fixing of vinyl or resilient flooring, pre-finished panels, fixing roof titles or systems, fixing floor or drywall lamination, and other applications. Economic growth and a rapidly growing urban population is expected to increase the demand for new residential and commercial buildings during the forecast period, thus increase the demand for adhesives. Large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam and the Philippines which are becoming increasingly popular for export-oriented manufacturing. According to the World Bank, urban population in South Asia is expected to grow by 250 million by 2030. According to a report by PwC, around 60% of the world population is expected to live in cities by 2030. This rapid urbanization is expected to boost the demand for infrastructure and drive the adhesives market going forward.

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Prominent Trend - Henkel Takes The Lead In Sustainable Packaging With Plastic-Free Blister Packaging

Major companies operating in the plastic adhesives market are developing innovative products, such as plastic-free blister packaging, for their consumer adhesives portfolio worldwide. For instance, in June 2022, Henkel, a Germany-based chemical and consumer goods company, revealed plans to launch plastic-free blister packaging. Henkel will expand sustainable packaging to its entire brand portfolio worldwide throughout the rest of this year. The initiative is in line with the company's sustainability and packaging targets for 2025 and aims to improve the recyclability of products to help create a circular economy.

Plastic Adhesives Market Players
Major companies operating in the plastic adhesives market include H.B. Fuller Company, Henkel Corporation, 3M Company, Permabond LLC, Sika AG, Dowdupont Inc., Parker Hannifin Corp., Master Bond Inc., Huntsman International LLC, Arkema SA, Adhesive Research Inc., BASF SE, Boston Blacking Company, Buhnen GmbH & Co. KG, Hexion Specialty Chemicals Inc., Lord Corporation, Mapei SPA, Pidilite Industry Ltd., Ashland Inc., Avery International Corporation, Chemence Ltd., Collano Adhesives Inc., Delo Industrie Klebstoffe GmbH & Co. KGaA, Dow Chemical Ltd., Dymax Corporation, Eastman Chemical Company, EMS-Chemie Holding AG, Evonik Industries AG, Illinois Tool Works Inc., ITW Performance Polymers

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the plastic adhesives market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the plastic adhesives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Plastic Adhesives Market Report Structure
3. Plastic Adhesives Market Trends And Strategies
4. Plastic Adhesives Market - Macro Economic Scenario
5. Plastic Adhesives Market Size And Growth
…..
27. Plastic Adhesives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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