Press release
Global Adhesives Market to Reach $142.83 Billion by 2029, Growing at 8.7% CAGR
How Are the key drivers contributing to the expansion of the adhesives market?The growth of the global economy was significantly influenced by technological advancements. Sectors like the adhesives industry, which heavily relies on technology, reaped the benefits of this trend. The popularity of technology-based adhesives such as hot melts, reactive acrylics, and UV systems has increased due to their safety measures and energy conservation characteristics. Furthermore, adhesives superseded mechanical fastening systems because of superior performance and cost-effectiveness. These elements propelled the adhesive market's growth during the historic period.
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What growth opportunities are expected to drive the adhesives market's CAGR through 2034?
In recent times, the adhesives market has witnessed significant growth. Its value is predicted to increase from $93.08 billion in 2024 to $102.25 billion in 2025, with a compound annual growth rate (CAGR) of 9.8%. Factors such as robust economic growth in emerging end-user markets, swift technological advancements, and expansion in residential construction activity have all contributed to its growth in the historical period.
Expectations are high for considerable expansion of the adhesives market in the upcoming years. It is predicted to reach a value of $142.83 billion by 2029, boasting a compound annual growth rate (CAGR) of 8.7%. The anticipated growth throughout this forecast period is primarily due to factors such as the increasing demand from the automotive industry, ongoing demand for adhesives in the building and construction sector, rapid urbanization, and a surge in requirements from the packaging industry. Key trends predicted to propel the market throughout the forecast period include the adaptation of automation and instrumentation approaches, the incorporation of 3d vision systems, investment in rapid adhesive curing technologies, the introduction of ebeam technology, emphasis on the development of innovative products, and consideration of adopting IoT technologies.
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What are the emerging trends shaping the future of the adhesives market?
Numerous firms within the adhesive industry are integrating IoT (Internet of Things) technologies to link machinery and smart gadgets, which enables them to gain live data and pinpoint production inefficiencies. The information collected is managed, scrutinized, and deciphered by plant supervisors and top-tier administrators to enhance quality and reach maximum production capacity. Notably, intelligent systems provide details on the operational conditions and efficiency of chemical reactors with built-in software and analytical instruments. These systems alert plant operators and managers about potential machine failures. For example, prominent companies such as BASF SE, The Dow Chemical Company, and H.B. Fuller are embracing IoT technologies.
Which growth-oriented segments of the adhesives market are leading the industry's development?
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
Subsegments:
1) By Structural: Epoxy Adhesives, Polyurethane Adhesives, Acrylic Adhesives, Cyanoacrylate Adhesives
2) By Tapes And Films: Pressure-Sensitive Adhesive Tapes, Double-Sided Tapes, Adhesive Films, Transfer Tapes
3) By Threadlocks And Retainers: Anaerobic Threadlockers, Anaerobic Retainers, High-Strength Threadlockers
4) By Liquid Gaskets: RTV (Room-Temperature Vulcanizing) Silicone Gaskets, Non-Silicone Liquid Gaskets, Sealants
5) By Automotive Adhesives: Body-In-White Adhesives, Trim Adhesives, Glass Bonding Adhesives, Underbody Adhesives
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What regions are leading the charge in the adhesives market?
Asia-Pacific was the largest region in the adhesives market in 2024. 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
What companies are at the forefront of innovation in the adhesives market?
Major companies operating in the adhesives market include 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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What Is Covered In The Adhesives Global Market Report?
•Market Size Forecast: Examine the adhesives market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the adhesives market for a structured understanding.
•Key Players Overview: Analyze major players in the adhesives market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the adhesives market.
•Segment Contributions: Evaluate how different segments drive overall growth in the adhesives market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the adhesives market.
•Industry Challenges: Identify potential risks and obstacles affecting the adhesives market.
•Competitive Landscape: Review strategic developments in the adhesives market, including expansions, agreements, and new product launches.
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