Driving Plastic Adhesives Market Growth in 2025: The Role of Growing Construction Industry And Rapid Urbanization To Drive Demand For Plastic Adhesives Market

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Plastic Adhesives Market Size Growth Forecast: What to Expect by 2025?
There has been robust growth in the plastic adhesives market in recent times. The market is projected to rise from $8.63 billion in 2024 to $9.38 billion in 2025 with a compound annual growth rate (CAGR) of 8.7%. The historical growth phase was influenced by factors such as the advancement of the automotive and aerospace sectors, the surge in demand for lightweight and high-performance bonding, extension in the construction and packaging sectors, progress in advanced adhesive formulations, and an increase in assembly of electronic and medical devices.

How Will the Plastic Adhesives Market Size Evolve and Grow by 2029?
In the near future, robust expansion is anticipated in the plastic adhesives market. The market is projected to reach a value of $13.63 billion by 2029, progressing at a compound annual growth rate (CAGR) of 9.8%. This surge during the forecast period is linked to factors such as the development of sustainable and low-voc adhesive solutions, the rise in electric vehicle production, tailored adhesive formulations for specific plastics, the need for adhesives that can withstand high temperatures and impacts, and growth in renewable energy applications. Notable market trends for the forecast period are the emergence of bio-based and biodegradable plastic adhesives, adherence to adhesive safety regulations, the development of smart self-healing adhesives, the application of nanotechnology in plastic adhesives, and adhesive solutions supporting circular economy tactics.

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What Drivers Are Propelling the Growth of Plastic Adhesives Market Forward?
The surge in the need for plastic adhesives from the construction sector, linked with the expansion of this industry, is expected to escalate the demand for the plastic adhesives market over the predicted timeframe. In construction, adhesives find their application in processes such as ceramic tile adhesion, carpet installation, in prefabricated and manufactured housing, fixing of vinyl flooring, pre-finished panel application, securing roof tiles or systems, flooring or drywall lamination, among others. The anticipated rise in the demand for new commercial and residential buildings due to economic growth and a fast-paced urban population growth is set to increase the need for adhesives. Huge potentials are also foreseen in Asian nations, for instance, Indonesia, Vietnam, and the Philippines which are becoming magnets for export-oriented manufacturing. The World Bank predicts that the urban population in South Asia will rise by 250 million by 2030. A study by PwC suggests that approximately 60% of the global population will be city dwellers by 2030. This swift urbanization trend is likely to increase infrastructure requirements and hence drive the adhesive market in the future.

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Which Emerging Trends Are Transforming the Plastic Adhesives Market in 2025?
Prominent corporations involved in the plastic adhesives industry, are creating novel products like plastic-free blister packs for their global consumer adhesives range. For example, in June 2022, Henkel, a prominent chemical and consumer goods firm based in Germany, announced its intention to introduce plastic-free blister packaging. Throughout the remainder of this year, Henkel plans to extend sustainable packaging across its entire global brand portfolio. The move aligns with the firm's sustainability and packaging goals set for 2025 and is designed to increase product recyclability, thereby fostering a circular economy.

What Are the Key Segments in the Plastic Adhesives Market?
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

Subsegments:
1) By Epoxy: Two-Part Epoxy Adhesives, Single-Part Epoxy Adhesives, Flexible Epoxy Adhesives
2) By Polyurethane: Moisture-Cured Polyurethane Adhesives, Two-Part Polyurethane Adhesives, Hot Melt Polyurethane Adhesives
3) By Acrylic: Methyl Methacrylate Adhesives, Acrylic-Based Adhesives, Two-Part Acrylic Adhesives
4) By Silicone: Neutral-Cure Silicone Adhesives, Acetic-Cure Silicone Adhesives, High-Temperature Silicone Adhesives
5) By Methyl Methacrylate (MMA): MMA Structural Adhesives, MMA Adhesives for Plastics
6) By Cyanoacrylate: Industrial-Grade Cyanoacrylate Adhesives, Medical-Grade Cyanoacrylate Adhesives
7) By Other Resin Types: Polyvinyl Acetate (PVA), Rubber-Based Adhesives, Phenolic Resins

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Who Are the Key Players Shaping the Plastic Adhesives Market's Competitive Landscape?
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

What Geographic Markets Are Powering Growth in the Plastic Adhesives Market?
Asia-Pacific was the largest region in the plastic adhesives market in 2024. 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.

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