Press release
Adhesives Market to Grow at 8.6% CAGR, Reaching $115.04 Billion by 2029
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.Adhesives Market Outlook: How is the Market Expected to Grow by 2025?
In recent times, the size of the adhesives market has seen robust growth. The market, which is expected to expand from $76.39 billion in 2024 to $82.67 billion in 2025, is projected to have a compound annual growth rate (CAGR) of 8.2%. This significant growth during the historic period can be credited to the robust economic growth in emerging end-user markets, quick advancements in technology, and the rise in residential building activities.
Adhesives Market Forecast: What Size Will It Reach By 2029?
In the upcoming years, robust expansion is projected for the adhesives market, with the prediction to inflate to $115.04 billion in 2029, augmented at a compound annual growth rate (CAGR) of 8.6%. The anticipated upsurge during this forecast period can be credited to several factors including rising demand in the automobile industry, expanding needs for adhesives in the construction sector, speedily increasing urbanization, and burgeoning requirements from the packaging industry. Notable trends predicted for the forecast period encompass solutions related to automation and instrumentation, the embracing of 3D vision systems, investments towards swift curing of adhesives, the application of ebeam technology, concentration on creating innovative products, and potential adoption of IoT technologies.
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Which Key Market Drivers Will Shape Adhesives Industry Trends in 2025-2029?
The global economy was greatly influenced by advancements in technology. Industries that are technology-based, such as the adhesives industry, reaped the advantages of this movement. Innovations such as hot melts, reactive acrylics, and UV systems gained popularity due to their safety and energy-saving properties. Adhesives have also taken the place of mechanical fastening systems due to superior performance and lesser overall costs. These elements were the driving forces behind the adhesives market in the past period.
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What Are the High-Growth Segments in the Adhesives Market?
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, After market
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
Which Global Trends Are Driving Adhesives Market Expansion?
Several companies in the adhesive sector are integrating IoT (Internet of Things) technology to connect machinery and intelligent devices. This move allows them to gain real-time insights and pinpoint inefficiencies within their manufacturing operations. The collected data is processed, scrutinized, and understood by the plant supervisors and top-tier management to enhance quality and reach ideal production levels. For instance, innovative systems provide information regarding the work conditions and functioning of chemical reactors. These systems come with embedded software and analytical instruments that alert plant operators and managers about possible machinery malfunctions. Companies such as BASF SE, The Dow Chemical Company, and H.B. Fuller have adopted IoT technology on a significant scale.
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Who Are the Fastest-Growing Companies in the Adhesives Industry?
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
What Is the Regional Outlook for the Adhesives Market by 2029?
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
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