Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 60.52 Billion | USD 121.30 Billion | 7.2% | 2024 |
The global industrial adhesives market size was worth around USD 60.52 Billion in 2024 and is predicted to grow to around USD 121.30 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 7.2% between 2025 and 2034.
The report analyzes the global industrial adhesives market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the industrial adhesives industry.
One of the major growth drivers for the Global Industrial Adhesives Market is increasing demand for adhesives from the building & construction industry. Residential development is being driven by population growth and urbanization in developing countries such as China, India, Indonesia etc. In these countries, there is a growing need for permanent housing, which is driving demand for adhesives. Adhesives are used in a variety of building uses, including carpet, tiling, wallpapers, and external insulation systems. As a result, the construction industry's growing demand for adhesives is a major market driver.
Another factor for the growth in this market is Growth in the Packaging, Woodworking & Transportation Market. Over the forecasted timeframe, increasing packaging demand from various end-use industries such as healthcare, food & beverages, and cosmetics is expected to drive market growth. Over the next few years, the market for industrial adhesives is expected to be driven by the growth in e-commerce commodities demand, which requires packaging.
The global industrial adhesives market is segmented based on Product Type, Technology, Application, End-user Industry, and region.
Based on Product Type, the global industrial adhesives market is divided into Acrylic, Polyurethane, Epoxy, EVA, Silicone, Others.
On the basis of Technology, the global industrial adhesives market is bifurcated into Water-based, Solvent-based, Hot-melt, Reactive & Others.
By Application, the global industrial adhesives market is split into Packaging, Automotive, Construction, Woodworking, Electronics, Footwear & Leather, Healthcare.
In terms of End-user Industry, the global industrial adhesives market is categorized into Manufacturing, Transportation, Construction, Consumer Goods, Others.
Report Attributes | Report Details |
---|---|
Report Name | Global Industrial Adhesives Market |
Market Size in 2024 | USD 60.52 Billion |
Market Forecast in 2034 | USD 121.30 Billion |
Growth Rate | CAGR of 7.2% |
Number of Pages | 140 |
Key Companies Covered | Henkel AG & Co. KGaA, H.B. Fuller, BASF SE, The Dow Chemical Company, Huntsman Corporation, Sika AG, Toyo Polymer Co. Ltd., Adhesive Films Inc., Mitsubishi Chemicals Corporation, and Hitachi Chemical Company Ltd., and others. |
Segments Covered | By Product Type, By Technology, By Application, By End-user Industry, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
In 2020, Asia Pacific was the leading region, accounting for 8.9% CAGR. Due to low labour costs and friendly government legislation, major automobile firms have relocated their manufacturing operations to China, India, Thailand, and Vietnam. Over the next seven years, rising per capita income among the middle class in countries like China and India is expected to boost vehicle sales. In the coming years, these trends are likely to fuel product demand.
In North America, growing demand from the packaging industry is projected to remain a core driver of business growth over the forecast period. The growth of the packaging industry, which absorbs a vast number of industrial adhesives, is responsible for changes in customer tastes toward simplicity, expanded shelf life, quick-serve, and portability of goods. This will almost certainly propel business demand in the coming years.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the industrial adhesives market on a global and regional basis.
The global industrial adhesives market is dominated by players like:
By Product Type
By Technology
By Application
By End-user Industry
By Region
FrequentlyAsked Questions
The global industrial adhesives market is expected to grow due to Growth in automotive, construction, and packaging industries fuels demand. Shift toward sustainable, high-performance adhesives is a key trend.
According to a study, the global industrial adhesives market size was worth around USD 60.52 Billion in 2024 and is expected to reach USD 121.30 Billion by 2034.
The global industrial adhesives market is expected to grow at a CAGR of 7.2% during the forecast period.
Asia-Pacific is expected to dominate the industrial adhesives market over the forecast period.
Leading players in the global industrial adhesives market include Henkel AG & Co. KGaA, H.B. Fuller, BASF SE, The Dow Chemical Company, Huntsman Corporation, Sika AG, Toyo Polymer Co. Ltd., Adhesive Films Inc., Mitsubishi Chemicals Corporation, and Hitachi Chemical Company Ltd., among others.
The report explores crucial aspects of the industrial adhesives market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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