Adhesives Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 68.88 Billion |
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Market Size (2028) | USD 87.04 Billion |
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Largest Share by End User Industry | Packaging |
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CAGR (2024 - 2028) | 6.03 % |
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Largest Share by Region | Asia-Pacific |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Adhesives Market Analysis
The Adhesives Market size is estimated at 68.88 billion USD in 2024, and is expected to reach 87.04 billion USD by 2028, growing at a CAGR of 6.03% during the forecast period (2024-2028).
68.88 Billion
Market Size in 2024 (USD)
87.04 Billion
Market Size in 2028 (USD)
5.52 %
CAGR (2017-2023)
6.03 %
CAGR (2024-2028)
Largest Market by End-user Industry
42.65 %
value share, Packaging, 2023
Globally, packaging is the dominant end-user industry owing to the wide range of adhesive applications, including labels, tapes, carton sealing and joining, and laminating.
Largest Market by Technology
42.55 %
value share, Water-borne, 2023
Water-borne technology, an environmentally friendly and economically viable solution, holds a major market share due to its usage in food packaging applications through emulsion and dispersion systems.
Largest Market by Resin
23.05 %
value share, Acrylic, 2023
Acrylic-based adhesives hold a major market share owing to their pressure-sensitive applications in packaging, construction, and healthcare end-user industries.
Largest Market by Region
36.58 %
value share, Asia-Pacific, 2023
The Asia-Pacific region, driven mainly by India, China, South Korea, and Japan, is a major consumer of adhesives, owing to the usage of adhesives from various industries including packaging, construction, and automotive.
Leading Market Player
10.54 %
market share, Henkel AG & Co. KGaA, 2021
Henkel is the global leader in manufacturing adhesives. This can be attributed to the popularity of its products in various industries, including packaging, construction, and automotive.
Owing to the cheaper cost and high bonding strength to various substitutes including paper, plastic, and metal, packaging end-user to remain the largest and fastest
- Adhesives are majorly consumed in the packaging industry in the country owing to their importance in bonding plastics, metals, and paper & cardboard packaging applications. In addition, the packaging is the fastest-growing end-user of adhesives. Waterborne adhesives are highly consumed in the industry because of their cheaper cost and high bonding strength required in these applications. It is seen that nearly 8.5 million tons of water-borne adhesives are likely to be consumed in the packaging industry of the country during 2021.
- Adhesives are widely used in the construction industry because of their applications, such as waterproofing, weather-sealing, crack-sealing, and bonding. The construction industry globally is expected to record a CAGR of 3.5% up to 2030. Asia-Pacific and Europe are expected to account for 68% of the global construction market's growth. As a result, the construction industry accounts for a significant share of the global adhesives market, by value.
- Adhesives are widely used in the automotive industry because they apply to surfaces such as glass, metal, plastic, and painted surfaces. Their features are helpful, such as extreme weather resistance, durability, and long-lasting, which drive their usage in engines and car gaskets. The electric vehicles segment of the global automotive market is expected to record a CAGR of 17.75% in the forecast period because of the increase in demand for the same in growing economies. This is expected to increase the demand for automotive adhesives over the forecast period.
- Adhesives are used in the healthcare industry for applications such as assembling medical device parts. The increase in healthcare investments worldwide is expected to lead to a rise in demand in the forecast period.
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Owing to the demand from construction industry, Asia-Pacific is expected to be the fastest growing
- Asia-Pacific, Europe, and North America are the largest regions in the global adhesives market. Combined, these three regions occupy 87.5% market share of the global adhesives market. The demand for adhesives declined in 2020 due to various operational restrictions because of the COVID-19 pandemic. Globally, the European adhesives market took the worst hit. It declined by 6.81% compared to the 2019 demand volume.
- In 2021, as the restrictions eased, the global demand for adhesives started recovering and outgrew the pre-pandemic levels in 2022. The demand for epoxy resin-based adhesives registered the strongest growth. In terms of volume, the demand grew by 7.67% of its 2020 volume. This growth is mainly driven by the growth in demand from building and construction and automotive end-user industries in regions like Asia-Pacific and Europe.
- Globally, adhesives based on polyurethane, acrylic, epoxy, and synthetic resins, among others, are the most prominent. These adhesives find applications in various end-user industries, including building and construction, packaging, automotive, and woodworking and joinery. The market for adhesives is estimated to grow based on the factors driving the usage of adhesives in packaging, building and construction, and automotive applications, with the adaptation of new technologies and reducing curing time.
- The market share of the Asia-Pacific adhesives market is expected to rise by 1.6% in terms of volume during the forecast period as the building and construction market is expected to register higher growth in comparison to other regions.
Global Adhesives Market Trends
Fast paced growth of e-commerce industry in developing nations to augment the industry
- In 2020, the packaging industry started with multiple long-term trends driving higher demand, and growth accelerated as economic activity switched to address the challenges posed by the COVID-19 pandemic. The industry's robust performance supported rising revenues and the expansion of important end markets such as food and beverage and healthcare and also demonstrated the industry's general stability during a period of overall economic uncertainty.
- Packaging M&A activities soared in 2021, as buyers and sellers enthusiastically returned to the market after deal-making almost ceased during the pandemic in 2020. During the pandemic, the strong performance of packaging companies reinforced the idea that the industry offers stability during moments of general market turbulence. The pandemic also strengthened previously existing tailwinds, including rapid e-commerce expansion and brand owners employing packaging to differentiate their products on supermarket shelves, positioning the sector for stronger long-term growth.
- As of now, dissolvable packaging, space-saving packaging, and smart packaging are a few innovations that have come up in the packaging industry. The adoption of edible packaging, an interesting and innovative alternative that alleviates the reliance on fossil fuels and has the potential to significantly decrease the carbon footprint, is now becoming popular across the food industry owing to its sustainability. These factors have created a growth opportunity for the packaging industry in the food and beverage sector, which is expected to boost the packaging industry's growth during the forecast period.
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Favorable government policies to promote electric vehicles will propel automotive industry
- Since 2021, the global automotive industry has been expected to grow steadily but at a slower pace because of the decline in consumers' preferences for individual ownership of passenger vehicles and their increased preference for shared mobility in transportation. The global automotive industry is expected to experience a growth rate of 2% annually, with an expected value addition of USD 1.5 trillion in total revenue during the forecast period.
- In 2020, due to the impact of the COVID-19 pandemic, vehicle sales declined but recovered rapidly in 2021 because the governments of various countries took measures to support their economies, as automotive markets usually contribute majorly to their GDP. Vehicle sales declined from 90 million units of passenger vehicles in 2019 to 78 million units in 2020.
- The introduction of electric vehicles worldwide has contributed significantly to the overall revenue of the global automotive market because of their cheaper energy costs, environmentally benign nature, and efficient mobility features. Various government policies and standards also work as driving factors to increase EV production. For instance, the EU standards for CO2 emissions increased the demand for electric vehicles in 2021. As per the IEA's Sustainable Scenario, 230 million electric vehicles are required to replace combustion fuel-based vehicles by 2030. In 2021, Tesla, the largest EV manufacturer, recorded a rise of 157% in the number of electric vehicles manufactured. This growing trend of consumers preferring electric vehicles is expected to rise further during the forecast period (2022-2028).
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rapid growth of civil and military aviation will boost the aircraft production
- Easy availability of resources will support the footwear industry specifically in developing countries
- Growing residential and infrastructural development to thrive the construction sector
- Rising demand for home & office furniture to aid the growth of the industry
Adhesives Industry Overview
The Adhesives Market is fragmented, with the top five companies occupying 21.67%. The major players in this market are 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA and Sika AG (sorted alphabetically).
Adhesives Market Leaders
3M
Arkema Group
H.B. Fuller Company
Henkel AG & Co. KGaA
Sika AG
Other important companies include Aica Kogyo Co..Ltd., AVERY DENNISON CORPORATION, Dow, DuPont, Huntsman International LLC, Illinois Tool Works Inc., MAPEI S.p.A., NANPAO RESINS CHEMICAL GROUP, Pidilite Industries Ltd., Soudal Holding N.V..
*Disclaimer: Major Players sorted in alphabetical order.
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Adhesives Market News
- July 2022: Mapei started the construction of its third manufacturing facility in Kosi, Mathura, to cater to the demand generated from Northern India.
- July 2022: Arkema closed the acquisition of Permoseal, a pioneer in adhesive solutions for DIY, packaging, and construction, and enhanced its presence in South Africa.
- May 2022: Henkel introduced new products, such as Loctite Liofol LA 7818 RE / 6231 RE and Loctite Liofol LA 7102 RE / 6902 RE, to promote recyclability in the packaging industry.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
Adhesives Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. End User Trends
2.1.1. Aerospace
2.1.2. Automotive
2.1.3. Building and Construction
2.1.4. Footwear and Leather
2.1.5. Packaging
2.1.6. Woodworking and Joinery
2.2. Regulatory Framework
2.2.1. Argentina
2.2.2. Australia
2.2.3. Brazil
2.2.4. Canada
2.2.5. China
2.2.6. EU
2.2.7. India
2.2.8. Indonesia
2.2.9. Japan
2.2.10. Malaysia
2.2.11. Mexico
2.2.12. Russia
2.2.13. Saudi Arabia
2.2.14. Singapore
2.2.15. South Africa
2.2.16. South Korea
2.2.17. Thailand
2.2.18. United States
2.3. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
3.1. End User Industry
3.1.1. Aerospace
3.1.2. Automotive
3.1.3. Building and Construction
3.1.4. Footwear and Leather
3.1.5. Healthcare
3.1.6. Packaging
3.1.7. Woodworking and Joinery
3.1.8. Other End-user Industries
3.2. Technology
3.2.1. Hot Melt
3.2.2. Reactive
3.2.3. Solvent-borne
3.2.4. UV Cured Adhesives
3.2.5. Water-borne
3.3. Resin
3.3.1. Acrylic
3.3.2. Cyanoacrylate
3.3.3. Epoxy
3.3.4. Polyurethane
3.3.5. Silicone
3.3.6. VAE/EVA
3.3.7. Other Resins
3.4. Region
3.4.1. Asia-Pacific
3.4.1.1. Australia
3.4.1.2. China
3.4.1.3. India
3.4.1.4. Indonesia
3.4.1.5. Japan
3.4.1.6. Malaysia
3.4.1.7. Singapore
3.4.1.8. South Korea
3.4.1.9. Thailand
3.4.1.10. Rest of Asia-Pacific
3.4.2. Europe
3.4.2.1. France
3.4.2.2. Germany
3.4.2.3. Italy
3.4.2.4. Russia
3.4.2.5. Spain
3.4.2.6. United Kingdom
3.4.2.7. Rest of Europe
3.4.3. Middle East & Africa
3.4.3.1. Saudi Arabia
3.4.3.2. South Africa
3.4.3.3. Rest of Middle East & Africa
3.4.4. North America
3.4.4.1. Canada
3.4.4.2. Mexico
3.4.4.3. United States
3.4.4.4. Rest of North America
3.4.5. South America
3.4.5.1. Argentina
3.4.5.2. Brazil
3.4.5.3. Rest of South America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. 3M
4.4.2. Aica Kogyo Co..Ltd.
4.4.3. Arkema Group
4.4.4. AVERY DENNISON CORPORATION
4.4.5. Dow
4.4.6. DuPont
4.4.7. H.B. Fuller Company
4.4.8. Henkel AG & Co. KGaA
4.4.9. Huntsman International LLC
4.4.10. Illinois Tool Works Inc.
4.4.11. MAPEI S.p.A.
4.4.12. NANPAO RESINS CHEMICAL GROUP
4.4.13. Pidilite Industries Ltd.
4.4.14. Sika AG
4.4.15. Soudal Holding N.V.
5. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
6. APPENDIX
6.1. Global Adhesives and Sealants Industry Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)
6.1.3. Global Value Chain Analysis
6.1.4. Drivers, Restraints, and Opportunities
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF AIRCRAFTS DELIVERED, UNITS, GLOBAL, 2017-2028
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, GLOBAL, 2017-2028
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, GLOBAL, 2017-2028
- Figure 4:
- PRODUCTION VOLUME OF FOOTWEAR, PAIRS, GLOBAL, 2017-2028
- Figure 5:
- PRODUCTION VOLUME OF PAPER & PAPER BOARD AND PLASTIC PACKAGING, TONS, GLOBAL, 2017-2028
- Figure 6:
- PRODUCTION VOLUME OF FURNITURE, UNITS, GLOBAL, 2017-2028
- Figure 7:
- VOLUME OF CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 8:
- VALUE OF CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 9:
- VOLUME OF ADHESIVES CONSUMED BY END USER INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 10:
- VALUE OF ADHESIVES CONSUMED BY END USER INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 11:
- VOLUME SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2022 VS 2028
- Figure 12:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2022 VS 2028
- Figure 13:
- VOLUME OF ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 14:
- VALUE OF ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 15:
- VALUE SHARE OF ADHESIVES CONSUMED IN AEROSPACE INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 16:
- VOLUME OF ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 17:
- VALUE OF ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 18:
- VALUE SHARE OF ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 19:
- VOLUME OF ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 20:
- VALUE OF ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 21:
- VALUE SHARE OF ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 22:
- VOLUME OF ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 23:
- VALUE OF ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 24:
- VALUE SHARE OF ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 25:
- VOLUME OF ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 26:
- VALUE OF ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 27:
- VALUE SHARE OF ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 28:
- VOLUME OF ADHESIVES CONSUMED IN PACKAGING INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 29:
- VALUE OF ADHESIVES CONSUMED IN PACKAGING INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 30:
- VALUE SHARE OF ADHESIVES CONSUMED IN PACKAGING INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 31:
- VOLUME OF ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 32:
- VALUE OF ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 33:
- VALUE SHARE OF ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 34:
- VOLUME OF ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 35:
- VALUE OF ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 36:
- VALUE SHARE OF ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 37:
- VOLUME OF ADHESIVES CONSUMED BY TECHNOLOGY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 38:
- VALUE OF ADHESIVES CONSUMED BY TECHNOLOGY, USD, GLOBAL, 2017 - 2028
- Figure 39:
- VOLUME SHARE OF ADHESIVES CONSUMED BY TECHNOLOGY, %, GLOBAL, 2022 VS 2028
- Figure 40:
- VALUE SHARE OF ADHESIVES CONSUMED BY TECHNOLOGY, %, GLOBAL, 2022 VS 2028
- Figure 41:
- VOLUME OF HOT MELT ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 42:
- VALUE OF HOT MELT ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 43:
- VALUE SHARE OF HOT MELT ADHESIVES CONSUMED BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 44:
- VOLUME OF REACTIVE ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 45:
- VALUE OF REACTIVE ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 46:
- VALUE SHARE OF REACTIVE ADHESIVES CONSUMED BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 47:
- VOLUME OF SOLVENT-BORNE ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 48:
- VALUE OF SOLVENT-BORNE ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 49:
- VALUE SHARE OF SOLVENT-BORNE ADHESIVES CONSUMED BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 50:
- VOLUME OF UV CURED ADHESIVES ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 51:
- VALUE OF UV CURED ADHESIVES ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 52:
- VALUE SHARE OF UV CURED ADHESIVES ADHESIVES CONSUMED BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 53:
- VOLUME OF WATER-BORNE ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 54:
- VALUE OF WATER-BORNE ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 55:
- VALUE SHARE OF WATER-BORNE ADHESIVES CONSUMED BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 56:
- VOLUME OF ADHESIVES CONSUMED BY RESIN, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 57:
- VALUE OF ADHESIVES CONSUMED BY RESIN, USD, GLOBAL, 2017 - 2028
- Figure 58:
- VOLUME SHARE OF ADHESIVES CONSUMED BY RESIN, %, GLOBAL, 2022 VS 2028
- Figure 59:
- VALUE SHARE OF ADHESIVES CONSUMED BY RESIN, %, GLOBAL, 2022 VS 2028
- Figure 60:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 61:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 62:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 63:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 64:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 65:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 66:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 67:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 68:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 69:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 70:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 71:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 72:
- VOLUME OF SILICONE ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 73:
- VALUE OF SILICONE ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 74:
- VALUE SHARE OF SILICONE ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 75:
- VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 76:
- VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 77:
- VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 78:
- VOLUME OF OTHER RESINS ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 79:
- VALUE OF OTHER RESINS ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 80:
- VALUE SHARE OF OTHER RESINS ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 81:
- VOLUME OF ADHESIVES CONSUMED BY REGION, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 82:
- VALUE OF ADHESIVES CONSUMED BY REGION, USD, GLOBAL, 2017 - 2028
- Figure 83:
- VOLUME SHARE OF ADHESIVES CONSUMED BY REGION, %, GLOBAL, 2022 VS 2028
- Figure 84:
- VALUE SHARE OF ADHESIVES CONSUMED BY REGION, %, GLOBAL, 2022 VS 2028
- Figure 85:
- VOLUME OF ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 86:
- VALUE OF ADHESIVES CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 87:
- VOLUME SHARE OF ADHESIVES CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2028
- Figure 88:
- VALUE SHARE OF ADHESIVES CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2028
- Figure 89:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, AUSTRALIA, 2017 - 2028
- Figure 90:
- VALUE OF ADHESIVES CONSUMED, USD, AUSTRALIA, 2017 - 2028
- Figure 91:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2021 VS 2028
- Figure 92:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, CHINA, 2017 - 2028
- Figure 93:
- VALUE OF ADHESIVES CONSUMED, USD, CHINA, 2017 - 2028
- Figure 94:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, CHINA, 2021 VS 2028
- Figure 95:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, INDIA, 2017 - 2028
- Figure 96:
- VALUE OF ADHESIVES CONSUMED, USD, INDIA, 2017 - 2028
- Figure 97:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDIA, 2021 VS 2028
- Figure 98:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
- Figure 99:
- VALUE OF ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
- Figure 100:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
- Figure 101:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, JAPAN, 2017 - 2028
- Figure 102:
- VALUE OF ADHESIVES CONSUMED, USD, JAPAN, 2017 - 2028
- Figure 103:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, JAPAN, 2021 VS 2028
- Figure 104:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, MALAYSIA, 2017 - 2028
- Figure 105:
- VALUE OF ADHESIVES CONSUMED, USD, MALAYSIA, 2017 - 2028
- Figure 106:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2021 VS 2028
- Figure 107:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, SINGAPORE, 2017 - 2028
- Figure 108:
- VALUE OF ADHESIVES CONSUMED, USD, SINGAPORE, 2017 - 2028
- Figure 109:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, SINGAPORE, 2021 VS 2028
- Figure 110:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
- Figure 111:
- VALUE OF ADHESIVES CONSUMED, USD, SOUTH KOREA, 2017 - 2028
- Figure 112:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2021 VS 2028
- Figure 113:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
- Figure 114:
- VALUE OF ADHESIVES CONSUMED, USD, THAILAND, 2017 - 2028
- Figure 115:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, THAILAND, 2021 VS 2028
- Figure 116:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 117:
- VALUE OF ADHESIVES CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 118:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2021 VS 2028
- Figure 119:
- VOLUME OF ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 120:
- VALUE OF ADHESIVES CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2028
- Figure 121:
- VOLUME SHARE OF ADHESIVES CONSUMED BY COUNTRY, %, EUROPE, 2022 VS 2028
- Figure 122:
- VALUE SHARE OF ADHESIVES CONSUMED BY COUNTRY, %, EUROPE, 2022 VS 2028
- Figure 123:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 124:
- VALUE OF ADHESIVES CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 125:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, FRANCE, 2021 VS 2028
- Figure 126:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, GERMANY, 2017 - 2028
- Figure 127:
- VALUE OF ADHESIVES CONSUMED, USD, GERMANY, 2017 - 2028
- Figure 128:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, GERMANY, 2021 VS 2028
- Figure 129:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, ITALY, 2017 - 2028
- Figure 130:
- VALUE OF ADHESIVES CONSUMED, USD, ITALY, 2017 - 2028
- Figure 131:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, ITALY, 2021 VS 2028
- Figure 132:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, RUSSIA, 2017 - 2028
- Figure 133:
- VALUE OF ADHESIVES CONSUMED, USD, RUSSIA, 2017 - 2028
- Figure 134:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2021 VS 2028
- Figure 135:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, SPAIN, 2017 - 2028
- Figure 136:
- VALUE OF ADHESIVES CONSUMED, USD, SPAIN, 2017 - 2028
- Figure 137:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, SPAIN, 2021 VS 2028
- Figure 138:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, UNITED KINGDOM, 2017 - 2028
- Figure 139:
- VALUE OF ADHESIVES CONSUMED, USD, UNITED KINGDOM, 2017 - 2028
- Figure 140:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2021 VS 2028
- Figure 141:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, REST OF EUROPE, 2017 - 2028
- Figure 142:
- VALUE OF ADHESIVES CONSUMED, USD, REST OF EUROPE, 2017 - 2028
- Figure 143:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2021 VS 2028
- Figure 144:
- VOLUME OF ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 145:
- VALUE OF ADHESIVES CONSUMED BY COUNTRY, USD, MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 146:
- VOLUME SHARE OF ADHESIVES CONSUMED BY COUNTRY, %, MIDDLE EAST & AFRICA, 2022 VS 2028
- Figure 147:
- VALUE SHARE OF ADHESIVES CONSUMED BY COUNTRY, %, MIDDLE EAST & AFRICA, 2022 VS 2028
- Figure 148:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, SAUDI ARABIA, 2017 - 2028
- Figure 149:
- VALUE OF ADHESIVES CONSUMED, USD, SAUDI ARABIA, 2017 - 2028
- Figure 150:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2021 VS 2028
- Figure 151:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, SOUTH AFRICA, 2017 - 2028
- Figure 152:
- VALUE OF ADHESIVES CONSUMED, USD, SOUTH AFRICA, 2017 - 2028
- Figure 153:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2021 VS 2028
- Figure 154:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, REST OF MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 155:
- VALUE OF ADHESIVES CONSUMED, USD, REST OF MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 156:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST & AFRICA, 2021 VS 2028
- Figure 157:
- VOLUME OF ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 158:
- VALUE OF ADHESIVES CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2028
- Figure 159:
- VOLUME SHARE OF ADHESIVES CONSUMED BY COUNTRY, %, NORTH AMERICA, 2022 VS 2028
- Figure 160:
- VALUE SHARE OF ADHESIVES CONSUMED BY COUNTRY, %, NORTH AMERICA, 2022 VS 2028
- Figure 161:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, CANADA, 2017 - 2028
- Figure 162:
- VALUE OF ADHESIVES CONSUMED, USD, CANADA, 2017 - 2028
- Figure 163:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, CANADA, 2021 VS 2028
- Figure 164:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 165:
- VALUE OF ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 166:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, MEXICO, 2021 VS 2028
- Figure 167:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 168:
- VALUE OF ADHESIVES CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 169:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2021 VS 2028
- Figure 170:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, REST OF NORTH AMERICA, 2017 - 2028
- Figure 171:
- VALUE OF ADHESIVES CONSUMED, USD, REST OF NORTH AMERICA, 2017 - 2028
- Figure 172:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF NORTH AMERICA, 2021 VS 2028
- Figure 173:
- VOLUME OF ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, SOUTH AMERICA, 2017 - 2028
- Figure 174:
- VALUE OF ADHESIVES CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2028
- Figure 175:
- VOLUME SHARE OF ADHESIVES CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2028
- Figure 176:
- VALUE SHARE OF ADHESIVES CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2028
- Figure 177:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, ARGENTINA, 2017 - 2028
- Figure 178:
- VALUE OF ADHESIVES CONSUMED, USD, ARGENTINA, 2017 - 2028
- Figure 179:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2021 VS 2028
- Figure 180:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, BRAZIL, 2017 - 2028
- Figure 181:
- VALUE OF ADHESIVES CONSUMED, USD, BRAZIL, 2017 - 2028
- Figure 182:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2021 VS 2028
- Figure 183:
- VOLUME OF ADHESIVES CONSUMED, KILOGRAM, REST OF SOUTH AMERICA, 2017 - 2028
- Figure 184:
- VALUE OF ADHESIVES CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2028
- Figure 185:
- VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2021 VS 2028
- Figure 186:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2019 - 2021
- Figure 187:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2019 - 2021
- Figure 188:
- REVENUE SHARE OF ADHESIVES BY MAJOR PLAYERS, %, GLOBAL, 2021
Adhesives Industry Segmentation
Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery are covered as segments by End User Industry. Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.
- Adhesives are majorly consumed in the packaging industry in the country owing to their importance in bonding plastics, metals, and paper & cardboard packaging applications. In addition, the packaging is the fastest-growing end-user of adhesives. Waterborne adhesives are highly consumed in the industry because of their cheaper cost and high bonding strength required in these applications. It is seen that nearly 8.5 million tons of water-borne adhesives are likely to be consumed in the packaging industry of the country during 2021.
- Adhesives are widely used in the construction industry because of their applications, such as waterproofing, weather-sealing, crack-sealing, and bonding. The construction industry globally is expected to record a CAGR of 3.5% up to 2030. Asia-Pacific and Europe are expected to account for 68% of the global construction market's growth. As a result, the construction industry accounts for a significant share of the global adhesives market, by value.
- Adhesives are widely used in the automotive industry because they apply to surfaces such as glass, metal, plastic, and painted surfaces. Their features are helpful, such as extreme weather resistance, durability, and long-lasting, which drive their usage in engines and car gaskets. The electric vehicles segment of the global automotive market is expected to record a CAGR of 17.75% in the forecast period because of the increase in demand for the same in growing economies. This is expected to increase the demand for automotive adhesives over the forecast period.
- Adhesives are used in the healthcare industry for applications such as assembling medical device parts. The increase in healthcare investments worldwide is expected to lead to a rise in demand in the forecast period.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Packaging | |
| Woodworking and Joinery | |
| Other End-user Industries |
| Technology | |
| Hot Melt | |
| Reactive | |
| Solvent-borne | |
| UV Cured Adhesives | |
| Water-borne |
| Resin | |
| Acrylic | |
| Cyanoacrylate | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| VAE/EVA | |
| Other Resins |
| Region | ||||||||||||
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Market Definition
- End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Woodworking & Joinery, Footwear & Leather, Healthcare, and Others are the end-user industries considered under the adhesives market.
- Product - All adhesive products are considered in the market studied
- Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Cyanoacrylate, VAE/EVA, and Silicone are considered
- Technology - For the purpose of this study, Water-borne, Solvent-borne, Reactive, Hot Melt, and UV Cured adhesive technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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