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Adhesives Market Size

The adhesives market is projected to experience significant growth, driven by its extensive use in various industries such as packaging, construction, automotive, and healthcare. The packaging industry, in particular, is the fastest-growing end-user, with a high demand for waterborne adhesives due to their cost-effectiveness and strong bonding capabilities. The construction sector also contributes substantially to the market, with Asia-Pacific and Europe leading in growth. Additionally, the automotive industry's shift towards electric vehicles is expected to further boost the demand for adhesives. Despite a temporary decline during the COVID-19 pandemic, the market has rebounded, with epoxy resin-based adhesives showing notable growth. The Asia-Pacific region is anticipated to increase its market share, supported by the robust development of the building and construction market.

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Market Size of adhesives Industry

Adhesives Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 68.88 Billion
svg icon Market Size (2028) USD 87.04 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2028) 6.03 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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

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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.
Global Adhesives Market

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.

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
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Singapore
South Korea
Thailand
Rest of Asia-Pacific
Europe
France
Germany
Italy
Russia
Spain
United Kingdom
Rest of Europe
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
North America
Canada
Mexico
United States
Rest of North America
South America
Argentina
Brazil
Rest of South America
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Adhesives Market Size Summary

The adhesives market is poised for significant growth, driven by its extensive applications across various industries such as packaging, construction, automotive, and healthcare. The packaging industry, in particular, is a major consumer of adhesives due to their critical role in bonding materials like plastics, metals, and paper products. Waterborne adhesives are particularly favored for their cost-effectiveness and strong bonding capabilities. The construction sector also relies heavily on adhesives for waterproofing, weather-sealing, and bonding applications, contributing to the market's expansion. Additionally, the automotive industry benefits from adhesives' durability and weather resistance, especially with the rise of electric vehicles, which are expected to boost demand further. The healthcare sector's increasing investments are anticipated to drive additional demand for adhesives used in assembling medical devices.

Regionally, Asia-Pacific, Europe, and North America dominate the global adhesives market, collectively holding a substantial market share. The market experienced a decline in 2020 due to the COVID-19 pandemic, with Europe being the hardest hit. However, demand rebounded in 2021, surpassing pre-pandemic levels by 2022, with epoxy resin-based adhesives showing particularly strong growth. Innovations in packaging, such as dissolvable and smart packaging, along with the adoption of sustainable alternatives like edible packaging, are expected to fuel further growth in the packaging sector. The automotive industry is also adapting to changing consumer preferences, with a shift towards electric vehicles and shared mobility solutions. The market remains fragmented, with key players like 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, and Sika AG leading the way in innovation and expansion efforts.

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Adhesives Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Footwear and Leather

      5. 1.1.5 Healthcare

      6. 1.1.6 Packaging

      7. 1.1.7 Woodworking and Joinery

      8. 1.1.8 Other End-user Industries

    2. 1.2 Technology

      1. 1.2.1 Hot Melt

      2. 1.2.2 Reactive

      3. 1.2.3 Solvent-borne

      4. 1.2.4 UV Cured Adhesives

      5. 1.2.5 Water-borne

    3. 1.3 Resin

      1. 1.3.1 Acrylic

      2. 1.3.2 Cyanoacrylate

      3. 1.3.3 Epoxy

      4. 1.3.4 Polyurethane

      5. 1.3.5 Silicone

      6. 1.3.6 VAE/EVA

      7. 1.3.7 Other Resins

    4. 1.4 Region

      1. 1.4.1 Asia-Pacific

        1. 1.4.1.1 Australia

        2. 1.4.1.2 China

        3. 1.4.1.3 India

        4. 1.4.1.4 Indonesia

        5. 1.4.1.5 Japan

        6. 1.4.1.6 Malaysia

        7. 1.4.1.7 Singapore

        8. 1.4.1.8 South Korea

        9. 1.4.1.9 Thailand

        10. 1.4.1.10 Rest of Asia-Pacific

      2. 1.4.2 Europe

        1. 1.4.2.1 France

        2. 1.4.2.2 Germany

        3. 1.4.2.3 Italy

        4. 1.4.2.4 Russia

        5. 1.4.2.5 Spain

        6. 1.4.2.6 United Kingdom

        7. 1.4.2.7 Rest of Europe

      3. 1.4.3 Middle East & Africa

        1. 1.4.3.1 Saudi Arabia

        2. 1.4.3.2 South Africa

        3. 1.4.3.3 Rest of Middle East & Africa

      4. 1.4.4 North America

        1. 1.4.4.1 Canada

        2. 1.4.4.2 Mexico

        3. 1.4.4.3 United States

        4. 1.4.4.4 Rest of North America

      5. 1.4.5 South America

        1. 1.4.5.1 Argentina

        2. 1.4.5.2 Brazil

        3. 1.4.5.3 Rest of South America

Adhesives Market Size FAQs

The Global Adhesives Market size is expected to reach USD 68.88 billion in 2024 and grow at a CAGR of 6.03% to reach USD 87.04 billion by 2028.

In 2024, the Global Adhesives Market size is expected to reach USD 68.88 billion.

Adhesives Market Report Snapshots

Adhesives Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028