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Russia Adhesives Market Size

The Russia Adhesives Market is projected to experience significant growth over the forecast period, driven by increasing demand across various industries such as packaging, construction, automotive, and healthcare. The market's expansion is influenced by the rising need for resin-based adhesives, particularly polyurethane, which holds a substantial market share. The packaging industry, bolstered by import substitution policies and the processing of food products, is expected to further propel market growth. Additionally, government initiatives aimed at infrastructure and economic development are anticipated to stimulate construction activities, thereby increasing the demand for adhesives.

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Market Size of russia adhesives Industry

Russia Adhesives Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 2.51 Billion
svg icon Market Size (2028) USD 3.28 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2028) 6.85 %
svg icon Fastest Growing by End User Industry Packaging
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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Russia Adhesives Market Analysis

The Russia Adhesives Market size is estimated at 2.51 billion USD in 2024, and is expected to reach 3.28 billion USD by 2028, growing at a CAGR of 6.85% during the forecast period (2024-2028).

2.51 Billion

Market Size in 2024 (USD)

3.28 Billion

Market Size in 2028 (USD)

6.34 %

CAGR (2017-2023)

6.85 %

CAGR (2024-2028)

Largest Market by End-user Industry

54.95 %

value share, Packaging, 2023

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In the Russian adhesives market, packaging is the dominant end-user industry owing to the wide range of adhesive applications, including labels, tapes, carton sealing and joining, and laminating.

Fastest Growing Market by End-user Industry

7.77 %

Projected CAGR, Packaging, 2024-2028

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The packaging industry is forecast to be the fastest-growing end-user industrial segment of the Russian adhesives market, owing to the rising demand for paper and paperboard packaging and plastic packaging.

Largest Market by Technology

46.99 %

value share, Water-borne, 2023

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Water-borne technology, an environmentally friendly and economically viable solution, holds a major share in the market due to its well-recognized usage in food packaging applications through emulsion and dispersion systems.

Largest Market by Resin

23.45 %

value share, Acrylic, 2023

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Acrylic-based adhesives hold a major share in the Russian adhesives market owing to their pressure-sensitive applications in packaging, construction, and healthcare end-user industries.

Leading Market Player

9.80 %

market share, Henkel AG & Co. KGaA, 2021

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Henkel is the leading adhesives manufacturer in Russia. Its products are widely applicable in industries, including building & construction, automotive, aerospace, and woodworking.

Emerging infrastructure development and the evolving trend of flexible packaging expected to boost the consumption of adhesives in Russia

  • In Russia, polyurethane adhesives, acrylic adhesives, silicone adhesives, and epoxy adhesives are mostly available and are mainly procured across packaging, building and construction, automotive, healthcare, electronics, and other industries. Among all these resin-based adhesives, polyurethane holds the largest share of about 21.8%, followed by silicone, acrylic, and epoxy across the country.
  • Russia is the eighth largest packaged food products market in the world, with 27.5 million ton of trade volume. The processing of potatoes and vegetables, along with increasing production of beverages (alcoholic and soft), will drive the packaging industry and result in increased demand for adhesives over the coming years. Recent import restrictions by several countries and the Russian government's Import Substitution policy are likely to expand opportunities for the packaging industry and simultaneously influence the adhesives market over the forecast period. Waterborne adhesives are highly consumed in the industry because of their cheaper cost and high bonding strength which is required in these applications.
  • The President of Russia announced his decision to construct 13 new projects, ranging from education and healthcare to infrastructure development. He instructed the government to boost the country's economic growth over the world average by 2025. Such plans are expected to help the country attain sustainable growth and provide stimulus to construction activities during the forecast period. The new floor area, including residential and non-residential construction in the country, is expected to reach 2 billion square footage by 2028. Rising construction activities are expected to drive the demand for adhesives in Russia over the forecast period.
Russia Adhesives Market

Russia 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.

  • In Russia, polyurethane adhesives, acrylic adhesives, silicone adhesives, and epoxy adhesives are mostly available and are mainly procured across packaging, building and construction, automotive, healthcare, electronics, and other industries. Among all these resin-based adhesives, polyurethane holds the largest share of about 21.8%, followed by silicone, acrylic, and epoxy across the country.
  • Russia is the eighth largest packaged food products market in the world, with 27.5 million ton of trade volume. The processing of potatoes and vegetables, along with increasing production of beverages (alcoholic and soft), will drive the packaging industry and result in increased demand for adhesives over the coming years. Recent import restrictions by several countries and the Russian government's Import Substitution policy are likely to expand opportunities for the packaging industry and simultaneously influence the adhesives market over the forecast period. Waterborne adhesives are highly consumed in the industry because of their cheaper cost and high bonding strength which is required in these applications.
  • The President of Russia announced his decision to construct 13 new projects, ranging from education and healthcare to infrastructure development. He instructed the government to boost the country's economic growth over the world average by 2025. Such plans are expected to help the country attain sustainable growth and provide stimulus to construction activities during the forecast period. The new floor area, including residential and non-residential construction in the country, is expected to reach 2 billion square footage by 2028. Rising construction activities are expected to drive the demand for adhesives in Russia over 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
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Russia Adhesives Market Size Summary

The Russia adhesives market is poised for significant growth, driven by increasing demand across various sectors such as packaging, construction, and healthcare. The market is characterized by a diverse range of adhesive types, including polyurethane, acrylic, silicone, and epoxy adhesives, with polyurethane holding the largest market share. The packaging industry, in particular, is expected to see robust expansion due to the country's status as a major exporter of food products and the growing production of beverages. This growth is further supported by the Russian government's import substitution policies, which are likely to bolster domestic manufacturing and reduce reliance on foreign imports. The construction sector is also anticipated to contribute to market growth, fueled by government initiatives to boost economic development and infrastructure projects.

Despite challenges such as the impact of the COVID-19 pandemic and geopolitical tensions affecting the automotive sector, the adhesives market in Russia remains fragmented with key players like Arkema Group, Henkel AG & Co. KGaA, MAPEI S.p.A., RusTA LLC, and Sika AG. These companies are actively introducing new products and forming strategic partnerships to enhance their market presence. The automotive industry, while facing stagnation in passenger vehicle production, shows potential in the commercial vehicle segment, which could indirectly support the adhesives market. Overall, the Russian adhesives market is expected to experience steady growth, driven by advancements in packaging technology, increased construction activities, and strategic industry collaborations.

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Russia 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

Russia Adhesives Market Size FAQs

The Russia Adhesives Market size is expected to reach USD 2.51 billion in 2024 and grow at a CAGR of 6.85% to reach USD 3.28 billion by 2028.

In 2024, the Russia Adhesives Market size is expected to reach USD 2.51 billion.

Russia Adhesives Market Report Snapshots

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