Global Adhesive Market Insights
Global Adhesive Market was estimated to be USD 46,092.4 million in 2024 and is forecasted to grow at a CAGR of 4.5% during the forecast period of, 2024 – 2028. Surge in technological advancements, growing trend for environment-friendly adhesives result in higher opportunities in the adhesive market. The Swift Tak technology by H.B. Fuller offers slot nozzle and core winding application for both the bendable type & straight straws. This product complies with industry standards of the German Federal Institute for Risk Assessment’s food-contact recommendations.
Adhesives can be developed with numerous viscosities and can even be drawn into tapes and films. The properties such as adhesiveness and cohesiveness allow them to cater to the needs of several end-user industries such as packaging, construction, automotive, electronics, and others. Few other properties of adhesives such as abrasion resistance, flexibility, toughness, rigid curing, hardness, strength, shock resistance and many more garner the demand for adhesives in several applications.
However, one of the major restraints is stringent regulations associated with the use of hazardous chemicals during manufacturing process, which hamper the market growth. Leading adhesive manufacturers are testing their adhesives and need to submit to the FDA a master file showing all the unique ingredients and processes associated with the manufacture of a particular product. Regulatory changes can affect their business. FDA regulations can be more complex and expensive in the future, exhibiting additional challenges for manufacturers.
COVID-19 Analysis of Global Adhesive Market
Covid-19 has impacted the use of adhesives in various industries such as automotive, footwear, furniture, construction, etc. Supply of the raw materials for the adhesives was most challenging as the geographic location of the supplier is a key consideration, which made China and India being the most challenging market as per The Chem Quest Group. Pigments and resins saw a hike of 12-15% export tax rebates during the pandemic which was highest when compared to previous years as China tried to regain lost share due to COVID-19.
In the post pandemic era, few developing countries are coming up with encouraging schemes and revenue boosting polices to support the manufacturing sector market growth. For instance, Government of India has taken several steps to enhance the textile industry of India. Several schemes and plans were launched to ensure the growth of the textile industry in India.
Latin America started its textile production work despite the virus being at its peak. The manufacturing units were started by taking precautionary actions to fulfill the rising demand of various nations. Various other nations also laid their emphasis on opening the industries for production. This helped the adhesives market to grow post-pandemic in textile applications.
Certain manufacturers are moving towards the adoption of digital technologies which can provide access to customers digitally. By understanding the risk profiles, few players are heading towards developing contingency plans for multiple risks. This could help companies rebound from the crisis and regain momentum.
Global Adhesive Market Report Coverage
Global Adhesive Market is segmented by Product type, End-User Industry, and Region. by Product type the market is segmented into Acrylic, Polyurethane, Vinyl, Epoxy, Styrene and Others. By End-User Industry, the market is segmented into Hygiene, Packaging, Rigid Packaging, Flexible Packaging, Tape & Label, Textile, Woodworking, Automotive, Footwear, Construction, Electronics and Others. The report also covers the market size and forecasts for the Global Adhesive Market in 33 countries across major regions.
| Report Attributes | Report Details |
| Study Timeline | 2016-2028 |
| Market Size in 2028 (USD Million) | 46,092.4 |
| Market Size in 2024 (Kilo Tons) | 16,433.26 |
| CAGR (2024-2028) | 4.5% |
| By Product Type | Acrylic, Polyurethane, Vinyl, Epoxy, Styrene, Others |
| By End-User Industry | Hygiene, Packaging, Rigid Packaging, Flexible Packaging, Tape & Label, Textile, Woodworking, Automotive, Footwear, Construction, Electronics, Others |
| By Geography | North America: U.S., Canada, Mexico
Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile, Rest of Latin America The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA |
Global Adhesive Market Segment Analysis
Market Research Community provides extensive analysis of the size, share , major trends in each sub-segment of the Global Adhesive Market, along with forecasts at the global, regional and country level from 2024-2028.
Acrylic Adhesive type to holds the largest market share in global adhesive market
- Acrylic accounted for 37.48% share of the global adhesive market in 2024 and is anticipated to grow at a significant CAGR during the forecast period of, 2024-2028. Acrylic adhesives are resin-based adhesives that are comprised of acrylic and methacrylic polymers. These are among the strongest adhesives available in the market nowadays owing to their properties such as cohesion and adhesion.
- Increasing applications in several end-use industries such as woodworking, packaging, and paper industries. Acrylics could be applied to several areas such as direct-to-metal applications, wood, primed metals, masonry surfaces, and other materials.
- Benefits associated with acrylic are gaining popularity among consumers. The adhesive exhibits good UV resistance, initial tack, and other properties as well allowing it to be widely used. A major key player in adhesives 3M, provides permanent acrylic adhesive for usage on decorative films and over lamination.
Global Adhesive Market Volume (Kilo Tons) & Revenue (USD Million), By Product Type, 2016-2028
Packaging end-use industry accounted for the largest market share in global adhesive market
- The packaging end-use industry is further bifurcated into rigid packaging, flexible packaging, tape and label.
- The packaging industry accounts for one of the largest markets for adhesives as it provides products the much-needed protection from damage caused during distribution. Metsä Board, a leading packaging producer in Europe reported that the global packaging industry market size is approximately USD 915 billion, and it will grow at a rate of 2 to 3% annually.
Global Adhesive Market Volume (Kilo Tons) & Revenue (USD Million), By End-User Industry, 2016-2028
Asia Pacific is the leading and fastest growing region in global adhesive market
The Asia Pacific is the largest region that has a high consumption of adhesives owing to rising demand in various industries such as automotive, construction, packaging, hygiene, and others. Emerging economies in Asia such as China, India, Indonesia, Taiwan, and the Philippines have emerged as preferred manufacturing locations by various global manufacturers.
China Adhesive Market Research Volume (Kilo Tons) & Revenue (USD Million), 2015 – 2028
China is the major consumer of adhesives in Asia followed by Japan, South Korea, Taiwan, and India. Among the countries, China remains the undisputable leader in footwear manufacturing. Footwear is responsible for 9% consumption of total adhesives usage in Asia out of which 80% of adhesives are used by China for footwear manufacturing. China has a growth of rate of 5.9% for printed packaging even though it is the largest e-commerce platform in the Asia region.
Global Adhesive Market Competitive Landscape
The global adhesive market studied is highly competitive, with many regional and global players. The primary strategies adopted by these firms include expansions, product innovations, and mergers and acquisitions.
Key players :
- Sika group
- 3M company
- Henkel ag & co. Kgaa
- B. Fuller
- Nanpao resins chemical group
- Dow Inc.
- Arkema group
- Huntsman international llc.
- Pidilite industries limited
- Avery Dennison corporation
- Super bond adhesives (p) ltd.
- Parson adhesives, inc.
- Metlok private limited
- Astral adhesives
- Wacker Chemie AG
- The Yokohama rubber co., ltd.
- RPM International Inc.
- Asahi Kasei Corp.
- Jubilant Industries Limited
- Illinois Tool Works Inc.
Recent Developments
The market players are involved in adopting various strategies such as new product launches with enhancement as per regulations, partnerships, expansions, and research & development to grow their business and survive in the long run.
- December 2024- Arkema Group signed an agreement to acquire Ashland’s Performance Adhesives business, a first-class leader in high-performance adhesives for industrial applications in the US with a unique and innovative product portfolio. This key step will support Bostik’s strong long-term growth ambition and now allows it to aim for an EBITDA margin above 17% in 2024. Bostik is the Adhesive solutions business line of Arkema group acquired in 2015.
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