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The adhesive market size is forecast to increase by USD 18.9 billion at a CAGR of 4.3% between 2024 and 2029.
The adhesive industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The construction segment is estimated to witness significant growth during the forecast period. In the expansive adhesives market, the construction segment plays a pivotal role in driving growth and innovation. Adhesives have revolutionized the way structures are built, offering architects, engineers, and builders new possibilities for bonding materials and enhancing durability. This article delves into the transformative impact of adhesives on the construction industry, examining trends, applications, challenges, and future prospects. Adhesives are increasingly utilized for structural bonding, enabling lighter construction with enhanced load-bearing capabilities. They facilitate the joining of diverse materials, including composites, metals, and polymers, fostering architectural creativity and artistic freedom. The use of adhesives streamlines the construction process, reducing the need for mechanical fasteners and welding. Sustainable adhesives, such as those based on natural rubber latex or bio-based resins, are being adopted to reduce the carbon footprint of footwear production.
Adhesive formulations offer varying properties, such as application versatility, bond strength, chemical resistance, moisture resistance, and temperature resistance. These properties cater to the unique demands of various industries, including electronics, automotive, and aerospace. Silicone adhesives, solvent-based adhesives, and UV curable adhesives are among the popular choices for their distinct advantages. Sustainability initiatives have gained momentum in the adhesives industry, with a focus on performance optimization, recycling, and reducing environmental impact. Adhesives manufacturers are investing in research and development to create eco-friendly adhesives and improve the sustainability of their production processes. Adhesives dispensing equipment is also being integrated into manufacturing systems to ensure efficiency and accuracy. Adhesives play a crucial role in various industries, including construction, packaging, and transportation, driving market growth due to increasing demand.
The adhesives market is a dynamic and evolving landscape, shaped by advancements in technology, industry trends, and customer demands. The construction segment, in particular, is at the forefront of this transformation, offering new possibilities for architects, engineers, and builders to create structures that are stronger, lighter, and more sustainable.
The Construction segment was valued at USD 20.30 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Adhesives play a vital role in various industries, including construction, packaging, and transportation, due to their application versatility and ability to provide strong bonds. The chemical resistance, moisture resistance, and temperature resistance of adhesives are crucial factors driving their demand. Silicone and solvent-based adhesives are commonly used in the market, while UV curable and adhesive formulations offer performance optimization. Sustainability initiatives, such as recycling and supply chain efficiency, are increasingly important in the industry. Adhesives must meet specific standards for bond strength, tensile strength, and other properties to ensure reliable performance. In the Asia Pacific region, the construction sector's significant investments in infrastructure development are expected to fuel the demand for industrial adhesives.
Adhesives are integral components in the manufacturing process of various industries, including electronics, automotive, and aerospace. Adhesives' open time, pot life, and curing time are essential factors that impact their usability and efficiency. Adhesives' role in improving product performance, such as increasing shear strength and peel strength, is a significant market trend. Adhesives' application methods, including dispensing equipment, are also evolving to enhance productivity and reduce waste. Furthermore, in the footwear and leather goods industry, there is a growing preference for adhesives that minimize CO2 emissions and meet sustainability standards.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The adhesive market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the adhesive market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, adhesive market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
3M Co. - The Industrial and Advanced Materials division of the company provides a range of innovative adhesive solutions.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market continues to evolve, driven by advancements in technology and the expanding requirements of various industries. One of the key trends shaping the market is the increasing adoption of process automation in the manufacturing of adhesives. This automation is leading to improved efficiency and consistency in the production of adhesives, as well as the ability to create more complex and specialized formulations. Another significant area of growth is the development of bio-based adhesives. These adhesives offer several advantages, including reduced environmental impact and improved sustainability. They are finding increasing applications in medical, automotive, and construction industries, among others.
Surface treatment is another critical aspect of the market, as proper surface preparation is essential for achieving strong bonds. Advancements in surface treatment technologies are enabling the use of adhesives in a wider range of applications, from aerospace to electronics. The raw materials used in adhesive manufacturing are also undergoing significant changes. For instance, nanotechnology is being used to create high-performance adhesives with enhanced properties, such as increased bond strength and chemical resistance. Acrylic and silicone adhesives continue to be popular choices due to their versatility and excellent product performance. Industry verticals are also driving the demand for specific types of adhesives.
The Adhesive Market is expanding rapidly, driven by innovations in adhesive tapes and specialized solutions like polyurethane adhesives, cyanoacrylate adhesives, and anaerobic adhesives. Diverse applications utilize rubber adhesives, thermosetting adhesives, and insulating adhesives, while safety-focused industries demand flame retardant adhesives and eco-friendly biodegradable adhesives. Functional products such as repair adhesives, assembly adhesives, and fastening adhesives are essential for modern assembly processes. Advanced laminating adhesives and coating adhesives enhance performance on flexible materials and engineered materials. Automation, including robotic dispensing, streamlines production, while rigorous product testing ensures quality. The market reflects growing demand for efficiency and sustainability, with innovations shaping the future of adhesives across industries.
For example, the automotive industry requires high-tensile strength adhesives for bonding various components, while the construction industry relies on structural adhesives for large-scale projects. The medical industry, on the other hand, requires adhesives with specific properties, such as moisture resistance and shear strength, for use in medical devices and implants. Adhesive application methods are also evolving, with the development of new technologies for dispensing and curing adhesives. For instance, UV curable adhesives offer faster curing times and improved bond strength, while hot melt adhesives offer the advantage of being easily dispensed and applied. Sustainability initiatives are becoming increasingly important in the adhesive industry, with a focus on reducing waste and improving the environmental impact of adhesive manufacturing.
This is leading to the development of recycling programs for adhesive waste and the use of renewable raw materials in adhesive formulations. Performance optimization is another key trend in the market, with a focus on improving the properties of adhesives, such as open time, aging resistance, and bonding strength. Adhesives are also being developed to meet specific regulations and standards, such as those related to food safety and environmental impact. Adhesives are used in a wide range of applications, from consumer products to industrial applications. Customer applications continue to drive innovation in the adhesive industry, with new uses being discovered for adhesives in various industries. Materials like polyphenylene sulfide (PPS), polyolefins, aluminum, titanium, nickel, and stainless steel are used to create devices such as disposable ECG electrodes and grounding plates. Epoxy, silicones, polysulfides, and polyurethanes are among the adhesive types utilized in medical applications.
For instance, adhesives are being used in the electronics industry to create advanced components, such as sensors and displays. Bonding agents and adhesion promoters are also playing an essential role in the market, as they help improve the bonding strength and durability of adhesives. Supply chain efficiency is another critical factor, with the development of new technologies for improving the logistics and distribution of adhesives. The market is a dynamic and evolving industry, driven by advancements in technology, changing industry requirements, and sustainability initiatives. The market is characterized by a diverse range of applications, from medical and automotive to construction and electronics. The ongoing development of new adhesive technologies and formulations is enabling the industry to meet the evolving needs of its customers and stay competitive in a global market.
Dive into Technavio's research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Adhesive Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
242 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.3% |
Market growth 2025-2029 |
USD 18.9 billion |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
4.1 |
Key countries |
US, China, Japan, India, Germany, South Korea, Canada, UK, France, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Type
10 Market Segmentation by Resin Type
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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