The Global Adhesives Market size was estimated to be US$ 53 billion in 2019 and is expected to grow at a CAGR of 4.5% through 2030. Strong demand from building & construction industry, rising demand for high performance adhesives, and expansion of packaging industry are the key attributes fueling the growth of the global adhesive market.
Adhesives are organic and inorganic materials capable of holding materials together through surface attachment or by forming an adhesive bond between different materials. The demand for adhesives is primarily driven from expanding applications across building & construction, packaging, and automotive industries. Expansion of food & beverage industry fueled by accelerated consumption of processed and packaged food products has resulted in increased demand for reliable and affordable packaging solutions. This has consequently fueled the growth of adhesives, as adhesives play a vital role in packaging of processed food & beverages.
The demand for high performance adhesives has increased significantly for effective bonding of dissimilar materials across automotive industry, Increased investment in development of fuel efficient and green automobiles has fueled the adoption of high-performance adhesives for bonding together the synthetic materials used in automobiles. However, slack in automobile demand during past couple of years and prevalence of COVID-19 pandemic is anticipated to hinder the growth of the global adhesive market in coming years. The global adhesive market is expected to witness steady growth during the forecast period.
Asia Pacific contributed the largest share to the global adhesive market in 2019 owing to strong demand from semiconductor, food packaging and construction applications across major countries. Increasing investment in expansion of electric vehicle manufacturing, and expanding food & beverage industries across the region is expected to offer lucrative opportunities to the adhesive manufacturers during the forecast period. Europe is anticipated to witness steady growth during the forecast period, with strong demand for eco-friendly adhesives fueled by stringent environment protection regulations across the region. North America to hold significant share of the global adhesive market during the forecast period owing consistent demand from semiconductor and construction applications.
Adhesives Market Share Analysis, by Geography (2021)
The report titled “Adhesives Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global adhesives market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global adhesives market is segmented on the basis of product type, technology, application, and geography. Based on product type, the global adhesive market is segmented into polyurethane, acrylic, poly vinyl acetate, polyester, rubber, epoxy, EVA and others. Based on technology, the global adhesive market is segmented into water-based adhesive, solvent based adhesive, hot melt and others. Based on applications, the global adhesives market is segmented into pressure sensitive tapes, packaging, laminates & woodstock, construction, automobiles, footwear, and others. Based on geography, the global adhesives market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on adhesives. Further, market share of prominent companies in the global adhesive market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the adhesive companies.
The global adhesive market study would take into consideration the participants engaged throughout the supply chain of the market, along with their contribution. Product portfolio would focus on all the products under the adhesive business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global adhesive market.
Major players active in the global adhesive market include Ashland Inc., Avery Dennison Corporation, BASF SE, Bostik SA, H. B. Fuller, Henkel AG & Company KGaA, Pidilite Industries Limited, Sika AG, The 3M Company, The Dow Chemicals Company, and Uniseal Inc.
By Product Type:
By Technology:
By Application :
By Geography :
The adhesives market is anticipated to expand at a CAGR of 4.5% through 2030.
Increased investment in development of fuel efficient and green automobiles has fueled the adoption of high-performance adhesives for bonding together the synthetic materials used in automobiles. The global adhesive market is expected to witness steady growth during the forecast period.
Asia Pacific contributed the largest share to the global adhesive market owing to strong demand from semiconductor, food packaging and construction applications across major countries.
Major players operating in the global adhesives market include Ashland Inc., Avery Dennison Corporation, BASF SE, Bostik SA, H. B. Fuller, Henkel AG & Company KGaA, Pidilite Industries Limited, Sika AG, The 3M Company, The Dow Chemicals Company, and Uniseal Inc.
Based on Technology, the adhesives market is segmented into Water-based adhesive, Solvent based adhesive, Hot melt and others.
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