Adhesives Industry Archives

Adhesives Industry Data Book | Forecast 2030

Grand View Research’s adhesives sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

The economic value generated by the adhesives industry was estimated at approximately USD 111.58 billion in 2022. This economic output is an amalgamation of basic adhesives categories namely, packaging adhesives, construction adhesives, wood adhesives, medical adhesives, automotive adhesives, and other adhesives.

Access the Global Adhesives Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Packaging Adhesives Market Report Highlights

Water-based technology segment is projected to register a CAGR of 5.6%, in terms of volume, over the forecast period. The growth rate is attributable to increasing use of water-based products such as gluten, PVA, and starch in flexible packaging.

Hot melt segment is anticipated to grow at a CAGR of 5.8%, in terms of volume, during the forecast period. Its high growth is due to its superior properties such as thermal stability and fast curing over water-based and solvent-based products.

Boxes & cases segment held the largest revenue share, accounting for 36.0% in 2018, owing to increasing demand for corrugated boxes in transportation.

Asia Pacific was the largest regional segment in 2018, accounting for a revenue share of 39.3% of the market. The large share is owing to the rising disposable income and changing lifestyle of the consumers, which is propelling the demand for packaged food and beverages in the region.

In August 2018, Bostik acquired a business segment of Nitta Gelatin, Inc., and formed joint venture named Bostik-Nitta. Complementing this acquisition, a new adhesives plant will be constructed in Japan, which will focus on non-woven markets.

Order your copy of the Free Sample of “Adhesives Industry Data Book – Packaging Adhesives, Construction Adhesives, Wood Adhesives, Medical Adhesives, Automotive Adhesives and Other Adhesives Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Construction Adhesives Market Report Highlights

Polyvinyl acetate resins witnessed the fastest growth rate with a CAGR of nearly 5.9%. These adhesives do not contain solvents and are therefore useful to consolidate porous construction materials such as sandstone

Reactive & other technology witnessed the fastest growth rate with a CAGR of nearly 5.2%. These technologies exhibit long-term durability and high bond strength under severe environmental conditions

Commercial applications witnessed the fastest growth rate with a CAGR of nearly 5.4% from 2024 to 2030. The segment growth over the anticipated period is anticipated to profit from the rising number of commercial buildings, such as pharmacies, grocery stores, and large box stores that have been constructed over the past few years

The Asia Pacific region dominated the market with the highest revenue share of 39.39% in 2023. The market is growing due to factors such as strong economic development coupled with population expansion in countries such as China and India is expected to increase construction spending in Asia Pacific over the forecasted period

Henkel AG & Co. KGaA, Dow, 3M, Arkema, and H.B. Fuller companies dominated the market with their continuous involvement in acquisitions, partnerships, and manufacturing facility expansions

Wood Adhesives Market Report Highlights

Urea-formaldehyde (UF) dominated the market in 2023 with a significant volume share of 31.4%, due to its low cost

Soy-based adhesives are anticipated to witness the fastest revenue growth, with a CAGR of 10.0% from 2024 to 2030. The environmental advantages offered by the product is estimated to play a key role for its increasing demand

Flooring is estimated to be the fastest growing application, in terms of revenue, with a CAGR of 9.3% from 2024 to 2030. Increasing construction spending and the rise in demand for luxurious and comfortable flooring is expected to facilitate the segment growth

Particle Board (PB) held the largest share in the wood adhesive consumption, with a significant volume share of 27.1% in 2023

Asia Pacific dominated the wood adhesives market with a significant volume share of 58.6% in 2023, owing to the extensive engineered wood-based panel production in the region

Competitive Insights

The adhesives market is a highly competitive and dynamic industry that offers a wide range of adhesive solutions for various applications. To gain a competitive edge in this market, companies need to stay abreast of industry trends, customer demands, and technological advancements. Companies involved in the manufacturing of adhesives, such as Henkel, 3M, and H.B. Fuller, procure raw materials from chemical manufacturers. Owing to this, a moderate level of integration exists in the value chain. The operations of some of the major chemical companies such as Dow are forward integrated, as they are capable of producing raw materials and processed adhesive products. Key manufacturers in the market include Henkel AG & Co. KGaA, Sika AG, Dow, Arkema, H.B. Fuller Company, Pidilite Industries Ltd. & Co. KGaA, Avery Denison Corporation, Huntsman, and Wacker Chemie AG.

Adhesives Industry | Forecast 2030

Adhesives Industry Data Book – Packaging Adhesives, Construction Adhesives, Wood Adhesives, Medical Adhesives, Automotive Adhesives and Other Adhesives Market

The global adhesives market has witnessed remarkable growth in the recent past due to technological advancements, increasing demand from various industries, environmental concerns, and cost and performance benefits. The development of specialized adhesives, the focus on sustainability, and the adoption of adhesives in emerging sectors like electronics and healthcare are driving the expansion of the market. As industries continue to seek innovative and efficient bonding solutions, the adhesives market is expected to grow further in the coming years.

Access the Global Adhesives Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Adhesives Industry Data Book Coverage Snapshot

Markets Covered

Adhesives Industry 19,905 Kilotons in 2022 5.2% CAGR (2023-2030)
Packaging Adhesives Market 4,806.5 Kilotons in 2022 5.8% CAGR (2023-2030)
Construction Adhesives Market 3,151.4 Kilotons in 2022 4.4% CAGR (2023-2030)
Wood Adhesives Market 2,538.3 Kilotons in 2022 4.5% CAGR (2023-2030)
Medical Adhesives Market 1,863.4 Kilotons in 2022 7.3% CAGR (2023-2030)
Automotive Adhesives Market 1,472.1 Kilotons in 2022 4.9% CAGR (2023-2030)
Other Adhesives Market 6,074.2 Kilotons in 2022 4.7% CAGR (2023-2030)

Packaging Adhesives Market Growth & Trends

The global packaging adhesives market size is anticipated to reach USD 15.82 billion by 2025, according to a new report by Grand View Research, Inc. expanding at a CAGR of 5.8% over the forecast period. The market is majorly driven by the growing demand from packaged food & beverages industry.

The increasing consumer demand for packaged food products is expected to fuel the market growth. The packaged food offers extended shelf life at ambient temperatures which makes easy and convenient consumption. Flexible packaging is gaining popularity in packaged food industry and increasing use of adhesives in its manufacturing is predicted to propel the market over the forecast period.

Construction Adhesives Market Growth & Trends

The global construction adhesive market size is expected to reach USD 14.76 billion by 2030, registering a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The emergence of COVID-19 affected the construction industry around the world in 2020, and its impact continued in 2021 and 2022 as well in certain countries.

Construction represents close to a 13% share of the global GDP. Thus, a short impact on the sector affects the materials demand, thereby reducing the growth of the market. Most of the construction sites during the first half of 2020 faced numerous challenges associated with operations and supply chains. However, the market started recovering in 2021. Construction spending on infrastructure projects is likely to rise in 2022, on account of the passage of public and private investments.

Wood Adhesives Market Growth & Trends

The global wood adhesives market size is anticipated to reach USD 12.52 billion by 2030 and is projected to grow at CAGR of 8.6% from 2024 to 2030, as per the new report by Grand View Research, Inc. The increasing demand from engineered wood-based panel manufacturers is a significant driver of the market.

Adhesives are a preferred choice for binding wood strips, chips, fibers, strands, and veneers for manufacturing engineered wood-based panels such as plywood, particle board, oriented strand board, medium density fiberboard, and high density fiberboards. Increasing population and rapid urbanization accompanied with the government efforts to boost residential construction are likely to propel the demand for wood-based panels, which in turn is expected to support the market growth.

Competitive Insights