Industrial Adhesives Market

Industrial Adhesives Market Analysis Report by Product Type, by Application and by End Users: Global Opportunity Analysis and Industry Forecast 2030

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The Industrial Adhesives Market Size, Scope, and Forecast 2024-2030 report has been added to the Market research collection of Exactitude Consultancy reports. Industry experts and researchers have offered an authoritative and concise analysis of the Industrial Adhesives Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Industrial Adhesives Market. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Worldwide Industrial Adhesives Market in the coming years.

The global industrial adhesives market is expected to grow at a 6% CAGR from 2023 to 2030. It is expected to reach above USD 81.58 billion by 2030 from USD 51.29 billion in 2024.

The adhesives used to bond substrates via cohesion (internal strength) and via adhesion (surface bonding) are called industrial adhesives. It can be used in a variety of applications like the building and construction industry, automotive industry, healthcare industry, and packaging industry. They allow permanent assembly for dissimilar and similar substrates. It is largely used as glass bonding in automotive applications, interior exterior trim, structural fiber-reinforced plastic bonding, and structural metal bonding. 

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Some of the key players profiled in the study are: 3M Company, Arkema S.A., Avery Dennison Corporation, H.B. Fuller, Henkel AG & Co. KGaA, Parker Hannifin Corp, Jowat SE, Pidilite Industries Limited, Wacker Chemie AG, and Delo. and other Prominent players.

Industry News and Updates:

January 30, 2022 – Dow announced that a new website, dowablatives.com, is now available to connect customers to successful DOWSIL™ protective silicone ablatives and new material innovations for rapidly growing spacecraft and satellite applications.

September 18, 2020, Bostik inaugurated the latest Industrial Adhesives plant in Japan, targeting applications in packaging, labeling, transportation, and electronics, thereby boosting growth scope across the world.

Competition is an important issue in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Industrial Adhesives Market. The major and emerging players of the Industrial Adhesives Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors. This will help players familiarize themselves with the movements of their toughest competitors in the Industrial Adhesives market.

The segmental analysis section of the report includes a thorough research study on key type and application segments of the Industrial Adhesives market

Industrial Adhesives Market By Type, 2023-2030, (USD Billion), (Kilotons)

Water-Based Adhesives

Solvent-Based Adhesives

Hot-Melt Adhesives

Others

Industrial Adhesives Market By Composition, 2023-2030, (USD Billion), (Kilotons)

Polyurethane

Epoxy

Vinyl

Acrylic

Others

Industrial Adhesives Market By Application, 2023-2030, (USD Billion), (Kilotons)

Packaging Industry

Construction Industry

Automotive Industry

Electrical & Electronics

Others

Industrial Adhesives Market Regional Analysis/Insights

The industrial adhesives market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).

North America: includes the US, Canada, Mexico
Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
South America: includes Brazil, Argentina and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

The Asia Pacific region is the most promising in the global industrial adhesives market. In the year 2020, the region captured the largest market value share, accounting for nearly half of the global market, and this trend is expected to continue throughout the analysis period. The shifting manufacturing bases of automotive manufacturers in China, Thailand, India, Vietnam, and other Asian countries are the primary factors attributed to the region’s rapid growth. Furthermore, the region has seen accelerated growth in the packaging industry as a result of the rising demand for packaged foods. As a result, the aforementioned factors contribute significantly to market growth in the Asia Pacific region.

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Market Dynamics

Drivers

Numerous factors drive the market demand in the Industrial Adhesives Market. Increasing stringent environmental rules and regulations coupled with increasing demand for industrial adhesives results in more demand for both solvent-based adhesives and water-based adhesives. As these are largely used in the automotive industry, aerospace industry, and construction industry and hence drives the market demand all across the globe during the review period. Moreover, it is used in the automobile industry for reducing the need for welding and rivets and to join interior parts.

Opportunities

The rise in the demand for Industrial Adhesives Market in the global market. Ongoing extensive research done by various major key players provides various growth opportunities in the global market during the forecasted period. Moreover, using these types of adhesives helps in the weight reduction of vehicles which helps in improving fuel economy all across the globe and hence provides various growth opportunities during the review period.

Restraints

Though the Industrial Adhesives Market is increasing tremendously in the global market, some factors restrict the market growth. Increasing stringent rules and regulations regarding the use of solvent-based adhesives restraints the market demand in the global market during the review period. Moreover, increasing fluctuations in oil prices are yet another restraining factor that hinders the market demand all across the globe during the forecasted period. Lack of awareness regarding the availability of these adhesives hampers the market growth in the global market.

Value Chain Analysis

The Industrial Adhesives Market is growing at an incredible rate globally due to various benefits associated with it. It helps in decreasing the weight of vehicles by approximately 10% which results in the reduction of fuel consumption by approximately 5-7%. Since increasing environmental issues and rising fuels prices is another factor that drives the market demand in the global market during the forecasted period. Moreover, the requirement of high-quality adhesion in various outer bodies components of aircraft is very much beneficial and hence provides various growth opportunities in the global market. These industrial adhesives are highly used in the construction industry and various other end-user industries as well.

Here's how Exactitude Consultancy helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The researchers analyse recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures.

Perfect Market Size Estimations: The report analyses the demographics, growth potential, and capability of the Industrial Adhesives market through the forecast period.

This factor leads to the estimation of the Industrial Adhesives market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular Industrial Adhesives market that will help the stakeholders to be aware of the current investment scenario across the market.

The new edition of the report consists of trends/disruptions on customer’s business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Industrial Adhesives.

Customization services available with the report:

- Country level market for Industrial Adhesives market (up to 5)
- Profiling and additional market players (up to 5)
- Up to 40 hours of customization.
- post-sales support for 1 year from the date of delivery.

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