PUBLISHER: 360iResearch | PRODUCT CODE: 1464710
PUBLISHER: 360iResearch | PRODUCT CODE: 1464710
[181 Pages Report] The Adhesives Market size was estimated at USD 56.34 billion in 2023 and expected to reach USD 59.35 billion in 2024, at a CAGR 5.47% to reach USD 81.80 billion by 2030.
Adhesives encompass a broad category of materials designed to bond surfaces together in a durable and often permanent manner. These substances can be natural or synthetic and are pivotal in various industries, including automotive, construction, electronics, and healthcare. The major factors driving the expansion of adhesive use include technological advancements that improve adhesive properties and environmental considerations that favor adhesives over mechanical fastening methods. Moreover, the growing demand for lightweight and fuel-efficient vehicles encourages the automotive industry to rely on adhesives increasingly. However, challenges such as curing times, durability under extreme conditions, and potential environmental harm pose significant hurdles. Addressing these disadvantages requires ongoing R&D efforts focused on developing adhesives that cure faster, offer greater resistance to temperature and moisture, and are more eco-friendly. The increasing adoption of bio-based adhesives, advancements in medical adhesives for surgical and wound-care applications, and the expansion of electronics manufacturing require sophisticated adhesive solutions, offering opportunities for new product development.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 56.34 billion |
Estimated Year [2024] | USD 59.35 billion |
Forecast Year [2030] | USD 81.80 billion |
CAGR (%) | 5.47% |
Type: Rising popularity of water-borne adhesives with improved sustainable aspects
Hots are characterized by their solid state at room temperature and melt to a liquid upon heating. Preferred for their quick setting times and strong bond strength, they are widely used in packaging, woodworking, and electronic applications. Pressure-sensitive adhesives require only pressure to adhere to surfaces. They are versatile, not requiring heat or water for activation, making them ideal for labels, tapes, and medical patches. Reactive adhesives encompass a broad group that cures chemically, including epoxies, polyurethanes, and silicones. They are favored for their durability and resistance to temperature and chemicals, suitable for automotive and construction applications. Solvent-based adhesives contain a solvent carrier to maintain adhesive components in a liquid state. These adhesives are preferred for their strong bonding capabilities and versatility across materials like plastics, metals, and rubbers. Prominent manufacturers include Arkema, Henkel AG & Co. KGaA, and 3M. Water-based adhesives use water as a solvent and are appreciated for their low toxicity and ease of cleaning. Widely employed in the packaging, paper, and textile industries, these adhesives offer a more environmentally friendly option.
Application: Large-scale utility of adhesives in the building and construction sector worldwide
The building & construction sector heavily relies on adhesives for various applications, including flooring, roofing, panel laminating, and insulation. These applications demand adhesives that possess high strength, weather resistance, and durability. In the electrical & electronics segment, adhesives are crucial for bonding components in devices, such as smartphones, laptops, and wearables. These applications require adhesives with excellent conductivity, thermal stability, and resistance to moisture. Adhesives in the footwear & leather industry must offer flexibility and strength and be compatible with a wide range of materials. Healthcare applications of adhesives include medical tapes, wound care products, and implant coatings, necessitating biocompatibility, sterility, and compliance with stringent regulatory standards. Paper, board, & packaging is one of the largest consumers of adhesives, requiring products for packaging, labeling, and bonding applications. The focus is on adhesives that are food-safe and environmentally friendly and offer strong bond strength. Adhesives in the transportation industry are used in automotive, aerospace, and marine applications, demanding high performance in extreme conditions, including resistance to temperature variations and chemicals. Henkel and 3M are influential in this market. Woodworking & joinery require adhesives that deliver a strong bond, are easy to apply, and have a minimal environmental impact.
Regional Insights
In the Americas, the demand for adhesives is significantly driven by the construction and packaging industries, with a pronounced lean towards eco-friendly and sustainable solutions. Production technology tends to be highly advanced, with many regional companies leading in innovation. The Americas market is also characterized by strict regulatory standards pertaining to environmental and health safety. The APAC region is witnessing the fastest growth in adhesive demand, largely fueled by booming manufacturing sectors, rapid urbanization, and infrastructure development. The region benefits from lower production costs and has become a hub for both local and international adhesive companies to expand their manufacturing capabilities. The EMEA region exhibits a mature market scenario with a strong focus on technological advancements, quality, and durability of adhesives. The demand in EMEA is primarily driven by the automotive and aerospace industries, with Germany, France, and the UK at the forefront. Companies in EMEA are heavily invested in research and development, striving for product innovation to meet stringent environmental regulations and high-performance requirements. The landscape is highly competitive, with a mix of global players and specialized local enterprises.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Adhesives Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Adhesives Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Adhesives Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Arkema SA, Ashland Inc., Avery Dennison Corporation, Compagnie de Saint-Gobain S.A., Dow Chemical Company, Eastman Chemical Company, Evonik Industries AG, Franklin International, General Sealants Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation, Illinois Tool Works Inc., Mapei S.p.A, Master Bond Inc., Momentive Performance Materials Inc., Parker Hannifin Corporation, Permabond LLC, Pidilite Industries Limited, Sika AG, Tesa SE, The Reynolds Co., Wacker Chemie AG, and Yokohama Rubber Co., Ltd..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Adhesives Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Adhesives Market?
3. What are the technology trends and regulatory frameworks in the Adhesives Market?
4. What is the market share of the leading vendors in the Adhesives Market?
5. Which modes and strategic moves are suitable for entering the Adhesives Market?