Adhesives are substances used to bond two or more surfaces together by surface attachment, creating a strong, durable connection without the need for mechanical fasteners. They can be natural or synthetic and are formulated for specific applications, including structural bonding, sealing, and surface protection. The primary purpose of adhesives is to join materials efficiently, provide mechanical strength, and ensure stability in various industrial, commercial, and consumer applications.
The global adhesives market reached a value of nearly $77,491.48 million in 2024, having grown at a compound annual growth rate (CAGR) of 6.41% since 2019. The market is expected to grow from $77,491.48 million in 2024 to $113,238.93 million in 2029 at a rate of 7.88%. The market is then expected to grow at a CAGR of 8.01% from 2029 and reach $166,499.85 million in 2034.
Growth In Construction And Infrastructure Activity
During the historic period, the adhesives market was mainly driven by the growth in construction and infrastructure activity. Expansion in residential, commercial, and public infrastructure projects increased the demand for bonding and sealing solutions that provide durability, structural integrity, and ease of application. Adhesives offered advantages over traditional mechanical fasteners by enabling stronger, more flexible bonds for materials such as tiles, flooring, panels, and joints, while also supporting modern construction techniques and sustainable building practices. For instance, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, both US-based government administrations, in May 2023, privately owned home starts were occurring at a seasonally adjusted annual pace of 1,631,000, representing a 21.7% increase over the revised April 2023 prediction of 1,340,000 and a 5.7% increase over the May 2022 rate of 1,543,000. The number of privately owned home completions in May 2023 was 1,518,000 on a seasonally adjusted yearly basis. This is 5.0% over the May 2022 rate of 1,446,000 and 9.5% above the revised April 2023 estimate of 1,386,000. Additionally, in November 2023, according to the Australian Bureau of Statistics (ABS), an Australia-based government agency that collects and analyzes statistics, total construction work increased by 1.3% to $64,768.7 million, with building work rising 0.2% to $34,300.2 million. Therefore, the adhesives market was mainly driven by the growth in construction and infrastructure activity.
Development of Eco-Friendly Adhesives for Commercial Roofing Applications
Companies in the adhesives market are focusing on the development of eco-friendly adhesives tailored for commercial roofing applications. These innovations aim to reduce environmental impact while maintaining high performance, durability, and ease of application for roofing projects. For instance, in July 2025, H.B. Fuller, a US-based global adhesives manufacturer, launched Millennium PG-1 EF ECO2, an environmentally friendly adhesive designed specifically for commercial roofing. This product combines sustainable formulation with strong adhesion, ensuring reliable performance under various weather conditions and reducing the ecological footprint of roofing projects. By leveraging advanced formulation technology and sustainability expertise, H.B. Fuller aims to provide solutions that meet evolving environmental regulations and the growing demand for green construction materials.
The global adhesives market is fairly concentrated, with large players operating in the market. The top 10 competitors in the market made up 35.90% of the total market in 2024.
Adhesives Global Market Opportunities and Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global adhesives market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for adhesives? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The adhesives market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider adhesives market; and compares it with other markets.
The report covers the following chapters
- Introduction And Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by adhesive type, by application, by end user and by resin type.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by adhesive type, by application, by end user and by resin type in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size And Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for adhesives providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Adhesive Type: Structural; Tapes And Films; Threadlocks And Retainers; Liquid Gaskets; Automotive Adhesives
- 2) By Application: Bonding; Sealing; Coatings; Other Applications
- 3) By End User: Construction Industry; Packaging Industry; Automotive Sector; Electronics Industry; Household Appliances
- 4) By Resin Type: Polyurethane; Epoxy; Acrylics; Silicone; SMP; MMA; Other Resin Types
- Companies Mentioned: Henkel AG & Co. KGaA; H.B. Fuller Company; Arkema Group (Bostik); Huntsman Corporation; 3M Company
- Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; adhesives indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.