The increasing preference for efficient and high-performance adhesives in various end-use industries, such as automotive and construction, is driving the steady expansion of the global adhesive market at a 5% CAGR from 2024 to 2034. The market is calculated at $68.94 billion in 2024 and is projected to reach $112.29 billion by 2034. The expansion of the building & construction industry is set to contribute to the rising sales of adhesives. They are utilized in multiple applications, such as ceilings, windows, walls, glazing, and flooring.

Consumer, transportation, automotive, etc., are some other applications of adhesives. Increased demand for eco-friendly, economical, and lightweight vehicles is positively impacting sales of adhesives.

Key Takeaway from the Market Study:

• Global sales of adhesives are poised to reach US$ 68.94 billion in 2024.
• The global adhesive market is forecasted to reach US$ 112.29 billion by the end of 2034.
• The market has been projected to advance at a CAGR of 5% from 2024 to 2034.
• Sales of adhesives in Japan are evaluated to rise at a CAGR of 5.2% from 2024 to 2034.
• East Asia is approximated to hold 24.6% of the global market revenue share by the end of 2034.
• Worldwide demand for reactive adhesives is anticipated to increase at a 5.1% CAGR and reach a value of US$ 14.89 billion by 2034.

“Development of sustainable and non-hazardous adhesives and expansion of the construction industry are set to drive global market growth going forward,” says a Fact.MR analyst.

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Huge Presence of Adhesive Manufacturing Units in China

Sales of adhesives in China are forecasted to rise at a CAGR of 6.1% and reach US$ 15.83 billion by the end of 2034. Some of the key adhesive manufacturing plants are present in China and manufacturers from these units are spending more to increase their production capacity, which is ultimately contributing to revenue streams. In addition, rising expenditure by these market companies in R&D activities for the production of more advanced and effective adhesives is helping them strengthen their market presence.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the adhesive market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights into the market based on type (water-based, solvent-based, hot melt, reactive, pressure sensitive adhesives (PSA)), application (packaging, building/construction, transportation, footwear & leather goods, product assembly, consumer/DIY applications), and product (acrylics-based, epoxy-based, polyvinyl acetate (PVA)–based, polyurethane (PU)-based, styrenic blook-based), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).

Key Companies Profiled:

H.B. Fuller Company; 3M; Wacker Chemie AG; Arkema S.A.; Sika AG; Henkel Corporation; Ashland Inc.; RPM International Inc.; Avery Dennison; PPG Industries; BASF SE; Evonik Industries

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Industry News:

In January 2020, GE Sealants & Adhesives came up with a novel product line of caulks and sealants to offer protection to paints used in outside and inside home renovation, such as bath & kitchens, doors & windows, painting & sealing, etc.

Bostik is one of the popular specialists in adhesives for industrial, construction, and consumer markets. In September 2019, the company launched innovative and modified silicone sealants for use in back bedding.

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Rising demand for lightweight and fuel-efficient vehicles pushing use of adhesives. For more details, acquire the full research report published by Fact.MR.