USD 43.2 billion
Report ID:
SQMIG25A2389 |
Region:
Global |
Published Date: January, 2025
Pages:
198
|Tables:
92
|Figures:
71
Industrial Adhesives Market size was valued at USD 43.2 billion in 2023 and is poised to grow from USD 45.4 billion in 2024 to USD 67.59 billion by 2032, growing at a CAGR of 5.1% during the forecast period (2025-2032).
Industrial adhesives market is expected to witness lucrative growth opportunities in the future due to rapid urbanization, increasing population, growing new construction and infrastructure development activities. Increasing demand for construction materials that offer high adherence, improved performance and simpler application methods are further driving the industrial adhesives market.
Growing demand for water-based adhesives due to rising environmental concerns is expected to offer additional market opportunities. Water-based adhesives are manufactured from water, polymers and a choice of additives. They cure by the evaporation of the water and are often used in gluing porous or semi-porous materials such as cardboard, paper, and wood.
Significant growth in the automobile sector along with rising demand from packaging industries are some of the prominent factors that drive the market for industrial adhesives. Its increasing application in automotive industry is mainly because of its favorable properties that includes flexibility, lower costs, solvent-free, high fatigue & thermal shock tolerance, less vibration, reduced waste, and high productivity. Industrial adhesives are an excellent replacement for conventional bonding materials such as hoods, fasteners used indoors, deck lid flanges, dashboards, roof panels, and other automotive components.
In addition, advanced bonding technologies help to reduce time as well as cost of the overall manufacturing process that increases the profit margin in an industry. Further, the new bonding technology also reduces the overall weight of a vehicle that ultimately enhances its fuel efficiency. This is a major trend accepted worldwide by several automotive manufacturers particularly in the electric vehicles and autonomous vehicles manufacturing process. Increasing government regulation for reducing carbon emission further drives the growing adoption of industrial adhesives in the automotive sector.
Market snapshot - 2025-2032
Global Market Size
USD 43.2 billion
Largest Segment
Epoxy
Fastest Growth
Polyurethane
Growth Rate
5.1% CAGR
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Global Industrial Adhesives Market is segmented by Product Type, Technology, End Use Industry and region. Based on Product Type, the market is segmented into Acrylic Adhesive, Epoxy Based Adhesive, PVA, Polyurethane, EVA and Others. Based on Technology, the market is segmented into UV Cure Adhesive, Pressure Sensitive Adhesive, Water-based Adhesive, Solvent Based Adhesive, Hot Melt Adhesive and Others. Based on End Use Industry, the market is segmented into Automotive & Aerospace, Healthcare & Hygiene, Consumer Goods, Packaging, Construction, Electronics, Furniture & Metalwork, Glass Making, Footwear, Paper and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The epoxy segment occupies a dominant position in the industrial adhesives market, mainly due to its exceptional bond strength, chemical resistance and durability, epoxy adhesives are widely used in complex industrial applications, especially in aerospace and in the automotive industry. Their superior mechanical properties including high tensile strength and resistance to temperature changes make them ideal for bonding metals, composites and plastics. Epoxy adhesives are also valued for their manufacturability stronger and longer-lasting connections due to increasing demand for the demanding industries such as electronics and components because high-performance fabrics are driving uptake a highly atomized coatings with epoxy.
As per the global industrial adhesives market analysis, polyurethane segment is the fastest growing segment due to its versatility and performance in a wide range of applications. Polyurethane adhesives are known for good bond strength, flexibility and resistance to environmental factors such as water, heat and chemicals. For example, in the automotive industry, polyurethane adhesives are used to support components such as windshields, dashboards and body panels due to their resistance to vibration and temperature fluctuations. Additionally, polyurethane adhesives are increasingly favored in sustainable product designs due to their ability to provide durable, long-lasting bonds with minimal environmental impact.
As per the global industrial adhesives market outlook, the water-based adhesives are the dominating segment. The water-based adhesives segment is a key contributor to the industrial adhesives market, mainly because these products using water as the main control agent are non-destructive, environmentally friendly and non-toxic. Their low levels of volatile organic compounds (VOCs) are in line with increasing regulatory requirements for sustainability and environmental protection. Liquid adhesives are widely used in the packaging, paper and wood industries due to their excellent bonding properties on porous surfaces such as paper, paper, wood and others. Furthermore, increasing emphasis on green manufacturing processes continues to expand the use of adhesives in various industries.
The solvent-based adhesives are the fastest growing segment in the market. The solvent-based adhesives segment plays a key role in applications that require good bond strength, durability and resistance to extreme conditions. These adhesives use solvents to create a strong and durable bond, making it ideal for automotive, aerospace, construction and other applications. Solvent-based adhesives are particularly effective for bonding porous materials such as steel, plastic, and rubber. Despite its efficiency, the segment faces challenges due to environmental concerns and stringent VOC regulations. These adhesives can bond different types of substrates such as metals, plastics, composites, and wood. Their ability to adhere to a wide range of materials makes them an ideal choice in many manufacturing and assembly processes.
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North America plays a dominant role in the industrial adhesives market due to its technological advancements and focus on sustainability in this region. 3M, Henkel, and H.B. Fuller are making significant investments in research and development to create advanced adhesive solutions. Key industries in North America, including automotive, aerospace, manufacturing, and packaging, play a major role in driving the demand for high-performance textiles. The adoption of environmentally friendly and low VOC adhesives in this region has increased with stringent environmental regulations such as U.S. Environmental Protection Agency (EPA) guidelines. In addition, solvent-based epoxy adhesives are used for high-pressure applications in the automotive, aerospace and aerospace industries in North America, increasing the demand for advanced bonding solutions.
As per industrial adhesives market forecast, Asia Pacific region is the fastest growing due to the booming construction and durable consumer industry in China, India, Japan, and South Korea. The establishment of foreign industries owing to business-friendly government policies and the rise in residential and commercial projects has supported infrastructural development in the region. As Asia Pacific economies continue to thrive and innovate, industrial adhesives play a crucial role in enhancing production efficiency, product quality, and sustainability. This trend underscores the region's pivotal position in driving global demand for industrial adhesives.
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The global industrial adhesives industry is highly competitive, with many key players dominating the landscape through innovation, technological development and strategic expansion. Companies such as 3M, Henkel and BASF, looking at different industries with automotive, packaging, electronics and healthcare durability in industrial applications, focusing on high-performance chemical adhesives that meet increasing demand for applications well the handling and customization.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the industrial adhesives market experiences heightened demand due to the rising expansion of production facilities by leading companies. Companies prioritize adhesives that meet stringent standards, driving growth in the market. The rise of infrastructure projects and the expanding packaging industry further fuel demand. These adhesives enhance application precision, speed, and efficiency, meeting the needs of diverse industries. These regions are expected to drive significant growth and innovation. Integration of smart technologies, including UV-cured adhesives, and pressure-sensitive formulations, creates new avenues for innovation.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 43.2 billion |
Market size value in 2032 | USD 67.59 billion |
Growth Rate | 5.1% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Industrial Adhesives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Adhesives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Adhesives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Adhesives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
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Global Industrial Adhesives Market size was valued at USD 1.07 Billion in 2023 and is poised to grow from USD 1.14 Billion in 2024 to USD 1.82 Billion by 2032, growing at a CAGR of 6.04% in the forecast period (2025-2032).
The global industrial adhesives industry is highly competitive, with many key players dominating the landscape through innovation, technological development and strategic expansion. Companies such as 3M, Henkel and BASF, looking at different industries with automotive, packaging, electronics and healthcare durability in industrial applications, focusing on high-performance chemical adhesives that meet increasing demand for applications well the handling and customization. '3M Company', 'Henkel AG & Co. KGaA', 'BASF SE', 'Sika AG', 'The Dow Chemical Company', 'H.B. Fuller Company', 'Avery Dennison Corporation', 'Arkema Group', 'ITW (Illinois Tool Works Inc.)', 'Momentive Performance Materials Inc.', 'Ashland Global Holdings Inc.', 'Lord Corporation', 'Wacker Chemie AG', 'Southeast Adhesives, Inc.', 'Paramelt B.V. '
The growing adoption of lightweight materials in manufacturing, especially in automotive and aerospace industries, is a major driver. Adhesives play a crucial role in bonding advanced materials like composites and aluminum, enabling weight reduction while maintaining structural integrity. This trend aligns with the industry's focus on fuel efficiency and performance.
Fast Paced Growth of E-commerce Industry in Developing Nations: The packaging industry started with multiple long-term trends driving higher demand, and growth accelerated as economic activity switched to address the challenges posed by the COVID-19 pandemic. The industry's robust performance supported rising revenues and the expansion of important end markets such as food and beverage and healthcare and demonstrated the industry's general stability during a period of overall economic uncertainty.
North America plays a dominant role in the industrial adhesives market due to its technological advancements and focus on sustainability in this region. 3M, Henkel, and H.B. Fuller are making significant investments in research and development to create advanced adhesive solutions. Key industries in North America, including automotive, aerospace, manufacturing, and packaging, play a major role in driving the demand for high-performance textiles. The adoption of environmentally friendly and low VOC adhesives in this region has increased with stringent environmental regulations such as U.S. Environmental Protection Agency (EPA) guidelines. In addition, solvent-based epoxy adhesives are used for high-pressure applications in the automotive, aerospace and aerospace industries in North America, increasing the demand for advanced bonding solutions.
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