Industrial Adhesive Market Size, Share, Growth, Trends, and Industry Analysis: By Product Type, MS polymer, and Others), By Technology, By End-user Industry, and Region
Industrial Adhesive Market size was valued at US$ 49,278.3 million in 2023 and grew at 7.1% CAGR from (2024-2030). Industrial adhesives are specialized bonding agents used in the joining of materials during various industrial processes. Unlike the traditional mechanical fastening, such as by bolts, screws, or welding, adhesives distribute stress evenly across the bonded area and, as such, provide strong and durable bonds. Adhesives are vital during manufacturing because they offer certain advantages in terms of reducing weight and structural integrity, aspects that enhance efficiency in production. The automotive industry is a major driver of the market. Adhesives are used extensively in vehicle assembly, particularly in bonding lightweight materials such as aluminum and composites, which are critical for improving fuel efficiency. According to the International Energy Agency (IEA), global car sales reached 79 million units in 2022, driven by demand for fuel-efficient vehicles, boosting the need for advanced adhesives.
However, the prices of raw materials used in adhesive production, particularly those derived from petrochemicals, can fluctuate significantly, impacting overall production costs.
Whereas, rapid industrialization and urbanization in regions like Asia-Pacific and Latin America present significant opportunities for the market. According to the World Bank, India’s manufacturing sector grew by 9.6% in 2022, highlighting the expanding demand for adhesives in construction, automotive, and packaging sectors.
Study Period
2024-2030Base Year
2023CAGR
7.1%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
The automotive industry is one of the largest consumers in the industrial adhesive market. The key driving factors include the move toward lightweight vehicles for better fuel efficiency and reduced emissions. This has raised interest in adhesives over mechanical fasteners for bonding lightweight materials such as aluminum, composites, and plastics. These are crucial materials for the manufacture of energy-efficient vehicles, such as EVs. For Instance, Tesla introduced the Model Y in 2021, it exploited a bonding system for its aluminum and steel parts using adhesives. This technology greatly reduced weight while improving the structural integrity to provide better range and efficiency. According to the U.S. Department of Energy, for every 10% reduction in a vehicle's weight, there is an improvement in fuel economy by 6-8%. Because of this, there is an increasing demand for industrial adhesives within automotive manufacturing.
Based on the region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The industrial adhesive market is dominated by the Asia-Pacific region, which has its wide manufacturing base, especially in China, as it is the world's largest producer and consumer of industrial adhesives. The contribution of economic growth, along with rapid industrialization and expansion of the automotive and electronics industries, is huge to the domination of this region in the market.
According to the National Bureau of Statistics of China, industrial output in China grew by 6.3% in 2022, coupled with the production of 26 million vehicles, hence marking China as one of the largest contributors to the market. North America is fastest growing market followed by Europe. Other regions like Latin America and MEA shows steady growth in market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 49,278.3 million |
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Market CAGR |
7.1% |
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By Product Type |
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By Technology |
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By End User |
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The global industrial adhesive market size was valued at US$ 49,278.3 million in 2023 and is projected to grow at a CAGR of 7.1% from 2024 to 2030.
Industrial adhesives are bonding agents used in various industries to join materials like metals, plastics, and composites, offering strong, durable, and efficient bonding solutions.
The market is growing due to the increasing demand from key industries like automotive, electronics, and construction, along with the shift towards eco-friendly adhesives.
A major challenge is the volatility in raw material prices, particularly those derived from petrochemicals, which impacts production costs.
| 1.Executive Summary |
| 2.Global Industrial Adhesives Market Introduction |
| 2.1.Global Industrial Adhesives Market - Taxonomy |
| 2.2.Global Industrial Adhesives Market - Definitions |
| 2.2.1.By Product Type |
| 2.2.2.By Technology |
| 2.2.3.By End-use Industry |
| 2.2.4.By Region |
| 3.Global Industrial Adhesives Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 4.Global Industrial Adhesives Market Analysis, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Industrial Adhesives Market By Product Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Polyurethane |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Acrylic |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Epoxy |
| 5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Polyvinyl Acetate |
| 5.4.1.Polyvinyl Acetate Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Ethylene-vinyl Acetate (EVA) |
| 5.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. MS polymer |
| 5.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Others |
| 5.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6.Global Industrial Adhesives Market By Technology, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Water-based Adhesive |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Solvent-based Adhesive |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Hot Melt Adhesive |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Pressure Sensitive Adhesive |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. UV Cure Adhesive |
| 6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Industrial Adhesives Market By End-use Industry, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. Packaging Industry |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Construction Industry |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Automotive & Aerospace |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Electrical & Electronics |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Industrial Adhesives Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Industrial Adhesives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Polyurethane |
| 9.1.2.Acrylic |
| 9.1.3.Epoxy |
| 9.1.4.Polyvinyl Acetate |
| 9.1.5.Ethylene-vinyl Acetate (EVA) |
| 9.1.6.MS polymer |
| 9.1.7.Others |
| 9.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Water-based Adhesive |
| 9.2.2.Solvent-based Adhesive |
| 9.2.3.Hot Melt Adhesive |
| 9.2.4.Pressure Sensitive Adhesive |
| 9.2.5.UV Cure Adhesive |
| 9.2.6.Others |
| 9.3. End-use Industry Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Packaging Industry |
| 9.3.2.Construction Industry |
| 9.3.3.Automotive & Aerospace |
| 9.3.4.Electrical & Electronics |
| 9.3.5.Others |
| 9.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Industrial Adhesives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Polyurethane |
| 10.1.2.Acrylic |
| 10.1.3.Epoxy |
| 10.1.4.Polyvinyl Acetate |
| 10.1.5.Ethylene-vinyl Acetate (EVA) |
| 10.1.6.MS polymer |
| 10.1.7.Others |
| 10.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Water-based Adhesive |
| 10.2.2.Solvent-based Adhesive |
| 10.2.3.Hot Melt Adhesive |
| 10.2.4.Pressure Sensitive Adhesive |
| 10.2.5.UV Cure Adhesive |
| 10.2.6.Others |
| 10.3. End-use Industry Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Packaging Industry |
| 10.3.2.Construction Industry |
| 10.3.3.Automotive & Aerospace |
| 10.3.4.Electrical & Electronics |
| 10.3.5.Others |
| 10.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11.Asia Pacific (APAC) Industrial Adhesives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Polyurethane |
| 11.1.2.Acrylic |
| 11.1.3.Epoxy |
| 11.1.4.Polyvinyl Acetate |
| 11.1.5.Ethylene-vinyl Acetate (EVA) |
| 11.1.6.MS polymer |
| 11.1.7.Others |
| 11.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Water-based Adhesive |
| 11.2.2.Solvent-based Adhesive |
| 11.2.3.Hot Melt Adhesive |
| 11.2.4.Pressure Sensitive Adhesive |
| 11.2.5.UV Cure Adhesive |
| 11.2.6.Others |
| 11.3. End-use Industry Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Packaging Industry |
| 11.3.2.Construction Industry |
| 11.3.3.Automotive & Aerospace |
| 11.3.4.Electrical & Electronics |
| 11.3.5.Others |
| 11.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Latin America Industrial Adhesives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Polyurethane |
| 12.1.2.Acrylic |
| 12.1.3.Epoxy |
| 12.1.4.Polyvinyl Acetate |
| 12.1.5.Ethylene-vinyl Acetate (EVA) |
| 12.1.6.MS polymer |
| 12.1.7.Others |
| 12.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Water-based Adhesive |
| 12.2.2.Solvent-based Adhesive |
| 12.2.3.Hot Melt Adhesive |
| 12.2.4.Pressure Sensitive Adhesive |
| 12.2.5.UV Cure Adhesive |
| 12.2.6.Others |
| 12.3. End-use Industry Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Packaging Industry |
| 12.3.2.Construction Industry |
| 12.3.3.Automotive & Aerospace |
| 12.3.4.Electrical & Electronics |
| 12.3.5.Others |
| 12.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Brazil |
| 12.4.2.Mexico |
| 12.4.3.Rest of LA |
| 13.Middle East and Africa Industrial Adhesives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Polyurethane |
| 13.1.2.Acrylic |
| 13.1.3.Epoxy |
| 13.1.4.Polyvinyl Acetate |
| 13.1.5.Ethylene-vinyl Acetate (EVA) |
| 13.1.6.MS polymer |
| 13.1.7.Others |
| 13.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Water-based Adhesive |
| 13.2.2.Solvent-based Adhesive |
| 13.2.3.Hot Melt Adhesive |
| 13.2.4.Pressure Sensitive Adhesive |
| 13.2.5.UV Cure Adhesive |
| 13.2.6.Others |
| 13.3. End-use Industry Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Packaging Industry |
| 13.3.2.Construction Industry |
| 13.3.3.Automotive & Aerospace |
| 13.3.4.Electrical & Electronics |
| 13.3.5.Others |
| 13.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.GCC Countries |
| 13.4.2.South Africa |
| 13.4.3.Rest of MEA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Sika |
| 14.2.2.3M |
| 14.2.3.Henkel AG |
| 14.2.4.H.B. Fuller |
| 14.2.5.Bostik |
| 14.2.6.Huntsman Corporation |
| 14.2.7.Pidilite Industries |
| 14.2.8.Sabre Adhesive |
| 14.2.9.Dinol |
| 14.2.10.Teraoka Seisakusho CO., LTD. |
| 14.2.11.Avery Dennison |
| 14.2.12.Wacker Chemie AG |
| 14.2.13.MAPEI |
| 15. Research Methodology |
| 16. Appendix and Abbrevations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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