Industrial Adhesives Market Size was valued at USD 47.66 billion in 2023. The Industrial Adhesives industry is projected to grow from USD 50.7 billion in 2024 to USD 69.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.7% during the forecast period (2024-2032).
The adhesives used to bond substrates via cohesion (internal strength) and via adhesion (surface bonding) are called industrial adhesives. It can be used in a variety of applications like the building and construction industry, automotive industry, healthcare industry, and packaging industry. They allow permanent assembly for dissimilar and similar substrates. It is largely used as glass bonding in automotive applications, interior exterior trim, structural fiber-reinforced plastic bonding, and structural metal bonding. 
The global pandemic of COVID 19 has affected a major chunk of the population. Many people have lost their livelihood because of this global pandemic. It has affected the dynamics and growth of several industries. Everyone is worried about their immunity and follows social distancing. During the lockdown situation, operational activities of various end-user industries were halted, resulting in a demand shrink for the Industrial Adhesives Market, which further leads to decreased sales revenue. The supply chain networks were also disrupted which lead to a decline in profit margin.
However, the Industrial Adhesives Market is expected to recover from this global pandemic by the end of the third quarter of the coming year by properly strategizing according to the needs of the market.
The company Fevikwik, which manufactures instant adhesive solutions under the Fevikwik brand, announced in 2024 the introduction of Fevikwik Precision Pro, Fevikwik Gel, Fevikwik Advanced, and Fevikwik Craft. The goal of introducing new products is to transform the way consumers experience repairs for a variety of use cases.
DuPont formally opened their new adhesives production plant in Zhangjiagang (ZJG), East China, in 2023 with a ceremony. The new plant will make adhesives for the transportation sector's clients, namely in the rapidly expanding lightweighting and vehicle electrification markets. The facility is built to provide a top-notch client experience with cutting-edge process capability and quality, technical support, and good connectivity to transportation for shipping and logistics benefits. It has the capacity to meet regional needs.
The Printvinyl Scored product line, which consists of two pressure-sensitive adhesive (PSA) products with a scored liner for wide-format and screen printers, was introduced by Mactac Graphics and Signage Solutions in 2023. With its unique 1.25" spacing, the Mactac Printvinyl ensures a smooth and hassle-free removal procedure. With an easy-to-remove scored liner, products can be printed on both the liner and film face to increase their potential for promotional messaging. With a 3.2 mil matte white polymeric vinyl film and a 78# bleached kraft liner back scored liner at 1.25" apart, PVS528P features a permanent acrylic adhesive.
Drivers
Numerous factors drive the market demand in the Industrial Adhesives Market. Increasing stringent environmental rules and regulations coupled with increasing demand for industrial adhesives results in more demand for both solvent-based adhesives and water-based adhesives. As these are largely used in the automotive industry, aerospace industry, and construction industry and hence drives the market demand all across the globe during the review period. Moreover, it is used in the automobile industry for reducing the need for welding and rivets and to join interior parts.
Opportunities
The rise in the demand for Industrial Adhesives Market in the global market. Ongoing extensive research done by various major key players provides various growth opportunities in the global market during the forecasted period. Moreover, using these types of adhesives helps in the weight reduction of vehicles which helps in improving fuel economy all across the globe and hence provides various growth opportunities during the review period.
Restraints
Though the Industrial Adhesives Market is increasing tremendously in the global market, some factors restrict the market growth. Increasing stringent rules and regulations regarding the use of solvent-based adhesives restraints the market demand in the global market during the review period. Moreover, increasing fluctuations in oil prices are yet another restraining factor that hinders the market demand all across the globe during the forecasted period. Lack of awareness regarding the availability of these adhesives hampers the market growth in the global market.
Value Chain Analysis
The Industrial Adhesives Market is growing at an incredible rate globally due to various benefits associated with it. It helps in decreasing the weight of vehicles by approximately 10% which results in the reduction of fuel consumption by approximately 5-7%. Since increasing environmental issues and rising fuels prices is another factor that drives the market demand in the global market during the forecasted period. Moreover, the requirement of high-quality adhesion in various outer bodies components of aircraft is very much beneficial and hence provides various growth opportunities in the global market. These industrial adhesives are highly used in the construction industry and various other end-user industries as well.
The Industrial Adhesives Market has been divided all across the globe based on Type, Application, and Region.
Based on the Type
The Industrial Adhesives Market has been divided all across the globe based on the type into ethyl vinyl acetate type, polyurethane type, epoxy type, polyvinyl acetate type, acrylic type, and many others.
Based on the Application
The Industrial Adhesives Market has been divided all across the globe based on the application into medical devices, electronics and electrical industries, construction industries, automotive industries, and many others.
Based on the Region
The market has been divided in the Industrial Adhesives Market based on the region into North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region.
The Industrial Adhesives Market has been divided all across the globe based on the regions into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. Being the fastest-growing region, the largest market share in the global market is held by the Asia-Pacific region owing to growing demand in the electronic industry and automotive industry that drives the market demand in this region. The presence of China is another major driving factor as it has a manufacturing hub that creates more demand in this region. Increasing development in the footwear industry is another contributing factor.
The second-largest market share in the Industrial Adhesives Market is held by the European region owing to the presence of well-established technologically advanced infrastructure that drives the market demand to this region. Moreover, increasing development in the automotive industry in various countries like Italy, France, and Germany is another contributing factor.
The third-largest market share in the Industrial Adhesives Market is held by the North American region owing to increasing development in the construction industry that drives the market demand to this region. Increasing construction of restaurants, malls, offices, and many other commercial buildings drives the market demand.
The Latin American region and the Middle East and African region hold the least Industrial Adhesives Market Share due to the presence of low infrastructure in both these regions. Low per capita disposable income is another contributing factor that restricts the market growth in these regions.
The Most Prominent Major Key Players in the Industrial Adhesives Market all across the globe are mentioned below:
These major key players use various strategies to sustain their market position in the Industrial Adhesives Market in the global market by going for mergers, and acquisitions, by collaborating, setting up a joint venture, establishing a partnership, developing a new product line, innovation in the existing product, developing a new production process, and many others to expand their customer base in the untapped market of the industrial adhesives all across the globe.
This Industrial Adhesive Market Research Report consists of the following elements mentioned below:
This market research report contains factors that drive the growth of the market in the global market along with the factors that restrict its growth in the global market. The opportunities available for growth in the market during the forecasted period are mentioned. The impact of COVID 19 on the Market all across the globe is mentioned. The future growth rate in the Industrial Adhesives Market during the forecasted period is estimated and mentioned.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 47.66 billion |
| Market Size 2024 | USD 50.7 billion |
| Market Size 2032 | USD 69.8 billion |
| CAGR 2024-2032 | Â Â CAGR of 6.7% |
| Â Â Base Year | Â Â 2023 |
| Â Â Forecast Period | Â Â 2024-2032 |
| Â Â Historical Data | Â Â 2019Â &Â 2020 |
| Â Â Forecast Units | Â Â Value (USD Million) |
| Â Â Report Coverage | Â Â Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Â Â Segments Covered | Â Â Type, Application |
| Â Â Geographies Covered | Â Â North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Â Â Key Vendors | Â Â B Fuller Company (US),Pidilite Industries Ltd. (India),3M (US),BASF SE (Germany),Bostik (US),DowDuPont (US),Mitsubishi Chemical Corporation (Japan),Lord Corporation (US),Hitachi Chemical Co. Ltd. (Japan),Henkel AG & Co. KGaA (Germany),Avery Dennison Corporation (US),Solvay (US) |
| Â Â Key Market Opportunities | Â Â rise in the demand for Industrial Adhesives Market |
| Â Â Key Market Drivers | Increasing stringent environmental rules and regulations increasing demand for industrial adhesives |
Industrial Adhesive Market Highlights:
Frequently Asked Questions (FAQ) :
Polyvinyl Acetate, Acrylic, Epoxy, Ethyl Vinyl Acetate, and Polyurethane, are the major types of industrial adhesives, which are used in automotive, construction, electronics & electrical, and medical devices applications.
Rise in the demand for fuel-efficient vehicles.
Asia Pacific holds the largest share in the global industrial adhesive market followed by Europe and North America, respectively.
Avery Dennison Corporation (US), Solvay (US), Henkel AG & Co. KGaA (Germany), Lord Corporation (US), Hitachi Chemical Co. Ltd (Japan), Mitsubishi Chemical Corporation (Japan), Bostik (US), DowDuPont (US), BASF SE (Germany), Pidilite Industries Ltd (India), 3M (US), and H.B. Fuller Company (US), are some of the major players operating in the global Industrial adhesive market.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global industrial adhesive market adopt to gain a larger competitive advantage.
Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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