Adhesives

Global Adhesives Market to Reach US$98.6 Billion by 2030

The global market for Adhesives estimated at US$69.9 Billion in the year 2024, is expected to reach US$98.6 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2024-2030. Epoxy, one of the segments analyzed in the report, is expected to record a 6.8% CAGR and reach US$28.6 Billion by the end of the analysis period. Growth in the Acrylic segment is estimated at 5.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$18.1 Billion While China is Forecast to Grow at 9.1% CAGR

The Adhesives market in the U.S. is estimated at US$18.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$23.0 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.5% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Global Adhesives Market - Key Trends and Drivers Summarized

The adhesive industry is undergoing a significant transformation, driven by the need for sustainable practices and the integration of advanced material science technologies. Environmental concerns are a major factor influencing the evolution of adhesives, with a growing emphasis on developing eco-friendly products that minimize the use of volatile organic compounds (VOCs) and enhance recyclability. This shift is not only a response to regulatory pressures but also to market demands for more sustainable and responsible manufacturing practices. Moreover, the ability of adhesives to bond dissimilar materials is increasingly valuable in industries such as automotive and aerospace, where efficient, lightweight, and strong assemblies are crucial. This capability allows for the replacement of traditional mechanical fastening methods, which is instrumental in developing lighter and more energy-efficient vehicles and aircraft.

Technological advancements are propelling the adhesive industry forward, particularly through the adoption of nanotechnology and the development of hybrid adhesives. Nanomaterials like carbon nanotubes and graphene are being integrated into adhesive formulas to significantly enhance their strength, durability, and flexibility. These innovations are critical in environments that demand high-performance adhesives capable of withstanding extreme conditions. Additionally, the emergence of hybrid adhesives, which combine the properties of different adhesive families, exemplifies the industry`s move towards versatility and superior performance. These hybrids offer tailored solutions that meet specific application needs, making them increasingly popular in diverse sectors ranging from construction to electronics, where their enhanced properties can be leveraged for innovative applications.

The growth of the adhesive industry is supported by several key drivers, including increased regulatory compliance aimed at reducing VOC emissions and the rising popularity of structural adhesives. These drivers are reshaping the market landscape by encouraging the development of adhesives that are not only more environmentally friendly but also more effective in structural applications. The expansion of the healthcare sector is another significant growth area, with medical adhesives becoming integral in various applications, from surgical dressings to medical devices. Additionally, the growing needs of the electronics sector for miniaturized and efficient assembly solutions are driving advancements in adhesive technologies that offer precise and reliable performance. Together, these factors are steering the adhesive industry towards a future where sustainability, performance, and innovation converge to meet the complex demands of modern manufacturing and consumer expectations.

SCOPE OF STUDY:

The report analyzes the Adhesives market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Epoxy, Acrylic, Polyurethane (PU), Polyvinyl Acetate (PVA), Ethyl Vinyl Acetate (EVA), Styrenic Block, Other Types); Technology (Water-based, Solvent-based, Hot Melt, Pressure Sensitive, Other Technologies); Application (Building & Construction, Automotive & Transportation, Woodworking, Paper & Packaging, Leather & Footwear, Consumer / DYI, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 258 Featured) -

• 3M Company
• Adchem Corp.
• Adhesives Research, Inc.
• Adhesives Technology Corp.
• Akzo Nobel NV
• Ashland Global Holdings Inc.
• Avery Dennison Corp.
• BASF SE
• Beardow & Adams (Adhesives) Ltd.
• Bemis Associates, Inc.
• Berry Global, Inc.
• Bostik (USA)
• Covestro AG
• DAP Products, Inc.
• DIC Corp.
• Dow Inc.
• DYMAX Corp.
• Franklin International, Inc.
• Georgia-Pacific Chemicals LLC
• H.B. Fuller Company
• Henkel AG & Company, KGaA
• Huntsman Corp.
• Illinois Tool Works, Inc.
• LORD Corp.
• Mapei S.p.A.
• Momentive
• Permatex, Inc.
• PPG Industries
• RPM International, Inc.
• Sika AG

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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