Industrial Adhesive Market Trends
Industrial Adhesives Market Research Report Information by Type (Acrylic, Polyvinyl Acetate, Epoxy, Polyurethane, and Ethyl Vinyl Acetate), Application (Automotive, Construction, Electronics and Electrical, and Medical Devices) and Region - Forecast till 2032

Market Summary
As per Market Research Future Analysis, the Global Industrial Adhesives Market was valued at USD 47.66 billion in 2023 and is projected to grow to USD 69.8 billion by 2032, with a CAGR of 6.7% from 2024 to 2032. The market is driven by increasing demand across various industries, including automotive, construction, and healthcare. The COVID-19 pandemic initially disrupted operations and demand but is expected to recover by late 2024. Key players are innovating and expanding their product lines to meet market needs, while stringent regulations and fluctuating oil prices pose challenges.
Key Market Trends & Highlights
The Industrial Adhesives Market is witnessing significant growth driven by various factors.
- Market Size in 2023: USD 47.66 billion. Projected Market Size by 2032: USD 69.8 billion. CAGR during 2024-2032: 6.7%. Asia-Pacific holds the largest market share due to demand in electronics and automotive.
Market Size & Forecast
2023 Market Size | USD 47.66 billion |
2024 Market Size | USD 50.7 billion |
2032 Market Size | USD 69.8 billion |
CAGR (2024-2032) | 6.7%. |
Major Players
<p>B Fuller Company, Pidilite Industries Ltd., 3M, BASF SE, Bostik, DowDuPont, Mitsubishi Chemical Corporation, Lord Corporation, Hitachi Chemical Co. Ltd., Henkel AG & Co. KGaA, Avery Dennison Corporation, Solvay.</p>
Market Trends
<p>The ongoing evolution of manufacturing processes and the increasing demand for durable, high-performance materials are driving a notable shift towards advanced industrial adhesives, which are poised to play a critical role in enhancing product integrity and sustainability across various sectors.</p>
U.S. Department of Commerce
Industrial Adhesive Market Market Drivers
Market Growth Projections
The Global Industrial Adhesives Market Industry is poised for substantial growth, with projections indicating a market value of 50.7 USD Billion in 2024 and an anticipated increase to 84.8 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 4.79% from 2025 to 2035. Various factors, including increased demand from key sectors such as automotive, construction, and electronics, are driving this expansion. The market's evolution reflects broader trends in technology and sustainability, indicating a dynamic landscape for industrial adhesives in the coming years.
Expansion in Construction Activities
The construction industry plays a pivotal role in the Global Industrial Adhesives Market Industry, driven by the increasing need for durable and efficient bonding solutions. With urbanization and infrastructure development on the rise, the demand for adhesives in construction applications is expected to grow. Adhesives are utilized in various construction processes, such as flooring, roofing, and wall panel installations. This trend is likely to be reflected in the market's projected growth, reaching 84.8 USD Billion by 2035. The ongoing expansion of residential and commercial projects globally suggests that the construction sector will continue to be a significant contributor to the adhesive market.
Growing Demand from Automotive Sector
The automotive sector is a primary driver for the Global Industrial Adhesives Market Industry, as manufacturers increasingly utilize adhesives for lightweighting and enhancing fuel efficiency. In 2024, the market is projected to reach 50.7 USD Billion, with automotive applications contributing significantly to this growth. Adhesives are employed in various applications, including bonding components and assembling parts, which not only improves structural integrity but also reduces overall vehicle weight. As the automotive industry continues to evolve with electric vehicles and advanced materials, the demand for innovative adhesive solutions is likely to rise, further propelling the market forward.
Rising Demand for Eco-Friendly Adhesives
The rising demand for eco-friendly adhesives is a notable trend within the Global Industrial Adhesives Market Industry. As industries become more environmentally conscious, there is a growing preference for adhesives that minimize environmental impact. This shift is particularly evident in sectors such as packaging and construction, where sustainable practices are increasingly prioritized. The market is witnessing a surge in the development of bio-based and low-VOC adhesives, which cater to this demand. This trend not only aligns with regulatory requirements but also appeals to consumers who are more aware of sustainability issues, thereby driving the growth of the adhesive market.
Increased Adoption of Adhesives in Electronics
The electronics industry is rapidly adopting adhesives, significantly influencing the Global Industrial Adhesives Market Industry. Adhesives are essential in the assembly of electronic devices, providing reliable bonding for components such as circuit boards, displays, and batteries. As the demand for smaller, lighter, and more efficient electronic devices continues to rise, the need for advanced adhesive solutions becomes more pronounced. This trend is expected to contribute to the market's growth, with projections indicating a CAGR of 4.79% from 2025 to 2035. The ongoing innovation in electronics is likely to further enhance the role of adhesives in this sector.
Technological Advancements in Adhesive Formulations
Technological advancements in adhesive formulations are transforming the Global Industrial Adhesives Market Industry. Innovations such as the development of high-performance adhesives that offer superior bonding capabilities and environmental resistance are becoming increasingly prevalent. These advancements enable manufacturers to meet the diverse needs of various industries, including aerospace, electronics, and packaging. The introduction of eco-friendly adhesives is also gaining traction, aligning with global sustainability goals. As these technologies evolve, they are likely to enhance the performance and application scope of industrial adhesives, thereby driving market growth in the coming years.
Market Segment Insights
Regional Insights
Key Companies in the Industrial Adhesive Market market include



Industry Developments
- December 2021 -Meridian Adhesives Group disclosed the closure of the acquisition of American Sealants Inc. ASI, based in Fort Wayne, Indiana, is known for the innovation of product assembly sealants and adhesives. These solutions have several applications in various markets and applications, including construction, residential and commercial building, transportation, DIY, and industrial. ASI is set to join Meridian's Industrial Division that caters to the product assembly, packaging, and flooring markets. The firm brings a wide product line and technology base to the Product Assembly category of the division.
- December 2021 -Arkema disclosed the strategic acquisition of South Africa-based Permoseal, a prominent player in adhesive solutions for woodworking, DIY, construction, and packaging. Its famous brands, including Alcolin®, and its wide range of high-performance adhesive solutions are likely to match Bostik's offering in the region. The deal will result in strengthening Bostik's market positions in South Africa's and Sub-Saharan Africa's dynamic DIY, construction, and industrial markets. Permoseal provides a wide portfolio of sustainable and technical solutions for several industry sectors.
- In July 2020, a company specialized in high-performance thermobonding adhesives powders called Fixatti has been acquired by Arkema Group. This acquisition will help the company in enhancing its product portfolio by diversifying in different markets.
- In November 2020, US-based Huntsman Group’s subsidiary called Huntsman Advanced Materials Solution Private Ltd. (HAMSPL) has been acquired by Pidilite Industries Ltd for INR 2100 crore.
- Mitsubishi Chemical Corporation (Japan) is spending a huge sum of money on research and development to get an upper edge over its competitors. This will help the company in increasing its sales revenue.
- All the major key players are highly investing in mergers and acquisitions, joint ventures, and new product launches.
- 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.
- November 26, 2019 -Avery Dennison (the US), a global materials science and manufacturing company, announced the acquisition of the Transponder RFID Inlay business of Smartrac N.V. (the Netherlands), a manufacturer of high-security RFID inlays to drive its expansion into the intelligent labels market.
Future Outlook
Industrial Adhesive Market Future Outlook
<p>The Global Industrial Adhesives Market is projected to grow at 4.79% CAGR from 2024 to 2035, driven by advancements in manufacturing technologies and increasing demand across various industries.</p>
New opportunities lie in:
- <p>Develop bio-based adhesives to cater to eco-conscious consumers. Invest in automation technologies for adhesive application processes. Expand product lines to include specialty adhesives for emerging markets.</p>
<p>By 2035, the market is expected to achieve substantial growth, reflecting evolving industry needs and technological advancements.</p>
Market Segmentation
Report Overview
Market Segmentation
- Recent Developments
- {"December 2021"=>[]}
- {"December 2021 -"=>[]}
- {"In July 2020"=>[]}
- {"In November 2020"=>[]}
- Mitsubishi Chemical Corporation (Japan) is spending a huge sum of money on research and development to get an upper edge over its competitors. This will help the company in increasing its sales revenue.
- All the major key players are highly investing in mergers and acquisitions
- joint ventures
- and new product launches.
- 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.
- {"November 26
- 2019"=>[]}
Report Scope
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 | CAGR of 6.7% |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2019 & 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Application |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | 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) |
Key Market Opportunities | rise in the demand for Industrial Adhesives Market |
Key Market Drivers | Increasing stringent environmental rules and regulations increasing demand for industrial adhesives |
Market Highlights
Author
Latest Comments
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FAQs
What are the major types and applications of industrial adhesives?
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.
What are the major driving forces behind the growth of the global industrial adhesive market?
Rise in the demand for fuel-efficient vehicles.
Which region holds the largest share in the global Industrial adhesive market?
Asia Pacific holds the largest share in the global industrial adhesive market followed by Europe and North America, respectively.
Who are the top players in the global Industrial adhesive market?
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.
What are the key growth strategies of industrial adhesive industry players?
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.
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--- "TABLE OF CONTENTS
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1 Executive Summary
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2 Scope of the Report
- Market Definition
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Scope of the Study
- Research Objectives
- Assumptions & Limitations
- Market Structure
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3 Market Research Methodology
- Research Process
- Secondary Research
- Primary Research
- Forecast Model
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4 Market Landscape
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Five Forces Analysis
- Threat of New Entrants
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Threat of Substitutes
- Segment Rivalry
- Value Chain/Supply Chain of Global Industrial Adhesives Market
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Five Forces Analysis
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5 Industry Overview of Global Industrial Adhesives Market
- Introduction
- Growth Drivers
- Impact Analysis
- Market Challenges
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6 Market Trends
- Introduction
- Growth Trends
- Impact Analysis
- Introduction
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Acrylic
- Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Region, 2020–2027
- Polyvinyl Acetate
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7.3.1 Market Estimates & Forecast, 2020–2027
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Market Estimates & Forecast, by Region, 2020–2027
- Primary
- Secondary
- Epoxy
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Market Estimates & Forecast, by Region, 2020–2027
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7.4.1 Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Region, 2020–2027
- Polyurethane
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7.5.1 Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Region, 2020–2027
- Ethyl Vinyl Acetate
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7.6.1 Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Region, 2020–2027
- Others
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7.7.1 Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Region, 2020–2027
- Introduction
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Automobile
- Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Region, 2020–2027
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Construction
- Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Region, 2020–2027
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Electronics and Electrical
- Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Region, 2020–2027
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Medical Devices
- Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Region, 2020–2027
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Others
- Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Region, 2020–2027
- Introduction
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North America
- Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Type, 2020–2027
- Market Estimates & Forecast, by Application, 2020–2027
- US
- Canada
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Europe
- Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Type, 2020–2027
- Market Estimates & Forecast, by Application, 2020–2027
- Germany
- France
- Italy
- Spain
- UK
- Russia
- Poland
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Asia-Pacific
- Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Type, 2020–2027
- Market Estimates & Forecast, by Application, 2020–2027
- China
- Japan
- Australia
- New Zealand
- Rest of Asia-Pacific
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Middle East & Africa
- Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Type, 2020–2027
- Market Estimates & Forecast, by Application, 2020–2027
- Turkey
- Israel
- North Africa
- GCC
- Rest of the Middle East & Africa
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Latin America
- Market Estimates & Forecast, 2020–2027
- Market Estimates & Forecast, by Type, 2020–2027
- Market Estimates & Forecast, by Application, 2020–2027
- Brazil
- Argentina
- Mexico
- Rest of Latin America
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BASF SE
- Company Overview
- Type/Business Segment Overview
- Financial Updates
- Key Developments
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11.2 Avery Dennison Corporation
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Company Overview
- Type/Business Segment Overview
- Financial Updates
- Key Developments
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Solvay
- Company Overview
- Type/Business Segment Overview
- Financial Updates
- Key Developments
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Company Overview
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11.4 Henkel AG & Co. KGaA
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Company Overview
- Type/Business Segment Overview
- Financial Updates
- Key Developments
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Hitachi Chemical Co. Ltd
- Company Overview
- Type/Business Segment Overview
- Financial Updates
- Key Developments
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Lord Corporation
- Company Overview
- Type/Business Segment Overview
- Financial Updates
- Key Developments
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Mitsubishi Chemical Corporation
- Company Overview
- Type/Business Segment Overview
- Financial Updates
- Key Developments
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DowDuPont
- Company Overview
- Type/Business Segment Overview
- Financial Updates
- Key Developments
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Bostik
- Company Overview
- Type/Business Segment Overview
- Financial Updates
- Key Developments
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H.B. Fuller Company
- Company Overview
- Type/Business Segment Overview
- Financial Updates
- Key Developments
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3M
- Company Overview
- Type/Business Segment Overview
- Financial Updates
- Key Developments
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Pidilite Industries Ltd
- Company Overview
- Type/Business Segment Overview
- Financial Updates
- Key Developments
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Company Overview
Industrial Adhesives Market Segmentation
Market Segmentation Overview
- Detailed segmentation data will be available in the full report
- Comprehensive analysis by multiple parameters
- Regional and country-level breakdowns
- Market size forecasts by segment

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