The global adhesives market size was US$ 49.6 billion in 2021, which is expected to reach US$ 83.2 billion by 2030, registering a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030. Adhesives find their applications in various sectors, such as automotive, construction, etc. The product is used to combine components like the parts of wood, electronics, automotive, etc.

Factors Influencing the Market

Adhesives are increasingly adopted in the construction segment. The increasing number of construction activities is forecast to offer ample growth opportunities for the market.
Growing initiatives towards green building technology are likely to prompt the growth of the global adhesives market. The growing demands for efficient adhesives in green building technology will benefit the market. Franklin International introduced Titebond, a panel adhesive in 2019. This adhesive is used to make standard-sized panel installation easier.
The rising demand for lightweight automotive is forecast to surge the growth of the market. The automotive industry is growing at a neck-breaking speed. As a result, it will contribute to the global adhesives market growth. Adhesives are used to make automotive lighter, quieter, and safer as compared to mechanical fastening methods. Thus, the global adhesives market will grow rapidly during the study period.
The high use of petrochemicals in the manufacture of adhesives and other specialized chemicals may limit the growth of the global adhesives market during the forecast period.
COVID-19 Impact Analysis

The global adhesives market has been severely impacted due to the COVID-19 outbreak. The need for adhesives has dropped dramatically, owing to a drop in construction and manufacturing activities. In addition, the demand for building renovations, woodworking, and vehicles also reduced drastically. Thus, all of these factors have been significant reasons behind the sudden setback of the market. Furthermore, the scarcity of raw materials and the disruption of the supply chain are further limiting market expansion in the midst of the crisis.

Regional Analysis

Europe holds the highest share in the global adhesives market, owing to the growing number of construction activities. In addition, the rising demand for lightweight vehicles in Asia-Pacific is driving the growth of the Asia-Pacific adhesives market. Moreover, governments worldwide are focusing on promoting environment-friendly technology. Light-weight vehicles, being one of them, has a potential scope in the coming years. Thus, it will fuel the growth of the global adhesives market during the study period.

Competitors in the Market

3M Company
Adhesives Research Inc.
Akzo Nobel N. V.
Arkema Group
Ashland Inc.
Avery Dennison Corporation
Delo Industrie Lebstoffe GMBH &Co. KGAA
DowDuPont Inc.
DYMAX Corporation
Franklin International
H B Fuller Company
Henkel AG & Co. KGaA
Huntsman Corporation
Illinois Tool Works Inc.
Jowat SE
Lord Corporation
Mapei Corporation
Master Bond Inc.
Meridian Adhesives Group
Pidilite Industries
PPG Industries
RPM International Inc.
Sika Group
Soudal Group
Wacher Chemie Ag.
Other Prominent Players
Market Segmentation

The global adhesives market segmentation focuses on Product, Technology, End-User, and Region.

Based on product

Acrylic
Polyvinyl Acetate
Epoxy
Polyurethane
Ethyl Vinyl Acetate
Others
Based on technology-

Water-Based
Solvent-Based
Hot melt
Pressure Sensitive
Others
Based on end-user-

Automotive
Packaging
Electrical & Electronics
Building & Construction
Woodworking
Others
Based on region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America