Industrial Adhesive Market Size, Share, Growth, Trends, and Industry Analysis: By Product Type (Polyurethane, Acrylic, Epoxy, Polyvinyl Acetate, Ethylene-vinyl Acetate (EVA), MS polymer, and Others), By Technology (Water-based Adhesive, Solvent-based Adhesive, Hot Melt Adhesive, Pressure Sensitive Adhesive, UV Cure Adhesive, and Others), By End-user Industry (Packaging Industry, Construction Industry, Automotive & Aerospace, Electrical & Electronics, and Others), and Region

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Industrial Adhesive Market size was valued at USD 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.

Industrial Adhesive Market Key Developments

  • In 2023: Henkel launched a new hot melt adhesive made from polyurethane and free from hazardous isocyanates. Launches are believed to be a development of several strong EU regulations in an attempt to cut off toxic emissions in the environment.
  • In 2022, the European Chemicals Agency (ECHA) approved Henkel’s submission for a low-VOC, bio-based adhesive, marking a significant step forward in the adoption of sustainable adhesives across Europe.

Industrial Adhesive Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.1%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific

Industrial Adhesive Market Dynamics

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.

Industrial Adhesive Market Segmentation

By Product Type

  • Polyurethane
  • Acrylic
  • Epoxy
  • Polyvinyl Acetate
  • Ethylene-vinyl Acetate (EVA)
  • MS polymer
  • Others

By Technology

  • Water-based Adhesive
  • Solvent-based Adhesive
  • Hot Melt Adhesive
  • Pressure Sensitive Adhesive
  • UV Cure Adhesive
  • Others

By End User

  • Packaging Industry
  • Construction Industry
  • Automotive & Aerospace
  • Electrical & Electronics
  • Others

Frequently Asked Questions

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.

Key Features of the Report

  • The industrial adhesive market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
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
  • Sika
  • 3M
  • Henkel AG
  • B. Fuller
  • Bostik
  • Huntsman Corporation
  • Pidilite Industries
  • Sabre Adhesive
  • Dinol
  • Teraoka Seisakusho CO., LTD.
  • Avery Dennison
  • Wacker Chemie AG
  • MAPEI

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