Market by Technology, Type, End-user, and Region | Forecast 2021-2028
Triton Market Research has evaluated the adhesives market in terms of value ($ billion) as well as volume (kiloton). In terms of revenue, the market was valued at $31.97 billion in 2020, and expected to grow with a CAGR of 5.71% to reach $56.94 billion by 2028. In terms of volume, the market is anticipated to amount to 16670.62 kilotons by 2028 from 18399.48 kilotons in 2020, with a growth rate of 4.60%.
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Triton Market Research’s report
on the adhesives market provides an in-depth insight into the market. The
detailed analysis of the market includes key insights, Porter’s five forces
analysis, market attractiveness index, vendor scorecard, industry components,
and the impact of COVID-19 pandemic on the adhesives industry.
Consistent demand from the construction
industry is the key growth enabler for the market. Many construction majors contemplate
that the use of adhesives in the building & construction sector can transform
engineering. These adhesives can change the designs of modern construction buildings
in areas prone to natural calamities. Reduction in the weight of a building permits
construction companies to lessen the effect of natural adversities, such as an earthquake.
Similarly, the growing use of packaging adhesives in several applications, such
as cases & cartons, folding cartons, and labeling, has become a driving
factor for the growth of the adhesives market.
Moreover, the accelerating
demand from the automotive industry is likely to provide a lucrative growth
opportunity for the market. Adhesives find various usage in this industry, such
as in the manufacturing of body components & structures and to bond weather
strips, engine hose protectors, hose clips, and roof pads in OEMs.
However, considering the negative aspects, raw materials have witnessed volatility in their prices, which, in turn, has affected the demand for adhesives. The volatility in the raw material prices affects and increases the pressure on the profit margins of the adhesives’ manufacturers.
Key
geographies covered in the global adhesives market are:
• North America: United States and
Canada
• Europe: United Kingdom, France,
Germany, Spain, Italy, Russia, and Rest of Europe
• Asia-Pacific: China, Japan, India,
Australia, South Korea, ASEAN Countries and Rest of Asia-Pacific
• Latin America: Brazil, Mexico, and
Rest of Latin America
• Middle East and Africa: Saudi Arabia,
Turkey, United Arab Emirates, South Africa, and Rest of Middle East &
Africa
The
segmentation analysis of the adhesives market includes:
• Technology is segmented into:
o Water-based
o Solvent-based
o Hot
melt
o Reactive
& Others
• Type is segmented into:
o Acrylic
o Polyvinyl
Acetate (PVA)
o Polyurethane
o Styrenic
block
o Epoxy
o Ethylene
Vinyl Acetate (EVA)
o Other
Types
• End-user is segmented into:
o Automotive
o Construction
o Packaging
o Furniture
o Footwear
o Pressure
Sensitive
o Other
End-users
The key
companies profiled in the report include Dow Chemical Company, Beardow &
Adams (Adhesives) Limited, RPM International Inc, Eastman Chemical Company, 3M
Company, Avery Dennison Corporation, BASF SE, Momentive Performance Materials
Inc (MPM), Hexcel Corporation, Huntsman Corporation, Sika AG, Uniseal Inc,
Ashland North America Specialty Chemicals Inc, HB Fuller Company, Henkel AG
& Co KGaA, and Arkema SA.
Market Segmented By Type, Appl ..
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Market By Raw Material, End-us ..
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VIEW REPORT1. GLOBAL
ADHESIVES MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY
INSIGHTS
2.1.1. PRODUCTION
BY JOINT VENTURES - KEY GROWTH STRATEGY
2.1.2. SHIFTING
FOCUS TOWARD ADHESIVE BONDING FOR COMPOSITE MATERIALS
2.1.3. RISING
DEMAND FOR BIO-BASED AND HYBRID ADHESIVES
2.2. IMPACT
OF COVID-19 ON ADHESIVES INDUSTRY
2.3. PORTER'S
FIVE FORCES ANALYSIS
2.4. MARKET
ATTRACTIVENESS MATRIX
2.5. INDUSTRY
COMPONENTS
2.6. VENDOR
SCORECARD
2.7. KEY
MARKET STRATEGIES
2.7.1. PARTNERSHIP/CONTRACTS/AGREEMENTS/COLLABORATIONS
2.7.2. BUSINESS
EXPANSIONS
2.7.3. ACQUISITIONS/MERGERS
2.7.4. PRODUCT
LAUNCH
2.8. MARKET
DRIVERS
2.8.1. IMPROVING
CONSTRUCTION INDUSTRY
2.8.2. GROWING
APPLICATIONS IN PACKAGING INDUSTRY
2.9. MARKET
CHALLENGES
2.9.1. STRINGENT
RULES
2.9.2. UNCERTAINTY
IN RAW MATERIAL PRICES
2.10. MARKET OPPORTUNITIES
2.10.1. DEMAND FROM CONSUMER ELECTRONICS INDUSTRY
2.10.2. APPLICATIONS IN AUTOMOTIVE INDUSTRY
3. GLOBAL
ADHESIVES MARKET - BY TECHNOLOGY (IN TERMS OF VALUE: $ MILLION & IN
TERMS OF VOLUME: KILOTON)
3.1. WATER-BASED
3.2. SOLVENT-BASED
3.3. HOT
MELT
3.4. REACTIVE
& OTHERS
4. GLOBAL
ADHESIVES MARKET - BY TYPE (IN TERMS OF VALUE: $ MILLION & IN TERMS OF
VOLUME: KILOTON)
4.1. ACRYLIC
4.2. POLYVINYL
ACETATE (PVA)
4.3. POLYURETHANE
4.4. STYRENIC
BLOCK
4.5. EPOXY
4.6. ETHYLENE
VINYL ACETATE (EVA)
4.7. OTHER
PRODUCT TYPES
5. GLOBAL
ADHESIVES MARKET - BY END-USER (IN TERMS OF VALUE: $ MILLION & IN TERMS
OF VOLUME: KILOTON)
5.1. AUTOMOTIVE
5.2. CONSTRUCTION
5.3. PACKAGING
5.4. FOOTWEAR
5.5. FURNITURE
5.6. PRESSURE
SENSITIVE
5.7. OTHER
END-USERS
6. GLOBAL
ADHESIVES MARKET - REGIONAL OUTLOOK (IN TERMS OF VALUE: $ MILLION & IN
TERMS OF VOLUME: KILOTON)
6.1. NORTH
AMERICA
6.1.1. MARKET
BY TECHNOLOGY
6.1.2. MARKET
BY TYPE
6.1.3. MARKET
BY END-USER
6.1.4. COUNTRY
ANALYSIS
6.1.4.1. UNITED
STATES
6.1.4.2. CANADA
6.2. EUROPE
6.2.1. MARKET
BY TECHNOLOGY
6.2.2. MARKET
BY TYPE
6.2.3. MARKET
BY END-USER
6.2.4. COUNTRY
ANALYSIS
6.2.4.1. UNITED
KINGDOM
6.2.4.2. GERMANY
6.2.4.3. FRANCE
6.2.4.4. ITALY
6.2.4.5. SPAIN
6.2.4.6. RUSSIA
6.2.4.7. REST
OF EUROPE
6.3. ASIA-PACIFIC
6.3.1. MARKET
BY TECHNOLOGY
6.3.2. MARKET
BY TYPE
6.3.3. MARKET
BY END-USER
6.3.4. COUNTRY
ANALYSIS
6.3.4.1. CHINA
6.3.4.2. JAPAN
6.3.4.3. INDIA
6.3.4.4. SOUTH
KOREA
6.3.4.5. ASEAN
COUNTRIES
6.3.4.6. AUSTRALIA
AND NEW ZEALAND
6.3.4.7. REST
OF ASIA-PACIFIC
6.4. LATIN
AMERICA
6.4.1. MARKET
BY TECHNOLOGY
6.4.2. MARKET
BY TYPE
6.4.3. MARKET
BY END-USER
6.4.4. COUNTRY
ANALYSIS
6.4.4.1. BRAZIL
6.4.4.2. MEXICO
6.4.4.3. REST
OF LATIN AMERICA
6.5. MIDDLE
EAST AND AFRICA
6.5.1. MARKET
BY TECHNOLOGY
6.5.2. MARKET
BY TYPE
6.5.3. MARKET
BY END-USER
6.5.4. COUNTRY
ANALYSIS
6.5.4.1. UNITED
ARAB EMIRATES
6.5.4.2. TURKEY
6.5.4.3. SAUDI
ARABIA
6.5.4.4. SOUTH
AFRICA
6.5.4.5. REST
OF MIDDLE EAST & AFRICA
7. COMPETITIVE
LANDSCAPE
7.1. 3M
COMPANY
7.2. ARKEMA
SA
7.3. ASHLAND
GLOBAL SPECIALTY CHEMICALS INC
7.4. AVERY
DENNISON CORPORATION
7.5. BASF
SE
7.6. BEARDOW
& ADAMS (ADHESIVES) LIMITED
7.7. DOW
CHEMICAL COMPANY
7.8. EASTMAN
CHEMICAL COMPANY
7.9. HB
FULLER COMPANY
7.10. HENKEL AG & CO KGAA
7.11. HEXCEL CORPORATION
7.12. HUNTSMAN CORPORATION
7.13. MOMENTIVE PERFORMANCE MATERIALS INC (MPM)
7.14. RPM INTERNATIONAL INC
7.15. SIKA AG
7.16. UNISEAL INC
8. METHODOLOGY
& SCOPE
8.1. RESEARCH
SCOPE
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: MARKET ATTRACTIVENESS
MATRIX
TABLE 2: VENDOR SCORECARD
TABLE 3: KEY STRATEGIC
DEVELOPMENTS
TABLE 4: GLOBAL ADHESIVES
MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)
TABLE 5: GLOBAL ADHESIVES
MARKET, BY TECHNOLOGY, 2021-2028 (IN KILOTON)
TABLE 6: GLOBAL ADHESIVES
MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 7: GLOBAL ADHESIVES
MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 8: GLOBAL ADHESIVES
MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 9: GLOBAL ADHESIVES
MARKET, BY END-USER, 2021-2028 (IN KILOTON)
TABLE 10: GLOBAL ADHESIVES
MARKET, REGIONAL OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 11: GLOBAL ADHESIVES
MARKET, REGIONAL OUTLOOK, 2021-2028 (IN KILOTON)
TABLE 12: NORTH AMERICA
ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 13: NORTH AMERICA
ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN KILOTON)
TABLE 14: NORTH AMERICA
ADHESIVES MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)
TABLE 15: NORTH AMERICA
ADHESIVES MARKET, BY TECHNOLOGY, 2021-2028 (IN KILOTON)
TABLE 16: NORTH AMERICA
ADHESIVES MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 17: NORTH AMERICA
ADHESIVES MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 18: NORTH AMERICA
ADHESIVES MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 19: NORTH AMERICA
ADHESIVES MARKET, BY END-USER, 2021-2028 (IN KILOTON)
TABLE 20: EUROPE ADHESIVES MARKET,
COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 21: EUROPE ADHESIVES
MARKET, COUNTRY OUTLOOK, 2021-2028 (IN KILOTON)
TABLE 22: EUROPE ADHESIVES
MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)
TABLE 23: EUROPE ADHESIVES
MARKET, BY TECHNOLOGY, 2021-2028 (IN KILOTON)
TABLE 24: EUROPE ADHESIVES
MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 25: EUROPE ADHESIVES
MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 26: EUROPE ADHESIVES
MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 27: EUROPE ADHESIVES
MARKET, BY END-USER, 2021-2028 (IN KILOTON)
TABLE 28: ASIA-PACIFIC
ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 29: ASIA-PACIFIC
ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN KILOTON)
TABLE 30: ASIA-PACIFIC
ADHESIVES MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)
TABLE 31: ASIA-PACIFIC
ADHESIVES MARKET, BY TECHNOLOGY, 2021-2028 (IN KILOTON)
TABLE 32: ASIA-PACIFIC
ADHESIVES MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 33: ASIA-PACIFIC
ADHESIVES MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 34: ASIA-PACIFIC
ADHESIVES MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 35: ASIA-PACIFIC
ADHESIVES MARKET, BY END-USER, 2021-2028 (IN KILOTON)
TABLE 36: LATIN AMERICA
ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 37: LATIN AMERICA
ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN KILOTON)
TABLE 38: LATIN AMERICA
ADHESIVES MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)
TABLE 39: LATIN AMERICA
ADHESIVES MARKET, BY TECHNOLOGY, 2021-2028 (IN KILOTON)
TABLE 40: LATIN AMERICA
ADHESIVES MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 41: LATIN AMERICA
ADHESIVES MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 42: LATIN AMERICA
ADHESIVES MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 43: LATIN AMERICA ADHESIVES
MARKET, BY END-USER, 2021-2028 (IN KILOTON)
TABLE 44: MIDDLE EAST AND
AFRICA ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 45: MIDDLE EAST AND
AFRICA ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN KILOTON)
TABLE 46: MIDDLE EAST AND
AFRICA ADHESIVES MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)
TABLE 47: MIDDLE EAST AND
AFRICA ADHESIVES MARKET, BY TECHNOLOGY, 2021-2028 (IN KILOTON)
TABLE 48: MIDDLE EAST AND
AFRICA ADHESIVES MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 49: MIDDLE EAST AND
AFRICA ADHESIVES MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 50: MIDDLE EAST AND
AFRICA ADHESIVES MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 51: MIDDLE EAST AND
AFRICA ADHESIVES MARKET, BY END-USER, 2021-2028 (IN KILOTON)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: GLOBAL ADHESIVES
MARKET, BY TECHNOLOGY, 2020 & 2028
FIGURE 4: GLOBAL ADHESIVES
MARKET, BY WATER-BASED, 2021-2028 (IN $ MILLION)
FIGURE 5: GLOBAL ADHESIVES
MARKET, BY SOLVENT-BASED, 2021-2028 (IN $ MILLION)
FIGURE 6: GLOBAL ADHESIVES
MARKET, BY HOT MELT, 2021-2028 (IN $ MILLION)
FIGURE 7: GLOBAL ADHESIVES
MARKET, BY REACTIVE & OTHERS, 2021-2028 (IN $ MILLION)
FIGURE 8: GLOBAL ADHESIVES
MARKET, BY TYPE, 2020 & 2028
FIGURE 9: GLOBAL ADHESIVES
MARKET, BY ACRYLIC, 2021-2028 (IN $ MILLION)
FIGURE 10: GLOBAL ADHESIVES
MARKET, BY POLYVINYL ACETATE (PVA), 2021-2028 (IN $ MILLION)
FIGURE 11: GLOBAL ADHESIVES
MARKET, BY POLYURETHANE, 2021-2028 (IN $ MILLION)
FIGURE 12: GLOBAL ADHESIVES
MARKET, BY STYRENIC BLOCK, 2021-2028 (IN $ MILLION)
FIGURE 13: GLOBAL ADHESIVES
MARKET, BY EPOXY, 2021-2028 (IN $ MILLION)
FIGURE 14: GLOBAL ADHESIVES
MARKET, BY ETHYLENE VINYL ACETATE (EVA), 2021-2028 (IN $ MILLION)
FIGURE 15: GLOBAL ADHESIVES MARKET,
BY OTHER PRODUCT TYPES, 2021-2028 (IN $ MILLION)
FIGURE 16: GLOBAL ADHESIVES
MARKET, BY END-USER, 2020 & 2028
FIGURE 17: GLOBAL ADHESIVES
MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)
FIGURE 18: GLOBAL ADHESIVES
MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)
FIGURE 19: GLOBAL ADHESIVES
MARKET, BY PACKAGING, 2021-2028 (IN $ MILLION)
FIGURE 20: GLOBAL ADHESIVES
MARKET, BY FOOTWEAR, 2021-2028 (IN $ MILLION)
FIGURE 21: GLOBAL ADHESIVES
MARKET, BY FURNITURE, 2021-2028 (IN $ MILLION)
FIGURE 22: GLOBAL ADHESIVES
MARKET, BY PRESSURE SENSITIVE, 2021-2028 (IN $ MILLION)
FIGURE 23: GLOBAL ADHESIVES
MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)
FIGURE 24: GLOBAL ADHESIVES
MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 25: UNITED STATES
ADHESIVES MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: CANADA ADHESIVES
MARKET 2021-2028 (IN $ MILLION)
FIGURE 27: UNITED KINGDOM
ADHESIVES MARKET 2021-2028 (IN $ MILLION)
FIGURE 28: GERMANY ADHESIVES
MARKET 2021-2028 (IN $ MILLION)
FIGURE 29: FRANCE ADHESIVES MARKET
2021-2028 (IN $ MILLION)
FIGURE 30: ITALY ADHESIVES
MARKET 2021-2028 (IN $ MILLION)
FIGURE 31: SPAIN ADHESIVES
MARKET 2021-2028 (IN $ MILLION)
FIGURE 32: RUSSIA ADHESIVES
MARKET 2021-2028 (IN $ MILLION)
FIGURE 33: REST OF EUROPE
ADHESIVES MARKET 2021-2028 (IN $ MILLION)
FIGURE 34: CHINA ADHESIVES
MARKET 2021-2028 (IN $ MILLION)
FIGURE 35: JAPAN ADHESIVES
MARKET 2021-2028 (IN $ MILLION)
FIGURE 36: INDIA ADHESIVES
MARKET 2021-2028 (IN $ MILLION)
FIGURE 37: SOUTH KOREA
ADHESIVES MARKET 2021-2028 (IN $ MILLION)
FIGURE 38: ASEAN COUNTRIES
ADHESIVES MARKET 2021-2028 (IN $ MILLION)
FIGURE 39: AUSTRALIA & NEW
ZEALAND ADHESIVES MARKET 2021-2028 (IN $ MILLION)
FIGURE 40: REST OF
ASIA-PACIFIC ADHESIVES MARKET 2021-2028 (IN $ MILLION)
FIGURE 41: BRAZIL ADHESIVES
MARKET 2021-2028 (IN $ MILLION)
FIGURE 42: MEXICO ADHESIVES
MARKET 2021-2028 (IN $ MILLION)
FIGURE 43: REST OF LATIN
AMERICA ADHESIVES MARKET 2021-2028 (IN $ MILLION)
FIGURE 44: UNITED ARAB
EMIRATES ADHESIVES MARKET 2021-2028 (IN $ MILLION)
FIGURE 45: SAUDI ARABIA
ADHESIVES MARKET 2021-2028 (IN $ MILLION)
FIGURE 46: TURKEY ADHESIVES
MARKET 2021-2028 (IN $ MILLION)
FIGURE 47: SOUTH AFRICA
ADHESIVES MARKET 2021-2028 (IN $ MILLION)
FIGURE 48: REST OF
MIDDLE EAST & AFRICA ADHESIVES MARKET 2021-2028 (IN $ MILLION)