The plastic adhesives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Plastic Adhesives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The plastic adhesives market size has grown strongly in recent years. It will grow from $7.96 billion in 2023 to $8.68 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to growth in the automotive and aerospace industries, demand for lightweight and high-performance bonding, expansion of the construction and packaging sectors, development of advanced adhesive formulations, increase in electronic and medical device assembly..
The plastic adhesives market size is expected to see strong growth in the next few years. It will grow to $12.28 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to sustainable and low-voc adhesive solutions, growth in electric vehicle production, customized adhesive formulations for specific plastics, demand for high-temperature and impact-resistant adhesives, expansion in renewable energy applications.. Major trends in the forecast period include bio-based and biodegradable plastic adhesives, regulatory compliance in adhesive safety, smart adhesives with self-healing properties, nanotechnology-enhanced plastic adhesives, adhesive solutions for circular economy practices.
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Scope Of Plastic Adhesives Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Plastic Adhesives Market Overview
Market Drivers –
Increasing demand for plastic adhesives from the construction sector coupled with the growth of the construction industry is anticipated to boost the demand for plastic adhesives market over the forecast period. In the construction sector, adhesives are used in adhesion of ceramic tiles, carpet laying, manufactured housing and prefabricated housing, fixing of vinyl or resilient flooring, pre-finished panels, fixing roof titles or systems, fixing floor or drywall lamination, and other applications. Economic growth and a rapidly growing urban population is expected to increase the demand for new residential and commercial buildings during the forecast period, thus increase the demand for adhesives. Large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam and the Philippines which are becoming increasingly popular for export-oriented manufacturing. According to the World Bank, urban population in South Asia is expected to grow by 250 million by 2030. According to a report by PwC, around 60% of the world population is expected to live in cities by 2030. This rapid urbanization is expected to boost the demand for infrastructure and drive the adhesives market going forward.
The plastic adhesives market covered in this report is segmented –
1) By Resin Type: Epoxy, Polyurethane, Acrylic, Silicone, MMA, Cyanoacrylate, Other Resin Types
2) By Technology: Solvent-based, Water-based
3) By End-user: Automotive, Building and Construction, Electrical and Electronics, Medical, Packaging, Other End-Users
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Regional Insights –
Asia-Pacific was the largest region in the plastic adhesives market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the plastic adhesives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the plastic adhesives market include H.B. Fuller Company, Henkel Corporation, 3M Company, Permabond LLC, Sika AG, Dowdupont Inc., Parker Hannifin Corp., Master Bond Inc., Huntsman International LLC, Arkema SA, Adhesive Research Inc., BASF SE, Boston Blacking Company, Buhnen GmbH & Co. KG, Hexion Specialty Chemicals Inc., Lord Corporation, Mapei SPA, Pidilite Industry Ltd., Ashland Inc., Avery International Corporation, Chemence Ltd., Collano Adhesives Inc., Delo Industrie Klebstoffe GmbH & Co. KGaA, Dow Chemical Ltd., Dymax Corporation, Eastman Chemical Company, EMS-Chemie Holding AG, Evonik Industries AG, Illinois Tool Works Inc., ITW Performance Polymers
Table of Contents
1. Executive Summary
2. Plastic Adhesives Market Report Structure
3. Plastic Adhesives Market Trends And Strategies
4. Plastic Adhesives Market – Macro Economic Scenario
5. Global Plastic Adhesives Market Size and Growth
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31. Global Plastic Adhesives Market Competitive Benchmarking
32. Global Plastic Adhesives Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Plastic Adhesives Market
34. Plastic Adhesives Market Future Outlook and Potential Analysis
35. Appendix
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