What Does The Historical And Forecasted Market Size Of The Plastic Adhesives Market Indicate?
The strong growth of the plastic adhesives market is highlighted by the evolution from a market size of $8.63 billion in 2024 to a projected $9.38 billion in 2025, signifying a compound annual growth rate (CAGR) of 8.7%. The expansion in historic years is credited to growth in the automotive and aerospace sectors, lightweight and high-performance bonding developments, expansion of the construction and packaging sectors, and the proliferation of advanced adhesive formulations.
By 2029, the plastic adhesives market size is expected to reach $13.63 billion, sporting a robust CAGR of 9.8%. This projected growth is due to sustainable and low-voc adhesive solutions, customized adhesive formulations for specific plastics, demand for high-temperature and impact-resistant adhesives, and expansion in renewable energy applications. Trends within this growth period include bio-based and biodegradable plastic adhesives, regulatory compliance in adhesive safety, smart adhesives with self-healing properties, nanotechnology-enhanced plastic adhesives, and adhesive solutions for circular economy practices.
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What Are The Key Drivers For The Growth Of The Plastic Adhesives Market?
The ubiquitous demand for plastic adhesives within the construction sector, spurred by the industry’s constant growth, serves as the market’s main growth driver. Adhesives are an integral component in housing and infrastructure applications, such as adhering ceramic tiles, carpet laying, manufactured housing and prefabricated housing, fixing vinyl or resilient flooring, pre-finished panels, fixing roof titles or systems and fixing floor or drywall lamination. Fast-paced urbanization and economic development are expected to raise the demand for new residential and commercial buildings, leading to an increased demand for adhesives.
How Is The Global Plastic Adhesives Market 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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Who Are The Major Players In The Plastic Adhesives Market?
Renowned companies leading 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.
What Are The Emerging Trends In The Plastic Adhesives Market?
Innovative product developments such as plastic-free blister packaging is the latest trend in the plastic adhesives market. For instance, Henkel, a Germany-based chemical and consumer goods firm revealed plans in June 2022 to introduce plastic-free blister packaging with an aim to transition its entire brand portfolio to sustainable packaging by the end of the year. This initiative aligns with their sustainability targets for 2025, improving product recyclability and aiding in the creation of a circular economy.
Which Region Dominates The Plastic Adhesives Market?
The Asia-Pacific region held the lion’s share in the plastic adhesives market in 2024 and is poised to be the fastest-growing region. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Plastic Adhesives Market Report 2025 Offer?
The Plastic Adhesives Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Plastic adhesives refer to a special type of adhesives used for binding plastic materials such as polycarbonate, acrylic, styrene, and other plastics.
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