Global Adhesives Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Adhesives market:
The latest research study on the global Adhesives market finds that the global Adhesives market reached a value of USD 23176.29 million in 2022. It’s expected that the market will achieve USD 31429.29 million by 2028, exhibiting a CAGR of 5.21% during the forecast period.

Adhesives refers to the material that adheres two objects together, and different adhesives are used according to the characteristics of the material to be bonded. The adhesive is actually a diluted resin, and the resin itself is sticky. According to its chemical properties (such as epoxy resin, polyurethane, polyimide), or it carrying capacity (structure, semi-structure or non-structure) and so on.

Impacts from the short-term
Affected by the popularity of COVID-19, adhesives are a capital-intensive and talent-intensive industry. Due to irresistible factors, the downstream industry of adhesives in most regions shows a trend of continuous decline or slow growth in sales. With the rapid development of automobiles and industry, this popularization will undoubtedly accelerate the market's demand for adhesive regulators. COVID-19 will have less impact on large companies that adopt current strategies and focus on improving profitability. The most affected will be small and medium-sized enterprises, especially during the tightening period after the epidemic.

Impacts from the long-term
When the epidemic is under control, various downstream adhesive market industries will usher in a strong rebound, especially in the automotive industry market, where the sales of adhesives will also increase. Coupled with the digitalization of e-commerce in the industrial equipment market, it has become more and more convenient for people to buy the adhesives they want. Therefore, as long as the adhesive can continuously update its product performance and attract the attention of consumers, the development opportunities of the industry will become more and more optimistic.

Use of 3-D vision in adhesive applications
3-D vision systems are used to inspect adhesive applications that can’t be addressed with conventional 2-D vision systems. When adhesive is applied to hold two components together or seal a joint against the elements, it is often possible to determine the footprint of the adhesive using 2-D machine vision or a human inspector, but these techniques cannot accurately determine the volume of the glue or the glue’s features when the adhesive and the part or background are black on black. A 3-D vision system that uses a combination of a laser that projects a line and an image sensor overcomes these challenges and can determine the position and the volume of the adhesive. This makes it easy to verify that the correct amount has been applied and that it is in the right position to seal the part.

Ebeam technology is thriving
Ebeam technology has existed for over 40 years, but more recently, it has been gaining traction among adhesives manufacturers and package converters as an alternative to oven drying and ultraviolet curing. The technology is favorable because it is both powerful and cost-effective. Ebeam technology produces virtually no VOCs (volatile organic compounds) which the Adhesive and Sealant Council views negatively, since they can contribute to respiratory issues and compromised air quality. The upfront cost of an ebeam system is traditionally more expensive than UV systems but the payback period can often be calculated in months since they offer more consistent output and more efficient energy usage.

Region Overview:
From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:
DuPont
DuPont is one of the largest chemical companies in the world. DuPont is involved in a range of different industry areas, including high-performance materials, synthetic fibers, electronics, specialty chemicals, agriculture, CMP Slurry and biotechnology.

Illinois Tool Works
Illinois Tool Works Co., Ltd., referred to as Illinois Tool Works Shares, Illinois Tool Works, and ITW, is an American manufacturing company. ITW Performance Polymers is a world leader in the research, development and production of structural and semi-structural adhesives, grouting and caulking materials, sprayable syntactic materials, and wear-resistant coatings and repair materials.

Segmentation Overview:
By type, Structural Adhesives segment accounted for the largest share of market in 2021.

Structural Adhesives
An adhesive which forms bonds that will bear loads of considerable magnitude; a structural adhesive will not fail when a bonded joint prepared from the thickness of metal, or other material typical for that industry, is stressed to its yield point.

Camera Module Adhesives
The products have excellent adhesion to a variety of plastics as well as metals used in the manufacturing of consumer electronics, including camera modules and electronic device housings. They are capable of withstanding harsh conditions like moisture, heat and shock, which electronic devices are often exposed to.

Specialty Adhesives
Specialty applications usually require special adhesives. For example, products with extremely high temperature resistance can be used in the aerospace industry, while in extreme environments, adhesives with high resistance to acids, alkalis and strong solvents are used. An adhesive specially designed for nuclear power plants. The product is a self-extinguishing and high temperature resistant potting compound with high thermal conductivity.

Application Overview:
By application, the Automotive segment occupied the biggest share from 2017 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Adhesives market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Adhesives market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Adhesives and its sub-markets in an intuitive way.

Key Companies in the global Adhesives market covered in Chapter 3:
Huntsman
Avery Dennison
Chemence
Adhesives Research
Sika
Jowat SE
Kangda New Material
Ashland
Huitian New Material
Bostik
Illinois Tool Works
Dow Chemical
Henkel
DuPont
3M
Comens Material
H.B. Fuller
LORD Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Adhesives market from 2018 to 2029 is primarily split into:
Structural Adhesives
Camera Module Adhesives
Specialty Adhesives

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Adhesives market from 2018 to 2029 covers:
Automotive
Machinery
Electronics

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Adhesives market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions