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According to the latest research, the global Adhesives market size was valued at USD 23176.29 million in 2022 and is expected to expand at a CAGR of 5.21% during the forecast period, reaching USD 31429.29 million by 2028.
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.
This report elaborates on the market size, market characteristics, and market growth of the Adhesives industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Adhesives. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Adhesives Market Report Include:
Market Size Estimates: Adhesives market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Adhesives market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Adhesives market
Segment Market Analysis: Adhesives market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Adhesives market situations and prospects in major and top regions and countries
Adhesives Market
Adhesives Industry Chain: Adhesives market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Adhesives Industry News, Policies by regions
Adhesives Industry Porters Five Forces Analysis
Key players in the global Adhesives market are covered in Chapter 2:
Dow Chemical
DuPont
Chemence
3M
Ashland
H.B. Fuller
Bostik
Henkel
LORD Corporation
Sika
Huitian New Material
Kangda New Material
Comens Material
Illinois Tool Works
Jowat SE
Adhesives Research
Huntsman
Avery Dennison
In Chapter 6 and Chapter 9, on the basis of types, the Adhesives market from 2018 to 2028 is primarily split into:
Structural Adhesives
Camera Module Adhesives
Specialty Adhesives
In Chapter 7 and Chapter 10, on the basis of applications, the Adhesives market from 2018 to 2028 covers:
Automotive
Machinery
Electronics
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Adhesives market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Adhesives industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Adhesives market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Adhesives industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Adhesives market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Adhesives market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Adhesives market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
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.
This report elaborates on the market size, market characteristics, and market growth of the Adhesives industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Adhesives. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Adhesives Market Report Include:
Market Size Estimates: Adhesives market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Adhesives market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Adhesives market
Segment Market Analysis: Adhesives market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Adhesives market situations and prospects in major and top regions and countries
Adhesives Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Adhesives Industry Chain: Adhesives market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Adhesives Industry News, Policies by regions
Adhesives Industry Porters Five Forces Analysis
Key players in the global Adhesives market are covered in Chapter 2:
Dow Chemical
DuPont
Chemence
3M
Ashland
H.B. Fuller
Bostik
Henkel
LORD Corporation
Sika
Huitian New Material
Kangda New Material
Comens Material
Illinois Tool Works
Jowat SE
Adhesives Research
Huntsman
Avery Dennison
In Chapter 6 and Chapter 9, on the basis of types, the Adhesives market from 2018 to 2028 is primarily split into:
Structural Adhesives
Camera Module Adhesives
Specialty Adhesives
In Chapter 7 and Chapter 10, on the basis of applications, the Adhesives market from 2018 to 2028 covers:
Automotive
Machinery
Electronics
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Adhesives market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Adhesives industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Adhesives market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Adhesives industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Adhesives market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Adhesives market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Adhesives market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
