Industrial Adhesive Market By Technology (Water-Based, Solvent-Based, Hotmelt, Other), By Product (Acrylic, PVA, PU, Styrenic Block, Epoxy, EVA, Other), By End-User (Packaging, Construction, Automotive, Woodwork, Other) and By Region (North America, Europe, Asia Pacific, Latin America, MEA) - Global Forecasts 2021 To 2027.

Date: Jul 2021 Report Id: 78 Category: Coating , Adhesives, Sealants and Elastomers Report Format: pdf-img excel-img ppt-img word-img

Industrial Adhesive Market Definition and Estimation:

An adhesive is used to join two surfaces together. Adhesives used in industrial applications are referred to as industrial adhesives. Additives such as pigments, fillers, plasticizers, etc. in combination with natural rubber, starch, synthetic polymer, neoprene and more form industrial adhesives. Natural and synthetic polymers are the main raw materials used in the production of these adhesives. They are extensively used in industries such as automotive, packaging, electronics, medical, furniture, footwear and many more.

The industrial adhesive market size was USD 53.02 billion in 2020 and expected to reach USD 74.80 billion by 2027; this converts into a compound annual growth rate (CAGR) of 4.40% for the forecast period.

Industrial Adhesive Market Overview:

The adhesive bonding technology plays a vital role in the production of smartphones, sport shoes, insulating glass windows, cars, airplanes, and more. For instance, adhesives are replacing bolts, traditional welding, and other mechanical fastening methods since they assist in reducing weight and therefore improve fuel economy of vehicles. Hence, the adhesive market is anticipated to grow on account of the steady rise in applications. Stringent environmental regulations implemented by regulatory authorities may restrict market augmentation. However, the development of bio-based and sustainable adhesives will counter these regulations and the resulting adverse effects.

The Industrial Adhesive Market is Segmented to include:

By Technology:

  • Water-based
  • Solvent-based
  • Hotmelt
  • Others

By Product:

  • Acrylic
  • PVA
  • PU
  • Styrenic Block
  • Epoxy
  • EVA
  • Others

By End-user:

  • Packaging
  • Construction
  • Automotive
  • Woodwork
  • Others

The water-based segment accumulated nearly USD 25 billion in revenues in 2019. Superior stability, high bonding strength, longer shelf-life as well as resistance to aging and humidity have rendered this segment its top position in the industrial adhesive market. Also, water-based industrial adhesives are eco-friendly and do not pose the risk of any allergy. Hotmelts, as opposed to their counterparts, do not require drying or curing, therefore give a faster processing time. The rising applications for this adhesive type have led to the segment’s high CAGR of just under 7% during the forecast period.

Acrylic industrial adhesives are extensively used, owing to characteristics such as fast curing, acid & solvent resistance, ability to withstand temperature fluctuations, enhanced aesthetic appeal, high cohesion, adhesion, viscosity, and more. Consequently, the segment dominated the market capturing over 30% in 2019. The PU or polyurethane segment will display the fastest CAGR of close to 8%. The substantial growth of the segment can be attributed to its high-fracture resistance, ability to bond different materials such as wood, rubber, cardboard, glass, etc., and the upsurge in demand from the wood industry.

The packaging segment secured more than USD 16 billion in revenues in 2019. Properties such as high handling strength, superior performance under extreme conditions, curing ability, etc. have paved the way for adhesives in the packaging industry. The growing demand to streamline designs to facilitate lesser wind resistance and enable high speeds is encouraging the use of adhesives in the automotive industry. Moreover, the surge in the need to assemble various non-metallic components will ensure a CAGR of over 7% from 2020 to 2027.

Industrial Adhesive Market by Technology

Industrial Adhesive Market by Geography Overview:

Based on geography, the market is segmented as below:

  • North America
  • Europe
  • APAC
  • Latin America (LATAM)
  • Middle East & Africa (MEA)

Asia-Pacific led the industrial adhesive market in 2019, accounting for more than 30%. The expansion of the automotive sector, due to the availability of inexpensive labor and supportive government regulations, has fueled the market in the region. The growing furniture industry, owing to rapid urbanization, increased income levels, the surge in population, and more is predicted to bolster the market progress.

The rise of the packaging industry is one of the major influencers of the market in North America. Convenience, quick-serve, extended shelf life, as well as the portability of products, is contributing to the growth of the packaging industry which, in turn, will drive the market forward. A well-established automotive industry will ensure a positive slope in the European market augmentation.

The Middle East & African market will register a 9% CAGR, due to the rapid infrastructure development and upsurge in demand from the HVAC industry. Latin America will expand on account of the automotive and construction industry.

Industrial Adhesive Market Dynamics:


Decelerating sales in the automotive industry.

The overall slowdown in the economy, liquidity crunch, crisis in the non-banking finance companies, and more resulted in a sharp downturn in production and sales in the automotive industry. Since the industrial adhesive market is also driven by the automobile sector, a negative slope in sales will hamper the market progress.

End-user variability.

While the demand for adhesives from the packaging industry may be somewhat stable, fluctuations in the construction, automotive, and other industries may cause a decline in market growth. This variation may adversely affect market augmentation.


Use of epoxy in the construction industry.

Epoxy is extensively used in the construction industry due to its excellent adhesion to most building materials, very low shrinkage during and after cure, wide range of cure schedules to suit different climatic conditions, heat and chemical resistant, high mechanical strength and more. A few applications of this adhesive type include, manufacturing laminated wood for decks, walls and roofs, creating a high-gloss durable coating for indoor/outdoor use, combining quartz, tile and other materials for decorative flooring, etc. Therefore, the rising use of epoxy in the construction industry will expand the industrial adhesive market.

High demand for smart vehicles.

Autonomous vehicles or vehicles that provide either one or all among active safety, V2V, V2I communications are referred to as smart vehicles. These vehicles involve the use of several electronic components. Industrial adhesives are largely used in the connecting/joining of electronic as well as automotive components. Therefore, a high demand for these vehicles will substantially increase the market growth.

Lightweight packaging.

The introduction of adhesives that bold materials together providing the required properties and yet are flexible and lightweight are the need of the hour. Pharmaceutical, agricultural, food & beverage industry are a few requiring these light-weight adhesives. Hence, the surge in need for lightweight packaging will push the industrial adhesive market forward.

The market is studied by analyzing all the key market participants across the ecosystem. The key players include, but not limited to:

  • Flamemaster
  • Permatex
  • Master Bond Inc.
  • Solvay
  • Beacon Adhesives
  • Huntsman Corporation
  • Ashland
  • Lord Corporation
  • Franklin Adhesives and Polymers
  • Kleiberit Adhesives
  • Dow
  • Jowat

Recent News and Developments in the Industrial Adhesive Market:

  1. Permatex, in September 2020, launched a new series of advanced epoxy adhesives. This two-part adhesive and filler system can be used in a wide range of automotive, marine, and general-purpose home applications.
  2. In April 2021, Master Bond Inc. launched the MasterSil 153AO silicon adhesive. This two-part silicone has a self-priming property, high tensile lap shear strength, high thermal conductivity, and electrical insulation.
  3. Huntsman Corporation announced its agreement to acquire Gabriel Performance Products in December 2020. This acquisition is expected to broaden the corporation’s offering in coatings, adhesives, and sealants portfolio.

Frequently Asked Questions (FAQs)

The market size was USD 53.02 Bn in 2019 and expected to reach USD 74.80 Bn by 2027.
The market is estimated to grow at a compound annual growth rate (CAGR) of 4.40% during the forecast period.
In the base year, APAC held the largest geographic share of the market.
With the highest growth-rate, Middle East & Africa is the most lucrative region for investments.
PU is the fastest growing sub-segment when analysing the market by product type.
A few key players include, but not limited to: Flamemaster, Permatex, Master Bond Inc., Solvay, Beacon Adhesives, Huntsman Corporation, Ashland, Lord Corporation, Franklin Adhesives and Polymers, Kleiberit Adhesives, Dow, Jowat.
Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

Chapter 1.  Research Objective

  1. Objective, Definition & Scope
  2. Methodology
    1. Primary Research
    2. Secondary Research
    3. Market Forecast - Estimation & Approach
    4. Assumptions & Assessments
  3. Insights and Growth - Relevancy Mapping
    1. FABRIC Platform
  4. Data mining & efficiency

Chapter 2.  Executive Summary

  1. Industrial Adhesive Market Overview
  2. Interconnectivity & Related markets
  3. Ecosystem Map
  4. Industrial Adhesive Market Business Segmentation
  5. Industrial Adhesive Market Geographic Segmentation
  6. Competition Outlook
  7. Key Statistics

Chapter 3.  Strategic Analysis

  1. Industrial Adhesive Market Revenue Opportunities
  2. Cost Optimization
  3. Covid19 aftermath - Analyst view
  4. Industrial Adhesive Market Digital Transformation

Chapter 4.  Market Dynamics

  1. DROC
    1. Drivers
    2. Restraints
      1. Decelerating Sales in Automotive Industry
      2. End-User Variability
    3. Opportunities
      1. Use of Epoxy in Construction Industry
      2. High Demand for Smart Vehicles
      3. Lightweight Packaging
    4. Challenges
  2. PEST Analysis
    1. Political
    2. Economic
    3. Social
    4. Technological
  3. Market Impacting Trends
    1. Positive Impact Trends
    2. Adverse Impact Trends
  4. Porter's 5-force Analysis
  5. Market News - By Segments
    1. Organic News
    2. Inorganic News
  6. Price Trend Analysis

Chapter 5. Market Segmentation

  1. The Industrial Adhesive Market Segmentation by Technology - Forecast till 2027
    1. Water-based
    2. Solvent-based
    3. Hotmelt
    4. Others
  2. The Industrial Adhesive Market Segmentation by Product - Forecast till 2027
    1. Acrylic
    2. PVA
    3. PU
    4. Styrenic Block
    5. Epoxy
    6. EVA
    7. Others
  3. The Industrial Adhesive Market Segmentation by End-user - Forecast till 2027
    1. Packaging
    2. Construction
    3. Automotive
    4. Woodwork
    5. Others

North America Industrial Adhesive Market Segmentation

By Technology - Forecast till 2027

By Product - Forecast till 2027

By End-user - Forecast till 2027

Europe Industrial Adhesive Market Segmentation

By Technology - Forecast till 2027

By Product - Forecast till 2027

By End-user - Forecast till 2027

APAC Industrial Adhesive Market Segmentation

By Technology - Forecast till 2027

By Product - Forecast till 2027

By End-user - Forecast till 2027

Latin America (LATAM) Industrial Adhesive Market Segmentation

By Technology - Forecast till 2027

By Product - Forecast till 2027

By End-user - Forecast till 2027

The regions are further studied to analyse the major countries within the respective regions. The coverage of the country level data is dynamic and is updated regularly based on the market movements. Normally, the countries covered in the report include

North America - United States, Canada, Mexico; Europe - United Kingdom, France, Italy, Germany, Spain, Rest of Europe; Asia Pacific - China, India, Japan, South Korea, Rest of APAC; Middle East & Africa - South Africa, GCC Countries, Rest of MEA; LatAm - Brazil, Argentina, Rest of LatAm;

Chapter 6.  Market Use case studies

Chapter 7.  KOL Recommendations

Chapter 8.  Investment Landscape

8.1 Industrial Adhesive Market Investment Analysis

8.2 Market M&A

8.3 Market Fund Raise & Other activity

Chapter 9. Industrial Adhesive Market - Competitive Intelligence

9.1 Company Positioning Analysis

   9.1.1 Positioning - By Revenue

   9.1.2 Positioning - By Business Score

   9.1.3 Legacy Positioning

9.2 Competitive Strategy Analysis

   9.2.1 Organic Strategies

   9.2.2 Inorganic Strategies

Chapter 10.  Key Company Profiles

The industrial adhesive market report profiles companies based on the material impact they have on the market ecosystem. These are hence, to be read as 'Key Players' and not necessarily 'Market Leaders'.

Companies are typically profiled to include

10.x.1 Company Fundamentals

10.x.2 Performance Overview

10.x.3 Product Overview

10.x.4 Recent Developments

The Companies profiled in this Report include

  • Flamemaster
  • Permatex
  • Master Bond
  • Solvay
  • Beacon Adhesives
  • Huntsman
  • Ashland
  • Lord Corporation
  • Franklin Adhesives And Polymers
  • Kleiberit Adhesives
  • Dow
  • Jowat

Chapter 11.  Appendix

11.1 About ResearchCMFE

11.2 Service offerings

11.3 Author details

11.4 Terms & Conditions

11.5 Contact us

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