Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Industrial Adhesives Market size is likely to rise from USD 67.6 billion in 2024 to USD 186.07 billion by 2037, registering a CAGR of around 8.1% during the forecast timeline, from 2025 through 2037. Currently in 2025, the industry revenue of industrial adhesives is assessed at USD 71.43 billion.
The swift rise in industrial activities including that in automotive, manufacturing, e-commerce, and electronics is positively influencing the sales of advanced adhesive solutions. The manufacturing industry is witnessing high adoption of automation to boost overall operational efficiency. Technological innovations coupled with automation in manufacturing processes are fueling the adoption of precise and efficient industrial adhesives solutions. These solutions when integrated with automated adhesive dispensing systems on fast production lines ensure uniform and accurate bonding of products.
The National Association of Manufacturers reveals that the U.S. manufacturing output expanded from USD 2.88 trillion in Q1 to USD 2.91 trillion in Q2 2024. That means the manufacturers contributed 10.0% of the value-added output to the U.S. economy in Q2. Furthermore, the World Manufacturing Foundation estimated that in 2021, the goods trade increased by over 25 million in developing countries. The report by the World Population Review also reveals that China held 31.6% of global manufacturing in 2024. These statistics highlight that the continuous rise in the manufacturing trade is directly augmenting the sales of advanced industrial adhesives.
The key players in the industrial adhesives market are considering this aspect and are investing in R&D to develop innovative solutions, contributing to their revenue growth. DuPont one of the leading producers of adhesives and sealants revealed in its third quarter 2024 report that its net sales of USD 4 billion increased by 4% and organic ones by 3%. The electronics and industrial solution segment’s net sales also expanded by 13%.
Industrial Adhesives Sector: Growth Drivers and Challenges
Growth Drivers
- Introduction of bio-based adhesives: Technological advancements are leading to the production of eco-friendly and bio-based adhesive solutions derived from sources such as starch, cellulose, and vegetable oils. The stringent regulations on harmful chemical use and green technology trends are further augmenting the sales of bio-based adhesives. The medical sector is the major consumer of bio-based adhesive solutions as they offer less pain and easy removal after wound healing.
For instance, in January 2023, H.B. Fuller introduced innovative bio-compatible adhesives for medical applications. The Swift Melt 1515-I offers quick bonding and easy removal and can be used in both hospital and home stick-to-skin situations. Furthermore, in September 2024, Bostik announced the launch of the Fast Glue Ultra+ an adhesive solution used in several industrial applications. Developed with 60% bio-based materials, this innovation is set to be broadly available in Asia Pacific and Europe by 2025. Thus, the continuous innovations in bio-based adhesives are anticipated to uplift the overall market growth in the coming years. - Increasing use in EV components: The electrification trend in the automotive sector is pushing the demand for advanced adhesive technologies for specialized packaging. The innovative battery system installed in electric vehicles makes high use of advanced industrial adhesives solutions to pack interior components safely and effectively. For instance, the International Energy Agency (IEA) reveals that the EV battery demand increased by over 750GW in 2023, a 40% hike compared to 2022. Also, the sales of electric cars accounted for over 14 million in 2023. Thus, the continuous growth in EV ownership is augmenting the demand for industrial adhesives in the packaging of battery components.
Challenges
- Strict regulatory frameworks: The production of industrial adhesives involves the integration of several chemicals, derivatives, rubbers, and resins. The increasing implementation of strict regulations on chemical use and their impact on the environment is creating challenges for industrial adhesives manufacturers. To comply with these regulations, the companies need to continuously invest in research and development activities to introduce innovative solutions, which drives up the production costs and capital burden on manufacturers.
- Strong presence of alternative bonding technologies: The presence of several alternative bonding technologies is estimated to limit the sales of industrial adhesives to some extent. Fasteners, rivets, and welding are some other bonding technologies that are posing a strong competition owing to their superior strength and performance. Automotive and aerospace companies running on low budgets can prefer using conventional bonding technologies, hampering the revenue growth of industrial adhesives producers.
Industrial Adhesives Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.1% |
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Base Year Market Size (2024) |
USD 67.6 billion |
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Forecast Year Market Size (2037) |
USD 186.07 billion |
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Regional Scope |
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Industrial Adhesives Segmentation
Product (Polyvinyl Acetate, Acrylic, Epoxy, Ethyl Vinyl Acetate, Polyurethane, Others)
By the end of 2037, acrylic segment is estimated to capture industrial adhesives market share of around 34.2%. Durability and high holding strength are the major factors contributing to acrylic adhesive sales. The rapidly expanding construction activities in both residential and commercial sectors are boosting the demand for high-strength acrylic adhesives for structural bonding, insulation, flooring, and window framing applications. The rising automation and electrification trend is also augmenting the demand for acrylic adhesives in the EV sector. Manufacturer’s continuous innovations are further fueling the sales of modern acrylic adhesives. For instance, in August 2023, Wausau Coated Products Inc. announced the launch of its innovative wash-away adhesive solution WA-769. This emulsion acrylic permanent adhesive with high strength and bonding features is gaining swift adoption across multiple industries.
Application (Packaging, Automotive, Electrical & Electronics, Industrial Machinery, Medical, Footwear, Furniture, Others)
The packaging segment is projected to account for a dominant global industrial adhesives market share through 2037. The swiftly increasing e-commerce activities are positively influencing the demand for packaging adhesives. Industrial adhesives are effective in ensuring the integrity of packages, particularly in sealing cartons, labels, and stretch films. For instance, retail e-commerce sales exceeded USD 4.1 trillion, in 2024. Furthermore, the International Trade Administration reveals that the B2B e-commerce market is forecast to expand at a CAGR of 14.5% through 2026. Such a huge market with high packing activities fuels the adoption of advanced industrial adhesives solutions.
The smart packaging trend in the food and pharma industries which includes QR codes, temperature-sensitive adhesives, and anti-counterfeit packaging is set to generate profitable opportunities for specialized adhesives manufacturers. Smart packaging also aligns with the sustainability trend by mitigating plastic use and paper waste.
Our in-depth analysis of the global industrial adhesives market includes the following segments:
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Product |
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Application |
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Customize this ReportIndustrial Adhesives Industry - Regional Scope
Asia Pacific Market Forecast
By 2037, Asia Pacific industrial adhesives market is likely to account for around 44.1% share. The region is a profit pool for industrial adhesives manufacturers owing to rapidly expanding end use industries such as automotive, manufacturing, medical, aerospace, and electrical & electronics. The rising urban and industrial activities in India and China coupled with the strong presence of key players in Japan and South Korea are collectively contributing to the regional industrial adhesives market growth.
In India, the merchandise exports reached US$ 109.11 billion with a growth of 5.8% in April-June 2024 says the Ministry of Commerce and Industry. The India Brand Equity Foundation’s study estimates that the country’s manufacturing sector is forecast to reach USD 1.0 trillion by 2026. The rising investments in the automotive, textile, and electronic sectors under the PLI schemes particularly in Tamil Nadu, Gujarat, and Maharashtra are contributing to the increasing manufacturing activities. This underscores that the rising manufacturing activities in the country are set to directly fuel the sales of industrial adhesives in the coming years.
In China, the e-commerce market was valued at USD 1469.0 billion in 2024. The country’s e-commerce transactions hold 50% of the global trade, according to the International Trade Administration. Thus, booming online sales are driving the use of industrial adhesives in effective and reliable packaging applications.
North America Market Statistics
The North America industrial adhesives market is foreseen to rise at a high CAGR during the study period. The advanced adhesive solutions are finding widespread applications in the region’s strong automotive, aerospace, and medical sectors. The existence of industry giants coupled with the continuous innovations in adhesive formulations is further augmenting the overall market growth.
In the U.S., the rapidly expanding automotive sector is fueling the sales of industrial adhesives. The electrification of vehicles and their high adoption rates are driving the use of industrial adhesives in battery component packaging. For instance, the U.S. Energy Information Administration reveals that the combined sales of light-duty battery electric vehicles (BEVs), plug-in hybrid electric vehicles, and hybrid vehicles increased from 17.8% in 1Q24 to 18.7% in 2Q24.
Canada’s aerospace and defense component manufacturing companies are widely using industrial adhesives owing to their strong bonding technology. The technological advancements in aircraft manufacturing are also fueling the demand for specialized industrial adhesives. For instance, as per the analysis by the Aerospace Industries Association of Canada, the aerospace sector contributed around 29 billion in GDP to the country’s economy in 2023.
Companies Dominating the Industrial Adhesives Landscape
- Permabond LLC
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Avery Dennison Performance Tapes
- Cytec Industries Inc.
- Henkel AG & Co.
- Sika AG
- 3M Company
- Bayer Product Science (Covestro)
- H.B Fuller
- DuPont de Nemours, Inc.
- Akzo Nobel
- Lord Corporation
- Avery Denison Group
- Ashland Inc.
- Adhesive Films Inc.
Key players in the industrial adhesives market are employing several organic and inorganic tactics such as new product launches, technological advancements, strategic collaborations & partnerships, mergers & acquisitions, and regional expansions to earn high profits. The leading companies are partnering with other players and research organizations to introduce innovative formulations. They are also adopting mergers & acquisition tactics to boost their product offerings and further tapping into high-potential markets to each a wider consumer base.
Some of the key players include:
In the News
- In January 2024, Permabond LLC introduced the high-strength acrylic adhesive TA4208 Black. Easy to apply with a dispensing gun and with innovative formulation TA4208 Black is exhibiting widespread applications in multiple industries, particularly fast production lines.
- In August 2023 Avery Dennison Performance Tapes revealed a new series of high-performing pressure-sensitive adhesive (PSA) tape products. The Cold Tough Adhesive Portfolio owing to its strong bonding characteristics is finding high applications in building and construction projects.
Author Credits: Rajrani Baghel
- Report ID: 6781
- Published Date: Mar 19, 2025
- Report Format: PDF, PPT
