The global market for adhesives and adhesive-applying equipment is expected to grow from $72.1 billion in 2024 and is projected to reach $89.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 4.5% during the forecast period of 2024 to 2029.
The adhesives market is expected to grow from $54.3 billion in 2024 and is projected to reach $68.1 billion by the end of 2029, at a CAGR of 4.6% during the forecast period of 2024 to 2029.
The adhesive-application equipment market is expected to grow from $17.8 billion in 2024 and is projected to reach $21.7 billion by the end of 2029, at a CAGR of 4.1% during the forecast period of 2024 to 2029.
Report Scope
Adhesives and adhesive-applying equipment industries are vital in the ever-changing global economy, providing binding solutions for complex productions in numerous sectors. The function of adhesives and their associated equipment and machinery is to enhance the bonding of the substrates, giving them durability, strength and the ability to meet the requirements in different applications. The effective operation of adhesive equipment ensures consistency, precision and minimal wastage in the substrate surface bonding. Adhesive equipment therefore improves the end user's cost-effectiveness and assists in providing new opportunities in the adhesive market.
For this analysis, the global markets for adhesives and adhesive-applying equipment were segmented into:
Adhesives: By curing technique (e.g., physically hardening, chemically curing, pressure sensitive); by technology (e.g., hot-melt adhesives, solvent-based adhesives, water-based adhesives, reactive adhesives); by chemicals (e.g., acrylic, cyanoacrylate, epoxy, polyurethane, silicone); by end use (e.g., packaging, transportation, building and construction, woodworking, consumer/do-it-yourself [DIY]).
Adhesive-applying equipment: By type (e.g., auxiliary equipment, application process equipment, dispensing equipment, unloading equipment). By end user (e.g., packaging, transportation, building and construction, others).
The auxiliary equipment category is further segmented into robotics and automatic, web-handling, curing and other equipment. The application process equipment category is further segmented into spray, dots and beads, wheel, brush and others. The dispensing equipment category is further segmented into holt-melt/dispense, meter mix and others. The unloading equipment category is further segmented into tubes and cartridges, drums, pails and totes, pallets, slats and bricks;
This report also covers the global adhesives and adhesive-applying equipment market's current dynamics, the strategies and trends driving the demand for adhesives, the key manufacturers of these products, recent environmental, social and governance (ESG) developments and a competitive landscape in which companies are operating within this market. A brief profile of the major global manufacturers in this market is also provided. The adhesives and adhesive-applying equipment market is also analyzed from international and regional perspectives to understand the industry's growth potential. The report segments the market by region into North America, Europe, Asia-Pacific and the Rest of the World (RoW).
This report provides market estimates and sizes in terms of value ($ million). Market forecasts are given for 2024 through 2029, with 2023 serving as the base year. Regional-level market sizes with respect to segmentation are also provided.
Report Includes
119 data tables and 50 additional tables
Analyses of the global market trends, with sales data for 2023, estimates for 2024, forecasts for 2025, and projections of compound annual growth rates (CAGRs) through 2029
Estimates and forecasts for the market size for adhesives and adhesive-applying equipment based on technology, curing technique, chemical, end user and geographical region
Discussion of the technologies involved in the manufacturing of different types of adhesives, including the value of such products produced and used globally as well as in different regions
Analysis of the current market trends, and discussion of the technological and regulatory elements affecting the future market
A discussion of ESG challenges and practices of the industry
Coverage of mergers and acquisitions, partnerships, collaborations and joint ventures
Profiles of the leading companies, including Henkel AG & Co. KGaA, H.B. Fuller CO., Dow, Arkema, and Sika AG
Table of Contents
Chapter 1 Executive Summary
Market Outlook
Scope of Report
Market Summary
Chapter 2 Market Overview
Market Definition
Porter's Five Forces Analysis
Bargaining Power of Buyers: Moderate to High
Bargaining Power of Suppliers: Moderate
Threat of New Entrants: Moderate
Threat of Substitutes: Low
Competition in the Industry: High
Supply Chain Analysis
Raw Materials and Suppliers
Manufacturing and Processing
Distribution and Sales
End Users
Chapter 3 Market Dynamics
Market Dynamics
Market Drivers
Increasing Demand for Adhesives in the Packaging and Transportation Industries
Surge in Demand Across Footwear, Furniture and Appliance Industries
Increasing Demand for Automated and Robotic Adhesive Equipment
Market Restraint
Stringent Environmental Regulations for Adhesives
Market Opportunities
Growing Surge for Bio-Based Adhesive
Customizable and OEM Equipment and Machines for Adhesives
Chapter 4 Emerging Technologies and Developments
New Technologies
Environmentally Friendly and Sustainable Adhesive
Smart and Self-Adhesives
Patent Analysis
Patent Analysis Based on Country of Origin
Patent Analysis Based on Year Issued
Chapter 5 Market Segmentation Analysis
Segmentation Breakdown
Adhesives
Market Analysis by Technology
Hot-Melt Adhesives
Reactive Adhesives
Water-Based Adhesives
Solvent-Based Adhesives
Others
Market Analysis by Chemicals
Acrylic
Epoxy
Polyurethane
Silicone
Cyanoacrylate
Others
Market Analysis by Curing Technique
Physically Hardening Adhesives
Chemically Curing Adhesives
Pressure-Sensitive Adhesives
Market Analysis of Adhesives by End Use
Packaging
Transportation
Building and Construction
Woodworking
Consumer/DIY
Others
Geographic Breakdown of Adhesives
Market Analysis of Adhesives by Region
North America
Europe
Asia-Pacific
Rest of the World
Adhesives-Applying Equipment
Market Analysis by Type
Auxiliary Equipment
Application Process Equipment
Dispensing Equipment
Unloading Equipment
Market Analysis of Adhesive-applying Equipment by End Use
Packaging
Transportation
Building and Construction
Others
Geographic Breakdown of Adhesive-Applying Equipment
Market Analysis of Adhesive-Applying Equipment by Region
North America
Europe
Asia-Pacific
Rest of the World
Chapter 6 Competitive Intelligence
Industry Structure
Market Share Analysis
Strategic Analysis
Merger and Acquisition Analysis
Chapter 7 Sustainability in Adhesives and Adhesive-Applying Equipment Industry: An ESG Perspective
Key ESG Issues in the Adhesives and Adhesive-Applying Equipment Sector
Adhesives and Adhesive-Applying Equipment Industry ESG Performance Analysis
Environmental Performance
Social Performance
Governance Performance
Current Status of ESG in the Adhesives and Adhesive-Applying Equipment Market