Latest News- Adhesive Market: Construction is expected to lead the Application segment during 2025-2029

The Adhesive Market is being driven by Increasing demand for adhesives in medical industry

The Adhesive Market is expected to grow at a CAGR of 4.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 18.9 billion. In the dynamic adhesives market, hybrid resins have emerged as a game-changer by combining the unique properties of multiple resin types. These innovative formulations offer specialized solutions for specific bonding requirements, enhancing performance and adaptability. By leveraging the distinct advantages of various resins, hybrid resins deliver superior bonding capabilities, durability, and resistance to environmental elements. The resulting products exhibit improved performance characteristics, catering to the evolving demands of diverse applications. Hybrid resins represent a significant advancement in the adhesive industry, providing businesses with versatile and high-performing solutions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Construction
  • Packaging
  • Furniture
  • Others
• Type
  • Water based adhesive
  • Solvent based adhesive
  • Others
• Resin Type
  • Acrylic
  • Epoxy
  • Polyurethane
  • Cyanoacrylate
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for adhesives in medical industry
• Rising demand for adhesive in packaging industry
• Rising construction and real estate projects

However, the market also witnesses some limitations, which are as follows:

• Stringent environmental regulations
• Fluctuation in cost of raw material
• Availability of substitutes

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Market Scope in Adhesive Market Research Report

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Research Analysis Overview

The adhesive market encompasses various types of adhesives, including adhesive tapes, polyurethane adhesives, cyanoacrylate adhesives, anaerobic adhesives, rubber adhesives, thermosetting adhesives, thermoplastic adhesives, conductive adhesives, insulating adhesives, flame retardant adhesives, biocompatible adhesives, and biodegradable adhesives. These adhesives cater to diverse industries and applications, such as repair, assembly, fastening, sealing, laminating, coating, and composite materials. Advanced materials like lightweight, high-strength, flexible, engineered materials are increasingly used in manufacturing and assembly processes. Dispensing technologies, including automated and robotic dispensing, ensure precise application and quality control. Performance evaluation, product testing, life cycle analysis, environmental impact, regulatory compliance, and safety standards are crucial considerations in the adhesive industry.

Market Research Overview

The global commodity chemicals market encompasses businesses specializing in the production of industrial and basic chemicals, such as bonding agents, pressure-sensitive adhesives, hot melt adhesives, epoxy adhesives, acrylic adhesives, silicone adhesives, and uv curable adhesives. This market excludes companies producing diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio, market expansion will be fueled by the escalating demand for plastic packaging. Plastics, being the most widely utilized material in the packaging sector worldwide, continues to witness increasing demand due to its lightweight and corrosion-resistant properties. This trend has instigated continuous innovation in the industry, leading to advancements in the application of chemicals in the manufacturing process of plastic packaging materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/