The Global Specialty Adhesives Market size is expected to reach $6.3 billion by 2030, rising at a market growth of 4.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,343.17 Kilo Tonnes, experiencing a growth of 3.8% (2019-2022).
The Asia Pacific region is experiencing a construction boom, with ongoing infrastructure projects, urban development, and residential construction driving demand for these adhesives in applications such as flooring, tiling, insulation, and waterproofing. Therefore, the Asia Pacific region captured $2,078.90 million revenue in the market in 2022. Also, the China market generated 648.96 kilo tonnes in 2022. Additionally, with a growing middle class and increasing consumer spending, the Asia Pacific region has a rising demand for consumer goods such as appliances, furniture, and electronics.
The shift towards lightweight materials drives the market. Industries increasingly adopt advanced materials like carbon fiber composites, aluminum alloys, and thin films to reduce weight, enhance performance, and improve sustainability. These adhesives contribute to sustainability by enabling lightweight materials in eco-friendly products and green building solutions, aligning with regulatory mandates and corporate sustainability goals. Hence, the growing shift towards lightweight materials drives the market's growth.
Electric vehicles incorporate lightweight materials such as aluminum, carbon fiber composites, and high-strength steel to optimize efficiency and range. The number of new ZEVs registered continued to increase, up 43.2% year over year. Similarly, as per the National Investment Promotion & Facilitation Agency, the EV industry is expected to grow at a rate of 49% between 2022 and 2030. Thus, the growing adoption of electric vehicles (EVs) globally propels the market's growth.
However, to achieve optimal bonding performance, many adhesives require specific application techniques and equipment, such as precision dispensing systems, curing ovens, or controlled environments. Developing custom solutions, conducting feasibility studies, and performing compatibility tests contribute to the complexity of application processes. Thus, complex application processes are hindering the growth of the market.
By Product Analysis
Based on product, the market is divided into polyvinyl acetate, polyurethane, acrylic, cyanoacrylates, and others. The polyurethane segment procured a 24.98% revenue share in the market in 2022. In terms of volume, the polyurethane segment would register 535.59 kilo tonnes by 2030. Polyurethane adhesives exhibit flexibility and toughness, allowing them to withstand dynamic loads, vibrations, and movement without compromising bond integrity. This makes them ideal for applications requiring resistance to impact, shock, and thermal cycling.
By End-Use Analysis
On the basis of end-use, the market is segmented into aerospace, automotive, construction, marine, and others. The marine segment held a 10.1% revenue share in the market in 2022. In terms of volume, the marine segment would consume 246.62 kilo tonnes by 2030. are used for bonding fiberglass and composite materials in boat construction and repair. These adhesives provide strong and durable bonds between hulls, decks, bulkheads, and other structural components, ensuring the integrity and stability of the vessel.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America segment generated a 26.02% revenue share in the market. In terms of volume, the North America segment would register 246.62 kilo tonnes by 2030. North America is home to advanced manufacturing industries such as automotive, aerospace, electronics, and healthcare. These industries rely heavily on these adhesives for bonding, sealing, and assembly applications, driving significant demand for high-performance adhesives in the region.
Recent Strategies Deployed in the Market
- Sep-2023: Bostik S.A. launched Bio-based HMAs, adhesive materials derived from renewable biological resources, offering environmentally friendly alternatives to traditional petroleum-based adhesives. These adhesives are formulated to address the growing need for eco-friendly materials in the production of technical textiles, automotive interiors, filters, electronics, footwear, and various other applications.
- Sep-2022: Henkel AG & Company, KGaA took over the Thermal Management Materials business of Nanoramic Laboratories, a technology company pioneering advanced materials and energy storage solutions for various industries. Through this acquisition, Thermexit enhances Henkel's current portfolio by introducing products in rapidly expanding market segments, amplifying the value proposition for their customers.
- Jun-2021: H.B. Fuller Company came into partnership with Covestro, a leading global supplier of high-tech polymer materials, serving industries ranging from automotive and construction to electronics and healthcare. Through this partnership, both companies would accelerate the development to provide an adhesive with minimized environmental footprint for use in woodworking, composites, textiles, and automotive sectors.
- May-2021: Bostik S.A. acquired Edge Adhesives Texas, a leading manufacturer of high-performance adhesive solutions for various industrial applications. Through this acquisition, Bostik would expand its footprint in high-performance adhesives in the United States to broaden adhesive capabilities and introduce fresh products to address growing market needs.
List of Key Companies Profiled
- 3M Company
- Henkel AG & Company, KGaA
- Bostik S.A. (Arkema S.A.)
- H.B. Fuller Company
- Pidilite Industries Ltd.
- Sika AG
- Permatex Inc. (Illinois Tool Works)
- Nexus Adhesives Pty Ltd
- Savare I.C. srl
- Specialty Adhesives and Coatings, Inc.
Global Specialty Adhesives Market Report Segmentation
By Product (Volume, kilo Tonnes, USD Billion, 2019-2030)
- Cyanoacrylates
- Acrylic
- Polyurethane
- Polyvinyl Acetate
- Others
By End-Use (Volume, kilo Tonnes, USD Billion, 2019-2030)
- Construction
- Automotive
- Aerospace
- Marine
- Others
By Geography (Volume, kilo Tonnes, USD Billion, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Specialty Adhesives Market, by Product
- 1.4.2Global Specialty Adhesives Market, by End-Use
- 1.4.3Global Specialty Adhesives Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Strategies Deployed in Specialty Adhesives Market
Chapter 5.Global Specialty Adhesives Market, by Product
- 5.1Global Cyanoacrylates Market, by Region
- 5.2Global Acrylic Market, by Region
- 5.3Global Polyurethane Market, by Region
- 5.4Global Polyvinyl Acetate Market, by Region
- 5.5Global Others Market, by Region
Chapter 6.Global Specialty Adhesives Market, by End-Use
- 6.1Global Construction Market, by Region
- 6.2Global Automotive Market, by Region
- 6.3Global Aerospace Market, by Region
- 6.4Global Marine Market, by Region
- 6.5Global Others Market, by Region
Chapter 7.Global Specialty Adhesives Market, by Region
- 7.1North America Specialty Adhesives Market
- 7.1.1North America Specialty Adhesives Market, by Product
- 7.1.1.1North America Cyanoacrylates Market, by Country
- 7.1.1.2North America Acrylic Market, by Country
- 7.1.1.3North America Polyurethane Market, by Country
- 7.1.1.4North America Polyvinyl Acetate Market, by Country
- 7.1.1.5North America Others Market, by Country
- 7.1.2North America Specialty Adhesives Market, by End-Use
- 7.1.2.1North America Construction Market, by Country
- 7.1.2.2North America Automotive Market, by Country
- 7.1.2.3North America Aerospace Market, by Country
- 7.1.2.4North America Marine Market, by Country
- 7.1.2.5North America Others Market, by Country
- 7.1.3North America Specialty Adhesives Market, by Country
- 7.1.3.1US Specialty Adhesives Market
- 7.1.3.1.1US Specialty Adhesives Market, by Product
- 7.1.3.1.2US Specialty Adhesives Market, by End-Use
- 7.1.3.2Canada Specialty Adhesives Market
- 7.1.3.2.1Canada Specialty Adhesives Market, by Product
- 7.1.3.2.2Canada Specialty Adhesives Market, by End-Use
- 7.1.3.3Mexico Specialty Adhesives Market
- 7.1.3.3.1Mexico Specialty Adhesives Market, by Product
- 7.1.3.3.2Mexico Specialty Adhesives Market, by End-Use
- 7.1.3.4Rest of North America Specialty Adhesives Market
- 7.1.3.4.1Rest of North America Specialty Adhesives Market, by Product
- 7.1.3.4.2Rest of North America Specialty Adhesives Market, by End-Use
- 7.2Europe Specialty Adhesives Market
- 7.2.1Europe Specialty Adhesives Market, by Product
- 7.2.1.1Europe Cyanoacrylates Market, by Country
- 7.2.1.2Europe Acrylic Market, by Country
- 7.2.1.3Europe Polyurethane Market, by Country
- 7.2.1.4Europe Polyvinyl Acetate Market, by Country
- 7.2.1.5Europe Others Market, by Country
- 7.2.2Europe Specialty Adhesives Market, by End-Use
- 7.2.2.1Europe Construction Market, by Country
- 7.2.2.2Europe Automotive Market, by Country
- 7.2.2.3Europe Aerospace Market, by Country
- 7.2.2.4Europe Marine Market, by Country
- 7.2.2.5Europe Others Market, by Country
- 7.2.3Europe Specialty Adhesives Market, by Country
- 7.2.3.1Germany Specialty Adhesives Market
- 7.2.3.1.1Germany Specialty Adhesives Market, by Product
- 7.2.3.1.2Germany Specialty Adhesives Market, by End-Use
- 7.2.3.2UK Specialty Adhesives Market
- 7.2.3.2.1UK Specialty Adhesives Market, by Product
- 7.2.3.2.2UK Specialty Adhesives Market, by End-Use
- 7.2.3.3France Specialty Adhesives Market
- 7.2.3.3.1France Specialty Adhesives Market, by Product
- 7.2.3.3.2France Specialty Adhesives Market, by End-Use
- 7.2.3.4Russia Specialty Adhesives Market
- 7.2.3.4.1Russia Specialty Adhesives Market, by Product
- 7.2.3.4.2Russia Specialty Adhesives Market, by End-Use
- 7.2.3.5Spain Specialty Adhesives Market
- 7.2.3.5.1Spain Specialty Adhesives Market, by Product
- 7.2.3.5.2Spain Specialty Adhesives Market, by End-Use
- 7.2.3.6Italy Specialty Adhesives Market
- 7.2.3.6.1Italy Specialty Adhesives Market, by Product
- 7.2.3.6.2Italy Specialty Adhesives Market, by End-Use
- 7.2.3.7Rest of Europe Specialty Adhesives Market
- 7.2.3.7.1Rest of Europe Specialty Adhesives Market, by Product
- 7.2.3.7.2Rest of Europe Specialty Adhesives Market, by End-Use
- 7.3Asia Pacific Specialty Adhesives Market
- 7.3.1Asia Pacific Specialty Adhesives Market, by Product
- 7.3.1.1Asia Pacific Cyanoacrylates Market, by Country
- 7.3.1.2Asia Pacific Acrylic Market, by Country
- 7.3.1.3Asia Pacific Polyurethane Market, by Country
- 7.3.1.4Asia Pacific Polyvinyl Acetate Market, by Country
- 7.3.1.5Asia Pacific Others Market, by Country
- 7.3.2Asia Pacific Specialty Adhesives Market, by End-Use
- 7.3.2.1Asia Pacific Construction Market, by Country
- 7.3.2.2Asia Pacific Automotive Market, by Country
- 7.3.2.3Asia Pacific Aerospace Market, by Country
- 7.3.2.4Asia Pacific Marine Market, by Country
- 7.3.2.5Asia Pacific Others Market, by Country
- 7.3.3Asia Pacific Specialty Adhesives Market, by Country
- 7.3.3.1China Specialty Adhesives Market
- 7.3.3.1.1China Specialty Adhesives Market, by Product
- 7.3.3.1.2China Specialty Adhesives Market, by End-Use
- 7.3.3.2Japan Specialty Adhesives Market
- 7.3.3.2.1Japan Specialty Adhesives Market, by Product
- 7.3.3.2.2Japan Specialty Adhesives Market, by End-Use
- 7.3.3.3India Specialty Adhesives Market
- 7.3.3.3.1India Specialty Adhesives Market, by Product
- 7.3.3.3.2India Specialty Adhesives Market, by End-Use
- 7.3.3.4South Korea Specialty Adhesives Market
- 7.3.3.4.1South Korea Specialty Adhesives Market, by Product
- 7.3.3.4.2South Korea Specialty Adhesives Market, by End-Use
- 7.3.3.5Singapore Specialty Adhesives Market
- 7.3.3.5.1Singapore Specialty Adhesives Market, by Product
- 7.3.3.5.2Singapore Specialty Adhesives Market, by End-Use
- 7.3.3.6Malaysia Specialty Adhesives Market
- 7.3.3.6.1Malaysia Specialty Adhesives Market, by Product
- 7.3.3.6.2Malaysia Specialty Adhesives Market, by End-Use
- 7.3.3.7Rest of Asia Pacific Specialty Adhesives Market
- 7.3.3.7.1Rest of Asia Pacific Specialty Adhesives Market, by Product
- 7.3.3.7.2Rest of Asia Pacific Specialty Adhesives Market, by End-Use
- 7.4LAMEA Specialty Adhesives Market
- 7.4.1LAMEA Specialty Adhesives Market, by Product
- 7.4.1.1LAMEA Cyanoacrylates Market, by Country
- 7.4.1.2LAMEA Acrylic Market, by Country
- 7.4.1.3LAMEA Polyurethane Market, by Country
- 7.4.1.4LAMEA Polyvinyl Acetate Market, by Country
- 7.4.1.5LAMEA Others Market, by Country
- 7.4.2LAMEA Specialty Adhesives Market, by End-Use
- 7.4.2.1LAMEA Construction Market, by Country
- 7.4.2.2LAMEA Automotive Market, by Country
- 7.4.2.3LAMEA Aerospace Market, by Country
- 7.4.2.4LAMEA Marine Market, by Country
- 7.4.2.5LAMEA Others Market, by Country
- 7.4.3LAMEA Specialty Adhesives Market, by Country
- 7.4.3.1Brazil Specialty Adhesives Market
- 7.4.3.1.1Brazil Specialty Adhesives Market, by Product
- 7.4.3.1.2Brazil Specialty Adhesives Market, by End-Use
- 7.4.3.2Argentina Specialty Adhesives Market
- 7.4.3.2.1Argentina Specialty Adhesives Market, by Product
- 7.4.3.2.2Argentina Specialty Adhesives Market, by End-Use
- 7.4.3.3UAE Specialty Adhesives Market
- 7.4.3.3.1UAE Specialty Adhesives Market, by Product
- 7.4.3.3.2UAE Specialty Adhesives Market, by End-Use
- 7.4.3.4Saudi Arabia Specialty Adhesives Market
- 7.4.3.4.1Saudi Arabia Specialty Adhesives Market, by Product
- 7.4.3.4.2Saudi Arabia Specialty Adhesives Market, by End-Use
- 7.4.3.5South Africa Specialty Adhesives Market
- 7.4.3.5.1South Africa Specialty Adhesives Market, by Product
- 7.4.3.5.2South Africa Specialty Adhesives Market, by End-Use
- 7.4.3.6Nigeria Specialty Adhesives Market
- 7.4.3.6.1Nigeria Specialty Adhesives Market, by Product
- 7.4.3.6.2Nigeria Specialty Adhesives Market, by End-Use
- 7.4.3.7Rest of LAMEA Specialty Adhesives Market
- 7.4.3.7.1Rest of LAMEA Specialty Adhesives Market, by Product
- 7.4.3.7.2Rest of LAMEA Specialty Adhesives Market, by End-Use
Chapter 8.Company Profiles
- 8.13M Company
- 8.1.1Company Overview
- 8.1.1Financial Analysis
- 8.1.2Segmental and Regional Analysis
- 8.1.3Research & Development Expense
- 8.1.4Recent strategies and developments:
- 8.1.4.1Partnerships, Collaborations, and Agreements:
- 8.1.5SWOT Analysis
- 8.2Henkel AG & Company, KGaA
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental and Regional Analysis
- 8.2.4Research & Development Expense
- 8.2.5Recent strategies and developments:
- 8.2.5.1Acquisition and Mergers:
- 8.2.6SWOT Analysis
- 8.3Bostik S.A. (Arkema S.A.)
- 8.3.1Financial Analysis
- 8.3.2Segmental and Regional Analysis
- 8.3.3Recent strategies and developments:
- 8.3.3.1Product Launches and Product Expansions:
- 8.3.3.2Acquisition and Mergers:
- 8.3.4SWOT Analysis
- 8.4H.B. Fuller Company
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4Research & Development Expense
- 8.4.5Recent strategies and developments:
- 8.4.5.1Partnerships, Collaborations, and Agreements:
- 8.4.6SWOT Analysis
- 8.5Pidilite Industries Ltd.
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Segmental and Regional Analysis
- 8.5.4Research & Development Expenses
- 8.5.5SWOT Analysis
- 8.6Sika AG
- 8.6.1Company Overview
- 8.6.2Financial Analysis
- 8.6.3Segmental and Regional Analysis
- 8.6.4Research & Development Expenses
- 8.6.5Recent strategies and developments:
- 8.6.5.1Acquisition and Mergers:
- 8.6.6SWOT Analysis
- 8.7Permatex Inc. (Illinois Tool Works Inc.)
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Segmental and Regional Analysis
- 8.7.4Research & Development Expenses
- 8.7.5SWOT Analysis
- 8.8Nexus Adhesives Pty Ltd
- 8.8.1Company Overview
- 8.8.2SWOT Analysis
- 8.9Savare I.C. srl
- 8.9.1Company Overview
- 8.9.2SWOT Analysis
- 8.10.Specialty Adhesives and Coatings, Inc.
- 8.10.1Company Overview
- 8.10.2SWOT Analysis
Chapter 9.Winning imperatives of Specialty Adhesives Market