Chemicals

Comprehensive Plastic Adhesives Market Analysis 2024: Size, Share, And Key Trends

January 30, 2024 by The Business Research Company

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Plastic Adhesives Global Market Report 2024, the plastic adhesives market is expected to show significant growth in the forecast period.

Market Expansion: A Steady Growth Trajectory

Plastic adhesives market size witnessed robust growth in recent years.
From $7.96 billion in 2023, it is projected to reach $8.68 billion in 2024 at a CAGR of 9.0%.
Factors driving historic growth include automotive and aerospace industry demands, lightweight bonding, and advanced adhesive formulations.

Anticipating Strong Growth Ahead

Expectations of continued expansion: $12.28 billion in 2028, with a CAGR of 9.1%.
Foreseen drivers: sustainable solutions, electric vehicle production, customized formulations, and renewable energy demands.
Emerging trends: bio-based adhesives, regulatory compliance, self-healing properties, nanotechnology integration, and circular economy practices.

View More On The Plastic Adhesives Market Report 2024 – https://www.thebusinessresearchcompany.com/report/plastic-adhesives-global-market-report

Driving Forces: Construction Industry and Urbanization

Construction sector demand surge for plastic adhesives.
Adhesive applications: ceramic tiles, flooring, roofing, and prefabricated housing.
Economic growth and urbanization fuel the need for residential and commercial infrastructure.
Asian countries, like Indonesia and Vietnam, offer significant growth opportunities.
Projection: 60% of the global population residing in urban areas by 2030, escalating infrastructure demand.

Embracing Automation for Enhanced Production

Plastic adhesive firms opt for automation and instrumentation for efficiency.
Instrumentation includes control valves, transmitters, and flow meters.
Notable development: 3M and Nordson’s automated bonding system enhances efficiency and sustainability.

Strategic Acquisitions Strengthen Market Position

H.B. Fuller’s acquisition of Beardow Adams amplifies its market presence.
The move aims to address emerging trends like e-commerce and sustainability.
Beardow Adams brings expertise in plastic adhesive solutions to H.B. Fuller’s portfolio.

Segmentation Insights

Resin types: Epoxy, Polyurethane, Acrylic, Silicone, MMA, Cyanoacrylate, and others.
Technology: Solvent-based and Water-based adhesives.
End-users: Automotive, Construction, Electronics, Medical, Packaging, among others.

Asia-Pacific Dominance and Future Growth

Asia-Pacific leads the plastic adhesives market, with substantial growth projected.
Rapid industrialization and infrastructure development propel market expansion in the region.

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The Plastic Adhesives Global Market Report 2024 provides an in-depth analysis on the plastic adhesives market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the plastic adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Hot-Melt-Based Adhesives Global Market Report 2024

Adhesives Global Market Report 2024

Solvent-Based Adhesives Global Market Report 2024

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