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The adhesives market size has demonstrated robust growth, ascending from $84.6 billion in 2023 to $92.58 billion in 2024, achieving a substantial CAGR of 9.4%. The historic period’s growth can be ascribed to strong economic growth in end-user markets, emerging markets, rapid technological development, and increased residential construction activity. Looking forward, the market is poised for strong growth, reaching $130.87 billion in 2028 with a CAGR of 9.0%. Contributing factors include demand from the automobile industry, increased demand for adhesives in the building and construction industry, rapid urbanization, and rising demand from the packaging industry. Key trends in the forecast period encompass automation and instrumentation solutions, the adoption of 3D vision systems, investments in rapid curing of adhesives, implementation of e-beam technology, a focus on developing innovative products, and consideration of IoT technologies.

Technological advancements played a pivotal role in driving the global economy during the historic period, significantly impacting industries like adhesives. The adhesives industry, incorporating technologies such as hot melts, reactive acrylics, and UV systems, witnessed increased popularity due to their safety and energy efficiency. The adoption of adhesives over mechanical fastening systems, attributed to superior performance and cost-effectiveness, contributed to the growth of the adhesives market during the historic period. This technological trend is expected to continue shaping the market, resulting in substantial growth from $X billion in 2023 to $Y billion in 2024 and further expanding to $Z billion by 2028.

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What Are The Key Trends That Influence Adhesives Market Share Analysis?

Adhesive companies are increasingly adopting IoT (Internet of Things) technologies to connect equipment and smart devices for real-time insights and efficiency improvements in manufacturing. Data collected is analyzed by plant managers to enhance quality and production levels. For example, smart systems can provide information on the performance of chemical reactors, alerting operators to potential machine breakdowns. Major companies incorporating IoT include BASF SE, The Dow Chemical Company, and H.B. Fuller.

Which Market Players Are Driving Growth In The Adhesives Market?

Major companies operating in the adhesives market report are Henkel & Co. KGaA, 3M Company, Arkema, Sika AG, H.B. Fuller, Illinois Tool Works Inc, PPG Industries, Dow Inc., Avery Dennison, Huntsman, Benson Polymers Limited, Acme Corp, Chadha Corporation Pvt. Ltd, Adfast Polymers, Proten Exim Private Limited, Hunan Magpow Adhesive Group Co., Ltd, Wuhan Boli Chemical Ltd, Zibo Chico International Co., Ltd, Tengxin Chuzhou New Material Co., Ltd, Megabond (Huangshan) Adhesive Co., Ltd, Shanghai Hansi Industrial Co., Ltd, Beijing Comens New Materials Co., Ltd, Japan Sika Corporation, Afinitica, ITAC Adhesives, Bostik UK, Antala Ltd, tesa SE, NPT SRL, Permabond, Grupa Azoty Zakłady Chemiczne Police S.A, MD Poland, RUSTA LLC, Russian Coatings JSC, LIKK, Alloy Products, Amazing Goop, AssureCure, Bondmaster, Camie, Chem-Calk, Chemseal, Chipbonder, ConProTec, Conap, Conapoxy, Cytec, Devcon, Double/Bubble, Dymax, Dynaloy, E-Max, Eccobond, Eclectic, EconoDot, Elastoplastic, Ellsworth, Emerson & Cuming, Epoxi-Patch, FISHMAN, Oasn Me Ltd, Amazonas Industria E Comercio Ltd, Hotmelt Adhesives, Fixa Tudo, Jowat SE

How Is The Global Adhesives Market Segmented?

The adhesives market covered in this report is segmented –

1) By Adhesive Type: Structural, Tapes And Films, Threadlocks And Retainers, Liquid Gaskets, Automotive Adhesives
2) By Vehicle Type: Passenger Cars, LCVs, Trucks, Buses, Aftermarket
3) By Resin Type: Polyurethane, Epoxy, Acrylics, Silicone, SMP, MMA, Other Resin Types
4) By Application: BIW, Glazing, Powertrain, Paint Shops, Upholstery

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The Adhesives Global Market Report 2024 provides an overview of the adhesivesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The adhesives market forecast analyzes adhesives market size, adhesives market share, leading competitor and their market positions.

The Table Of Content For The Adhesives Market Include

1. Adhesives Market Executive Summary
2. Adhesives Market Segments
3. Adhesives Market Size And Template Market Growth Rate
4.  Key Adhesives Market Trends
5. Major Adhesives Market Drivers
……
25. Key Mergers And Acquisitions In The Adhesives Market
26. Top Adhesives Companies
27. Adhesives Market Opportunities And Strategies
28. Adhesives Market, Conclusions And Recommendations
29. Appendix

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