Plastic Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Plastic Adhesives Market Analysis
The market for plastic adhesives is expected to grow at a CAGR of more than 5% during the forecast period. Increasing demand from the construction sector is a major factor driving the demand of the market studied. However, the decline in the automotive industry is likely to hinder the market.
- Asia-pacific dominated the market with a significant share and is estimated to continue its dominance during the forecast period.
- The building and construction segment dominated the market owing to the robust construction activities in developing nations.
Plastic Adhesives Market Trends
This section covers the major market trends shaping the Plastic Adhesives Market according to our research experts:
Building and Construction to Dominate the Market
- In the building and construction sector, plastics find application in flooring, roofing, insulation, wall, pipes, windows, doors, etc.
- While these plastics are used, specific plastic adhesives are required to bond plastic material with plastic or other substrates, such as wood, metal, ceramic, and others.
- The current boom in the construction activity, majorly in the Asia-Pacific region, is driving the demand for plastics and thereby, plastic adhesives.
- Besides Asia-Pacific, the countries in the Middle East & African region have been promoting the development of the non-oil sector, which is projected to increase the construction activities in the region.
- Hence, the increasing construction activities in these regions are driving the demand for plastic adhesives.
Soaring Demand from Asia-Pacific
- Asia-Pacific is projected to witness strong growth during the forecast period, owing to the booming construction sector, and increasing electrical & electronics production in the region.
- In Asia-Pacific, China is expected to witness strong growth in the demand for plastic adhesives, owing to the increasing automotive production, along with the favorable government support to the electrical & electronics industry to increase production.
- China has the world's largest electronics production base and offers a tough competition to existing upstream producers, such as South Korea, and Taiwan.
- Electronic products, such as household appliances including washing machines, refrigerators, etc., among others, have the highest growth in the consumer electronics segment of the market, in terms of demand. With an increase in the disposable income of the middle-class population, the demand for electronic appliances is projected to increase steadily in the future, thereby, driving the market studied.
- Furthermore, the construction industry is the second-largest industry in India, with an average GDP contribution of about 9% every year. The construction showed promising growth in 2019, with a re-energized output of around 8%. It is predicted that India's construction industry is set to emerge as the third-largest market in the world, with a size of almost USD 1 trillion by the end of the forecast period.
- Such factors combined are boosting the demand of plastic adhesives market in Asia-Pacific.
Plastic Adhesives Industry Overview
The market studied is partially consolidated among the limited players. Some of the key players in the market include Permabond LLC, 3M, H.B. Fuller Company, and Henkel Corporation, among others.
Plastic Adhesives Market Leaders
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Henkel Corporation
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H.B. Fuller Company
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3M
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Permabond LLC
*Disclaimer: Major Players sorted in no particular order
Plastic Adhesives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing demand from Construction Sector
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 Decline in Automtoive Industry
- 4.2.2 Impact of COVID-19 Pandemic
- 4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Resin Type
- 5.1.1 Epoxy
- 5.1.2 Cyanoacrylate
- 5.1.3 Urethane
- 5.1.4 Silicones
- 5.1.5 Other Resin Types
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5.2 Technology
- 5.2.1 Solvent-based
- 5.2.2 Water-based
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5.3 End-user Industry
- 5.3.1 Automotive
- 5.3.2 Building and Construction
- 5.3.3 Electrical and Electronics
- 5.3.4 Medical
- 5.3.5 Packaging
- 5.3.6 Other End-user Industries
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5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 France
- 5.4.3.4 Italy
- 5.4.3.5 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle-East and Africa
- 5.4.5.1 South Africa
- 5.4.5.2 Saudi Arabia
- 5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Dymax Corporation
- 6.4.3 H.B. Fuller Company
- 6.4.4 Henkel Corporation
- 6.4.5 Huntsman International LLC
- 6.4.6 INTERTRONICS
- 6.4.7 Master Bond Inc.
- 6.4.8 Panacol-Elosol GmbH
- 6.4.9 Permabond LLC
- 6.4.10 Pidilite Industries Ltd.
- 6.4.11 SIKA AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Incresing Packaging Applications
Plastic Adhesives Industry Segmentation
The plastic adhesives market report includes:
| Resin Type | Epoxy | |
| Cyanoacrylate | ||
| Urethane | ||
| Silicones | ||
| Other Resin Types | ||
| Technology | Solvent-based | |
| Water-based | ||
| End-user Industry | Automotive | |
| Building and Construction | ||
| Electrical and Electronics | ||
| Medical | ||
| Packaging | ||
| Other End-user Industries | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle-East and Africa |
Plastic Adhesives Market Research FAQs
What is the current Plastic Adhesives Market size?
The Plastic Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Plastic Adhesives Market?
Henkel Corporation, H.B. Fuller Company, 3M and Permabond LLC are the major companies operating in the Plastic Adhesives Market.
Which is the fastest growing region in Plastic Adhesives Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Plastic Adhesives Market?
In 2024, the Asia Pacific accounts for the largest market share in Plastic Adhesives Market.
What years does this Plastic Adhesives Market cover?
The report covers the Plastic Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Plastic Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Plastic Adhesives Industry Report
Statistics for the 2024 Plastic Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Plastic Adhesives analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
