Plastic Adhesives Market Size (2024 - 2029)

The plastic adhesives market is anticipated to experience growth driven by increasing demand from the construction sector, although challenges in the automotive industry may impede this expansion. The Asia-Pacific region holds a significant portion of the market share and is expected to maintain its leading position throughout the forecast period. The building and construction segment leads the market due to extensive construction activities in developing countries.

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Market Size of Plastic Adhesives Industry

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

Plastic Adhesives Market 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 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
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa
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Plastic Adhesives Market Size Summary

The plastic adhesives market is poised for significant growth, driven primarily by the burgeoning construction sector, particularly in the Asia-Pacific region. This growth is attributed to the increasing demand for plastic adhesives in various construction applications, such as flooring, roofing, and insulation, where they are essential for bonding plastic materials with other substrates like wood and metal. The construction boom in developing nations, especially in Asia-Pacific, is a key factor propelling the market forward. Additionally, the Middle East and Africa are witnessing a push towards non-oil sector development, further boosting construction activities and, consequently, the demand for plastic adhesives.

Asia-Pacific is expected to maintain its stronghold in the plastic adhesives market, supported by the region's expanding construction and electrical & electronics sectors. China, in particular, is anticipated to see robust demand due to its large electronics production base and growing automotive industry. The rise in disposable income among the middle-class population is driving the demand for electronic appliances, which in turn fuels the market for plastic adhesives. Meanwhile, India's construction industry is on track to become one of the largest globally, contributing significantly to the market's growth. The market is partially consolidated, with key players like Permabond LLC, 3M, H.B. Fuller Company, and Henkel Corporation playing a pivotal role in shaping its landscape.

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Plastic Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing demand from Construction Sector

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Decline in Automtoive Industry

      2. 1.2.2 Impact of COVID-19 Pandemic

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Resin Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Cyanoacrylate

      3. 2.1.3 Urethane

      4. 2.1.4 Silicones

      5. 2.1.5 Other Resin Types

    2. 2.2 Technology

      1. 2.2.1 Solvent-based

      2. 2.2.2 Water-based

    3. 2.3 End-user Industry

      1. 2.3.1 Automotive

      2. 2.3.2 Building and Construction

      3. 2.3.3 Electrical and Electronics

      4. 2.3.4 Medical

      5. 2.3.5 Packaging

      6. 2.3.6 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 South Africa

        2. 2.4.5.2 Saudi Arabia

        3. 2.4.5.3 Rest of Middle-East and Africa

Plastic Adhesives Market Size FAQs

The Plastic Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Henkel Corporation, H.B. Fuller Company, 3M and Permabond LLC are the major companies operating in the Plastic Adhesives Market.

Plastic Adhesives Market Report Snapshots

Plastic Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)