Adhesives Market and Trend

Adhesives are materials that have good adhesive properties and can form a film between the surfaces of two objects and bond them firmly together, and are generally prepared from components such as adhesive substances, curing agents, toughening agents, diluents and modifiers. Adhesives according to the chemical composition of the main agent can be divided into organic silicone adhesives, polyurethane adhesives, epoxy resin adhesives, acrylic adhesives, synthetic rubber adhesives, etc.

The global adhesives market size was USD 44.3 billion in 2017, growing to USD 58.6 billion in 2022, with a CAGR of 5.8% from 2017 to 2022. The global adhesives market size is expected to grow to USD 75.5 billion in 2027, with a CAGR of 5.2% from 2022 to 2027.

Figure 2017-2027 Global Adhesives Market Size (Billion USD) and CAGR

The Asia Pacific is the largest market for adhesives. The Asia Pacific has a market share of 31.9%, followed by Europe and North America with market shares of 29.1% and 22.0%, respectively.
Adhesives are widely used in packaging, electronics and electrical, construction materials, automotive and transportation, machinery manufacturing, new energy, medical and health care, aerospace and other fields. Packaging and construction account for the majority of the market share, with a combined share of about 60%.