Adhesive resin industry status: The global market size will reach $15 billion in 2024

Release time:

2024-09-18

Adhesive resins are used to couple two different materials and are composed of components and composites, usually in the form of cement, glue, paste and mucus. The use of adhesives offers various advantages over other techniques such as mechanical fastening, sewing and welding.

According to research data from Beziers Consulting, the global adhesive resin market will reach $15 billion in 2024 and is expected to increase to $19.9 billion by the end of 2029.

Product segmentation

The market is segmented into: polyvinyl acetate, polyacrylate, synthetic rubber, vinyl acetate, polyurethane, epoxy resins and others.

The epoxy resin segment dominates the global market due to its better corrosion resistance and mechanical strength.

Application segmentation

The market is segmented into: Construction, Wood Processing, Consumer Goods /DIY, Transportation, Leather and Footwear, and others.

Adhesive resins have been widely adopted in the construction industry, and the construction industry will dominate the market in 2024.

Formula subdivision

The market is segmented into: solvent-based, water-based, reactive, hot melt and others.

Water-based adhesives will hold the highest market share during the forecast period, and their main ingredients include vinyl acetate-ethylene, which is marketed in powder form and has excellent moisture resistance and flexibility.

Regional distribution

Due to the growing demand for adhesives in the end-user industry, the Asia-Pacific region holds the highest market share. In addition, due to the development of emerging technologies, the demand for adhesive resins in China, India and the rest of Asia Pacific is also growing.

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