Glues (Adhesive) Market By Type (Water-based, Solvent-based, Hot-melt, and Reactive & Others), By Application (Paper & Packaging, Building & Construction, Woodworking, Consumer/DIY, Automotive & Transportation, Leather & Footwear, Assembly, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Glue or Adhesive is used to bind together two substances or components that are generally non-metallic, owing to its ability to form superior stress-bearing bonds between the components. The glue products are often used as bonding agents in a varied range of industries to improve stiffness between the joined parts such that it improves the final product performance.

Glues market is estimated to reach $89 billion by 2030; growing at a CAGR of 4.5% till 2030

Market Determinants

High product demand from the automotive sector to reduce vehicle weight and emissions and rapid product adoption in the construction industry are the primary factors driving the growth of the market. The ability of the glue to provide stiff & durable bonds between joined components have replaced traditional techniques of welding and bolt fastening methods, thereby reducing the weight of the automobile and improving fuel efficiency. The usage of adhesive-like products for the attaching of several materials such as plywood and glass would also improve the growth prospects of the market over the forecast period. However, high volatility in raw material prices and the implementation of stringent environmental regulations against harmful emissions might hamper market growth. The use of glue products that emit toxic gases are damaging to nature as well as humans, thereby compelling authorities to enforce restrictions on their use. Extensive R&D to introduce bio-based glue products would provide lucrative opportunities for the market in the coming years. The development of eco-friendly glue products through comprehensive research would enable product despite the regulations implemented, thereby improving prospects of the market.

Market Segmentation

The global Glues market is mainly classified based on Type and Application. Type is further segmented into Water-based, Solvent-based, Hot-melt, and Reactive & Others. By Application, the market is divided into Paper & Packaging, Building & Construction, Woodworking, Consumer/DIY, Automotive & Transportation, Leather & Footwear, Assembly, and Others.

The Water-based segment by Typeholds considerable market share owing to its low-emission functionality, with water acting as a dilute medium to reduce the emission of toxic gases. However, the solvent-based and hot-melt segments would register significant growth over the forecast period in terms of both production value and volume.

In terms of consumption volume, the Paper & Packaging segment by Application would register substantial CAGR of 6.7%, owing to rising product demand from developing nations to cater to the rapid growth of retail e-commerce industry.

Regional Analysis

Based on geography, the global Glues market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

The region of North America leads the market share in terms of production volume owing to the expansive manufacturing capabilities of vital regional players operating in the local market, with the establishment of an extensive distribution network on a global scale enabling product sales in remote areas as well.

Asia-Pacific is slated to register significant market growth in terms of consumption volume over the forecast period owing to the rapid sale of lightweight automobiles to customers with high spending power and rapid product adoption in the regional construction sector in areas of increased urbanization.
 
Key Players

The Glues market is moderately fragmented, with several global players vying with local vendors for substantial market share in terms of volume and value. The continued focus on the expansion of manufacturing capabilities along with the technological development of glue products by top players has further intensified market competitiveness among the companies.

Key players operating in the Glues industry include 3M, H.B. Fuller, Henkel AG & Co. KGaA, The Dow Chemical Company, Sika AG, Arkema, Huntsman Corporation, Avery Dennison, Wacker Chemie AG, BASF SE, Franklin International, LORD Corporation, and Illinois Tool Works.

New product launches after extensive research and expansion of business opportunities through strategic partnerships and mergers & acquisitions are the primarily followed business strategies of the top players looking to capture significant market share during the forecast period.

Glues Market Key Segments

By Type
• Water-based
• Solvent-based
• Hot-melt
• Reactive & Others

By Application
• Paper & Packaging
• Building & Construction
• Woodworking
• Consumer/DIY
• Automotive & Transportation
• Leather & Footwear
• Assembly
• Others

By Geography

• North America
o The U.S.
o Canada
o Mexico

• Europe
o U.K
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia Pacific

• South America
o Brazil
o Argentina
o Rest of South America

• Middle East & Africa
o GCC Countries
o Egypt
o South Africa
o Rest of Middle East & Africa

Key Global Glues Industry Players

• 3M
• H.B. Fuller
• Henkel AG & Co. KGaA
• The Dow Chemical Company
• Sika AG
• Arkema
• Huntsman Corporation
• Avery Dennison
• Wacker Chemie AG
• BASF SE
• Franklin International
• LORD Corporation
• Illinois Tool Works

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Glues Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. High product demand from automotive sector to reduce vehicle weight and emissions
3.3.2. Rapid product adoption in the construction industry
3.4. Restraints
3.4.1. High volatility in raw material prices
3.4.2. Implementation of stringent environmental regulations against harmful emissions
3.5. Opportunity
3.5.1. Extensive R&D to introduce bio-based glue products
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Water-based
4.2.1. Market Size & Forecast
4.3. Solvent-based
4.3.1. Market Size & Forecast
4.4. Hot-melt
4.4.1. Market Size & Forecast
4.5. Reactive & Others
4.5.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Paper & Packaging
5.2.1. Market Size & Forecast
5.3. Building & Construction
5.3.1. Market Size & Forecast
5.4. Woodworking
5.4.1. Market Size & Forecast
5.5. Consumer/DIY
5.5.1. Market Size & Forecast
5.6. Automotive & Transportation
5.6.1. Market Size & Forecast
5.7. Leather & Footwear
5.7.1. Market Size & Forecast
5.8. Assembly
5.8.1. Market Size & Forecast
5.9. Others
5.9.1. Market Size & Forecast

6. Glues Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Glues Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Glues Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Glues Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Glues Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Glues Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. 3M
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. 3M Product Category, Application, and Specification
7.1.3. 3M Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. H.B. Fuller
7.3. Henkel AG & Co. KGaA
7.4. The Dow Chemical Company
7.5. Sika AG
7.6. Arkema
7.7. Huntsman Corporation
7.8. Avery Dennison
7.9. Wacker Chemie AG
7.10. BASF SE
7.11. Franklin International
7.12. LORD Corporation
7.13. Illinois Tool Works