Global Plastic Adhesives Market to Reach $13.63 Billion by 2029, Growing at 0.0979879372338388% CAGR

Which drivers are expected to have the greatest impact on the over the plastic adhesives market's growth?
The anticipated growth in the construction industry and the subsequent escalating demand for plastic adhesives in this sector could stimulate the plastic adhesives market over the projected timeline. Construction uses for adhesives encompass ceramic tile adhesive, carpet installation, assembly of manufactured and prefabricated houses, resilient flooring and vinyl placement, pre-finished panel attachment, securing roofing systems or tiles, lamination of floors or drywalls, amongst other uses. It's anticipated that economic expansion and a blossoming urban population will augment the requirement for new residential and commercial properties during the projected period, thereby propelling the adhesive demand. Significant opportunities are predicted in Asian nations like Indonesia, Vietnam and the Philippines, which are gaining traction for their export-focused manufacturing. The World Bank anticipates that the urban demographic in South Asia will see a boost of 250 million by 2030. A PwC report suggests that about 60% of the global populace will be situated in urban areas by 2030; this swift rate of urbanisation could augment the demand for infrastructure, thus powering the adhesives market in the future.

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What is the future CAGR of the plastic adhesives market, and how will it impact industry expansion?
In recent times, there has been significant growth in the size of the plastic adhesives market. This market is anticipated to expand from $8.63 billion in 2024 to $9.38 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.7%. The historic development can be linked with the boom in the automotive and aerospace sectors, the need for lightweight and high-performance adhesives, broader construction and packaging industries, creation of superior adhesive formulas, and a rise in the assembly of electronic and medical devices.

In the coming years, the plastic adhesives market is predicted to experience substantial growth, increasing to a value of $13.63 billion in 2029. This projection includes a predicted compound annual growth rate (CAGR) of 9.8%. This expected growth during the forecast period can be attributed to several factors. These include a preference for sustainable and low VOC adhesive solutions, an increase in the production of electric vehicles, tailored adhesive solutions for specific plastics, a strong demand for adhesives resistant to high temperature and impacts, and broadening applications in the renewable energy sector. In line with this projected growth period, major trends are expected to emerge, including the use of bio-based and biodegradable plastic adhesives, an emphasis on regulatory compliance for adhesive safety, innovative smart adhesives with self-healing properties, the enhancement of plastic adhesives through nanotechnology, and adhesive solutions contributing to circular economy practices.

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What are the most significant trends transforming the plastic adhesives market today?
Leading businesses in the plastic adhesives market are inventing new products like plastic-free blister packaging to enhance their worldwide consumer adhesives selection. For example, Henkel, a German multinational active in the chemicals and consumer goods sector, announced in June 2022 that it planned to release plastic-free blister packaging. Henkel is set to increase sustainable packaging across its global brand portfolio for the remainder of the year. This move corresponds with the company's sustainability and packaging objectives for the year 2025 and is designed to enhance product recyclability with the aim of fostering a circular economy.

Which key market segments comprise the plastic adhesives market and drive its revenue growth?
The plastic adhesives market covered in this report is segmented -

1) By Resin Type: Epoxy, Polyurethane, Acrylic, Silicone, MMA, Cyanoacrylate, Other Resin Types
2) By Technology: Solvent-based, Water-based
3) By End-user: Automotive, Building and Construction, Electrical and Electronics, Medical, Packaging, Other End-Users

Subsegments:
1) By Epoxy: Two-Part Epoxy Adhesives, Single-Part Epoxy Adhesives, Flexible Epoxy Adhesives
2) By Polyurethane: Moisture-Cured Polyurethane Adhesives, Two-Part Polyurethane Adhesives, Hot Melt Polyurethane Adhesives
3) By Acrylic: Methyl Methacrylate Adhesives, Acrylic-Based Adhesives, Two-Part Acrylic Adhesives
4) By Silicone: Neutral-Cure Silicone Adhesives, Acetic-Cure Silicone Adhesives, High-Temperature Silicone Adhesives
5) By Methyl Methacrylate (MMA): MMA Structural Adhesives, MMA Adhesives for Plastics
6) By Cyanoacrylate: Industrial-Grade Cyanoacrylate Adhesives, Medical-Grade Cyanoacrylate Adhesives
7) By Other Resin Types: Polyvinyl Acetate (PVA), Rubber-Based Adhesives, Phenolic Resins

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What regions are at the forefront of plastic adhesives market expansion?
Asia-Pacific was the largest region in the plastic adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the plastic adhesives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the leading players fueling growth in the plastic adhesives market?
Major companies operating in the plastic adhesives market include H.B. Fuller Company, Henkel Corporation, 3M Company, Permabond LLC, Sika AG, Dowdupont Inc., Parker Hannifin Corp., Master Bond Inc., Huntsman International LLC, Arkema SA, Adhesive Research Inc., BASF SE, Boston Blacking Company, Buhnen GmbH & Co. KG, Hexion Specialty Chemicals Inc., Lord Corporation, Mapei SPA, Pidilite Industry Ltd., Ashland Inc., Avery International Corporation, Chemence Ltd., Collano Adhesives Inc., Delo Industrie Klebstoffe GmbH & Co. KGaA, Dow Chemical Ltd., Dymax Corporation, Eastman Chemical Company, EMS-Chemie Holding AG, Evonik Industries AG, Illinois Tool Works Inc., ITW Performance Polymers

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What Is Covered In The Plastic Adhesives Global Market Report?

•Market Size Forecast: Examine the plastic adhesives market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the plastic adhesives market for a structured understanding.
•Key Players Overview: Analyze major players in the plastic adhesives market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the plastic adhesives market.
•Segment Contributions: Evaluate how different segments drive overall growth in the plastic adhesives market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the plastic adhesives market.
•Industry Challenges: Identify potential risks and obstacles affecting the plastic adhesives market.
•Competitive Landscape: Review strategic developments in the plastic adhesives market, including expansions, agreements, and new product launches.

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