Home > Chemicals & Materials > Adhesives and Sealants > Specialty Adhesives > Plastic Adhesives Market

Plastic Adhesives Market Trends

Report ID: GMI8808
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

Plastic Adhesives Market Trends

In the plastic adhesives industry, a notable trend is the increasing emphasis on sustainability, driving the development of eco-friendly formulations and recyclable packaging adhesives. Another trend is the rising adoption of hybrid adhesive technologies, combining the strengths of different adhesive types to offer enhanced performance and versatility. Additionally, there's a growing demand for instant bonding solutions in various industries, leading to the development of cyanoacrylate-based adhesives with rapid curing properties. Furthermore, digitalization and automation are revolutionizing the adhesive application process, improving efficiency and precision in manufacturing operations. Lastly, customization and tailored solutions are gaining prominence as manufacturers strive to meet specific customer requirements across diverse applications and industries.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for plastic adhesives recorded USD 8 billion in 2023 and is expected to register over 5.4% CAGR from 2024 to 2032, due the expanding packaging sector requiring strong and versatile bonding solutions for various packaging materials.

The epoxy resin adhesives segment in the plastic adhesives industry reached USD 2.24 billion in 2023 and is expected to depict robust growth between 2024 and 2032, owing to their excellent resistance to heat, chemicals, and environmental factors for enhancing the durability of bonded assemblies.

Asia Pacific industry accumulated a revenue of USD 2.87 billion in 2023 and is predicted to reflect commendable growth from 2024 to 2032, on account of the expansion of packaging, e-commerce and FMCG sectors.

3M, Arkema, Ashland Inc, Dow Inc, Dymax Corporation, H.B. Fuller, Henkel AG, Illinois Tool Works, Mapei S.P.A., Master Bond Inc are some of the major plastic adhesives companies worldwide.