Adhesives Sourcing & Supplier Intelligence Report, 2030

Adhesives Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

  • Published Date: ---
  • Base Year for Estimate: 2022
  • Report ID: GVR-P-UC-105
  • Format: Electronic (PDF)
  • Historical Data: 2020 - 2021
  • Number of Pages: 0

Adhesives Category Overview

The adhesives category is anticipated to grow at a CAGR of 6% from 2023 to 2030. The Asia Pacific region accounted for 41% of the total category share in 2022. Rising construction activities, and the increasing demand from end-user industries such as automotive, electronics, construction, and packaging are driving the growth in this category. One of the major developments is the rise in demand for specialized adhesives used in intricate product manufacturing.

Water-based adhesives are becoming increasingly popular in the adhesives category due to their environmental benefits. They emit fewer volatile organic compounds (VOCs) than solvent-based products, and they are also less flammable. Solvent-free adhesives, which contain less than 5% of hazardous solvents, are another environmentally friendly product. Companies are focusing on developing bio-based products to meet the growing demand. For instance, in November 2022, Bostik (Arkema Group) launched two new label adhesives in India to boost sustainable packaging in the country. Similarly, in March 2022, H.B. Fuller announced the launch of sustainable adhesives under its Swift Tak brand, for the packaging sector. Additionally, a line of metallocene-based hot melt adhesives for bookbinding applications will be introduced by H.B. Fuller.

In the medical device and healthcare sector, leading companies such as 3M, H.B. Fuller, and Henkel are boosting their efforts to create high-performance adhesives appropriate for medical products. For instance, in January 2023, H.B. Fuller launched Swift Melt 1515, its first biocompatible adhesive in the IMEA (India, the Middle East, and Africa) market for medical applications. Swift Melt 1515-I provides efficient, high-tack bonding that is secure, fast, and temperature- and shear-resistant. The product underwent extensive testing and received an ISO 10993-5 certification for cytotoxicity. Similarly, in April 2021, 3M launched its "2484 3M Single Coated Medical Film Tape with Hi-Tack Silicone Adhesive on Liner", in its class of silicone adhesives for aging people (such as patients with chronic diseases) with fragile skin. The tape can be worn for seven days and reduces skin cell removal. The 2484 3M Hi-Tack Silicone Adhesive complies with ISO 10993 sections 5 and 10 and is suitable with ethylene oxide (EtO) sterilization.

Acrylic and methacrylic acids, as well as their derivatives based on esters, are the primary raw ingredients used in the production of acrylic adhesives. Other substances, for instance, methyl methacrylate, are typically only utilized as supplementary monomers. Primary resins, solvents, fillers, plasticizers, reinforcements, thickeners, and thixotropic agents, are some of the different components in an adhesive composition. Increasing prices of raw materials, solvents, inflations, and supply chain disruptions have significantly impacted product prices. In 2022, British Coatings Federation data stated that solvent prices in Q1 - Q2 2022 had increased by 78% since November 2021, and resin prices had increased by more than 39%. In 2022, epoxy resin prices have doubled since 2021. The sharp rise in oil and energy prices along with the Russian-Ukraine crisis has been a significant driver to the spikes in raw material prices. Leaders including H.B. Fuller, 3M, Dow, and DuPont have increased product prices globally by 8-12% due to ongoing inflationary pressure. 

Adhesives Category Procurement Intelligence Report Scope 

Report Attribute


Adhesives Category Growth Rate (CAGR)

CAGR of 6%, from 2023 to 2030

Base Year for Estimation


Pricing growth Outlook

8 - 12%

Pricing Models

Fixed cost pricing model, volume-based pricing model, spot pricing model

Supplier Selection Scope

Cost and pricing, Past engagements, Productivity, Geographical presence

Supplier selection criteria

Tensile strength, temperature resistance, density, viscosity, technical specifications, operational capabilities, regulatory standards and mandates, category innovations, and others.

Report Coverage

Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies profiled

3M, Henkel AG & Co., KGaA, Arkema Group, Sika AG, Pidilite Industries Ltd., Huntsman International LLC., Wacker Chemie AG, Avery Dennison Corporation, RPM International Inc., H.B. Fuller Company, The Dow Chemical Company, DuPont de Nemours, Inc.

Regional scope


Historical data

2020 - 2021

Revenue Forecast in 2030

USD 107.55 billion

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2030

Customization scope

Up to 48 hours of customization free with every report.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Frequently Asked Questions About This Report

gvr icn


gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself...

Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

gvr icn


We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

esomar icon

ESOMAR certified & member


ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.