Global adhesives and adhesive-applying equipment market projected to grow at 4.5% CAGR to $89.9 billion by 2029
From GlobeNewswire: 2025-04-16 14:59:00
The market for adhesives and adhesive-applying equipment is projected to grow from $72.1 billion in 2024 to $89.9 billion by 2029, with a CAGR of 4.5%. This growth is driven by demand from industries like automotive, construction, and packaging, with a focus on automation and sustainability. Innovations in smart adhesives and robotic equipment are revolutionizing production methods.
The global market for adhesives and adhesive-applying equipment is essential for various industries, offering solutions to enhance bonded substrates’ durability and strength. The market is segmented by curing techniques, technologies, chemicals, and end uses for adhesives, and types and end users for adhesive-applying equipment. The report provides insights into market dynamics, manufacturers, ESG developments, and competitive landscapes.
Key factors driving the market include the use of adhesives in packaging, transportation, footwear, furniture, and appliances. The adoption of automated and robotic equipment improves precision and efficiency, while the demand for bio-based adhesives grows due to sustainability concerns. Customizable and OEM equipment tailored to specific industries enhance production efficiency and competitiveness.
The market size for adhesives and adhesive-applying equipment is projected to reach $89.9 billion by 2029, with a CAGR of 4.5%. The market is segmented by curing technique, technology, chemicals, end user, and region. The packaging segment is expected to dominate the market by 2029, with Asia-Pacific holding the largest market share. Major market leaders include Henkel, Avery Dennison, and BASF.
Emerging startups in the industry include Layerneer, which specializes in thermal dynamic adhesive coatings for 3D printing, and RALLK, a manufacturer of adhesive solutions for the cement industry. These startups are driving innovation in adhesive technologies and applications. Other related reports from BCC Research provide insights into the global markets for adhesives, sealants, and joining and fastening.
BCC Research offers market research reports that provide objective, unbiased assessments of market opportunities. Their experienced industry analysts aim to help businesses make informed decisions by cutting through the noise and providing valuable insights. For more information or to purchase reports, contact [email protected].
Read more at GlobeNewswire: Global Adhesives and Adhesive-Applying Equipment Market