The adhesive market presents various technologies, including water-based, solvent-based, hot melt, reactive, and others, each offering unique bonding characteristics. Chemistries such as Polyvinyl acetate (PVA), EVA, acrylics, styrenic block, epoxy, polyurethane, and others contribute to diverse adhesive formulations. Polyvinyl acetate ensures versatility, while epoxy provides robust bonding. acrylics offer durability, and polyurethane combines strength and flexibility. This market caters to multifaceted bonding needs, accommodating various industries with specific adhesive requirements and applications.
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Data Bridge Market Research analyses that the Turkey Adhesives Market, which was USD 1,414.37 million in 2022, is expected to reach USD 2,187.13 million by 2030, and is expected to undergo a CAGR of 5.6% during the forecast period of 2023 to 2030. Rising packaging needs serve as a crucial driver in the adhesive market. The surge in e-commerce and consumer goods necessitates strong, reliable adhesives for packaging solutions. As demand grows in these sectors, the adhesive market experiences heightened requirements for effective and efficient packaging materials, fostering market expansion.
Key Findings of the Study
Environmental regulations are expected to drive the market's growth rate
Environmental regulations significantly drive the adhesive market. Increasing emphasis on sustainability and regulatory measures favors adopting eco-friendly, low-VOC (volatile organic compound) adhesives. Manufacturers align with environmental standards, responding to concerns about global emissions and environmental impact. This driver shapes the adhesive market landscape, fostering innovative formulations that meet regulatory requirements and consumer preferences for environmentally conscious and safer solutions.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (Water-Based, Solvent-Based, Hot Melt, Reactive, and Others), Chemistry (Polyvinyl Acetate (PVA), EVA, Acrylics, Styrenic Block, Epoxy, Polyurethane, and Others), Substrate (Wood, Metal, Plastics, Composites, and Others), Application (Pressure Sensitive Applications (PSA), Construction, Automotive, Packaging, Furniture, Footwear, and Others), End-Use (B2C (Consumer Products), Glue Processors, and B2B)
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Market Players Covered
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Henkel AG & Co. KGaA (Germany), 3M (U.S.), Sika (Switzerland), Mitsubishi Chemical Corporation (Japan), AVERY DENNISON CORPORATION (U.S.), H.B. Fuller Company (U.S.), Akzo Nobel N.V. (Netherlands), Eastman Chemical Company (U.S.), DuPont (U.S.), Bostik (France), Akkim (Turkey), Ashland (U.S.), Beardow Adams (U.K.), BETA Kimya (Turkey), Frimpeks (Turkey), Jowat (Germany), MAPEI S.p.A. (Italy), Momentive (U.S.), Organik Kimya (Turkey), and RTC Chemical (Turkey)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Turkey adhesives market is segmented on the basis of technology, chemistry, substrate, application, and end-use.
- On the basis of technology, the Turkey adhesives market is segmented into water-based, solvent-based, hot melt, reactive, and others
- On the basis of chemistry, the Turkey adhesives market is segmented into polyvinyl acetate (PVA), EVA, acrylics, styrenic block, epoxy, polyurethane, and others
- On the basis of substrate, the Turkey adhesives market is segmented into wood, metal, plastics, composites, and others
- On the basis of application, the Turkey adhesives market is segmented into pressure sensitive applications (PSA), construction, automotive, packaging, furniture, footwear, and others
- On the basis of end-use, the Turkey adhesives market is segmented into B2C (consumer products), glue processors, and B2B
Major Players
Data Bridge Market Research recognizes the following companies as the Turkey adhesive market players in Turkey adhesive market are Henkel AG & Co. KGaA (Germany), 3M (U.S.), Sika (Switzerland), Mitsubishi Chemical Corporation (Japan), AVERY DENNISON CORPORATION (U.S.), H.B. Fuller Company (U.S.).
Market Developments
- In June 2023, H.B. Fuller revealed its acquisition of Beardow Adams, a UK-based family-owned industrial adhesive manufacturer. This strategic move expands H.B. Fuller's global footprint and product offerings, leveraging Beardow Adams' expertise. The acquisition strengthens H.B. Fuller's position in the adhesive market, fostering innovation, and enhancing its ability to provide a comprehensive range of adhesive solutions for diverse industrial applications
- In July 2022, Mapei commenced the construction of its third manufacturing facility in Kosi, Mathura. This strategic move aims to meet the increasing demand for construction and building materials in Northern India. The new facility signifies Mapei's commitment to enhancing production capabilities and efficiently supplying high-quality construction solutions to support the region's infrastructure development and construction projects, contributing to the company's growth and market presence
- In July 2022, Arkema successfully concluded the acquisition of Permoseal, a leading provider of adhesive solutions for DIY, packaging, and construction. This strategic move strengthens Arkema's presence in South Africa, broadening its portfolio and market reach. The acquisition aligns with Arkema's commitment to expanding its adhesive business globally, tapping into new markets, and enhancing its capabilities to meet diverse industry demands
- In May 2022, Henkel launched innovative products, including Loctite Liofol LA 7818 RE / 6231 RE and Loctite Liofol LA 7102 RE / 6902 RE, aimed at advancing recyclability in the packaging industry. These solutions underscore Henkel's commitment to sustainable practices, offering adhesive options that reduce environmental impact and promote circular economy principles within the packaging sector
- In January 2021, Bostik invested approximately USD 11 million collaborated with Cartell Chemical Co. The strategic collaboration aims to reinforce Bostik's instant engineering adhesives business. This significant investment facilitates the accelerated development and production of high-value engineering adhesives, showcasing Bostik's commitment to advancing its adhesive capabilities and meeting the evolving demands of various industries reliant on engineering adhesives
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