Sustainable Adhesives Market Size is valued at USD 2.78 billion in 2023 and is predicted to reach USD 4.23 billion by the year 2031 at a 5.63% CAGR during the forecast period for 2024-2031.
Sustainable adhesives are eco-friendly bonding agents designed to minimize environmental impact. They are typically made from renewable, biodegradable, or non-toxic materials, reducing reliance on petrochemicals and harmful chemicals. By offering strong, reliable bonding while being safer for both the environment and human health, sustainable adhesives are a key component in advancing green technologies and reducing waste.
Innovative, sustainable adhesive solutions are the result of companies' heavy investment in R&D. Moreover, sustainable adhesives that perform as well as conventional adhesives have recently been developed due to technological advancements. The performance of sustainable adhesives has been improved due to advancements in bio-based and renewable raw ingredients, which are fueling the sustainable adhesives market in the coming years.
However, market expansion is hindered by a lack of awareness of sustainable adhesives, problems with raw material availability, high production costs, and complicated regulations. Furthermore, the sustainable adhesives business was hit hard by the COVID-19 epidemic, which slowed production and disrupted supply networks. However, it brought attention to the necessity for a sustainable adhesives market by increasing demand for environmentally friendly packaging and hygiene products. Moreover, their use in construction and packaging is growing, the demand for eco-friendly items is rising, and the government is supporting sustainable manufacturing practices through incentives. These are all factors that could lead to opportunities in the sustainable adhesives market.
Competitive Landscape
Some Major Key Players In The Sustainable Adhesives Market:
- BASF SE
- DuPont
- Henkel AG & Co. KGaA
- B. Fuller Company
- Jowat SE
- Dow
- Arkema
- Avery Dennison Corporation
- Synthos
- Paramelt B.V.
- Artience Co., Ltd.
- Other Market Players
Market Segmentation:
The sustainable adhesives market is segmented based on type, raw material, and end-use industry. Based on type, the market is segmented into recyclable, renewable, biodegradable, and green. By raw material, the market is segmented into water-based, plant-based, EVA-based, and acrylic-based. In the end-use industry, the market is segmented into packaging, woodworking, construction, and medical.
Based On The Type, The Recyclable Sustainable Adhesives Market Segment Accounts For A Major Contributor To The Sustainable Adhesives Market.
The recyclable in the sustainable adhesives market is likely to lead with a major global market share because waste reduction and circular economy strategies are getting more and more attention. Adhesives that make recycling easier are in high demand because more and more businesses are aiming to be environmentally friendly. Additionally, adhering to regulatory regulations and consumer expectations for eco-friendly products, these adhesives make it easy to separate and reuse ingredients. Recycling alternatives are becoming increasingly appealing in many sectors as a result of technological advancements in sustainable adhesives that improve their performance.
The Packaging Segment Witnessed A Rapid Growth.
packaging segment is expanding rapidly in the sustainable adhesives market because there is a rising need for packaging options that are both recyclable and kind to the environment. The demand for sustainable adhesives that enable effective recycling is being driven by the growing concern of both consumers and corporations for the environment. The market for environmentally friendly packaging is growing due to a number of factors, including government mandates and corporate sustainability programs.
In The Region, The Asia Pacific Sustainable Adhesives Market Holds A Significant Revenue Share.
The North American sustainable adhesives market is expected to report the most heightened revenue share in the near future due to consumers' high need for environmentally friendly products, strict environmental legislation, strong R&D skills, and sustainable practices widely used in many industries, including building and packaging. In addition, the Europe is expected to grow rapidly in the global sustainable adhesives market because of the growth of the industrial sector, the development of environmental consciousness, and the encouragement of sustainable manufacturing techniques by government laws.
Recent Developments:
- In March 2024, H.B. Fuller Company, an adhesives company, announced that it had completed two strategic acquisitions that would speed up the company’s transition to more highly specified applications and make H.B. Fuller’s Construction Adhesives (CA) business more diverse. It was also adopting another strategic restructuring to speed up the integration of recently acquired businesses and improve operations overall.
Sustainable Adhesives Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 2.78 Bn |
|
Revenue Forecast In 2031 |
USD 4.23 Bn |
|
Growth Rate CAGR |
CAGR of 5.63% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn, Volume (Kiloton) and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, Raw Material, And End-Use Industry |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
BASF SE, DuPont, Henkel AG & Co. KGaA, H.B. Fuller Company, Jowat SE, Dow, Arkema, Avery Dennison Corporation, Synthos, Paramelt B.V., and Artience Co., Ltd |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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