The global glue market, officially known as the adhesives market, is a substantial and expanding industry. Its estimated market size in 2024 is US$ 68.94 Billion.
This market is poised for significant growth over the next decade. Projections indicate that by 2034, the global adhesives market is expected to reach a value of US$ 112.29 Billion. This growth is forecasted to occur at a robust compound annual growth rate (CAGR) of 5% from 2024 to 2034, reflecting a consistent increase in demand across various sectors.
Key Market Projections for the Adhesives Industry
To illustrate the market's trajectory, here are the core projections:
| Market Attribute | Details |
|---|---|
| Adhesive Market Size (2024) | US$ 68.94 Billion |
| Forecasted Market Value (2034) | US$ 112.29 Billion |
| Global Market Growth Rate (2024-2034) | 5% CAGR |
Market Segments and Growth Drivers
Within the adhesives market, various types of glues serve distinct applications. For example, reactive adhesives are a prominent segment, anticipated to account for a significant 21.8% of the market share by 2034. These adhesives are valued for their strong and durable bonds, formed through a chemical curing process, making them indispensable in critical applications such as automotive assembly, construction, and electronics manufacturing.
The growth of the glue market is primarily fueled by increasing demand in key industries like packaging, building and construction, automotive, and consumer goods. Continuous innovation in adhesive technologies, coupled with the growing need for high-performance and environmentally friendly bonding solutions, are pivotal factors driving this steady market expansion.
