According to Strarview Research, the global plastic adhesives market was estimated at USD 7.1 billion in 2023 and is likely to grow at a CAGR of 5.5% during 2024-2030 to reach USD 9.8 billion in 2030.

Market Dynamics & Drivers

The plastic adhesives market is shaped by rising demand for efficient, durable bonding solutions tailored to plastic materials—especially within automotive, construction, packaging, electronics, and healthcare sectors. Lightweight solutions, evolving adhesive technologies, and expanding end‑use applications fuel this growth. Notably, the medical devices industry has seen rapid demand growth, especially in the context of the COVID‑19 pandemic recovery and its elevated reliance on adhesives for medical equipment and devices.

Trends & Salient Features

• Advanced Adhesive Technologies: Ongoing innovation in formulations supports the shift toward higher performance and sustainable adhesives, including those compatible with evolving packaging and lightweight material trends.
• Economic & Structural Recovery: Supply chain stabilization post-pandemic has catalyzed adhesive consumption across infratech and healthcare investments.

Segmentation Analysis

The market is segmented into three primary categories:

1. By Resin Type
   Includes epoxy, polyurethane (PU), acrylic, silicone, methyl methacrylate (MMA), cyanoacrylate, and others. Epoxy remains the dominant resin due to its excellent adhesion, chemical resistance, and versatility. Meanwhile, PU is anticipated to be the fastest-growing resin type, benefiting from its adaptability across multiple industries.
2. By Substrate Type
   Comprises PE (polyethylene), PP (polypropylene), and PVC. PE is projected to dominate and register the highest growth rate among substrate types, driven by its widespread use across packaging and consumer goods.
3. By Application
   Applications span automotive & transportation, construction, packaging, electronics, healthcare, and others—highlighting the broad industrial relevance of plastic adhesives.

Competitive Landscape

Leading players at the forefront of the market include Henkel AG (Germany), H.B. Fuller (US), Arkema (Bostik SA, France), 3M Company (US), and Sika AG (Switzerland). These multinational firms leverage extensive R&D, geographic reach, and diversified portfolios to maintain their presence and lead market innovation.

Outlook: 2024–2030

Markets such as packaging and medical adhesives are pivotal drivers of demand, supported by structural shifts toward lightweight materials and enhanced industrial bonding needs. Resin and substrate innovations—particularly in PU resins and PE substrates—offer growth momentum, while top-tier adhesive producers continue to capitalize through continuous innovation and regional expansion.