The global adhesives market has grown strongly in recent years, and the latest forecast suggests that the fast pace of growth will continue. The market that was worth some $84.6bn in 2023 has grown to $92.4 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%, and is forecast to grow to $130.87 billion in 2028 at a CAGR of 9.0%. Much of this is attributed to increased demand from the automotive industry, as well as the building and construction sector, and with a strong contribution from the packaging industry. Major trends in the forecast period include automation and instrumentation solutions, adopting 3D vision systems, investment in rapid curing adhesives, and a focus on developing innovative products.
Issue No. 218 6th November 2024
Rapid growth forecast for global adhesives market
The global adhesives market has grown strongly in recent years, and the latest forecast suggests that the fast pace of growth will continue. The market that was worth some $84.6bn in 2023 has grown to $92.4 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%, and is forecast to grow to $130.87 billion in 2028 at a CAGR of 9.0%. Much of this is attributed to increased demand from the automotive industry, as well as the building and construction sector, and with a strong contribution from the packaging industry. Major trends in the forecast period include automation and instrumentation solutions, adopting 3D vision systems, investment in rapid curing adhesives, and a focus on developing innovative products.
Five corrosion protection tips to preserve your fasteners
Corrosion is a common enemy of fasteners. Over time, it causes them to weaken, rust, and ultimately fail. The experts at Zygology share five practical tips to help you preserve your fasteners and keep them in top condition.
Bollhoff announces successful certification to ISO 19443, strengthening the Group's position as an innovative manufacturer of fastening solutions for the civil nuclear industry.
JET PRESS shortlisted for Heroes of British Export at Impact Awards
JET PRESS has been shortlisted for the prestigious Heroes of British Export category at the Made in Britain Impact Awards 2024. This recognition highlights the company's hard work, dedication and commitment to bringing high-quality British-made ...
Customised joining systems for demanding applications
At the SPS 2024, Kistler will present two examples of electromechanical joining systems that can be used as individual components or as complete systems integrated in a Smart Single Station.
Dyne Testing, an Intertronics brand, presents CleanoSpector, an instrument that provides contact-free cleanliness inspection and aids quality assurance of industrial cleaning processes.
Emerson highlights Branson GSX-E1 ultrasonic welder at PACK EXPO
Emerson will be highlighting the Branson GSX-E1 ultrasonic welder at PACK EXPO Chicago, and the advanced automation systems it enables, helps manufacturers improve efficiency and reach sustainability goals.
Polyurethane production at Henkel site receives ISCC PLUS certification
Henkel Adhesive Technologies' polyurethane production at its Dusseldorf site has received the International Sustainability Carbon Certification (ISCC) PLUS certification.
How many times have you tried to assemble something using washers, only to have them slip through your fingers? We've all been there. But with Staytite's range of fastener solutions, that hassle becomes a thing of the past.
PI UK has opened invitations to its final event of 2024, focusing on the future of industrial networks. The event will be held at Statham Lodge Hotel, Lymm, on 14 November, from 9:30 to 3:30.
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