Market Value & Growth
Projections:
• Market Value in 2024 : USD 3,311 million
• Projected Value by 2031: USD 4,630 million • CAGR 4.5% (2024–2031)
Rising Demand in Automotive and Aerospace Industries
Infrastructure Modernization
North America holds a substantial share of the global market, primarily driven by mature aerospace and automotive sectors in the U.S. The presence of major industry players and a well-established R&D ecosystem fosters innovation and early adoption of advanced adhesive technologies.
Europ: Europe’s market growth is supported by stringent environmental regulations and strong demand for sustainable construction practices. Countries like Germany, France, and the U.K. have been pioneers in promoting high-performance adhesives across automotive, wind energy, and infrastructure applications.