Appliance Adhesive Market Size & Trends
The global appliance adhesive market size was estimated at USD 6.93 billion in 2023 and is expected to grow at a CAGR of 9.1% from 2024 to 2030. The market is being driven by a combination of factors, including consumer preferences, technological advancements, environmental concerns, and industry trends. Consumers are increasingly seeking appliances that are durable, long-lasting, and energy-efficient. The development of eco-friendly and sustainable adhesives is driving market growth.
Additionally, advancements in adhesive technology, such as innovative formulations and customized solutions, contribute to market growth. The expanding construction and renovation market, both residential and commercial, is also a significant driver for the market.
To cater to evolving consumer needs, manufacturers have increased their focus on developing adhesives tailored to specific industries. The global automotive sector's growth has spurred demand for electronics adhesives, which are used in various applications, including LED packaging, power electronics modules, anti-theft systems, engine status displays, and collision avoidance systems.
Gather more insights about the market drivers, restrains and growth of the Global Appliance Adhesive Market
Detailed Segmentation:
Product Insights
Based on product, the market is segmented into rubber, silicone, epoxy, and acrylic. The epoxy segment dominated the market with the largest revenue share in 2023. Epoxy is a versatile adhesive and coating material widely used in appliance manufacturing due to its excellent bonding properties, durability, and resistance to various environmental factors. It is also used as an insulating material in appliances, particularly electrical components. Its dielectric properties help prevent electrical short circuits and ensure safe operation. Epoxy encapsulates electronic components within appliances, protecting them from moisture, dust, and mechanical shock, improving their reliability and lifespan.
Application Insights
Based on application, the market is segmented into washing machines, refrigerators, air conditioners, cooking ranges, cooktops, vacuum cleaners, dishwashers, microwaves, & ovens. Refrigerators dominated the market with the largest revenue share in 2023. Adhesives play a crucial role in the construction and assembly of refrigerators, ensuring the structural integrity, insulation, and overall performance of these appliances. They are used to bond the various components of the refrigerator cabinet, such as the sides, top, bottom, and door. They are used to bond polyurethane foam insulation to the interior walls of the refrigerator cabinet, ensuring effective insulation and preventing heat transfer.
Regional Insights
North America appliance adhesive marketis growing due to the emphasis on sustainability in the region, which drives the demand for eco-friendly and sustainable adhesives for appliance manufacturing. Consumers are increasingly opting for energy-efficient appliances to reduce their environmental impact and utility bills, leading to a higher demand for product used in the construction of these appliances.
Key Appliance Adhesive Company Insights
Some of the key players operating in the market are 3M and Sika AG:
- 3M is a global diversified technology company known for its innovative products and solutions. Founded in 1902, 3M has a long history of applying science and innovation to create products that improve lives and communities around the world.
- Sika AG is a Swiss multinational specialty chemicals company. It is one of the world's largest manufacturers of adhesives, sealants, and waterproofing products. Sika specializes in solutions for the construction, industrial, and automotive markets.
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Key Appliance Adhesive Companies:
The following are the leading companies in the appliance adhesive market. These companies collectively hold the largest market share and dictate industry trends.
- Pidilite Industries Ltd.
- Arkema
- Wacker Chemie AG
- Huntsman International LLC
- RPM International Inc.
- B. Fuller Company
- Henkel Corporation
- 3M
- Sika AG
- Dow
Appliance Adhesive Market Segmentation
Grand View Research has segmented the global Appliance Adhesive market on the basis of component, type, spectrum, network architecture, vertical, and region:
- Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Rubber
- Acrylic
- Silicone
- Epoxy
- Others
- Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Washing Machine
- Cooktops
- Cooking Ranges
- Dishwashers
- Refrigerators
- Air Conditioners
- Microwaves & Ovens
- Vacuum Cleaners
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
Order a free sample PDF of the Appliance Adhesive Market Intelligence Study, published by Grand View Research.
Recent Developments
- In May 2024, Arkema acquired Dow’s flexible packaging laminating adhesives business, one of the leading producers of adhesives for the flexible packaging market, generating annual sales of around US$250 million.
About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
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