An adhesive is used to join two surfaces together. Adhesives used in industrial applications are referred to as industrial adhesives. Additives such as pigments, fillers, plasticizers, etc. in combination with natural rubber, starch, synthetic polymer, neoprene and more form industrial adhesives. Natural and synthetic polymers are the main raw materials used in the production of these adhesives. They are extensively used in industries such as automotive, packaging, electronics, medical, furniture, footwear and many more.
The industrial adhesive market size was USD 53.02 billion in 2020 and expected to reach USD 74.80 billion by 2027; this converts into a compound annual growth rate (CAGR) of 4.40% for the forecast period.