Australia Adhesives Market size is projected to grow at a CAGR of 3.7% during 2024E-2030F

On the basis of type, the acrylic adhesive segment attained the highest revenue share in Australian Adhesives Market – 6Wresearch

By Type, Acrylic Adhesive garnered the maximum revenue share in 2023 attributed to its ability to bond various substrates including metals, plastics, glass, and wood, acrylic adhesives are suitable for diverse applications. Additionally, their resistance to numerous chemicals, oils, and solvents enhances their utility in demanding sectors such as automotive, aerospace, and industrial manufacturing.

According to 6Wresearch, The Australia Adhesives Market size is projected to grow at a CAGR of 3.7% during 2024E-2030F. Australia's construction sector is experiencing significant growth, with thousands of ongoing infrastructure projects worth $647 billion, representing 57% of the country's construction market. With the expanding construction sector, the demand for adhesives is poised to rise, presenting opportunities for manufacturers to provide innovative, sustainable solutions tailored to the industry's evolving needs. With number of apartments under construction phase such as 28% in Sydney, 23% in Melbourne. presenting significant opportunities for manufacturers and suppliers in the adhesives market to cater to the growing demands of the construction industry in these key metropolitan areas.

The surge in raw material costs, driven by global factors including supply chain disruptions and geopolitical tensions, presents challenges for the adhesive market. Additionally, competition from substitute materials like mechanical fasteners and governmental pressures favouring alternatives constrain the expansion of the adhesive market.

According to Shubham Deep, Senior Research Analyst, 6Wresearch, in 2029, Water-Based technology is expected to have a larger market size owing to owing to rising consumer and corporate preference for sustainable and environmentally friendly products, coupled with the safety advantages of water-based adhesives over solvent-based options in terms of reduced toxicity, flammability, and fumes.

The Australia Adhesives Market (2024-2030) report provides an in-depth analysis with 21 figures and 6 tables, covering 70 pages. The report comprehensively covers the market by type and technology. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.