Appliance Adhesive Market Sustainability: The Shift Towards Eco-Friendly Solutions

 

The global appliance adhesive market is projected to experience substantial growth in the coming years, driven by a confluence of factors. In 2023, the market was valued at USD 6.93 billion, and it is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 9.1% from 2024 to 2030.

 

Several key trends are fueling this growth. Firstly, consumer preferences are shifting towards appliances that are not only durable and long-lasting but also energy-efficient. This preference is driving the demand for high-performance adhesives that can withstand the rigors of daily use while minimizing energy consumption. Secondly, the increasing emphasis on sustainability and environmental concerns is prompting the development of eco-friendly and sustainable adhesives. These adhesives are formulated to reduce their environmental impact throughout their lifecycle, from manufacturing to disposal. Thirdly, advancements in adhesive technology are playing a crucial role in driving market growth. Innovative formulations and customized solutions are being developed to meet the specific needs of various appliance applications. These advancements are enabling the production of more reliable and efficient appliances. 

 

Gather more insights about the market drivers, restrains and growth of the Appliance Adhesive Market

 

The expanding construction and renovation market, both residential and commercial, is another significant driver for the appliance adhesive market. As more people invest in home improvement and new construction projects, the demand for adhesives used in appliance installation and repair is increasing.

 

To cater to the evolving needs of different industries, manufacturers are focusing on developing adhesives tailored to specific applications. The automotive sector, in particular, is a major driver for the demand for electronics adhesives. These adhesives are used in a wide range of applications, including LED packaging, power electronics modules, anti-theft systems, engine status displays, and collision avoidance systems.

 

Application Segmentation Insights

 

Based on application, the market is segmented into washing machines, refrigerators, air conditioners, cooking ranges, cooktops, vacuum cleaners, dishwashers, microwaves, and 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.

• Bond polyurethane foam insulation to the interior walls of the refrigerator cabinet, ensuring effective insulation and preventing heat transfer.

 

Adhesives are essential for constructing, assembling, and performing air conditioners. They provide structural integrity, insulation, sealing, and vibration damping, ensuring these appliances function efficiently and effectively. They are also used to:

 

• Bond the various components of the washing machine cabinet, such as the top, bottom, sides, and door.

• Attach internal components, like the drum, motor, and tub, to the cabinet.

• Attach shelves, drawers, and other accessories to the washing machine interior. 

 

Order a free sample PDF of the Appliance Adhesive Market Intelligence Study, published by Grand View Research.