Soy-based Adhesives Market

By Type;

Normal Soy-Based Adhesive and Water-resistant Soy-Based Adhesive

By Adhesive Substrate;

Solid Wood, Oriented Strand Board (OSB), Plywood, Particle Board (PB), Medium-density Fibreboard (MDF), High-Density Fibreboard (HDF), and Others

By Application;

Manufacture of Hardwood Plywood and Enzyme Treatment

By End-User;

Flooring, Furniture, Doors Windows, Housing Components, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn142771308 Published Date: August, 2025 Updated Date: September, 2025

Soy-based Adhesive Market Overview

Soy-based Adhesive Market (USD Million)

Soy-based Adhesive Market was valued at USD 5,840.79 million in the year 2024. The size of this market is expected to increase to USD 8,273.52 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.


Soy-based Adhesives Market

*Market size in USD million

CAGR 5.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.1 %
Market Size (2024)USD 5,840.79 Million
Market Size (2031)USD 8,273.52 Million
Market ConcentrationMedium
Report Pages320
5,840.79
2024
8,273.52
2031

Major Players

  • Henkel AG & Co. KGaA
  • AkzoNobel N.V.
  • 3M Company
  • Franklin Adhesives & Polymers
  • H.B. Fuller
  • Ashland Inc.
  • Sika AG
  • Bostik S.A.
  • Pidilite Industries Ltd.
  • Jubilant Industries Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Soy-based Adhesives Market

Fragmented - Highly competitive market without dominant players


The Soy-based Adhesives Market is gaining strong momentum as industries shift toward bio-based and eco-friendly solutions. Demand has risen by nearly 30% in recent years as manufacturers look to reduce dependency on petrochemical adhesives. These adhesives not only lower carbon emissions but also enhance sustainability across multiple industries.

Key Drivers Accelerating Growth
The rising emphasis on green building certifications and sustainable manufacturing significantly fuels adoption. Over 40% of construction and furniture manufacturers are integrating soy-based adhesives to meet consumer demand for eco-conscious products. Their cost-effectiveness and compatibility with renewable resources add to their attractiveness.

Advancements Strengthening Market Adoption
Continuous innovations, such as water-resistant formulations and low-VOC adhesives, have expanded the scope of applications. Approximately 50% of new soy adhesive products are enhanced with advanced chemical modifications, improving bonding strength and durability. These developments position soy adhesives as a reliable alternative to synthetic options.

Growth Prospects and Industry Outlook
The market is witnessing expansion, with about 60% of end-use industries planning to increase adoption of bio-based adhesives. Strategic collaborations between research institutes and manufacturers are opening opportunities for customized solutions, particularly in packaging, construction, and automotive sectors.

Future Outlook
The Soy-based Adhesives Market is set to benefit from continued technological advancements and growing environmental awareness. With strong support from government policies promoting sustainable materials, soy-based adhesives are expected to penetrate deeper into diverse industrial ecosystems, ensuring long-term growth opportunities.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Adhesive Substrate
    3. Market Snapshot, By Application
    4. Market Snapshot, By End-User
    5. Market Snapshot, By Region
  4. Soy-based Adhesive Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing environmental awareness
        2. Rise in green building initiatives
        3. Adoption in packaging and automotive sectors
        4. Shelf life and storage requirements
      2. Restraints
        1. Limited availability of high-quality options
        2. Performance challenges in extreme temperatures
        3. Perception of weaker bonds in some uses
      3. Opportunities
        1. Partnerships for distribution and market reach
        2. Customized solutions for specific industries
        3. Nanotechnology for enhanced properties
        4. Integration in composite materials
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Soy-based Adhesive Market, By Type, 2021 - 2031 (USD Million)
      1. Normal Soy-Based Adhesive
      2. Water-Resistant Soy-Based Adhesive
    2. Soy-based Adhesive Market, By Adhesive Substrate, 2021 - 2031 (USD Million)
      1. Solid Wood
      2. Oriented Strand Board (OSB)
      3. Plywood
      4. Particle Board (PB)
      5. Medium-Density Fibreboard (MDF)
      6. High-Density Fibreboard (HDF)
      7. Others
    3. Soy-based Adhesive Market, By Application, 2021 - 2031 (USD Million)
      1. Manufacture of Hardwood Plywood
      2. Enzyme Treatment
    4. Soy-based Adhesive Market, By End-User, 2021 - 2031 (USD Million)
      1. Flooring

      2. Furniture

      3. Doors Windows

      4. Housing Components

      5. Others

    5. Soy-based Adhesive Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Henkel AG & Co. KGaA
      2. AkzoNobel N.V.
      3. 3M Company
      4. Franklin Adhesives & Polymers
      5. H.B. Fuller
      6. Ashland Inc.
      7. Sika AG
      8. Bostik S.A.
      9. Pidilite Industries Ltd.
      10. Jubilant Industries Ltd.
  7. Analyst Views
  8. Future Outlook of the Market