Liquid adhesives are adhesive materials that are in liquid form, usually consisting of a polymer dissolved or dispersed in a solvent or a monomer. They are used to join two surfaces together by forming a permanent bond. Liquid adhesives are used in many industries, including automotive, electronics, medical, aerospace, and construction. They are often used to make assemblies such as furniture, toys, medical devices, and electronic components. The demand for liquid adhesives is increasing due to their superior bond strength and ability to bond a variety of materials, such as metal, plastic, rubber, and wood. They are particularly useful for applications that require a strong bond, such as water-resistant and vibration-resistant assemblies. In addition, they are often used in applications where the use of mechanical fasteners is not feasible or possible. Liquid adhesives are also increasingly being used in green building applications. The global Liquid Adhesives Market size is projected to grow from USD 35.8 billion in 2020 to USD 44.6 billion by 2025, at a CAGR of 4.5%.
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The water-based technology segment is estimated to account for the largest share of the liquid adhesives market, by technology, during the forecast period.
The water-based technology segment is expected to hold the largest share of the liquid adhesives market during the forecast period. Water-based adhesives are widely used in applications such as paper and paperboard, wood, fabric, and leather. The growing demand for eco-friendly adhesives due to stringent environmental regulations is driving the demand for water-based adhesives. These adhesives are also used in various industries such as automotive, construction, footwear, and others, owing to their superior properties such as high performance, less odor, and low volatile organic compounds (VOC). This is expected to fuel the growth of the water-based technology segment during the forecast period.
The paper, packaging & related products segment is estimated to be the largest end-use industry in the liquid adhesives market during the forecast period.
The growing demand from the paper, packaging & related products segment is driving the growth of the liquid adhesives market. The increasing popularity of liquid adhesives in these industries is attributed to their superior properties such as high-strength bonds, superior adhesion, and excellent flexibility. The ease of application and their ability to bond with a wide range of materials makes them the preferred choice for various applications in the paper, packaging & related products industry. Furthermore, the rising demand for sustainable packaging solutions is driving the growth of the liquid adhesives market. Liquid adhesives offer superior performance and are more cost-effective than other adhesives available in the market. This is encouraging manufacturers to opt for liquid adhesives for various applications in the paper, packaging & related products industry.
The liquid adhesives market in Asia Pacific is expected to register the highest CAGR during the forecast period.
The growing construction and automotive industries, increasing disposable incomes, and rising demand for consumer goods are driving the growth of the liquid adhesives market in the Asia Pacific region. Expansion of the market in the region is attributed to the presence of large multinational companies, numerous small and medium-sized enterprises, and the presence of many raw material suppliers. The growing demand for industrial liquid adhesives from various end-use industries in the region is expected to drive the market for liquid adhesives in the Asia Pacific region. Additionally, government initiatives for infrastructure development and rising investment in the construction industry are expected to drive the demand for liquid adhesives in the region. The growth of the liquid adhesives market in North America is driven by the rising demand from the automotive industry, increasing use of liquid adhesives in packaging and construction applications, rising demand for high-performance liquid adhesives in electronics applications, and increasing use of environmentally friendly liquid adhesives.
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Major players operating in the liquid adhesives market include Henkel AG (Germany), H.B. Fuller (US), Sika AG (Switzerland), Arkema (France), The 3M Company (US), Jowat SE (Germany), RPM International Inc. (US), Avery Dennison Corporation (US), Dymax Corporation (US), Permabond LLC (UK) and others.
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