The liquid adhesives market is projected to grow from USD 35.8 billion in 2020 to USD 44.6 billion by 2025, at a CAGR of 4.5%, 2020 and 2025. Liquid adhesives are adhesives that are in fluid form or state and have low viscosity. The wetting properties of these adhesives enable us to hold the substrate so that molecular contact between the substrate and adhesive is activated. The demand for liquid adhesives is increasing in the paper, packaging & related products, building & construction, medical, assembly, etc. Liquid adhesives form an integral part of many fabricated products. They can be successfully used as a cost-effective means to replace mechanical fastening methods such as welding, brazing, or riveting. Liquid adhesives are used in motor vehicles, aircraft, appliances, electrical & electronic components, houses, bonded wood, furniture, carpets, shoes, medical, and many other applications. These adhesives for bonding non-porous substrates such as plastic, metal, rubber, and glass can create growth opportunities for its market in the coming years.
APAC is an emerging and potential market for liquid adhesives, in terms of both value and volume. The increasing demand from end-use industries is contributing to the demand for liquid adhesives in the APAC region. The market is also driven by increased foreign investments due to cheap labor and accessible raw materials. Government proposals to improve the manufacturing and infrastructure, and to increase cash-intensive non-residential construction activities, coupled with the increase in the manufacturing of end-use products, are other factors driving the liquid adhesives market.
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) and Permabond LLC (UK).
