The report "Liquid Adhesives Market by Technology (Water-based, Solvent-based, Reactive& Others), End-Use Industry (Paper, Packaging & Related Products, Building & Construction, Medical, Assembly & Others), Region - Global Forecast to 2025", 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%. There has been wide acceptance of liquid adhesives in various end-use industries such as paper, packaging & related products, building & construction, medical and assembly & others, which is expected to drive the market. The growth of the liquid adhesives market in the paper, packaging & related products segment can be attributed to the increased use of liquid adhesives in a wide variety of paper bonding applications ranging from corrugated box construction and the lamination of printed sheets to packaging materials used in all types of consumer products and the production of large industrial tubes and cores.
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.
