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% during the forecast period. The growing demand for liquid adhesives from end-use industries, such as paper, packaging, & related products, building & construction, medical and assembly & others, drives the liquid adhesives market. This demand has encouraged many companies to adopt various developmental strategies in the liquid adhesives industry to increase their presence in the market. The growth strategies, such as merger & acquisition and investment & expansion, were adopted by the players to increase their foothold and maintain sustained growth in the liquid adhesives market.
Liquid Adhesives are mainly used in paper, packaging & related products, building & construction, woodworking, consumer & DIY, automotive & transportation, leather & footwear, medical, assembly, etc. They are extensively used in the paper & packaging industry due to their ease of use and low cost when compared to conventional adhesives. They 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 market in APAC is projected to register high growth, and the trend is projected to continue during the forecast period. The growth of the market can be attributed to the growing population and urbanization in the region. The emerging economies, such as India, China, and South Korea, are investing in various industrial developments that are also driving the liquid adhesives market.
There are various small, medium, and large players operating in the market. Some of the major market players include Henkel AG (Germany), Avery Dennison Corporation (US), H.B. Fuller (US), The 3M Company (US), Arkema (France), and Sika AG (Switzerland).
