The global liquid adhesives market is driven by rise in
industrial growth. One of the primary drivers of the liquid
adhesives market is industrial growth. As industries expand, there
is a proportional increase in the demand for bonding materials.
Liquid adhesives find extensive applications across diverse
sectors, including automotive, aerospace, construction,
electronics, packaging, healthcare, and consumer goods. Expansion
of manufacturing activities in these industries drives the
consumption of adhesives for bonding various substrates such as
metals, plastics, composites, and ceramics.
WILMINGTON, Del., May 14, 2024
/PRNewswire/ -- Allied Market Research published a report,
titled, "Liquid Adhesives Market by
Formulation (Water-based, Solvent-based, and Others), Substrate
(Paper, Plastic, Glass, Wood, and Others), and End-User Industry
(Automotive and Transportation, Building and Construction,
Electronics, Packaging, Medical, and Others): Global Opportunity
Analysis and Industry Forecast, 2023-2033". According to the
report, the "Liquid Adhesives Market" was valued at $38.3 billion in 2023, and is estimated to reach
$56.7 billion by 2033, growing at a
CAGR of 4% from 2023 to 2033.
Prime determinants of growth
The global liquid adhesives market is driven by rapid
technological advancements. Technological advancements play a
pivotal role in driving innovation in the liquid adhesives market.
Manufacturers continuously invest in R&D to enhance the
performance characteristics of adhesives, including bonding
strength, flexibility, durability, curing time, and environmental
sustainability.
For instance, the development of hybrid and reactive adhesives
that combine the advantages of different chemistries, such as
cyanoacrylate and epoxy, polyurethane, has led to superior bonding
solutions suitable for diverse applications. Also, advancements in
nanotechnology have enabled the formulation of adhesives with
enhanced properties such as improved adhesion on difficult-to-bond
substrates, resistance to extreme temperatures and chemicals, and
reduced curing times.
Furthermore, the growing emphasis on sustainability and
environmental regulations has spurred the development of
eco-friendly adhesives with low or zero volatile organic compound
(VOC) emissions and reduced environmental impact. Water-based
adhesives, solvent-free formulations, and bio-based alternatives
are gaining traction as environmentally responsible bonding
solutions. However, environmental and health issues associated with
the use of liquid adhesives may restrain the growth of the liquid
adhesives market.
Download Sample Pages of Research Overview:
https://www.alliedmarketresearch.com/request-sample/A323507
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023–2033
|
Base Year
|
2023
|
Market Size in
2023
|
$38.3
billion
|
Market Size in
2033
|
$56.7
billion
|
CAGR
|
4 %
|
No. of Pages in
Report
|
450
|
Segments
covered
|
Formulation, Substrate,
End-user Industry, and Region.
|
Drivers
|
Industrial Growth and
Manufacturing Trends
Technological
Advancements and Product Innovation
Growing consumer
preferences and DIY market
|
Opportunities
|
Emerging Market
Expansion
Collaborative
Partnerships and Alliances
Digitalization and
Industry 4.0
|
Restraints
|
Environmental and
health issues associated with the use of liquid
adhesives.
High costs and price
volatility of raw materials
|
The shaped segment to maintain its lead position during the
forecast period.
By formulation, the water-based segment accounted for the
largest market share in 2023, contributing to nearly
half of the global liquid adhesives market revenue. Water-based
adhesives are considered environmentally friendly as compared to
solvent-based alternatives as they have lower volatile organic
compound (VOC) emissions, reduced toxicity, and a smaller
environmental footprint. Furthermore, rise in environmental
awareness and stringent regulations aimed at reducing air pollution
and promoting sustainable manufacturing practices have led to the
adoption of water-based adhesives across various industries.
The paper segment to maintain its lead position during the
forecast period.
By substrate, the paper segment accounted for the largest share
in 2023, contributing to more than one fifth of the global liquid
adhesives market revenue. Liquid adhesives offer versatility in
bonding various substrates, including paper, cardboard, wood,
fabric, plastics, and metals. Paper, being a common material used
in packaging, printing, crafts, and office supplies, benefits from
the adhesive's ability to bond effectively to its surface.
Furthermore, liquid adhesives are typically easy to apply on paper
surfaces using applicators such as brushes, rollers, or nozzles.
This ease of application enables precise control over the adhesive
application, facilitating clean and efficient bonding.
Procure Complete Report (280 Pages PDF with Insights, Charts,
Tables, and Figures) @
https://www.alliedmarketresearch.com/checkout-final/iquid-adhesives-market
The medical segment to maintain its lead position during the
forecast period.
By end-user industry, the medical segment accounted for the
largest share in 2023, contributing to nearly one-third of the
global liquid adhesives market revenue. Liquid adhesives play a
crucial role in wound closure and surgical procedures, offering
alternatives to traditional sutures, staples, and tapes. Moreover,
surgical adhesives provide rapid and secure wound closure,
minimizing tissue trauma, reducing the risk of infection, and
promoting faster healing. Furthermore, the development of
biocompatible and bioresorbable liquid adhesives tailored for
medical applications has expanded the use of adhesives in surgical
specialties such as orthopedics, cardiovascular surgery,
neurosurgery, and plastic surgery.
Asia-Pacific to
maintain its dominance by 2032.
Region-wise, Asia-Pacific held
the highest market share in terms of revenue in 2023, accounting
for more than two-fifth of the global liquid adhesives market and
is projected to register the highest CAGR of 4.6% during the
forecast period. The Asia-Pacific
region is experiencing robust industrial growth, driven by factors
such as rise in population, expanding middle class, increase in
consumer demand, and favorable government policies. Furthermore,
growing manufacturing sectors, including automotive, electronics,
packaging, construction, textiles, and consumer goods, drive the
demand for liquid adhesives used in assembly, bonding, packaging,
and product finishing applications.
In addition, rapid urbanization and infrastructure development
in countries such as China,
India, Indonesia, Vietnam, and the
Philippines fuel the demand for liquid adhesives in
construction and building materials. Liquid adhesives are used in
various construction applications, including flooring installation,
tile fixing, wall paneling, insulation, waterproofing, and
structural bonding, contributing to the growth of the liquid
adhesive market in the Asia-Pacific region.
Want to Access the Statistical Data and Graphs, Key Players'
Strategies:
https://www.alliedmarketresearch.com/liquid-adhesives-market/purchase-options
Leading Market Players: -
- 3M Company
- Avery Dennison Corporation
- Beardow Adams
- Bostik SA
- DIC Corporation,
- Dow Inc.,
- H.B. Fuller Company,
- Henkel AG & Co. KGaA
- Huntsman Corporation
- Pidilite Industries Ltd
The report provides a detailed analysis of these key players in
the global liquid adhesives market. These players have adopted
different strategies such as new product launches, collaborations,
expansion, joint ventures, agreements, and others to increase their
market share and maintain dominant shares in different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
Similar Reports:
- Liquid Chlorine Market: Global Opportunity Analysis and
Industry Forecast, 2021–2031
- Industrial Adhesives Market: Global Opportunity Analysis and
Industry Forecast, 2020–2027
- Wood Adhesives Market: Global Opportunity Analysis and Industry
Forecast, 2023–2032
- Bioadhesives Market: Global Opportunity Analysis and Industry
Forecast, 2021–2028
- Liquid Hydrogen Market: Global Opportunity Analysis and
Industry Forecast, 2023–2032
About Us
Allied Market Research (AMR) is a full-service market research
and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market
Research provides global enterprises as well as medium and small
businesses with unmatched quality of "Market Research Reports" and
"Business Intelligence Solutions." AMR has a targeted view to
provide business insights and consulting to assist its clients to
make strategic business decisions and achieve sustainable growth in
their respective market domain.
Pawan Kumar, the CEO of Allied
Market Research, is leading the organization toward providing
high-quality data and insights. We are in professional corporate
relations with various companies and this helps us in digging out
market data that helps us generate accurate research data tables
and confirms utmost accuracy in our market forecasting. Each and
every data presented in the reports published by us is extracted
through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement
methodology includes deep online and offline research and
discussion with knowledgeable professionals and analysts in the
industry.
Contact:
David
Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog:
https://blog.alliedmarketresearch.com
Blog: https://www.newsguards.com/
Follow Us on | Facebook | LinkedIn |
YouTube |
Logo:
https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original
content:https://www.prnewswire.com/news-releases/liquid-adhesives-market-to-reach-56-7-billion-globally-by-2033-at-4-cagr-allied-market-research-302144839.html
SOURCE Allied Market Research