Liquid Adhesives Market worth $44.6 billion by 2025 | Key players Henkel AG (Germany), H.B. Fuller (US), Sika AG (Switzerland), Arkema (France), The 3M Company (US).

According to recent market research the "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.

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Water-based liquid adhesive is estimated to account for the largest share of the liquid adhesives market during the forecast period. The segment dominated the liquid adhesives market globally owing to its eco-friendly nature and cost-effectiveness. It is useful for most chemistries, such as rubber, vinyl, and acrylic, and is widely used in various applications. Water-based liquid adhesives provide excellent adhesion to different substrates and are used in a wide variety of packaging applications, such as paper bags, cartons, labels, foils, paperboard decals, wood assembly, automobile upholstery, and leather binding.

The paper, packaging & related products segment is expected to lead the liquid adhesives market during the forecast period. The growth of this segment can be attributed to the increased use of 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. Increasing E-commerce has stimulated the growth of this industry.

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The market for liquid adhesives in APAC is projected to register high growth, and the trend is projected to continue during the forecast period. The increasing industrial and infrastructural development in APAC is responsible for its high share. APAC has emerged as the leading consumer and producer of liquid adhesives because of the increasing demand from India, South Korea, China, Indonesia, and others.

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.

Leading global companies are shifting their production facilities, establishing sales offices, and expanding their distribution channel to regions, such as China, India, and Southeast Asia, to ensure sustainable demand and increase their market share. The gradual shift of manufacturing facilities to countries having high demand and lower production cost is positively influencing the market growth.
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).

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Henkel is a key player in the liquid adhesives market. The company is the leading manufacturer of liquid adhesives. It has a diversified product portfolio with several investments in product innovation. Its customers can choose from a wide variety of products. It has a strong network for distributing and manufacturing adhesives with more than 185 production sites to meet the changing demands of the liquid adhesives industry worldwide. The company continuously focuses on its organic & inorganic growth. This will boost the growth of the company and its liquid adhesives business, globally.
In February 2020, Henkel Adhesives Technologies opened its new production facility in Kurkumbh, India. The unit aims to serve the growing demand for high-performance adhesives, sealants, and surface treatment products.

H.B. Fuller is the second most active company in the liquid adhesives market. The company offers broad products in the adhesives & sealants range. It provides its industrial and performance adhesives for applications in assembly, packaging, converting, nonwoven & hygiene, performance wood, flooring, textiles, graphic arts industries. It manufactures liquid adhesives using different technologies and for various applications and holds a leading position in the liquid adhesives market. It focuses on R&D for new product and innovation. It has a presence in diversified geographical markets. The company is continuously focusing on organic and inorganic growth strategies, which are expected to increase its presence and revenue globally.

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