Liquid Adhesives Market Analysis

Liquid Adhesives Market Analysis

To get key market trends

  Download Free Sample

Based on formulation, the market is divided into water-based, solvent-based, and others. The water-based segment dominated around USD 26.1 billion revenue in 2023. Water-based adhesives offer significant advantages over solvent-based alternatives, such as lower volatile organic compound (VOC) emissions, reduced toxicity, and improved workplace safety. As environmental regulations become more stringent and consumers increasingly prioritize eco-friendly products, the demand for water-based adhesives continues to rise across various industries, including packaging, construction, automotive, and electronics.

Based on end-use industry, the market is categorized into automotive & transportation, building & construction, electronics, packaging, healthcare & medical, furniture, and others. The building & construction segment accounted for 45.4% of the liquid adhesives market share in 2023. As sustainability becomes a top priority for architects, builders, and consumers, there is a growing demand for adhesives that are environmentally friendly, low in volatile organic compounds (VOCs), and contribute to energy efficiency. Liquid adhesives that meet these criteria, such as water-based formulations or adhesives made from renewable sources, are being favored for various applications in construction, including bonding insulation materials, installing flooring, and assembling prefabricated components.

Based on substrate, the liquid adhesives market is categorized into metal, plastic, glass, wood, and others. The metal segment is poised to witness remarkable growth through 2032.  As manufacturers seek to improve fuel efficiency and reduce emissions, there is increasing demand for lightweight metal components and structures. Liquid adhesives offer advantages over traditional joining methods such as welding or mechanical fastening, including weight savings, reduced distortion, and enhanced design flexibility. Additionally, liquid adhesives can provide superior bonding performance for dissimilar metals, enabling the use of composite materials and multi-material constructions in metal assemblies.

Asia Pacific liquid adhesives market generated a revenue of USD 14 billion in 2023. In the Asia Pacific region, the demand for liquid adhesives is driven by rapid industrialization, growing construction activities, and the expansion of automotive and electronics industries. Countries like China, India, and Japan are witnessing significant infrastructure development, leading to increased demand for adhesives in various applications such as structural bonding, packaging, and transportation. Additionally, the rising trend towards lightweight and energy-efficient products in sectors like automotive and electronics is further boosting the adoption of liquid adhesives for bonding lightweight materials such as composites and plastics.