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Liquid Adhesives Market Size

Report ID: GMI8599
Published Date: Mar 2024
Report Format: PDF

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Liquid Adhesives Market Size

Liquid Adhesives Market size was valued at USD 40.7 billion in 2023 and is anticipated to register a CAGR of 3.3% between 2024 and 2032, due to the growing construction industry worldwide. Liquid adhesives are commonly used in construction for various applications such as bonding building materials, installing flooring, sealing joints, and fixing tiles.

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As urbanization and infrastructure development continue to rise, there is a corresponding increase in the demand for liquid adhesives. Additionally, the trend towards sustainable and eco-friendly construction materials has led to the development of innovative liquid adhesives that are non-toxic and low in volatile organic compounds (VOCs), further driving market growth.

Liquid Adhesives Market Report Attributes
Report Attribute	Details
Base Year:	2023
Liquid Adhesives Market Size in 2023:	USD 40.7 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	3.3%
2032 Value Projection:	USD 54.9 Billion
Historical Data for:	2018 to 2023
No. of Pages:	300
Tables, Charts & Figures:	250
Segments covered:	Formulation, End-Use Industry, Substrate
Growth Drivers:	Increasing adoption of liquid adhesives in construction and building materials. Growth in the automotive and transportation industry. Expansion of the aerospace sector. Rising demand from the packaging industry. Technological advancements leading to improved adhesive formulations.
Pitfalls & Challenges:	Fluctuating raw material prices. Stringent environmental regulations. Competition from alternative bonding methods.

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Fluctuating raw material prices can restrain revenue growth in the liquid adhesives market by increasing production costs for manufacturers. When the prices of key raw materials used in adhesive formulations, such as petrochemicals or specialty chemicals, experience volatility, manufacturers may struggle to maintain profit margins or may need to pass on increased costs to customers, which could potentially reduce demand. Additionally, uncertain raw material prices can make it challenging for companies to plan and budget effectively, leading to supply chain disruptions and inefficiencies.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of liquid adhesives reached USD 40.7 Billion in 2023 and is set to witness 3.3% CAGR between 2024 and 2032, backed by the growing construction sector, alongside the trend towards sustainable and eco-friendly construction materials.

Water-based segment accounted for USD 26.1 billion in 2023, owing to advantages over solvent-based alternatives, such as lower volatile organic compound (VOC) emissions, reduced toxicity, and improved workplace safety.

APAC market size held over USD 14 billion in 2023, driven by rapid industrialization, growing construction activities, and the expansion of automotive and electronics industries in the region.

3M Company, Avery Dennison Corporation, Beardow Adams, Bostik SA, DIC Corporation, Dow Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation, and Jowat SE among others.