Liquid Adhesives Market to Reach $56.7 billion, Globally, by 2033 at 4% CAGR

Allied Market Research

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.