Liquid Adhesives Market Scope
Liquid Adhesives are chemicals that are used to attach or hold together objects between which the adhesive is applied. Liquid adhesives can be classified according to their load-carrying capacities, and chemical compositions, with each varying in terms of adhesiveness.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | The 3M Company (United States), Henkel AG (Germany), H.B. Fuller (United States), Dymax Corporation (United States), Permabond LLC (United Kingdom), Jowat SE (Germany), Sika AG (Switzerland), RPM International Inc. (United States), BASF SE (Germany) and Huntsman Corporation (United States) |
CAGR | 4.5% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Liquid Adhesives market throughout the predicted period.
The 3M Company (United States), Henkel AG (Germany), H.B. Fuller (United States), Dymax Corporation (United States), Permabond LLC (United Kingdom), Jowat SE (Germany), Sika AG (Switzerland), RPM International Inc. (United States), BASF SE (Germany) and Huntsman Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Arkema S.A. (United States), Delo (Germany) and Pidilite Industries Ltd. (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Liquid Adhesives market by Type , by Application (Aerospace, Automotive, Textile, Packaging, Medical and Others) and Region with country level break-up.
On the basis of geography, the market of Liquid Adhesives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In 2020, Pidilite Industries Ltd. which is a giant name in Asia in adhesives manufacturing completed the acquisition of Huntsman Corporation’s India unit, which makes Araldite adhesives. and In 2020, Arkema announced the acquisition of Fixatti, who are industry innovators in high-performance thermal bonding adhesive powders.
In February 2020- Henkel Adhesives Technologies has opened a new production facility in Kurkumbh, India. These devices aim to meet the growing demand for high-performance adhesives, sealants and surface treatment products.
Influencing Trend:
Rising Demand for Environment Friendly and Products which Enhance Sustainability
Market Growth Drivers:
Recent Increase in Medical Expenditure by Governments Around the World as well as an Increase in Demand for Medical Equipment will Also Drive the Demand for Liquid Adhesives which have Broad Applications in Medical Industry.
Challenges:
Adhesives can Lose their Property or Weaken in Strength in Different Environmental Surroundings, thus Innovation will be Key to Resolve this Challenge
Restraints:
Rising Stringent Regulations in EU and North America in Regards to Chemicals and Petro Chemicals Derived Products due to Growing Focus on Sustainability and Climate Change and The Production of Cost of Adhesives Largely Depend Upon the Components Especially Petroleum
Opportunities:
Innovation and Increased Research and Development in Organic Component-Based Adhesives, would Make Regulatory Framework Less Burden Full for the Adhesive Manufacturers and Water-Based Adhesives are Growing in Demand due to Less VOC Property
Key Target Audience
Liquid Adhesives manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Venture Capitalists and Private Equity Firms, Governmental regulatory Bodies, New Entrants/Investors and End-User Industries