TAGS: Waterborne Adhesives Reactive Adhesives
Research and Markets (RM) anticipates that the global liquid adhesives market is projected to grow from USD 35.8 billion in 2020 to USD 44.6 billion by 2025, at a CAGR of 4.5 percent, during the forecast period.
The liquid adhesives market depends heavily on the performance of paper, packaging and related products, building and construction, medical, assembly and other industries. Liquid adhesives have low viscosity. The wetting properties of these adhesives enable to hold the substrate so that molecular contact between the substrate and adhesive is activated.
Reactive Adhesives: Fastest Growing Technology
Based on technology, the liquid adhesives market is segmented into water-based, solvent-based, and reactive & others. Based on chemistry, the water-based segment is segmented into acrylic polymer emulsion, vinyl acetate-ethylene emulsion, polyvinyl acetate emulsion, styrene-butadiene latex, polyurethane dispersions, and others. The solvent-based segment is classified into synthetic rubber, polyamide, and others.
The reactive and others segment is segmented into polyurethane, epoxy, cyanoacrylate, methyl methacrylate, anaerobic, and silicone. Reactive liquid adhesive is the fastest growing technology segment in terms of volume and value, due to the increasing demand for high-grade liquid adhesives in the aerospace and automotive industries.
Highest Growth in APAC Region
Based on end-use industry, paper, packaging and related products is estimated to account for the largest share during the forecast period. The growth of this 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. These factors are driving the usage of liquid adhesives in these end-use industries.
The market in APAC is projected to register high growth, and the trend is projected to continue during the forecast period. The growth of the market can be attributed to the growing population and urbanization in the region. The emerging economies, such as India, China, and South Korea, are investing in various industrial developments that are also driving the liquid adhesives market.
Source: Research and Markets