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Global Liquid Adhesives Market Size, Trends & Analysis with COVID-19 Impact - Forecasts To 2026 By Technology (Water-Based, Solvent-Based, Reactive & Others), By End-Use Industry (Paper, Packaging & Related Products, Building & Construction, Woodworking, Automotive & Transportation, Consumer & DIY, Medical, Leather & Footwear, Assembly & Others), By Region (North America, Europe, Asia Pacific and Rest of the World); and Company Market Share Analysis & Competitor Analysis
Liquid Adhesives Market: Insights
The global liquid adhesives market will register a significant growth rate between the forecast period. To meet the demanding needs of today's fast-moving production environments, liquid adhesives have been specially formulated and selected. Acrylics that typically contain hydroxyl and amine groups are the most common liquid adhesives, while polymethylmethacrylate (PMMA) can act as a PVF adhesive on its own. Through dissolution into hydrocarbon solvents such as toluene, these adhesives are converted to liquid form. Some of the vital factors that are likely to drive liquid adhesives industry growth are the growing demand from the building & construction companies along with a rising emphasis on healthcare companies. The expanding demand for adhesives that are not dangerous and sustainable is driving the market growth. Moreover, the growing demand for packaged products coupled with the increasing sales of e-commerce products are resulting in industry growth.
Liquid Adhesives Market: By Technology
Based on the analysis of the product, this market can be divided into three segments namely; water-based, reactive & others, and solvent-based. Amongst all the types of technology, water-based will be the fastest-growing segment to hold the biggest market share. The most commonly used formulation technique for the processing of adhesives is water-based. Chemical composites made up of a mixture of water, polymers, and various adhesives are water-based adhesives. Such adhesives are in the form of a liquid or powder solution. They are suitable for substrates that are porous or non-porous. The attributes of water-based adhesives, such as flexibility, durability, and economic efficiency assured a significant share of this segment. Such approaches are some of the main reasons anticipated to push growth in the sector over the expected timeframe. Liquid adhesives based on the water have exceptional adhesion to multiple substrates and can be used in a wide range of packaging applications, such as paper bags, stickers, and cardboard boxes, among others.
Liquid Adhesives Market: By End-Use Industry
Based on the analysis of the end-use industry, the market is broken into medical, building & construction, paper, packaging & related products, consumer & DIY, woodworking, automotive & transportation, leather & footwear, and assembly & others. The medical industry is the rising segment and expected to grow at a strong growth rate over the expected timeframe. This is due to the increased demand for respiratory assistance devices, masks, gloves, applications for personal protective equipment, and other items. The market for adhesives and methods, such as adhesive dispensing systems, is increasing considerably is expected to influence market growth.
Liquid Adhesives Market: By Region
Based on the geographic region, NA, APAC, CSA, MEA and Europe are the market divisions. The overall revenue generator in the sector is the Asia-Pacific region over the projected timeframe. The rising population coupled with the infrastructure development in this area is leading to a higher market share. The growth can be attributed to the availability of government and foreign development funds, the existence of an innovative technological system to promote the accelerated diagnosis of chronic diseases, and the region's high expenditure on healthcare. Furthermore, the European region is predicted to be the second-fastest-growing region to hold the biggest market share over the anticipated timeline. The growing presence of packaging in the food & beverage industry coupled with the increasing investment in automotive and aerospace is projected to fuel business growth.
Liquid Adhesives Market Share & Competitor Analysis
The leading key players operating in this market are 3m Company, RPM International Inc., Avery Dennison Corporation, Arkema (Bostik Sa), Lord Corporation, Pidilite Industries, H.B. Fuller, Threebond International, Inc., Soudalmaster Bond Inc., Henkel AG, Jowat SE, Ld Davis, Franklin International, Sika AG, Paramelt B.V., Tailored Chemical Products, Inc., Dymax Corporation, Sealock Adhesives, Permabond Llc., IFS Industries, Inc., Capital Adhesives, Evan Adhesive Corporation, The Reynolds Company, and Specialty Adhesives And Coatings, Inc, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In February 2020, Henkel Adhesives Technologies established two new production facility in Kurkumbh, India. The unit intends to satisfy the rising need for high-performance adhesives, sealants, and materials for surface treatment.
Related Report: Global Reactive Hot Metal Adhesives Market Size, Trends & Analysis - Forecasts to 2026
Check the Press Release on Global Liquid Adhesives Market Report
Liquid Adhesives Market: By Technology
Liquid Adhesives Market: By End-Use Industry
Liquid Adhesives Market: By Region
The Global Liquid Adhesives Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Liquid Adhesives Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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