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Liquid Adhesives Market Size - By Formulation (Water-based, Solvent-based), By End-Use Industry (Automotive & Transportation, Building & Construction, Electronics, Packaging, Healthcare & Medical, Furniture), By Substrate & Forecast, 2024 – 2032

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

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.

Liquid Adhesives Market

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.

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.

Liquid Adhesives Market Trends

One prominent trend in the liquid adhesives industry is the increasing demand for environmentally friendly and sustainable adhesive solutions. With growing awareness of environmental issues and regulations promoting eco-friendly products, manufacturers are focusing on developing adhesives with lower VOC emissions, non-toxic formulations, and renewable or recyclable materials. This trend reflects a broader shift towards sustainable practices across industries and is driven by consumer preferences for products that minimize environmental impact. As a result, companies in the market are investing in research and development to innovate greener adhesive solutions and capitalize on the growing demand for sustainable alternatives.

Liquid Adhesives Market Analysis

Liquid Adhesives Market Size, By Formulation, 2021 - 2032 (USD Billion)

Based on formulation, the market is divided into water-based, solvent-based, and others. The water-based segment dominated around USD 26.1 billion revenue in 2023. Water-based adhesives offer significant advantages over solvent-based alternatives, such as lower volatile organic compound (VOC) emissions, reduced toxicity, and improved workplace safety. As environmental regulations become more stringent and consumers increasingly prioritize eco-friendly products, the demand for water-based adhesives continues to rise across various industries, including packaging, construction, automotive, and electronics.

Liquid Adhesives Market Revenue Share, By   End-Use Industry, (2023)

Based on end-use industry, the market is categorized into automotive & transportation, building & construction, electronics, packaging, healthcare & medical, furniture, and others. The building & construction segment accounted for 45.4% of the liquid adhesives market share in 2023. As sustainability becomes a top priority for architects, builders, and consumers, there is a growing demand for adhesives that are environmentally friendly, low in volatile organic compounds (VOCs), and contribute to energy efficiency. Liquid adhesives that meet these criteria, such as water-based formulations or adhesives made from renewable sources, are being favored for various applications in construction, including bonding insulation materials, installing flooring, and assembling prefabricated components.

Based on substrate, the liquid adhesives market is categorized into metal, plastic, glass, wood, and others. The metal segment is poised to witness remarkable growth through 2032.  As manufacturers seek to improve fuel efficiency and reduce emissions, there is increasing demand for lightweight metal components and structures. Liquid adhesives offer advantages over traditional joining methods such as welding or mechanical fastening, including weight savings, reduced distortion, and enhanced design flexibility. Additionally, liquid adhesives can provide superior bonding performance for dissimilar metals, enabling the use of composite materials and multi-material constructions in metal assemblies.

APAC Liquid Adhesives Market Revenue, 2021 - 2032 (USD Billion)

Asia Pacific liquid adhesives market generated a revenue of USD 14 billion in 2023. In the Asia Pacific region, the demand for liquid adhesives is driven by rapid industrialization, growing construction activities, and the expansion of automotive and electronics industries. Countries like China, India, and Japan are witnessing significant infrastructure development, leading to increased demand for adhesives in various applications such as structural bonding, packaging, and transportation. Additionally, the rising trend towards lightweight and energy-efficient products in sectors like automotive and electronics is further boosting the adoption of liquid adhesives for bonding lightweight materials such as composites and plastics.

Liquid Adhesives Market Share

Liquid Adhesives Company Market Share, (2023)

The competitive landscape of the liquid adhesives industry, featuring major players such as Henkel AG & Co. KGaA, H.B. Fuller Company, 3M Company, and Bostik SA reflects a moderately concentrated market with notable initiatives driving competition. While these companies contribute significantly to the industry's dynamics, there is still a degree of fragmentation with diverse product offerings and market shares. Competitive approaches among these key players encompass a mix of pricing strategies, distribution network strength, and continuous product innovation. Pricing remains a crucial aspect, with companies strategically positioning their liquid adhesives to attract a broad customer base.

Distribution channels play a vital role, particularly for global players like Henkel AG & Co. KGaA, and H.B. Fuller Company leveraging extensive networks to ensure widespread availability of their products. Major companies have undertaken key initiatives to stay competitive.

Liquid Adhesives Market Companies

Major companies operating in the liquid adhesives industry include:

  • 3M Company
  • Avery Dennison Corporation
  • Beardow Adams
  • Bostik SA
  • DIC Corporation
  • Dow Inc.
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • Huntsman Corporation
  • Jowat SE
  • Mapei S.p.A.
  • Pidilite Industries Ltd.

Liquid Adhesives Industry News

  • In 2021, HB Fuller introduced Swift tak Adhesives to address the increasing need for paper straws in European nations. This innovation enables paper straws to adhere to the standards set by the German Federal Institute for Risk Assessment (BfR) Food-Contact Recommendation BfRXXXVI (Paper and Board for Food Contact Materials), ensuring optimal consumer safety.
  • In 2020, DELO launched liquid pressure-sensitive adhesives. The liquid pressure-sensitive adhesives can be dispensed accurately and once the components have been joined, they can be further processed immediately in a fully automated process. The adhesives are particularly suitable for electronic applications such as smartphone speakers or display frames.

The liquid adhesives market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments:

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Market, By Formulation

  • Water-based
  • Solvent-based
  • Others

Market, By End-Use Industry

  • Automotive & Transportation
  • Building & Construction
  • Electronics
  • Packaging
  • Healthcare & Medical
  • Furniture
  • Others

Market, By Substrate

  • Metal
  • Plastic
  • Glass
  • Wood
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada 
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa


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.

Liquid Adhesives Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 250
  • Countries covered: 21
  • Pages: 300
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