Back glue market is anticipated to grow at a considerable CAGR during the forecast period. The increasing demand for adhesive products in various end-use industries such as construction, packaging, and automotive, among others is driving the growth of the back glue market during the forecast period. Back glue is a solvent-free and VOC-free product, making it an attractive option for customers looking for environmentally friendly adhesive solutions. The advancements in adhesive manufacturing technology have led to the development of high-performance adhesives that are capable of providing strong bonds in challenging environments. This has led to an increase in demand for back glue in various industries. Thus, the increasing demand for environmentally friendly adhesives is driving the growth of the back glue market. Additionally, the global back adhesive market is witnessing significant growth due to the increasing demand from end-use industries such as automotive, construction, and packaging. The growing popularity of 3D printing is also propelling the growth of the global back adhesive market as this technology requires adhesives for bonding and assembling various parts.

Automotive manufacturers are increasingly focusing on developing lightweight vehicles to improve fuel efficiency and reduce emissions. This is increasing the demand for back adhesives in the automotive industry. Back adhesive manufacturers are investing heavily in R&D to develop new and innovative products that can meet the ever-changing needs of consumers. This is helping to propel the growth of the global back adhesive market.

Segmental Outlook 

The global back glue market is segmented into type and application. Based on the type, the market is segmented into 1 component paste BG, 1 component liquid BG, and 2 component BG. Based on application, the market is further bifurcated into industrial and retail. Among types, the 1 component liquid black glue is expected to hold a considerable share of the market during the forecast period. 1 component liquid black glue offers high performance along with ease in use. 1 component liquid black glue offers adhesion properties on almost all surfaces including textiles, plastics & polymers, and metals & aluminum on itself. Thus, the benefits associated with 1 component liquid black glue are expected to drive market growth.

The Retail Segment is expected to hold a Significant Share of the Global Black Glue Market 

Among the application segment, the retail segment is expected to hold a significant share of the global black glue market during the forecast period. The factors such as rising demand for back adhesives from end-users including construction and automotive, and enhancement in product portfolio by market players to gain a competitive edge over their rivals are expected to accelerate the growth of the market across the globe. For instance, in November 2019, Bostik announced a new range of innovative engineering adhesives designed for ‘by-the-dot’ bonding applications in selected industries, such as automotive, electronics, luxury packaging, medical devices, and MRO. The first wave of products launched under the Born2Bond™ sub-brand will focus on MECA-based instant engineering adhesives, driven by the recent acquisitions of Nitta Gelatin - specialists in UV system technology, and Afinitica - specialists in cyanoacrylate instant adhesive technology.

Regional Outlooks

The global back glue market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).  The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia-Pacific region is expected to hold a considerable share of the market over the forecast period owing to the increasing construction activities and growing consumer disposable income levels across the region. 

Global Back Glue Market Growth, by Region 2023-2030

The North American Region is expected to Hold a Prominent Share of the Global Back Glue Market

Among all regions, the North American region is expected to hold a prominent share of the black glue market during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market. The strategic initiatives taken by market players in the region for enhancing product portfolio and expanding global reach are further expected to propel the growth of the market during the forecast period. For instance, in December 2018, Meridian Adhesives Group announced the acquisition of Evans Adhesive Corp., a manufacturer of industrial adhesives. In May 2018, Meridian completed the acquisitions of Epoxy Technology and Adhesives Technology Corporation where Meridian's portfolio includes high-performance specialty epoxy, polyurethane, and hybrid adhesives for the electronics, medical, construction, and infrastructure markets.  Evans Adhesive represents Meridian's fourth acquisition in 2018.

Market Players Outlook

The major companies serving the global Back glue market include Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Bostik, Inc., Henkel AG & Co. KGaA, Mapei, S.P.A., Nippon Paint Holding Co., Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2021, Nexa3D and Henkel announced an expansion of their partnership with Henkel to immediately deliver three new performance photopolymer materials through its expanding Nexa3D channels globally. Nexa3D’s further collaboration with Henkel leveraged its combined capabilities to fast-track additive manufacturing toward mass production of functional parts across multiple industries, leveraging the productivity advantages of its ultrafast NXE 400 3D printer.

The Report Covers

• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global back glue market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.