Global Water based Adhesive Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Water based Adhesive Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global water based adhesive market report has been segmented on the basis of resin type, application, and region.
Water based Adhesive Market: Introduction
Water-based adhesive is manufacture either from natural polymers that are derived from vegetable sources, animal, and protein sources or from the soluble synthetic polymers including methylcellulose, carboxymethylcellulose, polyvinylpyrrolidone, and cellulose ethers. Water plays important role as a carrier fluid to control viscosity of the adhesive particles used for different substrates at diverse thicknesses. In addition, recyclable water-based adhesive majorly used by CleanFlake adhesive technology. Adhesive is manufacture to stick to thermoformed package or a polyethylene terephthalate (PET) bottle until its lifecycle while and separate cleanly during recycling procedure. Water-based adhesives are available in pre-mixed solution or dry powder form.
Water borne adhesives are extensively utilized in various end-use industries such as board, packaging, paper, automotive, electronics and electrical, building & construction, transportation, healthcare, and woodworking and joinery. Paper, packaging, and board industry hold major market share. Water-based adhesives offer various properties such as high solid content, good initial adhesion, eco-friendly nature, and low-toxicity, and are highly utilized in the packaging industry for the labeling applications, flexible laminations, packaging tapes, and food and beverage packaging.
Water based Adhesive Market: Dynamics
Increasing adoption for water based adhesive across various application such as tapes and labels and paper and packaging industries is a factor expected to fuel the global water based adhesive market growth. Rising demand of water based adhesive from building and construction and woodworking applications is among factor estimated to drive the global water based adhesive market growth.
Growing awareness for environment friendly adhesives because of numerous regulations posed by government authorities. In addition, increasing investment activities in the building construction sector in emerging economies and rapid growth in automotive and transportation industry expected to offer ample revenue growth opportunities for the players operating in the global market. These are among additional factors expected to drive the global water based adhesive market growth.
However, fluctuating raw material cost is a factor expected to restraint the global water based adhesive market growth.
Water based Adhesive Market: Segment Analysis
Among the resin type segments, the acrylic polymer emulsion segment is expected to register moderate revenue share in the global water based adhesive market. Acrylic polymer is water-based emulsion utilized to produce environmentally friendly adhesives which offer an adequate balance in-between shear, peel, and tack strength of bond. This leads high adoption in wide variety of packaging products and applications such as paper bags, bookbinding, cartons, labels, films, foils, paperboard decals, automobile upholstery, leather binding, and wood assembly. The revenue of the acrylic polymer emulsion segment is projected to register fastest CAGR.
Water based Adhesive Market: Region Analysis
The Asia Pacific market is anticipated to account for major revenue share in the global water based adhesive market. Asia Pacific water based adhesive market is projected to register highest revenue growth, due to rapid growth in the building and construction, woodworking, and automotive industries in countries in this region.
Global Water based Adhesive Market Segmentation:
Segmentation by Resin Type:
- Acrylic Polymer Emulsion (PAE)
- Polyvinyl Acetate (PVA) Emulsion
- Vinyl Acetate Ethylene (VAE) Emulsion
- Styrene Butadiene (SB) Latex
- Polyurethane Dispersion (PUD)
- Others (Vinyl Acetate Acrylates (VAA), polyvinylpyrrolidone, cellulose ethers, methylcellulose, modified silyl, butadiene-acrylonitrile, and dextrin/starch-based adhesives)
Segmentation by Application:
- Tapes and Labels
- Paper and Packaging
- Building and Construction
- Automotive and Transportation
- Others (consumer, leather and footwear, sports and leisure, and assembly)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Henkel AG & Co. KGaA
- B. Fuller Company
- Arkema SA
- Sika AG
- DowDuPont Inc.
- 3M Company
- Illinois Tool Works Inc.
- Ashland Global Holdings Inc.
- Mapei SpA
- Pidilite Industries Limited
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