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Water Based Adhesive Market is Expected to Grow at a CAGR of 5.75% by 2030 | ChemAnalyst
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According to ChemAnalyst report, “Water Based Adhesive Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Market Analysis, 2015-2030”, water based adhesive market has shown promising growth in the past five years and is anticipated to achieve a CAGR of 5.75% during the forecast period. Rapid urbanization backed by the increasing demand of packaging industry is expected to drive the demand of water based adhesive for the forecast period. lesser volatile organic compounds (VOC) emissions associated with water based adhesive as compared to other solvent based adhesives is also an influencing factor supporting demand rise during the forecast period. The growing need for green solvents and more environment friendly adhesives is expected to hinder the demand growth during the forecast period.
Explore full report with table of contents: https://www.chemanalyst.com/industry-report/water-based-adhesives-market-546
Water based adhesives are chemical composite materials which contain mixture of polymer, water, and additives. They are used for binding one substrate to the other. They are available as solutions or dry powders which are mixed with water prior to application. The binding process completes when the water component of the adhesive evaporates or is absorbed by one of the substrates. Water based adhesives are of several types including acrylics, polyvinyl acetate emulsion, ethylene vinyl acetate emulsion, polyurethane emulsions, chloroprene rubber latex. Based on their binding properties, water based adhesives find application in various areas such as tapes and labels, paper, packaging, woodworking, building and construction, automotive and transportation etc.
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Water based adhesives are binding materials which have high mechanical strength and apart from mechanical strength they have lesser volatile organic compounds (VOC) emissions associated with them. This paves the way for water based adhesive to find application in almost every area requiring high biding strength and lesser VOC emissions. Therefore, they find application in tapes and labels, paper, packaging, woodworking, building and construction, automotive and transportation etc. Out of the following application areas, packaging holds the major share of the water based adhesive market. building and construction which require high mechanical strength is also another area holding major share of water based adhesive market. Increasing urbanization backed by increasing binding material needs from the above sectors is going to support demand rise for water based adhesive for the forecast period.
Water based adhesive consists of polymer water emulsions, hence its price is directly linked to the fluctuations in the price of polymers such as acrylics, polyvinyl acetate, ethylene vinyl acetate, polyurethane, chloroprene rubber latex. In the first half of FY20 sudden outbreak of novel coronavirus followed by fall in in the demand of construction rendered a major downfall in the water based adhesive demand hence the prices remained low for water based adhesive during the coronavirus pandemic. Demand has picked up in the recent quarters and is projected to grow due to increasing demand from Asia Pacific and North America. Continuous revamping of infrastructure in disaster prone countries like Japan is also expected to be a driver for growth after the pandemic.
Regionally, Asia Pacific dominates the water based adhesive market and holds the largest market share in FY20. Asia’s water based adhesive market is anticipated to grow in the economies like India, China, and Japan due to continuously rising urbanization and high demand for packaging and construction materials backed by the demand for materials having lesser VOC emissions. In South Asia, particularly India, seems to be the key market for water-based adhesive as the country is seen as a major emerging economy with demand for packaging and construction from increasing urbanization. Moreover, increasing focus of the Indian government towards modern infrastructure development through government initiatives like Smart City programme is also an influencing factor increasing the demand of water based adhesive in Asia Pacific and particularly in South Asia.
According to ChemAnalyst report, “Water based adhesive Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, Application, End Use, Distribution Channel, Region, Competition, Trade, Market Analysis, 2015-2030”,
- Dow Corning
- Huber Group
- 3M Company
- Illinois Tool Works
- Franklin International
- Eastman Chemical Company
- B. Fuller Company
- Royal Adhesives and Sealants
“Being linked to the high-performance materials industry, the water based adhesive industry has shown a robust growth alongside growing urbanization and changing consumer preference. China serves as the key growth region with sufficiently installed capacities. India also shows an optimistic trend in demand rise during the forecast period as the government is supporting the modern infrastructure development in its Smart Cities programme. water based adhesive pricing curve shows strong movement in line with the polymers such as acrylics, polyvinyl acetate, ethylene vinyl acetate, polyurethane, chloroprene rubber latex. The increasing need for green solvents and more environment friendly adhesives is expected to hinder the demand growth during the forecast period. With new competitors emerging across the Asian water based adhesive market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
In this report, Water Based Adhesives Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
CAGR of 5.75% from 2021 to 2030
Base year for estimation
2015 – 2019
2022 – 2030
Demand thousand tonnes and CAGR from 2021 to 2030
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Application: (Tapes and Labels, Paper, Packaging, Woodworking, Building and Construction, Automotive and Transportation.)
Type: (Acrylics, Polyvinyl Acetate Emulsion, Ethylene Vinyl Acetate Emulsion, Polyurethane Emulsions, and Chloroprene Rubber Latex.)
Sales Channel: (Direct Company Sale, Direct Import, Distributors & Traders, Retailers)
North America; Europe; Asia Pacific; South America; Middle East & Africa
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
DIC, Evonik, Dow Corning, Huber Group, 3M Company, Illinois Tool Works, Franklin International, Eastman Chemical Company, H.B. Fuller Company, Royal Adhesives and Sealants, Ashland.
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.
The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.
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