Water-Based Adhesive Market Report 2023 Segmentation and Regional Analysis by 2030
Water-Based Adhesive Market Report Analysis
The wWater-Based Adhesive Market Report is projected to be worth USD 29.5 billion by 2027, registering a CAGR of 6.51% during the forecast period (2022 - 2027).
Water-based adhesives, simply put, are formulated from synthetic or natural polymers. They are available in two forms- jelly/dry format where end users can add water for controlling the adhesive’s viscosity or pre-mixed. Owing to its quick setting time and flexibility, these adhesives find wide application in woodworking, automotive, building and construction, paper and packaging, among others. Besides, water-based adhesive is also used in consumer & assembly applications, labelling of soft drinks, bookbinding, stamps production, and making envelopes.
Numerous factors are adding to the global water-based adhesive market growth. These factors, according to the recent MRFR report, include shifting preference towards sustainable and green adhesives, regulations to use low VOC adhesives for addressing environmental challenges, expanding packaging industry for the growing demand for e-commerce, huge expenditure in emerging economies, and growing demand for these adhesives in labels and tapes.
On the contrary, these adhesives are perishable, thus lack of extended storage may hamper the global water-based adhesive market growth over the forecast period.
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Key Players
Eminent players profiled in the global water-based adhesive market report include PPG Industries, Inc. (US), Akzo Nobel N.V. (Netherlands), Ashland Inc. (US), DIC Corporation (Japan), 3M (US), DowDupont (US), H.B. Fuller Company (US), Sika AG (Switzerland), Arkema (France), KGaA (Germany), and Henkel AG & Company. Key industry players have incorporated several strategies such as extensive R&D, strategic alliances, new product launch, mergers and acquisitions, and collaborations to stay head and shoulders above others in the competition and also cater to the consumers growing needs.
Market Segmentation
The Market Research Future report provides an all-inclusive segmental analysis of the global water-based adhesive market based on application and resin type.
By resin type, the global water-based adhesive market is segmented into vinyl acetate acrylates (VAA), polyurethane dispersion (PUD), styrene butadiene latex, vinyl acetate-ethylene emulsion (VAE), acrylic polymer emulsion (PAE), polyvinyl acetate emulsion (PVA), and others. Of these, the acrylic polymer emulsion segment will lead the market during the forecast period.
By application, the global water-based adhesive market is segmented into woodworking, automotive, building and construction, tapes and labels, paper and packaging, and others. Of these, the paper and packaging segment will dominate the market during the forecast period for the growing demand for lightweight packaging materials in food and beverages, pharmaceuticals, and FMCG.
Regional Analysis
By region, the global water-based adhesive market covers the recent trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America. Of these, the APAC region will spearhead the market during the forecast period. Factors adding to the water-based adhesive market Market Statistics in the region include an increase in automotive production and growing infrastructure activities. Emerging economies such as South Korea, Indonesia, India, and China are largely contributing to the market growth. Besides, increasing disposable income, rising demand for paper packaging materials, and the growing e-commerce industry is also adding to the market growth.
The global water-based adhesive market in Europe and North America will have slow growth during the forecast period for declining sales of print media, but the growing electronic industry is predicted to boost the market growth.
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