Global Water-based Adhesive Market Overview
The compound rate of the water-based adhesive market estimated at USD 15.3 billion in 2018 and may reach 20.2 billion by 2030 at a 5.7% CAGR rate in the forecast period.
The Water-based adhesive market, also known as the water-borne adhesive market, comprises natural polymers or synthetic. They are either made from man-made materials or naturally. Water-based adhesives are useful in various significant techniques, for instance, thermal bonding, mechanical fastening, and sewing. Glues, sticky tac, and adhesive tapes also label soft drinks, stamp production, consumer and assembly applications, making envelopes, and bookbinding.
These adhesives are the developing mixtures of water, chemical compounds, polymer, and other water-borne additives and are available in liquid and powder form. These are often useful to affix various substrates in applications such as automotive and transportation, tapes and labels, building and construction, paper and packaging, woodworking, etc. The water-borne adhesives are wet bonding, which means at least one element must be water permeable. It enable the water to escape from the bond line. Because of the quick setting time and flexibility, major characteristics of water-borne adhesives are made from automotive and woodworking, building and construction, and paper and packaging.
Various technological advancements have increased the demand in the water-based adhesive market. The demand for powerful bonds will remain strong for an extended period until they expose to excess moisture. As these adhesives play a vital role in fixing the packages and woodwork, the market witnessed an upsurge in demand.
Although the current pandemic, i.e., CoViD-19, hit the globe, many industries, including the water-based adhesive market, faced huge losses. The lockdown restrictions declined the supply of adhesives and the functioning of the production unit. The demand for water-based adhesives was continuously increasing. Still, the water-borne adhesive market harmed its overall growth because of the global restrictions on transport. In the post-lockdown period, the market will soon witness significant size, share, and structure growth.
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Water-Based Adhesive Market: Prominent Players
Henkel,Sika,Bostik,RPM international,KCC,B .Fuller,3M,Illinois tool works,Avery Dennison,Huntsman international,DowDuPont,Ashland,MAPEI,Akzo Nobel,Permabond,Dymax,LORD,Delo Industrie Klebstoffe,Franklin international.
These are some of the key players in the Water-Based Adhesive Market. they are ruling the market in recent times by using their different strategies.
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Market Segmentation
The market segmentation of the water-based adhesive market classifies based on its resin type, form, application type, and distribution channel.
The resin type includes methylcellulose, acrylic polymer emulsion, modified silyl, casein, vinyl acetate acrylates, acetate-ethylene emulsion, starch-based adhesives, etc.
Application types include paper and packaging, tapes and labels, consumer and DIY, sports and leisure, assembly, building and construction, woodworking, leather, and footwear.
The form includes hot melt adhesives, solvent-based adhesives, reactive adhesives, and water-based adhesives. Distribution channels of water-based adhesives are retail sales, institutional or direct sales, and others.
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Detailed Regional Analysis
The global water-based adhesives market is geographically segmented into five regions of North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). Asia Pacific captured the largest share in the global water-based adhesives market over the forecast period. This can be owed to the burgeoning infrastructural developments and ascension in the automotive sector. Developing countries like India and China are contributing heavily to the growth of the regional water-based adhesives market over the forecast period. With a rise in the demand for paper packaging materials, coupled with increasing disposable income, are anticipated to push growth in the regional water-based adhesives market. In addition, significant growth observed in the e-commerce industry in the region is likely to lead to higher demand for tapes and labels, hence driving the water-based adhesives market.
North America and Europe are assessed to exhibit sluggish growth owing to the matured automotive industry and packaging industry. The Middle East & Africa is expected to pose as a potential growth pocket for water-soluble adhesives owing to the massive investment in the building & construction industry.
Industry Update
Sustainable adhesives for consumers may offer lucrative opportunities for the water–based adhesive market to grow significantly. The majority of the companies are forming successful partnerships to expand their operations, which may profit the market in the forecast period.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End User
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
5 Market Dynamics Of Global Water-Based Adhesives Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
5.6 Trends/Technology
6. Global Water-Based Adhesives Market, By Resin Type
6.1 Introduction
6.2 Polyvinyl Acetate Emulsion (PVA)
6.2.1 Market Estimates & Forecast, 2019−2027
6.2.2 Market Estimates & Forecast, By Region, 2019−2027
6.3 Acrylic Polymer Emulsion (PAE)
6.3.1 Market Estimates & Forecast, 2019−2027
6.3.2 Market Estimates & Forecast, By Region, 2019−2027
6.4 Vinyl Acetate Ethylene Emulsion (VAE)
6.4.1 Market Estimates & Forecast, 2019−2027
6.4.2 Market Estimates & Forecast, By Region, 2019−2027
6.5 Styrene Butadiene Latex
6.5.1 Market Estimates & Forecast, 2019−2027
6.5.2 Market Estimates & Forecast, By Region, 2019−2027
6.6 Vinyl Acetate Acrylates (VAA)
6.6.1 Market Estimates & Forecast, 2019−2027
6.6.2 Market Estimates & Forecast, By Region, 2019−2027
6.7 Polyurethane Dispersion (PUD)
6.7.1 Market Estimates & Forecast, 2019−2027
6.7.2 Market Estimates & Forecast, By Region, 2019−2027
6.8 Others
6.8.1 Market Estimates & Forecast, 2019−2027
6.8.2 Market Estimates & Forecast, By Region, 2019−2027
Continue…
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