Water-based adhesives market research report covers industry size, share, growth prospects across food & beverage, cosmetics, pharmaceuticals, metal finishing industries 2023

Market Research Future Published a Cooked Research Report on Water-based adhesives Market Research Report- Forecast to 2023

Water-based adhesives Market Introduction

The global water-based adhesives market is studied extensively in the latest research report from Market Research Future (MRFR). The global water-based adhesives market is given thorough attention from the report’s authors, who have performed detailed analysis on the market’s historical figures in order to obtain relevant and reliable forecasts regarding the growth prospects of various components of the water-based adhesives market in the coming years. Major drivers and restraints affecting the global water-based adhesives market are also studied in the report, giving readers a clear idea of the economic environment of the market. Leading players in the market are also profiled in the report.

Water-based adhesives have come to the fore in the global adhesives industry due to their environment-friendly composition, which has enabled a growing demand from the water-based adhesives market in various industries. Water-based adhesives are contrasted with solvent-based adhesives, which were based on synthetic chemicals that did not facilitate biodegradation when the adhesives were dumped. Instead, water-based adhesives are biodegradable and thus do not present an ecological threat to their site of dumping. Water-based adhesives can contain either natural or synthetic polymers that are soluble in water. The ecological viability of water-based adhesives, in contrast to solvent-based adhesives, is the major driver for the global water-based adhesives market.

The growing demand for environmentally viable adhesives from the packaging and construction industries is likely to be the major driver for the global water-based adhesives market over the forecast period. The packaging industry has grown at a rapid growth rate in recent years due to the growing demand from the ecommerce sector. The packaging industry has thus become crucial in the global economic pyramid, with ecommerce agencies relying on high-quality packaging products to deliver products safely to consumers. The growing volume of the ecommerce sector is likely to drive up the demand for environmentally viable packaging materials in the coming years, thus driving the global water-based adhesive market.

Water-based adhesives Market Key Players

Leading players in the global water-based adhesives market include PPG Industries Inc., AkzoNobel NV, Ashland Inc., DIC Corporation, 3M, DowDuPont, H. B. Fuller Company, Sika AG, Arkema, and Henkel.

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Major players in the global water-based adhesives market are likely to focus on product development in the coming years, as developing a wide array of water-based adhesive products for use in various industries is likely to remain an important tactic for leading players in the market.

Water-based adhesives Market Segments

According to MRFR analysis, the global water-based adhesives market has been segmented by resin type, application, and region.

On the basis of resin type, the market has been segmented into polyvinyl acetate emulsion (PVA), acrylic polymer emulsion (PAE), vinyl acetate ethylene emulsion (VAE), styrene butadiene latex, polyurethane dispersion (PUD), vinyl acetate acrylates (VAA) and others. Acrylic polymer emuslion segment accounted for the largest market share in the global water-based adhesives market in 2019.

These adhesives are heterogenous mixture consisting of dispersed liquid in aqueous phase and provides balance between shear, stack and peel of the bond. It is widely used in packaging materials like paper bags, tapes, labels, automotive upholstery and leather binding. Growing demand for packaging application due to increase in trading activities is expected to propel demand for acrylic polymer emulsion, which in turn, driving the demand for water-based adhesives market.

Moreover, increasing in number of educational centers and institutions in emerging economies has contributed to rise in bookbinding, carton, labels and paperboard decals are expected to offer a bolstering opportunity for the manufacturers of water-based adhesives.

Based on applications, the market has been segmented into paper & packaging, tapes & labels, building & construction, automotive, woodworking and others.Paper & packaging segment accounted for the largest market share in the global market owing to the increasing demand for lightweight packaging materials in industries like FMCG, pharmaceuticals, and food & beverages. Increasing in disposable income and high demand for consumer goods are expected to drive the market growth.

Browse Key Industry Insights spread across 140 pages with 35 market data tables & 15 figures & charts from the report,Water-Based Adhesive Market: Information by Resin Type (PVA Emulsion, PAE, VAE Emulsion, SB latex, PUD, VAA), Application (Tapes & Labels, Paper & Packaging, Woodworking, Building & Construction, Automotive), and Region (Asia-Pacific, North America, Europe, and Others)—Forecast till 2023 in detail along with the table of contents https://www.marketresearchfuture.com/reports/water-based-adhesive-market-6987

Water-based adhesives Market Regions

Asia-Pacific accounted for the majority of the market share in 2017 due to the high demand for water-based adhesives in major end-use industries such as automotive and construction due to the increasing population coupled with the high demand for construction and renovation of houses. Developing economies such as China and India are the major contributors to the regional market due to the growing construction activities and high disposable income levels.

According to Invest India, the construction market in India is expected to become the third-largest worldwide and is projected to grow at a CAGR of 5.6% from 2016 to 2020. Moreover, stringent government rules regarding the low VOC content and fuel-efficient vehicles is driving the demand for these adhesives. For instance, Chinese government has implemented Environmental Protection Law for protecting and improving environment, preventing and controlling pollution which will further prove advantageous to the market growth. Additionally, the Environment Protection Agency (EPA) works with countries such as Australia, Singapore, Japan, and Taiwan in Asia Pacific for protecting global environment and health. The growth of the automotive industry in Japan, China, and India is another factor propelling market growth.

North America and Europe are expected to witness sluggish growth owing to the matured automotive and packaging industry coupled with the declining sales of print media and the increasing digitalization.

The market in Latin American region is primarily driven owing to the high production and sales of automobiles in countries such as Brazil, Mexico, and Argentina.

The Middle East & Africa is anticipated to showcase a significant demand due to the high infrastructural activities in countries such as Saudi Arabia, the UAE, and others.

Intended Audiences:

Water-Based Adhesive manufacturers
Traders and distributors of Water-Based Adhesive
Adhesives & Sealant Producers
Potential investors
Raw material suppliers
Research laboratories