Water-Based Adhesive Market Forecast | Types, Region and Competition Analysis wi
Posted by Rishab Gupta on February 10th, 2020
Water-based adhesives also known as waterborne adhesives content carrier fluid and additives to reduce its viscosity to be applied at different thickness. These adhesives are formulated using either natural polymers or soluble synthetic polymers.
Water-based adhesives are gaining high importance in the market owing to environmentally friendly and economical alternative to solvent-borne adhesives. They are wet bonding, therefore at least one substrate has to be water permeable to allow water to escape from the bond line. Owing to its flexibility and quick setting time, major customers of water-based adhesives are the paper & packaging, building & construction, automotive and woodworking among others.
Some of the key players in the global water-based adhesive are Henkel AG & Company, KGaA (Germany), Arkema (France), Sika AG (Switzerland), H.B. Fuller Company (US), DowDupont (US), 3M (US), DIC Corporation (Japan), Ashland Inc. (US), Akzo Nobel N.V. (Netherlands), and PPG Industries, Inc. (US) among others.
According to MRFR analysis, the Water-Based Adhesives Market Forecast 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 2017.
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. Tapes & labels are expected to witnessed moderate growth rate during the forecast period. Tapes & labels are prominently used in packaging of electronic devices, medical equipment’s, drug delivery system and industrial goods. Thus, increase in demand for flexible packaging is likely to offer numerous opportunities for end use customers in the global water-based adhesive market.
Asia-Pacific accounted for largest market share owing to growing infrastructure activities and rise in automotive production in emerging countries such as India, Malaysia, Thailand, and Indonesia. Increasing demand for paper packaging materials along with increasing disposable income are expected to drive the demand for water-based adhesives over the assessment period.
The high demand from major end-use industries such as paper & packaging, building & construction, automotive, and woodworking is driving the demand for water-based adhesives in the North American and European region. However, the declining sales of print media owing to digital marketing is likely to decline the demand for water-based adhesives.
The Middle East & Africa is driving the global water-based adhesives market owing to the presence of infrastructural hubs present in the region.
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About the AuthorRishab Gupta
Joined: November 25th, 2019
Articles Posted: 303
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