Feb 2, 2022   SOURCE: BusinessWire

$29.5 Billion Water-Based Adhesive Markets - Global Outlook & Forecast 2022-2027 - ResearchAndMarkets.com

The "Water-Based Adhesive Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The water based adhesive market size was valued at USD 20.2 billion in 2021 and is expected to reach USD 29.5 billion by 2027, growing at a CAGR of 6.51% during the forecast period.

The major end-user industries for the water-borne adhesives market include building and construction, packaging, automotive, footwear, tapes and labels, healthcare, electricals and electronics, and woodworking. Water-based polyurethane adhesives are witnessing high growth owing to their increasing demand and application in packaging, automotive, electronics, and many other industries.

The flexibility and excellent adhesion properties with any substrate make water-based coatings suitable for any industry.

KEY HIGHLIGHTS

Problems regarding VOC emission and smells produced by applying adhesives have prompted manufacturers to create eco-friendly formulations.

There is a demand for lightweight vehicles as they cause fewer carbon emissions. This is an important growth factor for the adhesives & sealants market.

There has also been a significant movement away from petroleum-based formulations, which emit styrene, naphthalene, vinyl cyclohexane, and toward water-based adhesives by formulations. This is a positive step forward for indoor air quality and building occupant health and well-being. This will drive growth in the global water-based adhesives market.

Due to expanding population, emerging economies, and the rapid pace of urbanization, APAC has emerged as the largest consumer of water-based adhesives. China, Japan, and South Korea are among the region's most important marketplaces.

WATER-BASED ADHESIVE MARKET SEGMENTATION

Demand for natural polymers is increasing exponentially because of their ability to be used as a low-cost alternative to petroleum-based polymers. As the government regulations get stricter regarding petroleum-based products and VOC emissions, the vendors have to shift their focus to environmentally friendly raw materials used in water-based adhesives.

The market for PVA is growing in substrates such as cork, leather, paper, and cardboard. Industries dependent on water-based and hot melt adhesives extensively use polyvinyl alcohol adhesives in various applications. Some of the major sectors include - packaging, paper, construction, and wood processing.

GEOGRAPHICAL OUTLOOK

North America: Increasing purchases from E-commerce websites will enable the water-based adhesives manufacturer to explore new business opportunities in North America. The demand for water-based adhesives used in building and construction applications has increased as the need for non-residential development and consumer expenditure on home furnishings has increased.

APAC: The water-based adhesives market is predicted to dominate the packaging sector, followed by the building & construction and automotive industries. In this sector, India and China will be the market leaders. Construction, electronics, tapes and labels, automobile and packaging industry is the driving factor for the water-based adhesive in APAC region.

VENDOR LANDSCAPE

The key players in the water-based adhesives market are- 3M, Arkema, Sika, H.B. Fuller, and Henkel.

Sika acquired Hamatite, the adhesives business of the Yokohoma Rubber Co. Ltd., which is a market leader in Japan, offering adhesives and sealants to the automotive and construction industries.

KEY GROWTH FACTORS

  • Precise Application of Adhesive Using Digital Printing
  • Increasing Usage of Water-Based Adhesives for Clear Packaging
  • Increasing Demand for Digitization of Packaging
  • Growing Demand for Lightweight Vehicle
  • Increasing Demand for Green Adhesives
  • Increasing Demand for Lightweight Packaging Adhesives

Key Vendors

  • 3M
  • Arkema
  • Sika
  • H.B. Fuller
  • Henkel

Other Prominent Vendors

  • DOW
  • Dymax
  • Franklin International
  • Jowat
  • Avery Dennison
  • Wacker Chemie AG
  • AkzoNobel
  • PPG Industries
  • Lord Corporation
  • Ashland
  • AdCo UK
  • Alfa International
  • Benson Polymers
  • Wisdom Adhesive Worldwide
  • Sealock Adhesives
  • Anabond
  • Permabond
  • Masterbond
  • Lintec
  • Delo

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of The Study

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

7.2 Key Insights by Application

7.2.1 Paper and Packaging

7.2.2 Tapes and Labels

7.2.3 Woodworking

7.2.4 Healthcare

7.2.5 Raw Material Analysis

7.3 Patent Filed for Water-Based Adhesive Products

7.4 Ease of Doing Business Matrix

7.5 Supply Chain Analysis

7.6 Impact of Covid-19

8 Growth Opportunity

8.1 Application

8.2 Formulation

8.3 Resin Type

8.4 Geography

9 Market Opportunities & Trends

9.1 Precise Application of Adhesives Using Digital Printing

9.2 Increasing Use of Water-Based Adhesives for Clear Packaging

9.3 Growing Demand for Digitization of Packaging

10 Market Growth Enablers

10.1 Growing Demand for Lightweight Vehicles

10.2 Increasing Demand for Green Adhesives

10.3 Rising Demand for Lightweight Packaging Adhesives

11 Market Restraints

11.1 Increasing Competition from Hot-Melt Adhesives

11.2 Low Storage Capability Due to Perishability

12 Market Landscape

12.1 Market Overview

12.2 Market Size & Forecast

12.3 Five Forces Analysis

13 Formulation

13.1 Market Snapshot & Growth Engine

13.2 Market Overview

13.3 Natural Polymer

13.4 Synthetic Polymer

14 Resin Type

14.1 Market Snapshot & Growth Engine

14.2 Market Overview

14.3 Polyvinyl Acetate Emulsion

14.4 Acrylic Polymer Emulsion

14.5 Ethylene Vinyl Acetate

14.6 Styrene-Butadiene Latex

14.7 Polyurethane Dispersions

15 Application

15.1 Market Snapshot & Growth Engine

15.2 Market Overview

15.3 Paper & Packaging

15.4 Tapes & Labels

15.5 Woodworking

15.6 Healthcare

15.7 Electrical & Electronics

15.8 Automotive and Transportation

15.9 Building & Construction

16 Geography

16.1 Market Snapshot & Growth Engine

16.2 Geographic Overview

For more information about this report visit https://www.researchandmarkets.com/r/z5zrn5