Market Overview:
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 protuberant factors identified in the global water-based adhesives market are increasing demand for water-based adhesives in tapes and labels and huge expenditure in emerging economies. Furthermore, growing packaging industry on account of increasing demand for e-commerce are likely to propel market growth.
In addition, regulations laid down in developed regions for usage of low VOC adhesives in order to address the environmental challenges is expected to boost the demand for water-based adhesives. Shifting preference towards green and sustainable adhesives among consumers are expected to offer lucrative opportunity in the global water-based adhesives market.
Competitive Dashboard:
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.
Get Sample Copy of this Research @ https://www.marketresearchfuture.com/sample_request/6987
Market Segmentation:
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.
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.
Access Full Report Details @ https://www.marketresearchfuture.com/reports/water-based-adhesive-market-6987
Regional Analysis:
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 Audience:
- Water-Based Adhesive manufacturers
- Traders and distributors of Water-Based Adhesive
- Adhesives & Sealant Producers
- Potential investors
- Raw material suppliers
- Research laboratories
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/water-based-adhesive-market-6987
