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Water-Based Adhesive Market Sales, Revenue Segmentation by Countries, Segmentation by Types & Applications

Water-Based Adhesive Market

Water-Based Adhesive Market

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

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.

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Competitive Analysis:

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.

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 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.

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Regional Analysis:

The major five regions covered in global water-based adhesives market are Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for largest market share owing to growing infrastructure activities and rise in automotive production. Emerging economies like China, India, Indonesia and South Korea are contributing to regional market growth. 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. Additionally, substantial growth of e-commerce industry in the region are expected to drive demand for tapes and labels that can be associated with the demand for water-based adhesives in the region.

North America and Europe witnessed slow growth over the assessment period. This is mainly attributed to matured automotive and packaging industry. Moreover, declining sales of print media owing to digital marketing can be attributed towards sluggish demand for water-based adhesives in this region. However, growing electronic industry may escalate the water-based adhesives market growth.

The Middle East & Africa is another prominent region in the global water-based adhesives market owing to huge investment in building and construction industry. Increasing intra trade activities and rising demand for tapes, labels and paper are likely to positively impact market growth.

Latin America water-based adhesive market witnessed moderate growth during the forecast period. Rapid industrialization and growing medical packaging are expected to augment market growth in the region.

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

Intended Audience:

Water-Based Adhesive manufacturers

Traders and distributors of Water-Based Adhesive

Adhesives & Sealant Producers

Potential investors

Raw material suppliers

Research laboratories

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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