How Water-Based Adhesive Market Growing Rapidly…? Leading Players: Evonik, 3M, Franklin International, HUBER Packaging Group GmbH, DIC Corporation

Europe water-based adhesive market demand, led by UK, Germany, Spain and France may witness firm growth due to the increase in demand for construction, automobiles and military sectors. German construction industry is estimated to witness rapid growth due to increasing state spending on the bridges and roads and increasing company investment in buildings. Growth in urban population and increasing number of immigrants has further enhanced market growth. Increasing growth of furniture industry in UK due to low price and high-quality furniture offered to the consumers may escalate market growth.

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North America driven by Canada and the U.S. water-based adhesive market size may witness an uptrend owing to the policies laid down by the government for environmental friendly products along with the increasing construction opportunities.

Asia Pacific driven by Japan, South Korea, India and China water-based adhesive market demand is expected to register substantial growth due to industrialization in these emerging economies. Increasing demand for environmental friendly product and presence of key players in packaging, construction, electronics are important drivers that will boost market in the region.

Global water-based adhesive market share is moderately fragmented. The key players operating in this industry are:
• DIC
• Dow Corning
• Evonik
• Huber Group
• Illinois Tool Works
• 3M Company
• LLC
• Franklin International

Major companies are focussing on construction and automotive sectors to enhance product portfolio and expand regional presence.

Water-based adhesives market size from construction industry is expected to witness a significant growth over the forecast timeframe due to industrialization and increase in disposable income. It is used for attaching tiles, fixtures to walls, ceilings and for cementation. Global construction market is estimated to reach over USD 0.75 trillion by 2024 owing to the increasing population and urbanization along with increase in the demand for green buildings. Increasing spending on real estate investment and national infrastructure in China along with anticipated fiscal easing in the U.S. may stimulate water-based adhesive market growth.

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Glue is any material capable of holding material together by surface attachment. Water-based adhesive contains carrier fluid and additives to reduce its viscosity, can be applied to substance efficiently at varying thickness. Global adhesive market is estimated to worth over USD 55 billion by 2024 owing to its increasing use in aerospace, consumer goods, electrical, food packaging and construction industries.

Water-based adhesive market size may witness firm growth in footwear industry as it contains low VOC’s which makes it eco-friendly. Higher viscosity permits its penetration into the material, thereby making it suitable for porous materials. Increasing environmental awareness and health issues will escalate market demand in footwear applications. Global footwear industry is may reach over USD 275 billion by 2024 owing to rising demand for comfortable, fancy and trendy footwears among all age groups. Shift in consumer demand towards sportwear due to increasing sports activity for health & fitness has further enhanced market growth.

Metals are used in plethora of industries including rails, automobiles, aviation, construction, healthcare and military. Water-based adhesive is used for rubber to metal bonding as it eliminates the problem of toxicity and flammability associated with organic solvents and are less expensive than other counterparts.

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