Water-Based Adhesive Market Size to Surpass USD 87.74 Billion with CAGR of 11.30% by 2030

Data Bridge Market Research analyses that the water-based adhesive market is expected to reach USD 87.74 billion by 2030, which is USD 37.26 billion in 2022, registering a CAGR of 11.30% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

The adhesives market's growth is supported by the stable economic growth forecasted in many developing and developed countries. The International Monetary Fund predicts that global real GDP growth will be 3.7% in 2019 to 2020 and 3.6% from 2021 to 2023. After a major decline during forecast period, improving commodity expenses are further anticipated to aid the market's growth. Moreover, developing markets are anticipated to continue to develop slightly faster than developed markets during the forecast period. For instance, as per the analysis of Asian Development Bank, a regional development bank, Asia's share of world GDP is anticipated to surge to 40 percent by 2030 and 52 percent by 2050. Stable economic growth is likely to surge investments in the end-user markets, thus enhancing the market during the forecast period.

Water-based Adhesive, also called as Water-borne Adhesive is generally made from soluble synthetic or natural polymers. They are either made naturally or from man-made materials. The adhesives are also used in essential techniques for example sewing, mechanical fastening, and thermal bonding. Adhesive tapes, glue, and sticky tac, and are also used in making envelopes, stamps production, bookbinding, labelling of soft drinks, consumer and assembly applications. Water-based adhesives are chemical compounds, developing mixtures of water, polymer, other additives and are available in powder or liquid form too. The water-based adhesives are used to bond different substrates in several applications, such as paper and packaging, tapes and labels, woodworking, building and construction, and automotive and transportation., etc. These adhesives are wet bonding, hence at least one component has to be water permeable to allow water to escape from the bond line. Due to its flexibility and quick setting time, major characteristics of water-based adhesives are made from the paper and packaging, building and construction, automotive and woodworking.

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Market Definition
Water-based adhesives are those adhesives that are formulated either from soluble synthetic polymers or natural polymers. These adhesives may be formulated as dry powders or supplied as solutions. The water-based adhesives use a combination of water, additives and polymers, perfect for both non-porous and porous substrates.

Some of the major players operating in the water-based adhesive market are:
Henkel AG and Co. KgaA (Germany)
H.B. Fuller (U.S.)
Arkema (France)
3M (U.S.)
Dow (U.S.)
Ashland (U.S.)
Coim Group (Italy
Vimasco Corporation (U.S.)
Flint Group (U.S.)
DIC Corporation (Japan)
L.D.Davis (U.S.)
Weilburger (Germany)
Dural Industries (Germany)
Bond Tech Industries (Canada)
SAPICI S.p.A (Italy)
Merck KGaA (Germany)
Bayer AG (Germany)
Dupont (U.S.)
Illinois Tool Works Inc. (U.S.)
MAPEI S.p.A. (Italy)
PPG Industries (U.S.)
Bostik (France)
Sika AG (Switzerland)
Pidilite Industries Ltd. (India)
Akzo Nobel N.V. (Netherlands)
Franklin International (U.S.)

Water-Based Adhesive Market Dynamics
Drivers
High usage of water-based adhesive in packaging adhesive tapes
The widespread use of water-based adhesive in applications including heavy-duty carton sealing, gift wrapping, and decoration, these adhesives are in high demand. These adhesives are used for the production of tapes and labels. Packaging for medicine delivery systems, shipping packaging for building materials, packaging for automotive and logistics, and packaging for consumer and industrial goods contribute to the market's growth. Therefore, the packaging adhesive tapes market is one of the major factor for the growth of market.

Surging production and sales of chemical goods
The surging sells and production of chemical goods is expected to increase the demand for the water-based adhesive and drive the market growth rate during the forecast period. Huntsman Corporation was purchased by Indian adhesives manufacturer Pidilite Industries for $ 28.55 billion in November 2020. With this acquisition, Araldite will strengthen Pidilite Industries' existing robust portfolio of adhesives and sealants and add to its line of retail products. American company Huntsman Corporation produces and sells chemical goods to both industrial and retail clients.

Opportunities
Increasing adoption of internet of Things (IoT) technology
In order to get real-time data and locate gaps in the manufacturing process, many adhesive firms are implementing Internet of Things (IoT) technology to connect machinery and smart devices. Plant managers and senior management process, analyse, and interpret the data to improve quality and reach ideal production levels. For instance, smart systems provide data on the operation and performance of chemical reactors with embedded analytics capabilities to alert plant managers and operators of potential machine failures. Examples of significant businesses implementing IoT include The Dow Chemical Company, BASF SE and H.B. Fuller. Therefore, increasing adoption of internet of Things (IoT) technology is expected to create numerous opportunities for the growth of the market during the forecast period.

Restraints/ Challenge
Slower drying nature of water-based adhesives
The main problems with water-based adhesives are their slower drying tendency at low temperatures. The drying process requires a lot of time and could cause a delay in the work process because water is so volatile. For instance, Henkel and other businesses produce Technomelt adhesives, which are hot melt adhesives utilized in the furniture and automobile industries because they dry quickly. As a result of this, the development of water-based adhesives is being constrained by their shorter drying period.

This water-based adhesive market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the water-based adhesive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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Global Water-Based Adhesive Market Scope
The water-based adhesive market is segmented on the basis of type of resin, product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type of Resin
Acrylic Polymer Emulsion (PAE)
Polyvinyl Acetate (PVA) Emulsion
Vinyl Acetate Ethylene (VAE) Emulsion
Styrene Butadiene (SB) Latex
Polyurethane Dispersion (PUD)

Product Type
Vinyl Acetate Adhesives
Starch/Dextrin Adhesives
Rubber Latex Adhesives
Protein/Casein Adhesives
Other Product Types

Application
Tapes and Labels
Paper and Packaging
Building and Construction
Automotive and Transportation
Other Applications
Consumer and DIY
Leather and Footwear
Sports and Leisure
Assembly

Water-based adhesive Market Regional Analysis/Insights
The water-based adhesive market is analyzed and market size insights and trends are provided by country, type of resin, product type and application as referenced above. The countries covered in the water-based adhesive market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to dominate the water-based adhesive market in terms of revenue growth and market share because of the fastest-growing consumer markets of India, China and other Asia-Pacific countries. This large population is expected to become a progressively important driver for industries such as building and construction, paper and packaging, woodworking and automotive and transportation in this region. North America is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the increasing need for non-residential development and growing consumer spending on home furnishings in this region.

The report answers questions such as:

What is the market size and forecast of the Water-based Adhesive Market?
What are the inhibiting factors and impact of COVID-19 shaping the Water-based Adhesive Market during the forecast period?
Which are the products/segments/applications/areas to invest in over the forecast period in the Water-based Adhesive Market?
What is the competitive strategic window for opportunities in the Water-based Adhesive Market?
What are the technology trends and regulatory frameworks in the Water-based Adhesive Market?
What is the market share of the leading vendors in the Water-based Adhesive Market?
What modes and strategic moves are considered suitable for entering the Water-based Adhesive Market?

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