Emulsion Adhesives Market Competitive Intelligence: Analysis of Key Market Players, Products, and Strategies
Emulsion adhesives market will witness a CAGR of 6.70% for the forecast period of 2022-2029. Growth in the emulsion adhesives especially in the developing economies such as India and China, surging application of emulsion adhesives for a wide range of applications such as paper and packaging, automotive and transportation, woodworking and others increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the emulsion adhesives market.
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Market Insights and Scope
Emulsion adhesives are acrylic polymer adhesives produced without using organic solvents. Emulsion adhesives are used for a wide range of industrial applications owing to the fact that they are safe, non-toxic and non-flammable in nature. Emulsion adhesives are suitable for application on the permeable materials and are available at a lower cost than other adhesives.
Rise in demand for emulsion adhesives by buildings and construction industry is the root cause for fuelling up the market growth rate. Rising demand for emulsion adhesives in the manufacturing of tapes and labels and growth and expansion of various end user verticals in the emerging economies will also directly and positively impact the growth rate of the market. Rising awareness about the benefits of emulsion adhesives in comparison to other adhesives or alternatives, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, accelerating demand for eco-friendly adhesives in automotive and transportation applications and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
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