Water-Based Adhesives Market Outlook 2024: Exclusive Report By The Business Research Company | Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Inc., Sika AG, DuPont de Nemours Inc., DIC Corporation, 3M Company, Illinois Tool Works Inc., Ashland Inc., Ma

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Water-Based Adhesives Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The water-based adhesives market size has grown rapidly in recent years. It will grow from $41.61 billion in 2023 to $46.32 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to reduced health risks, packaging industry growth, woodworking and furniture production, consumer demand for sustainable products.

The water-based adhesives market size is expected to see rapid growth in the next few years. It will grow to $69.61 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to green and sustainable initiatives, rising demand in construction, flexible packaging expansion, automotive sector growth. Major trends in the forecast period include bio-based water-based adhesives, high-performance formulations, nanotechnology integration, packaging innovation.

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Market Segmentation:
The main types of water-based adhesives are acrylic polymer emulsion (PAE), polyvinyl acetate (PVA) emulsion, vinyl acetate ethylene (VAE) emulsion, styrene butadiene (SB) latex, and polyurethane dispersion (PUD). VAE emulsions are created by copolymerizing vinyl acetate and ethylene, with the vinyl acetate percentage ranging from 60 to 95 percent and the ethylene content ranging from 5 to 40% of the total formulation. The product types are vinyl acetate adhesives, starch/dextrin adhesives, rubber latex adhesives, protein/casein adhesives, and other types that are used in paper and packaging, building and construction, automotive and transportation, and other sectors.

Major Driver - Stable Economic Growth Propels Water-Based Adhesives Market Expansion
The adhesives market's growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global real GDP growth will be 3.7% over 2019 and 2020 and 3.6% from 2021 to 2023. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. For instance, according to the Asian Development Bank, a regional development bank, Asia's share of world GDP is expected to increase to 40% by 2030 and 52% by 2050. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the water-based adhesives market during the forecast period.

Competitive Landscape:
Major companies operating in the water-based adhesives market include Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Inc., Sika AG, DuPont de Nemours Inc., DIC Corporation, 3M Company, Illinois Tool Works Inc., Ashland Inc., Mapei SPA, Pidilite Industries Ltd., Franklin International Inc., Huber Group, Alfa International Corporation, Akzo Nobel NV, PPG Industries Inc., Evonik Industries AG, Avery Dennison Corporation, Bayer Material Science, Lord Corporation, Ardex Group, Permabond LLC, Paramelt BV, Jowat SE, Aqua Based Technologies, Technical Adhesives Limited, Ellsworth Adhesives, Nadco Tapes and Labels Inc., Royal Adhesives & Sealants LLC, Eastman Chemical Company, Hexion Inc., Huntsman Corporation, Master Bond Inc., Momentive Performance Materials Inc., RPM International Inc., BASF SE

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Top Trend - IOT Integration Revolutionizes Adhesive Manufacturing For Enhanced Efficiency And Quality
Many adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real-time insights and locate gaps in the manufacturing process. The data obtained is processed, analyzed, and interpreted by plant managers and senior-level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers of possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company, and H.B. Fuller.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Water-Based Adhesives Market Characteristics
3. Water-Based Adhesives Market Trends And Strategies
4. Water-Based Adhesives Market - Macro Economic Scenario
5. Water-Based Adhesives Market Size And Growth
…..
27. Water-Based Adhesives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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