Press release
Global Water-Based Adhesive Market to Reach USD 27.84 Billion by 2030
The global water-based adhesive market is projected to grow from USD 19.26 billion in 2023 to USD 27.84 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 5.4% . This growth is fueled by increasing demand across sectors such as paper and packaging, woodworking, building and construction, and automotive and transportation.
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► Competitive Landscape
Key players in the water-based adhesive market include 3M, Arkema Group, Dow, Henkel AG & Co. KGaA, and Sika AG . These companies are actively engaging in mergers and acquisitions, strategic alliances, and product innovations to enhance their market presence.
► Regional Demand Highlights
The Asia-Pacific region is leading the water-based adhesive market, driven by rapid industrialization, urbanization, and significant investments in infrastructure projects. Countries like China, India, and Japan are witnessing increased demand for water-based adhesives in various applications, including automotive, construction, and packaging industries.
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► Country-Specific Insights
Growth Opportunities in Vietnam
Vietnam's adhesives market is experiencing growth due to the expansion of the packaging and construction sectors. The demand for eco-friendly adhesives is increasing, aligning with global sustainability trends.
Investment Trends in Thailand
Thailand is witnessing technological advancements in the adhesives industry, particularly in the development of water-based adhesives for the automotive and construction sectors. The country's focus on sustainable infrastructure projects is expected to drive the demand for advanced adhesive solutions.
Strategic Developments in Japan
Japan's adhesives market is growing, driven by the demand for high-performance adhesives in the electronics and automotive industries. Companies are investing in research and development to create innovative water-based adhesive products.
Market Expansion in South Korea
South Korea's adhesives market is expanding due to the growth of the packaging and construction industries. The demand for environmentally friendly adhesives is increasing, prompting companies to develop water-based adhesive solutions.
Innovation Initiatives in Singapore
Singapore's adhesives market is witnessing innovation in the development of water-based adhesives for various applications, including packaging and construction. The country's commitment to sustainability is driving the adoption of eco-friendly adhesive products.
Consolidation Activities in the United States
The U.S. water-based adhesive market is experiencing consolidation, with major players engaging in mergers and acquisitions to enhance their product portfolios and market reach. The country's robust packaging and automotive sectors continue to drive the demand for advanced adhesive solutions.
Technological Advancements in China
China's water-based adhesive market is growing due to the demand for sustainable and high-performance adhesives in the construction and packaging industries. Companies are investing in advanced technologies to develop innovative adhesive products.
Regulatory Developments in Europe
Europe's water-based adhesive market is surging owing to frequent acquisitions and product launches by market players. The region's stringent environmental regulations are driving the demand for eco-friendly adhesive solutions.
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► Global Waterbased Adhesive Market Segmentation
by Resin Type
Polyvinyl acetate emulsion
Acrylic polymer emulsion
Vinyl acetate ethylene emulsion
Styrene butadiene latex
Polyurethane dispersion
Vinyl acetate acrylates
Others.
by Application
Tapes & Labels
Paper & Packaging
Woodworking
Building & Construction
Automotive & Transportation
For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/global-water-based-adhesive-market/25151/
► Global Waterbased Adhesive Market Key Players
1. Henkel
2. H.B. Fuller
3. Arkema
4. Sika
5. The Dow Chemical
6. Bayer Material Science
7. Applied Adhesives
8. Jowat AG
9. Dow Corning
10. Evonik Industries AG
11. Illinois Tool Works Inc.
12. Franklin International, Inc.
13. Bostik
14. Ashland
15. MAPEI S.p.A.
16. 3M
17. Pidilite Industries Ltd.
18. Permabond LLC
19. DELO Industrial Adhesives
20. Akzo Nobel N.V.
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