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Stable Economic Growth Propels Water-Based Adhesives Market Expansion: Key Factor Driving The Growth In The Water-Based Adhesives Market
Water-Based Adhesives
What Is the Expected Water-Based Adhesives Market Size During the Forecast Period?
The water-based adhesives market has experienced rapid growth in recent years. It will grow from $46.65 billion in 2024 to $52.12 billion in 2025, reflecting a CAGR of 11.7%. The growth is driven by reduced health risks, the expansion of the packaging industry, growth in woodworking and furniture production, and increased consumer demand for sustainable products.
The water-based adhesives market is forecast to rise rapidly to $77.02 billion by 2029 with a CAGR of 10.3%. Growth is driven by eco-friendly initiatives, construction and packaging expansion, and demand from the auto sector. Key trends include bio-based adhesives, performance-focused formulations, nanotech integration, and packaging innovation.
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What Are the High-Growth Segments in the Water-Based Adhesives Market?
The water-based adhesives market covered in this report is segmented -
1) By Type of Resin: Acrylic Polymer Emulsion (PAE), Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate Ethylene (VAE) Emulsion, Styrene Butadiene (SB) Latex, Polyurethane Dispersion (PUD)
2) By Product Type: Vinyl Acetate Adhesives, Starch Or Dextrin Adhesives, Rubber Latex Adhesives, Protein Or Casein Adhesives, Other Product Types
3) By Application: Tapes And Labels, Paper And Packaging, Building And Construction: Automotive And Transportation, Other Applications (consumer And DIY, leather And Footwear, Sports And leisure, And Assembly)
Subsegments:
1) By Acrylic Polymer Emulsion (PAE): General-Purpose Adhesives, Pressure-Sensitive Adhesives, Packaging Adhesives, Automotive Adhesives, Construction Adhesives
2) By Polyvinyl Acetate (PVA) Emulsion: Woodworking Adhesives, Paper And Packaging Adhesives, Textile Adhesives, Bookbinding Adhesives, White Glue For Crafts
3) By Vinyl Acetate Ethylene (VAE) Emulsion: Flooring Adhesives, Carpet Adhesives, Paper And Packaging Adhesives, Construction Adhesives, Textile Adhesives
4) By Styrene Butadiene (SB) Latex: Carpet Adhesives, Construction Adhesives, Woodworking Adhesives, Automotive Adhesives, Bonding For Laminates And Composites
5) By Polyurethane Dispersion (PUD): Footwear Adhesives, Automotive Adhesives, Leather Adhesives, Furniture And Wood Adhesives, Textile Adhesives
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What Key Drivers Are Expected to Influence Future Water-Based Adhesives Market Growth?
The adhesives market is experiencing growth fueled by stable economic progress in both developed and emerging economies. The IMF projects real global GDP growth of around 3.7% through 2020 and slightly lower afterward. As economies like those in Asia expand, with the continent's share of global GDP expected to hit 40% by 2030, increased investment in industrial and construction sectors is expected to drive demand for water-based adhesives.
Which Companies Hold the Largest Share Across Different Water-Based Adhesives Market Segments?
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
What Are the Latest Developing Trends in the Water-Based Adhesives Market?
Adhesive companies are integrating IoT technologies into their manufacturing processes to improve quality and optimize production. IoT systems provide real-time insights into equipment performance, helping manufacturers prevent breakdowns and improve the overall efficiency of the production process. Major companies like BASF SE and The Dow Chemical Company are increasingly adopting IoT systems for improved manufacturing operations.
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What Are the Emerging Geographies for The Water-Based Adhesives Market Growth?
Asia-Pacific was the largest region in the water-based adhesives market in 2023. North America was the second-largest region in the global water-based adhesives market share. The regions covered in the water-based adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Water-Based Adhesives Market?
2. What is the CAGR expected in the Water-Based Adhesives Market?
3. What Are the Key Innovations Transforming the Water-Based Adhesives Industry?
4. Which Region Is Leading the Water-Based Adhesives Market?
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