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Water Based Adhesive Market - Global Industry Analysis 2016 - 2024
Water Based Adhesive Market
The water based adhesive is primarily used for application such as lamination, coating, labeling for different industries such as automotive, construction, packaging and labeling. Water based adhesive is solvent free which is safe to use in close areas having less ventilation, such as classrooms. The water based adhesives made from vegetables have starch base is commonly used to bind books. The water based adhesive derived from animal is used where there is requirement for quick set application.
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The typical advantages of water based adhesive are no emission concern, no residual order, and enhanced resistance for heat. Owing to all such benefits and application of water based adhesive are growingly used in end-user industries such as automotive, construction and packaging industries across the globe.
Asia Pacific is the largest growing market for water based adhesives followed by Europe, North America and ROW. Asia Pacific region is expected to dominate the global water based adhesive market due its raising demand for various applications like packaging and construction. Furthermore favorable government policy for environmental friendly product in European countries and the U.S. will have positive impact on the demand for water based adhesive. In Saudi countries along with Brazil would be seeing demand for water based adhesive due to large numbers of construction. There is a tremendous market for paints, coating, automotive and packaging industries in growing economies such as China, and India due to large number of manufacturing facilities for various end user industry is being installed which would have a positive impact for water based adhesives.
The improving infrastructure and increased number of end users can be essential parameters for the demand of water based adhesive. Furthermore the rising population, environment awareness and individuals with increasing disposable income would certainly show interest for water based adhesive. Research and development will play a vital role for water based adhesive market, as newer products with lesser emissions, lesser cure time and higher bond strength would increase the demand of water based adhesive product. All these factors are ultimately providing a positive prospect for the global water based adhesive. The major players operating in the water based adhesive market are focusing on major markets and growing economies for taking advantage of potential market. Hence, the global water based adhesive market is expected to experience a strong growth in the coming years.
Some of the major companies operating in the global water based adhesive market are H. B. Fuller, Applied Adhesives, Henkel AG & Company, Bayer Material Science, Evonik Industries, The Dow Chemical Co., Arkema, The 3M Company, Avery Dennison Corporation, BASF SE, Ashland Inc., and Toyo-Morton, Ltd.
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