Water-Based Adhesive Market Research Report - Forecast till 2030

Water-Based Adhesive Market Information by Resin Type (PVA Emulsion, PAE, VAE Emulsion, SB latex, PUD, VAA), Application (Tapes & Labels, Paper & Packaging, Woodworking, Building & Construction, Automotive), and Region (Asia-Pacific, North America, Europe, and Others)—Forecast till 2030

ID: MRFR/CnM/5522-HCR | February 2021 | Region: Global | 140 pages         

Water-Based Adhesive Market

Water-Based Adhesive Market is projected to be worth USD 29.5 billion by 2027, registering a CAGR of 6.51% during the forecast period (2022 - 2027).


By Resin Type PVA Emulsion PAE VAE Emulsion SB latex PUD VAA
By Application Tapes & Labels Paper & Packaging Woodworking Building & Construction Automotive

Key Players

  • Henkel
  • Sika
  • Bostik
  • RPM international
  • KCC
  • B .Fuller
  • 3M
  • Illinois tool works
  • Avery Dennison
  • Huntsman international
  • DowDuPont
  • Ashland
  • Akzo Nobel
  • Permabond
  • Dymax
  • LORD
  • Delo Industrie Klebstoffe
  • Franklin international


  • increasing demand for water-based adhesives in tapes and labels and huge expenditure in emerging economies
  • increasing demand for e-commerce
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Water-Based Adhesive Market Overview:

The Water-Based Adhesive Market has valued about the growth from the USD of 15.3 billion in the year 2018, which is calculated with the USD of 20.2 billion by the year 2023 with the CAGR of the 5.7% during the forecast period.

Several developments in technology have created the demand for the Water-Based Adhesive Market. The main demand for the Water-Based Adhesive Market is because the adhesives set quickly and form powerful bonds. These will remain strong for a more long period unless it is exposed to the excess flow of water or moisture. The main demand for the use of water-based adhesives is important in fixing the packages and also in the woodworks. The additional feature of the water-based adhesive is that it is easy to clean once after the application.

COVID Analysis

Due to the spread of the pandemic across the world many industries are facing losses. The loss of transportation because of the restriction due to the lockdown has brought a great impact on the Water-Based Adhesive Market. Because of the lockdown restrictions, there were great losses during the pandemic time. as there were no supply for the raw materials and the many manufacturers and the production unit was interrupted. But there was a great demand for the Water-Based Adhesive Market but due to the lack of transportation, there were not able to provide the products to the customers. These are some of the negative impacts that have caused the lack of Water-Based Adhesive Market Growth.

Market Dynamics

Crucial Market drivers

The main driver which increases the Water-Based Adhesive Market Size, because there is the need for the water-based adhesives to fix the packages, tapes and labels, paper and also for the woodworking. The demand has increased because these water-based adhesives are used even in the construction and building sector also in the automotive and transportation industry. The growth for the Water-Based Adhesive Market has been created because of its unique nature of getting fixed easily and also it is easy to wash hands after the application. It is expected that due to the increase in the demand it will gain gradual growth in the forecasting period.

The market growth opportunities

There are some of the main features of the water-based adhesives which raise the growth opportunity of the Water-Based Adhesive Market Share. The special features are that they last long which is after applying the adhesives it is mandatory not to pour the water until it gets dry. Once it is dry it will last longer and also able will not leak. One of the important qualities is that it is easy to remove from the hands after the application. And the growth of the construction and the building sectors are also the main reason for the growth of the Water-Based Adhesive Industry.

The market restraints

The important hindrance that restrains the growth of the Water-Based Adhesive Market Value is the easy availability of duplicate or substitute products in the market. This is one of the main drawbacks, the substitute products may not provide the long-lasting feature. The impression about the products to the people will give a negative impact on the market. So it needs to check that the product has good quality. Late on while the spread of the pandemic has also caused a greater impact on the Water-Based Adhesive Market.

The market challenge

The challenging factor which is faced by the Water-Based Adhesive Market is the fluctuation of the price of the raw materials because of the spread of the pandemic. as the market is not steady so the manufacturer is struggling to get cost-effective raw materials so that they can provide the cost-efficient product to the customers. The demand for labour and the demand for transportation is also one of the main challenges for the growth of the Water-Based Adhesive Market Revenue. due to the lockdown, there was a great loss in all the sectors. So the manufacturing companies are waiting for the investors to invest so that they can produce a huge number of products to the customers on time.

Cumulative growth analysis

The growth analysis of the Water-Based Adhesive Market in the forecasting period is great. Because of the demand which is created because of the growth of the constructional, woodworks and the building sectors. During the post-pandemic time, the key players are getting many projects so they are planning to expand their business to reach their market value.

Value chain analysis

The value of the Water-Based Adhesive Market is tremendous because of its need and demand in the recent days after the pandemic lockdown. Several hurdles are faced because of the outbreak of the pandemic. The manufacturers are not able to supply their orders and get their raw materials. there is a huge loss and drastic changes in the small scale business. The large scale business is in demand for labours and transport. Even they faced the loss because of the outbreak of the pandemic. due to the increase in the demand for water-based adhesive products for constructional works, there is growth in the market value after the pandemic.

Market segment overview

  • By resin type

  1. Acrylic polymer emulsion

  2. Polyvinyl acetate emulsion

  3. Vinyl acetate-ethylene emulsion

  4. Styrene-butadiene latex

  5. Polyurethane dispersion

  6. Vinyl acetate acrylates

  7. Polyvinyl pyrrolidone

  8. Cellulose ethers

  9. Methylcellulose

  10. Modified silyl

  11. Butadiene acrylonitrile

  12. Dextrin/ starch-based adhesives

  13. Casein

  14. Polychloroprene adhesives

  • By application type

  1. Tapes and labels

  2. Paper and packaging

  3. Building and construction

  4. Woodworking

  5. Automotive and transportation

  6. Consumer and DIY

  7. Leather and footwear

  8. Spots and leisure

  9. Assembly

  • By form

  1. Water-based

  2. Solvent-based adhesives

  3. Hot melt adhesives

  4. Reactive adhesives

  • By distribution channel

  1. Direct or institutional sales

  2. Retail sales

  3. Others

  • By region

North America

  1. US

  2. Canada

Latin America

  1. Mexico

  2. Brazil

  3. Peru

  4. Chile

  5. Others

Western Europe

  1. Germany

  2. UK

  3. France

  4. Spain

  5. Italy

  6. Nordic countries

  7. Belgium

  8. Netherlands

  9. Luxembourg

Eastern Europe

  1. Poland

  2. Russia

Asia Pacific

  1. India

  2. Japan

  3. China

  4. ASEAN

  5. Australia

  6. New Zealand

The Middle East and Africa

  1. GCC

  2. Southern Africa

  3. North Africa

Competitive landscape

This analysis the detailed growth of the key players. The key players are making use of new strategies to get back their position after the growth of the pandemic. they are also planning to expand their company to different regions so that they can opt for their position in the market. They prefer merging with other companies so that there won't be difficulty in getting the investment and also to complete the huge amount of project.

Global Water-Based Adhesive Market Share, by Resin Type, 2019 (%)

Water Based Adhesive Market_Image

Source: MRFR Analysis

Regional analysis

North America is the leading region for the growth of the Water-Based Adhesive Market. this is because of the growth of the E-Commerce website and the purchase which have gained positive growth to this region. Even the US, Canada and Mexico are the main region that brings a good impact to North America. The increase in the usage of water-based adhesives in the recent days in the construction, buildings and consumer expenditure in the home furniture is one of the added growth to the Water-Based Adhesive Market.

The Asia Pacific region is expected to grow in the forecasting period because the demand is increasing in recent days. The demand for the Water-Based Adhesive Market has increased due to the necessity of adhesives in the construction, electronics, tapes and labels, automobiles and packaging industry in the countries like China, India.

Key players

  1. Henkel

  2. Sika

  3. Bostik

  4. RPM international

  5. KCC

  6. B .Fuller

  7. 3M

  8. Illinois tool works

  9. Avery Dennison

  10. Huntsman international

  11. DowDuPont

  12. Ashland

  13. MAPEI

  14. Akzo Nobel

  15. Permabond

  16. Dymax

  17. LORD

  18. Delo Industrie Klebstoffe

  19. Franklin international

These are some of the key players in the Water-Based Adhesive Market. they are ruling the market in recent times by using their different strategies.

Recent developments

April 2021 - H.B. Fuller, a leading American adhesives manufacturing firm supplying industrial adhesives across the globe, disclosed the launch of two new compostable adhesive solutions under the company’s global famous Flextra™ Evolution brand that provide various distinguished advantages in manufacturer benefits and sustainability goals terms.

The company has just introduced two latest compostable solutions for the flexible packaging market: Flextra™ Evolution WB1200CP/XR2200CP and Flextra™ Evolution SF1000CP/XR2000CP.

Flextra™ Evolution SF1000CP/XR2000CP is a type of 2K solventless adhesive, which provides brilliant design benefits, such as excellent adhesion and outstanding sound dampening, to a range of biodegradable film substrates.

Flextra™ Evolution WB1200CP/XR2200CP is a type of water-based two-part system that operates best with paper-to-film laminations and is completely compostable as per the EN13432, ASTM D6400, and qualifies via the Biodegradable Products Institute (BPI), a leading certifier of compostable products and packaging in North America.

April 2021 - Innovative Chemical Products, a specialty platform company in the coatings, adhesives, sealants and elastomers (CASE) markets, revealed that the company is signing an agreement to acquire a leader in custom adhesive solutions for a variety of industries, Choice Adhesives.

The strong offering in the professional roofing adhesives market by Choice Adhesives will be highly supplementary to the rising ICP Building Solutions Group (ICP BSG) portfolio that comprises APOC® and Polyset®. With the expansion of the company’s technical abilities in the roofing space, ICP BSG will have a superior ability to help professionals everywhere.

Furthermore, Choice Adhesives offers solvent-based, hot-melt, aerosol, and water-based adhesives to various markets and several applications such as high-pressure laminate, footwear, foam fabricating, woodworking, recreational vehicles, insulation, furniture, and many more.

Report Scope:
Report Attribute/Metric Details
  Market Size   2030 : Significant Value
  CAGR   2020-2030 : Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Resin Type, Product, Route of Administration, Distribution Channel, Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Henkel AG & Company, KGaA (Germany), Arkema (France), Sika AG (Switzerland), H.B. Fuller Company (US), DowDupont (US), 3M (US), DIC Corporation (Japan), Ashland Inc. (US), Akzo Nobel N.V. (Netherlands), and PPG Industries, Inc. (US)
  Key Market Opportunities

  • Shifting preference towards green
  • sustainable adhesives among consumers are expected to offer lucrative opportunity
  •   Key Market Drivers

  • increasing demand for water-based adhesives in tapes and labels and huge expenditure in emerging economies
  • increasing demand for e-commerce

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    Frequently Asked Questions (FAQ) :

    The component is perishable, which can deter the growth prospect of the water-based adhesives market.

    The growing demand for bio-friendly products would ensure a better growth rate for the water-based adhesives market growth.

    The Asia Pacific region would dominate, in terms of fetching revenues, the global water-based adhesives market.

    Players like Arkema (France), Henkel AG & Company, KGaA (Germany), H.B. Fuller Company (US), Sika AG (Switzerland), 3M (US), DIC Corporation (Japan), DowDupont (US), Akzo Nobel N.V. (Netherlands), PPG Industries, Inc. (US), and Ashland Inc. (US), would make changes and ensure growth for the water-based adhesives market.

    The growth of the water-based adhesives market would be ensured with strategies like a merger, acquisition, innovation, new product launch, joint venture or collaboration, increasing R&D investment, brand positioning, and others.