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 2027

Market Overview:

Water-based adhesives also known as waterborne adhesives content carrier fluid and additives to reduce its viscosity to be applied at different thickness. These adhesives are formulated using either natural polymers or soluble synthetic polymers. Water-based adhesives are gaining high importance in the market owing to environmentally friendly and economical alternative to solvent-borne adhesives. They are wet bonding, therefore at least one substrate has to be water permeable to allow water to escape from the bond line. Owing to its flexibility and quick setting time, major customers of water-based adhesives are the paper & packaging, building & construction, automotive and woodworking among others. Water-Based Adhesive Market is estimated to grow at CAGR 6% from 2020 to 2027.

Some of the protuberant factors identified in the global water-based adhesives market are increasing demand for water-based adhesives in tapes and labels and huge expenditure in emerging economies. Furthermore, growing packaging industry on account of increasing demand for e-commerce are likely to propel market growth. In addition, regulations laid down in developed regions for usage of low VOC adhesives in order to address the environmental challenges is expected to boost the demand for water-based adhesives. Shifting preference towards green and sustainable adhesives among consumers are expected to offer lucrative opportunity in the global water-based adhesives market. 

However, water-based adhesives are perishable, so lack of extended storage can hinder the market growth.

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

Source: MRFR Analysis

Regional Analysis:

The major five regions covered in global water-based adhesives market are Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for largest market share owing to growing infrastructure activities and rise in automotive production. Emerging economies like China, India, Indonesia and South Korea are contributing to regional market growth. Increasing demand for paper packaging materials along with increasing disposable income are expected to drive the demand for water-based adhesives over the assessment period. Additionally, substantial growth of e-commerce industry in the region are expected to drive demand for tapes and labels that can be associated with the demand for water-based adhesives in the region. 

North America and Europe witnessed slow growth over the assessment period. This is mainly attributed to matured automotive and packaging industry. Moreover, declining sales of print media owing to digital marketing can be attributed towards sluggish demand for water-based adhesives in this region. However, growing electronic industry may escalate the water-based adhesives market growth.

The Middle East & Africa is another prominent region in the global water-based adhesives market owing to huge investment in building and construction industry. Increasing intra trade activities and rising demand for tapes, labels and paper are likely to positively impact market growth. 

Latin America water-based adhesive market witnessed moderate growth during the forecast period. Rapid industrialization and growing medical packaging are expected to augment market growth in the region.

Segmentation:

The global water-based adhesive market has been segmented by resin type, application, and region.

On the basis of resin type, the market has been segmented into polyvinyl acetate emulsion (PVA), acrylic polymer emulsion (PAE), vinyl acetate ethylene emulsion (VAE), styrene butadiene latex, polyurethane dispersion (PUD), vinyl acetate acrylates (VAA) and others. Based on application, the market has been segmented into paper & packaging, tapes & labels, building & construction, automotive, woodworking and others.

Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Key Players

Some of the key players in the global water-based adhesive are 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) among others.

Intended Audience

• Water-Based Adhesive manufacturers


• Traders and distributors of Water-Based Adhesive


• Adhesives & Sealant Producers


• Potential investors


• Raw material suppliers


• Research laboratories

Report Scope:

Report Attribute/Metric	Details
Market Size	2027: Significant Value
CAGR	2020-2027: Substantial CAGR
Base Year	2019
Forecast Period	2020-2027
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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