Water-based Adhesive Market 2024: Size, Share, Latest Trends, Opportunity and Forecast 2024-2032

IMARC Group, a leading market research company, has recently releases report titled “Water-based Adhesive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global water-based adhesive market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the water-based adhesive market?

The global water-based adhesive market size reached US$ 22.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 42.8 Billion by 2032, exhibiting a growth rate (CAGR) of 7.32% during 2024-2032.

Factors Affecting the Growth of the Water-Based Adhesive Industry:

Environmental Regulations Driving Adoption:

Increasing concerns regarding volatile organic compounds (VOCs) emissions have prompted stringent environmental regulations globally. As a result, industries are compelled to transition towards eco-friendly solutions such as water-based adhesives. These adhesives offer significantly lower VOC emissions compared to solvent-based counterparts, aligning with regulatory standards and addressing environmental concerns. Manufacturers are increasingly prioritizing the use of water-based adhesives to comply with regulations while reducing their environmental footprint, thus driving the growth of the global market.

Surge in Demand from Packaging Industry:

The packaging industry is witnessing a substantial shift towards sustainable solutions to address consumer demands and regulatory requirements. Water-based adhesives are gaining prominence in this sector due to their eco-friendly properties, strong bonding capabilities, and recyclability. These adhesives are widely utilized in various packaging applications, including carton sealing, label adhesion, and flexible packaging lamination. With the increasing emphasis on sustainable packaging practices, the demand for water-based adhesives continues to escalate, driving market growth significantly.

Expansion of Construction Sector:

The construction industry, particularly in emerging economies, is experiencing robust growth, driven by rapid urbanization and infrastructure development. Water-based adhesives are extensively utilized in construction applications such as flooring, tiles, and insulation due to their excellent bonding properties and resistance to moisture. These adhesives offer advantages such as ease of application, durability, and compliance with environmental regulations, making them preferred choices in construction projects. The booming construction sector, coupled with the adoption of stringent environmental standards, is fueling the demand for water-based adhesives, contributing to market expansion.

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What are the growth prospects and trends in the water-based adhesive industry?

The global water-based adhesive market is driven by several key factors shaping its growth trajectory, such as the increasing environmental concerns and regulations regarding volatile organic compounds (VOCs) emissions are compelling manufacturers to shift towards water-based adhesives, which offer lower VOC emissions and are considered more environmentally friendly. Additionally, the growing awareness about sustainable packaging solutions is fueling the demand for water-based adhesives in the packaging industry, as they offer excellent bonding properties for various substrates while being recyclable and non-toxic, which is propelling the market growth. Moreover, the expanding construction industry, particularly in emerging economies, is driving the demand for water-based adhesives in applications such as flooring, tiles, and insulation, owing to their strong bonding capabilities and resistance to moisture, which is stimulating the market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Resin Type:

• Acrylic Polymer Emulsion (PAE)
• Polyvinyl Acetate (PVA) Emulsion
• Vinyl Acetate Ethylene (VAE) Emulsion
• Styrene Butadiene (SB) Latex
• Polyurethane Dispersion (PUD)
• Others

Polyvinyl acetate (PVA) emulsion represented the largest segment by resin type due to its wide range of applications, including packaging, woodworking, and construction, supported by its strong bonding properties and versatility.

Breakup by Application:

• Tapes and Labels
• Paper and Packaging
• Building and Construction
• Woodworking
• Automotive and Transportation
• Others

Paper and packaging represented the largest segment by application owing to the growing demand for sustainable packaging solutions, where water-based adhesives offer eco-friendly alternatives with excellent bonding strength and compatibility with various substrates.

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific was the largest market by region due to rapid industrialization, urbanization, and infrastructure development in countries like China and India, driving significant demand for water-based adhesives across diverse industries.

Who are the key players operating in the industry?

The report covers the major market players including:

• 3M Company
• Arkema
• Bond Tech Industries Inc.
• DuPont de Nemours, Inc.
• Evonik Industries AG
• H.B. Fuller Company
• Henkel AG and Co
• KgaA, MAPEI S.p.A.
• Pidilite Industries Ltd.
• Sika AG
• Weilburger Coatings GmbH, etc.

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