Global water based adhesives demand is projected to grow at a healthy CAGR of 5.75%. Water based adhesives are chemical composite materials which contain mixture of polymer, water, and additives.
They are used for binding one substrate to the other. They are available as solutions or dry powders which are mixed with water prior to application. The binding process completes when the water component of the adhesive evaporates or is absorbed by one of the substrates. Water based adhesives are of several types including acrylics, polyvinyl acetate emulsion, ethylene vinyl acetate emulsion, polyurethane emulsions, chloroprene rubber latex. Based on their binding properties, water based adhesives find application in various areas such as tapes and labels, paper, packaging, woodworking, building and construction, automotive and transportation etc. Growing packaging industry coupled with lesser volatile organic compounds (VOC) emission associated with water based adhesives as compared to other solvent based adhesives is projected to drive the demand of water based adhesives for the forecast period. The growing need for green solvents and more environment friendly adhesives is expected to hinder the demand growth during the forecast period.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. The demand for automotive and construction industry in particular fell sharply for the first half of 2020. This decreased the demand for water based adhesives during the coronavirus pandemic. Region wise, Asia Pacific region holds the major share of global demand for water based adhesives due to the burgeoning packaging industry and growing demand from other industries such as automotive, construction, woodworking, paper etc.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
Objective of the Study:
•To assess the demand-supply scenario of water based adhesives which covers production, demand and supply of water based adhesives market globally.
•To analyse and forecast the market size of water based adhesives .
•To classify and forecast global water based adhesives market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global water based adhesives market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global water based adhesives market.
•To identify and analyse the profile of leading players involved in the manufacturing of water based adhesives.
Major players for water based adhesives globally include DIC, Evonik, Dow Corning, Huber Group, 3M Company, Illinois Tool Works, Franklin International, Eastman Chemical Company, H.B. Fuller Company, Royal Adhesives and Sealants, Ashland.
To extract data for global water based adhesives market, primary research surveys were conducted with water based adhesives manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global water based adhesives market over the coming years.
ChemAnalyst calculated water based adhesives demand globally by analyzing the historical data and demand forecast which was carried out considering imported water based adhesives, styrene prices, monomers used for production of water based adhesives. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• water based adhesives manufacturers and other stakeholders.
•Organizations, forums and alliances related to water based adhesives distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as water based adhesives manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, global water based adhesives market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Application
Tapes And Labels, Paper, Packaging, Woodworking, Building and Construction, Automotive and Transportation.
Market, by Type
Acrylics, Polyvinyl Acetate Emulsion, Ethylene Vinyl Acetate Emulsion, Polyurethane Emulsions, and Chloroprene Rubber Latex.
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
Market, by Region
North America, APAC, Europe, MEA, South America
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.
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