Global Water Based Adhesive Market Overview –
The Global 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.
Natural polymers derived from vegetable, animal, and protein sources, or synthetic polymers such as methylcellulose, carboxymethylcellulose, polyvinylpyrrolidone, and cellulose ethers, are used to produce global water-based adhesives market. Adhesive particles used on a variety of substrates and at varying thicknesses can be controlled by the viscosity of the carrier fluid, water. Clean lake adhesive technology also heavily relies on recyclable water-based adhesive. In order to adhere to a thermoformed package or a PET bottle for the duration of their lifecycle and separate cleanly during recycling, adhesives are developed. Adhesives based on water are available in either pre-mixed solution or dry powder. Many industries use water-borne adhesives, including board, packaging, papermaking, automobiles and electronics and electrical systems. Woodworking and joinery also uses water-borne adhesives. Market share is dominated by the paper, packaging, and board industries.
COVID-19 Impact –
The COVID-19 pandemic has harmed the global water-based adhesive market. The disturbances in supply chain management and transportation of goods and services harmed the growth of the market. Many manufacturing and production units were disrupted due to the government enforced lockdowns and curfews across the world which led to losses and wastage of many water-based adhesive products. The pandemic also significantly changed consumer demand and behavior. Consumers refrained from purchasing non-essential products amid the pandemic thereby impacting the sales of water-based adhesive products.
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The uncertain and unexpected situation caused by the pandemic significantly impacted the market hence, slowing its growth. There was a steep decline in the demand for water-based adhesives due to the lockdowns and travel restrictions in almost all the countries which negatively affected the growth of the market. But the post-pandemic situation has improved. The market has recovered and is set to grow at a high rate.
Market Dynamics –
Water-based adhesives offer a variety of useful properties, such as long-term durability, flexibility, and low cost, all of which propel the market for water-based adhesives to new heights. Another driver of the market’s expansion is the growing demand for vehicles that are both lightweight and low pollutant. However, the water-based adhesive market’s growth has been stifled by a reduced shelf life and the inability to store the product for a longer period. In the near future, the water-based adhesive market will benefit from shifting consumer demand towards sportswear due to an increase in sports activities for the sake of health and fitness.
Market Scope –
An in-depth study of the chemical and material industry, the “Global Water Based Adhesive Market Analysis to 2028” focuses on the global market trend analysis. The report’s goal is to give readers a comprehensive picture of the water-based adhesive market, including a breakdown by resin type, application, and region.
The global market for water-based adhesives is expected to grow at a rapid pace over the next few years. According to this report, leading water-based adhesive manufacturers are analyzed, as well as the market’s current trends and opportunities for growth.
Key Players –
3M Company
DELO Industrial Adhesives
Dow Corning
Evonik Industries
Franklin International
H.B FullerH.B. Fuller
Henkel A.G
Huber Group
Pidilite Industries Ltd.
Sika AG
By Type –
PAE
PVA Emulsion
VAE Emulsion
SB Latex
PUD
By Applications –
Tapes & Labels
Paper & Packaging
Woodworking
Building & Construction
Automotive & Transportation
By Region –
North America Adhesives Market
Europe Adhesives Market
Asia Pacific Adhesives Market
Latin America Adhesives Market
Middle East & Africa Adhesives Market