03-Jan-2019 | Zion Market Research
Zion Market Research has published a new report titled “Water-based Adhesive Market by Resin Type (Acrylic Polymer Emulsion (PAE), Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate-Ethylene (VAE) Emulsion, Styrene Butadiene (SB) Latex, Polyurethane Dispersion (PUD), and Others) and by Application (Tapes & Labels, Paper & Packaging, Building & Construction, Woodworking, Automotive & Transportation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024”. According to the report, the global water-based adhesive market was valued at approximately USD 14.43 billion in 2017 and is expected to generate around USD 21.34 billion by 2024, at a CAGR of around 5.7% between 2018 and 2024.
Water-based adhesives are derived from natural polymers and have wide applications across various industries. Water-based adhesives are mostly used to bond different substrates in various applications, such as paper and packaging, tapes and labels, woodworking, building and construction, and automotive and transportation. These adhesives are also used for stamp production, bookbinding, envelope, labeling for alcoholic beverages, etc.
Browse the full “Water-based Adhesive Market by Resin Type (Acrylic Polymer Emulsion (PAE), Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate-Ethylene (VAE) Emulsion, Styrene Butadiene (SB) Latex, Polyurethane Dispersion (PUD), and Others) and by Application (Tapes & Labels, Paper & Packaging, Building & Construction, Woodworking, Automotive & Transportation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024” Report at https://www.zionmarketresearch.com/report/water-based-adhesive-market
Flexibility, low cost, and long-lasting, strong bonds are projected to drive the water-based adhesive market across the globe over the forecast timeframe. Coating, paper lamination, and bottle labeling majorly utilize water-based adhesives, which is expected to drive this market in the upcoming years. The extensive use of adhesives and sealants by the transportation industry is usually driven by fuel efficiency standards. Manufacturers have started replacing metals with composites, plastics and light metals that cannot be assembled with traditional mechanical fastening. Moreover, adhesives help in reducing the overall manufacturing costs, which, in turn, is likely to further drive this market’s expansion in the years ahead.
By resin type, this market includes styrene butadiene (SB) latex, polyvinyl acetate (PVA) emulsion, vinyl acetate-ethylene (VAE) emulsion, polyurethane dispersion (PUD), acrylic polymer emulsion (PAE), and others. Acrylic polymer emulsion contributed a major revenue share in 2017 to this market. Acrylic polymers are water-based emulsions that are used to produce eco-friendly adhesives, which balance the bond strength of peel, shear, and tack. This makes the product essential in a wide range of packaging activities, such as foils, cartons, bookbinding, labels, automobile upholstery, films, paper bags, etc.
By application, this global market includes automotive and transportation, building and construction, paper and packaging, tapes and labels, woodworking, and others. Tapes and labels held the largest market share in 2017, due to their extensive use in medical packaging, automotive and logistics, electrical and electronic devices, and construction materials packaging during transit, drug delivery system, and packaging of consumer and industrial goods.
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa comprise the regional segment of the global water-based adhesive market. North America and Europe held the largest shares of the global water-based adhesive market in 2017, due to the supportive government policies for the use of eco-friendly products. The Asia Pacific water-based adhesive market is projected to register the fastest CAGR over the forecast timeframe, owing to several opportunities for automotive, coating and paints, and packaging industries in emerging countries, such as China and India.
Dow Corning, Evonik Industries AG, DIC, Illinois Tool Works Inc., Huber Group, 3M Company, and Franklin International, Inc. are some leading players of the global water-based adhesive market.
This report segments the global water-based adhesive market into:
Global Water-based Adhesive Market: Resin Type Analysis
Global Water-based Adhesive Market: Application Analysis
Global Water-based Adhesive Market: Regional Analysis
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