Waterborne Adhesives Market Size, Share, Growth Report 2032

Waterborne Adhesives Market

Waterborne Adhesives Market by Formulation (Natural Polymers and Soluble Synthetic Polymers), by Type (Starch/Dextrin Adhesives, Protein/Casein Adhesives, Resin/Polymer Acetate Adhesives, Latex Adhesives and Others), by Bond Formation (Wet Bonding Waterborne Adhesives and Water Based Contact adhesives), by Application (Bookbinding, Paper and Packaging, Construction, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Chemical & Materials Report Format : PDF Pages: 120 Report Code: ZMR-498 Published Date: May-2021 Status : Published

Global waterborne adhesives market size accounted for $12.10 Billion in 2020 and is expected to reach $18.17 Billion by 2028, growing at a CAGR of 5.7%.

Global Waterborne Adhesives Market Overview

The global waterborne adhesives market accounted for USD 12.10 Billion in 2020 and is expected to reach USD 18.17 Billion by 2028, growing at a CAGR of 5.7% from 2021 to 2028.

Waterborne adhesives, also known as water-based adhesives, use water as a diluents rather than a volatile organic solvent. They are used as a cost-effective and environmentally friendly alternative to solvent-based adhesives. Waterborne adhesives are designed specifically to provide an effective combination of fast, heat-resistant bonding, high ultimate strength, and repositionability. High demand from industries like paper and packaging, woodworking, building and construction, and automotive and transportation coupled with the increasing demand for environmental friendly product, are driving growth for waterborne adhesives. The shift toward more sustainable products has provided the manufacturers with significant growth opportunities. Adoption of new technologies for the formulation of innovative solutions of adhesives gives an opportunity for the development of green and sustainable adhesive solutions.

Waterborne Adhesives Market SizeRequest Free Sample

COVID-19 Impact Analysis

The COVID pandemic affected various industries in different capacities and as a result, the consumption of waterborne adhesives varied based on its application. As the manufacturing and the construction sectors witnessed few setbacks it impacted the consumption of waterborne adhesives in the packaging of electronic and electrical devices, the packaging of construction materials during transit and packaging related to automotive and logistics. Consumption of these adhesives increased in applications like hygiene and medical packaging, packaging of drug delivery system and packaging of consumer and industrial goods.

Growth Factors

Waterborne adhesives are derived from renewable materials, such as plants, and have no petroleum derivatives in their formulations. This increases their demand as environmentally friendly substitutes over solvent based adhesives.

In addition to a decreased carbon footprint, they further enhance overall sustainability content for many applications including case and carton sealing, paper lamination, etc. This has resulted in the increased use of waterborne adhesives in activities that have applications in the packaging and logistics sectors.

Report Scope:

Waterborne Adhesives MarketRequest Free Sample

Formulation Segment Analysis Preview

Water-based adhesives formulated using natural polymers segment held a share of around 40% in 2020. This can be attributed to their increased application in paper and packaging, bottle labeling, wallpaper pasting, etc applications. Natural Polymers include Dextrin, Starch, Casein, and Natural Rubber Latex. These adhesives are typically rolled or brushed. They work very well when the materials being bonded are paper. When it comes to sheet laminations, dextrin and starches are particularly useful. These materials can be designed to have excellent lay-flat and repositionability, which are important characteristics for larger laminations. They are also safer to use and better for the environment than solvent alternatives.

Waterborne Adhesives Market GrowthRequest Free Sample

Application Segment Analysis Preview

The paper and packaging segment will grow at a CAGR of around 4% from 2021 to 2028. This is attributable to the increased use of adhesives in a variety of paper bonding applications. Corrugated box construction and the lamination of written sheaths are just a few of the applications in packaging. These applications involve everything from corrugated box manufacturing and printed sheet lamination to consumer product packaging to the development of massive industrial tubes and cores used by roll goods and other commodity manufacturers.

Regional Analysis Preview

The European region held a share of over 20% in 2020. This is attributable to the demand for water-based adhesives in Europe, led by the United Kingdom, Germany, Spain, and France, is expected to rise strongly due to increased demand in the manufacturing, vehicle, and military sectors. The increase in urban population and the number of refugees has boosted business demand even further. The increasing growth of the furniture industry in the United Kingdom as a result of low-cost, high-quality furniture being sold to consumers have accelerated the growth of the water-based adhesive market.

Waterborne Adhesives Market AnalysisRequest Free Sample

Asia Pacific region is projected to grow at a CAGR of around 5% over the forecast period. This is attributable to the industrialization in the emerging economies like India, South Korea, and China. The growing demand for environmentally friendly products, as well as the presence of major players in packaging, construction, and electronics, has driven the growth of water-based adhesive market in the region.

Key Market Players & Competitive Landscape

Some of key players in waterborne adhesives market are 3M Company, DELO Industrial Adhesives, Dow Corning, Evonik Industries, Franklin International, H.B Fuller, Henkel A.G, Huber Group, Pidilite Industries Ltd., and Sika AG among others. 

Many adhesive of these players are using Internet of Things (IoT) technology to connect equipment and mobile devices in order to gain real-time insights and identify manufacturing process shortcomings. Plant managers and senior management process, analyze, and evaluate the data in order to maximize productivity and reach optimal output levels.

Pidilite Industries, an Indian adhesives manufacturer, purchased Huntsman Corporation for USD 285.7 Million in November 2020. This purchase will contribute to Pidilite Industries already strong adhesives and sealants range, as well as compliment Pidilite Industries' market offerings. Huntsman Corporation is a chemical component producer and marketer based in the United States.

The global waterborne adhesives market is segmented as follows:

By Formulation

  • Natural Polymers
  • Soluble Synthetic Polymers

By Type

  • Starch/Dextrin Adhesives
  • Protein/Casein Adhesives
  • Resin/Polymer Acetate Adhesives
  • Latex Adhesives
  • Others

By Bond Formation

  • Wet Bonding Waterborne Adhesives
  •  Water Based Contact adhesives

By Application

  • Bookbinding
  • Paper and Packaging
  • Construction
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The global waterborne adhesives market was valued at USD 12.10 Billion in 2020.

The global waterborne adhesives market is expected to reach USD 18.17 Billion by 2028, growing at a CAGR of 5.7% between 2021 to 2028.

Some of the key factors driving the global waterborne adhesives market growth high demand from industries like paper and packaging, woodworking, building and construction, and automotive and transportation coupled with the increasing demand for environmental friendly products.

Asia Pacific region is projected to grow at notable over the forecast period. This is attributable to the industrialization in the emerging economies like India, South Korea, and China. The growing demand for environmentally friendly products, as well as the presence of major players in packaging, construction, and electronics, has driven the growth of water-based adhesive market in the region.

Some of the major companies operating in the waterborne adhesives market 3M Company, DELO Industrial Adhesives, Dow Corning, Evonik Industries, Franklin International, H.B Fuller, Henkel A.G, Huber Group, Pidilite Industries Ltd. and Sika AG, among others.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed