Global water based
adhesive market is projected to grow from $ 15 billion in 2018 to $ 20 billion
by 2024, exhibiting a CAGR of 5.8% during the forecast period. Growth of
various applications including packaging, woodwork, and tapes & labels is
fueling the demand for water based adhesives. However, lack of extended storage,
owing to the short shelf life of water based adhesives is expected to hinder
market growth.
Global
water based adhesive market has been categorized into resin type, application
and region. Based on resin type, the market has been segmented into polyvinyl
acetate (PVA) emulsion, vinyl acetate ethylene (VAE) emulsion, styrene
butadiene (SB) latex, and others. Acrylic polymer emulsion (PAE) segment is
anticipated to account for a major market share during the forecast period.
Acrylic polymer emulsion is an eco-friendly adhesive, which offers adequate
balance between tack, shear and peel strength of the bond. It is extensively
preferred in numerous packaging applications, such as bookbinding, paper bags,
cartons, labels, films, foils, paperboard decals, wood assembly, leather
binding and automobile upholstery. Based on application, the market has been segmented
into tapes & labels, automotive & transportation, building &
construction and woodwork. Among these, tapes & labels segment is anticipated
to emerge as the fastest-growing application of water based adhesives during
the forecast period, owing to its use in
medium and heavy-duty carton sealing, decoration, general purpose repair,
strapping & bundling and stationery. Tapes & labels are predominantly used
in the packaging of electrical & electronic devices, medical packaging, drug
delivery system packaging and construction materials packaging during transit, in
addition to automotive and logistics related packaging and packaging of industrial
and consumer goods.
APAC
water based adhesive market is anticipated to register highest CAGR during the
forecast period. The water based
adhesive market in the APAC region has been segmented into Japan, India, China,
South Korea, Indonesia, Taiwan, Thailand and rest of APAC. Owing to the
fastest-growing markets of China, India and other APAC countries, industries including
paper & packaging, woodwork, building & construction, and automotive
& transportation are anticipated to flourish over the next decade. Since water
based adhesives have extensive applications in these industries, its market in the
region is anticipated to register strong growth in coming years.
Some
of the leading companies operating in global water based adhesive market are Henkel, H.B. Fuller, Arkema (Bostik), Sika, Dowdupont, 3M,
Illinois Tool Works, Ashland, Mapei and Pidilite Industries.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the
Study:
- To analyze and forecast global water based adhesive
market size.
- To forecast global water based adhesive market based on resin type,
application and regional distribution.
- To identify drivers and challenges for global water
based adhesive market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
water based adhesive market.
- To conduct the pricing analysis for water
based adhesive market.
- To identify and analyze the profile of leading
players involved in the manufacturing of water based adhesive.
Click here to download the brochure
Some of the leading players in global
water based adhesive market are Henkel, H.B. Fuller, Arkema (Bostik), Sika,
Dowdupont, 3M, Illinois Tool Works, Ashland, Mapei and Pidilite Industries.
TechSci Research performed both
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of leading manufacturers across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the product offerings,
distribution channels and presence of all major players operating in global water based adhesive market.
TechSci Research calculated global water based adhesive market using a top-down approach, where data for various end-user
segments was recorded and forecast
for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through
analyzing historical data of these product types and applications for getting
an appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target
Audience:
- Water based Adhesive (EPS) manufacturers
and suppliers
- Government and other
regulatory bodies
- Research institutes and organizations
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for industry stakeholders such
as manufacturers and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global water based adhesive
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Market, by Resin Type:
- Polyvinyl Acetate (PVA) Emulsion
- Vinyl Acetate Ethylene (VAE)
Emulsion
- Styrene Butadiene (SB) Latex
- Acrylic Polymer Emulsion (PAE)
- Others
- Market, by Application:
- Tapes & Labels
- Paper & Packaging
- Woodwork
- Building & Construction
- Automotive & Transportation
- Market, by Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Europe
- United Kingdom
- Italy
- France
- Germany
- Russia
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in global water based adhesive market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of
direct and indirect sales channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com