Waterborne Adhesives Market Globally to register highest growth by 2024

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Waterborne Adhesives Market
Waterborne Adhesives Market

Global Waterborne Adhesives Market: Overview

Natural and soluble synthetic polymers are used to manufacture waterborne adhesives. The natural polymers comprise dextrins, proteins, starch, casein, bones, and hides. The soluble synthetic polymers comprise methylcellulose, polyvinylpyrrolidone, carboxymethylcellulose, polyvinyl alcohol, and cellulose. The waterborne adhesives are delivered as formulated powders that are dry or as a solution that can be mixed with water just before the application. The structure attains the strength after the water gets evaporated or absorbed by the substrate. The waterborne polymers are soluble hence they provide limited moisture resistance, while there are some plant polymers that are not soluble thus providing extended resistance to moisture. The benefits of using waterborne adhesives are that they provide high solid content, high initial adhesion, and low or no solvent content, and thus being eco-friendly.

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Global Waterborne Adhesives Market: Segmentation

The global waterborne adhesives market is segmented into its application, polymer type, product type, and regions. On the basis of application, the water borne adhesives market is broadly categorized into book binding, bag manufacturing, tapes, paper lamination, wood assembly, flooring and construction, lap paste for cans and bottles, and others. Depending on the polymer type the global market is divided into natural polymers and synthetic polymers. Based on the product type, the waterborne adhesives market is segmented into latex, polyvinyl acetate (PVA), acrylics, ethylene vinyl acetate (EVA), and polyurethane (PU). The market is diversified into regions such as Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.

Global Waterborne Adhesives Market: Growth Factors

The major factor driving the waterborne adhesives market is the growing demand of the packaging industry. They are used in packaging tapes, flexible laminations, label applications, office tapes, and food packaging owing to the resistance to heat and chemicals. As waterborne adhesives are non-reactive by nature, they are preferred in food packaging industry. The automotive industry is growing rapidly in the regions and waterborne adhesives are used in the interior structures of the automobiles, hence contributing to the market growth. The advancement in the production of waterborne adhesives and the bio-based waterborne adhesives are providing great opportunities for the market growth. As waterborne adhesives have properties such as high solid content, high adhesion properties, low toxicity, and are also eco-friendly, these are used in various industrial and commercial sectors. The factor that is hampering the market growth is its complex formulation. In comparison to solvent-based adhesives, waterborne adhesives’ formulation process is highly complex.

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Global Waterborne Adhesives Market: Regional Analysis

Asia Pacific is the dominating market for waterborne adhesives owing to the growth of automotive, packaging, and construction industry. The developing countries such as India, Brazil, and China are driven by the automotive industry, giving a boost to the waterborne adhesives market. Along with being the dominant market, Asia Pacific is also the largest producer of waterborne adhesives. China is the country that owns the majority of the production plants owing to the availability of the raw materials and low production cost. North America stands second in the waterborne adhesives market growth. The demand for the waterborne adhesives is primarily in the packaging and automotive industry. Europe stands third in the market in terms of consumption but is second in the production of the waterborne adhesives. The European environmental agencies support the applications of waterborne adhesives as they are less hazardous to the environment.

Global Waterborne Adhesives Market: Competitive Players

Some of the key companies operating in the waterborne adhesives market include Bayer, The Dow Chemical Company, H.B. Fuller, Adhesives Research Inc., Ashland Inc., Bostik Inc., Cyberbond LLC., Super Glue Corporation, Henkel Corporation, BASF SE, Sika AG, 3M, Adco Inc., Avery Dennison Corporation, Beardow & Adams Ltd., Dymax Corporation, and Momentive Specialty Chemicals.

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