The Water-Based Adhesive Market Size is Projected to Grow From USD 15.3 Billion in 2018 to USD 20.2 Billion by 2023, at a CAGR of 5.7%

DUBLIN, Nov 29, 2018 /PRNewswire/ --

The "Water-based Adhesive Market by Resin Type, Application, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The water-based adhesive market size is projected to grow from USD 15.3 billion in 2018 to USD 20.2 billion by 2023, at a CAGR of 5.7%.

Water-based adhesives are manufactured by the emulsification and polymerization of resins, such as polyvinyl acetate (PVA), vinyl acetate ethylene (VAE), and acrylic polymer emulsion, in water. They are generally free from solvents and hence, are non-toxic and non-flammable. They are mainly used to join porous materials, such as paper, cloth, and wood. These adhesives are environmentally-friendly, which are relatively lower-priced than the other conventional adhesives.

Water-based adhesives are widely used in applications such as tapes & labels, paper & packaging, building & construction, woodworking, and automotive & transportation. The water-based adhesive market has witnessed a high growth due to the demand from the paper & packaging and automotive & transportation applications. Acrylic polymer emulsion, PVA, VAE, Styrene Butadiene (SB) Latex, and PUD are the major resin types of water-based adhesives in the market.

APAC accounts for a major share of the market and is also projected to register the highest CAGR due to rising awareness regarding environmentally-friendly adhesives and growing demand from the automotive and construction industries.

Acrylic polymer emulsion adhesive is the most preferred type of adhesive, which is also expected to grow at the highest growth rate. PUD is also gaining market share with the demand growing higher than those of most adhesive types. These are comparatively more expensive than other water-based adhesives and, hence, the higher price is sometimes a hindrance for the growth of the PUD water-based adhesives.

The major challenge in the water-based adhesive market is the competition from solventless and hot-melt adhesives. The solventless and hot-melt adhesives offer low VOC emissions, have a wide range of applications, and offer better results in joining materials. These adhesives are generally priced higher than water-based adhesives. Various end-users mostly focus on performance over price where durability and quality are required.

Water-based adhesives have several untapped opportunities in the automotive & construction applications. Continuous research & development (R&D) in the enhancement of the mechanical and chemical properties of water-based adhesives can open up a myriad of new applications. For instance, with improved heat resistance properties, they can have many more applications in automotive and packaging. They can also be used in more construction-related applications requiring high bond strength.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities for Market Players
4.2 Water-Based Adhesive Market, By Resin Type
4.3 APAC Water-Based Adhesive Market, By Resin Type and Application
4.4 Water-Based Adhesive Market, By Key Country
4.5 Water-Based Adhesive Market: Developed vs Developing Countries
4.6 APAC Water-Based Adhesive Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Water-Based Adhesives Due to Their Flexibility, Durability, and Economic Feasibility
5.2.1.2 Huge Investments in Emerging Economies of APAC
5.2.1.3 Growing Demand for Lightweight and Low Carbon-Emitting Vehicles
5.2.2 Restraints
5.2.2.1 Lack of Extended Storage Due to the Perishability of Water-Based Adhesives
5.2.2.2 Fluctuating Raw Material Prices
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Green and Sustainable Adhesives
5.2.3.2 Innovations in Water-Based Adhesives
5.2.4 Challenges
5.2.4.1 Stringent Regulatory Policies
5.2.4.2 Competition From Solventless and Hot-Melt Adhesives
5.3 Porter's Five Forces Analysis

6 Water-Based Adhesive Market, By Resin Type
6.1 Introduction
6.2 Acrylic Polymer Emulsion
6.2.1 Acrylic Polymer Emulsion is Widely Preferred in Water-Based Adhesive Formulation
6.3 Polyvinyl Acetate Emulsion
6.3.1 Growth of Polyvinyl Acetate Emulsion is Backed By Demand in the Paper & Packaging Application
6.4 Vinyl Acetate Ethylene Emulsion
6.4.1 VAE Emulsion is One of the Important Synthetic Polymers Used in the Paper & Packaging and Woodworking Applications
6.5 Styrene Butadiene Latex
6.5.1 Styrene Butadiene Segment is Expected to Register A Moderate Growth During the Forecast Period
6.6 Polyurethane Dispersions
6.6.1 PUD is Expected to Register High Growth Due to Strong Demand in Profile Lamination for Interior Decoration
6.7 Others

7 Water-Based Adhesive Market, By Application
7.1 Introduction
7.2 Tapes & Labels
7.2.1 Water-Based Adhesive has High Demand From the Tapes & Labels Application
7.3 Paper & Packaging
7.3.1 Regulations on Food Packaging and Safety Drive the Market in the Paper & Packaging Application
7.4 Woodworking
7.4.1 The Market Growth in Woodworking Application is Attributed to Increasing Demand From Furniture in Emerging Economies
7.5 Building & Construction
7.5.1 Water-Based Adhesives of Synthetic Polymers are Widely Preferred in the Building & Construction Application
7.6 Automotive & Transportation
7.6.1 Stringent OEM Standards Drive the Demand for Water-Based Adhesives in the Automotive & Transportation Application
7.7 Others

8 Water-Based Adhesive Market, By Region
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.1.1 China Accounted for the Largest Share of the Water-Based Adhesive Market in APAC
8.2.2 Japan
8.2.2.1 Japan Experiences A Decline in Growth Due to the Maturity of the Adhesives Market
8.2.3 India
8.2.3.1 India is the Fastest-Growing Water-Based Adhesive Market in APAC and Globally
8.2.4 South Korea
8.2.4.1 The Various Laws and Regulations for the Use of Chemical Substances Drives the Water-Based Adhesive Market
8.2.5 Indonesia
8.2.5.1 Indonesia Experiences Steady Growth Which is Driven By Domestic Consumption and Improved Infrastructural Investments
8.2.6 Taiwan
8.2.6.1 The Easy Availability of Raw Materials and Low Import Taxes are the Major Factors for the Growth of the Economy of Taiwan
8.2.7 Thailand
8.2.7.1 Rapid Industrialization and Increasing Consumer Spending, are Likely to Trigger the Demand for Water-Based Adhesives
8.2.8 Rest of APAC
8.3 Europe
8.3.1 Germany
8.3.1.1 The Demand for Water-Based Adhesives From Germany is High Due to Its Outstanding R&D Capabilities
8.3.2 France
8.3.2.1 The Fast Growth of the Automotive Industry is Expected to Drive the Demand for Water-Based Adhesives
8.3.3 UK
8.3.3.1 Tapes & Labels is One of the Major Applications of Water-Based Adhesives in the UK
8.3.4 Italy
8.3.4.1 The Growth in the Automotive Industry is Expected to Increase the Demand for Water-Based Adhesives
8.3.5 Russia
8.3.5.1 The Financial Sanctions Imposed By the West, Owing to Its Involvement in the Ukraine Crisis, and Falling Oil Prices are Expected to Affect the Economy Negatively
8.3.6 Turkey
8.3.6.1 Turkey is Rapidly Emerging as One of the Fastest-Growing Markets in Europe Due to the Current Economic Revolution
8.3.7 Rest of Europe
8.4 North America
8.4.1 US
8.4.1.1 EPA and Leed Highly Regulate the US Water-Based Adhesive Market
8.4.2 Mexico
8.4.2.1 Automotive & Transportation is Expected to Be the Fastest-Growing Application Segment of the Water-Based Adhesive Market
8.4.3 Canada
8.4.3.1 The Manufacturing and Building & Construction Industries are the Major Consumers of Water-Based Adhesives
8.5 South America
8.5.1 Brazil
8.5.1.1 Brazil Accounted for the Largest Share of the South American Water-Based Adhesive Market
8.5.2 Argentina
8.5.2.1 The High Dependence on Imports is Restraining the Market Growth
8.5.3 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.1.1 Synthetic Polymers are Widely Preferred in Water-Based Adhesive Formulations
8.6.2 Africa
8.6.2.1 Limited Applications of Water-Based Adhesives to Pose A Challenge to the Growth of the Market
8.6.3 Rest of Middle East & Africa

9 Competitive Landscape
9.1 Introduction
9.2 Ranking of Key Players
9.3 Competitive Scenario
9.3.1 Merger & Acquisition
9.3.2 Investment & Expansion
9.3.3 New Product Launch
9.3.4 Partnership & Collaboration

10 Company Profiles
10.1 Henkel
10.2 H.B. Fuller
10.3 Arkema (Bostik)
10.4 Sika
10.5 Dowdupont
10.6 3M
10.7 Illinois Tool Works
10.8 Ashland
10.9 Mapei
10.10 Pidilite Industries
10.11 Other Key Companies
10.11.1 Akzo Nobel
10.11.2 Ppg Industries
10.11.3 Lord Corporation
10.11.4 Scigrip Adhesives
10.11.5 Ardex
10.11.6 Permabond
10.11.7 Paramelt
10.11.8 Jowat
10.11.9 Delo Industrial Adhesives
10.11.10 Falcon Chemicals
10.11.11 Franklin International
10.11.12 Dymax Corporation
10.11.13 The Reynolds Company
10.11.14 Sealock Adhesives
10.11.15 Kleiberit
10.11.16 Beijing Comens New Materials Co., Ltd.

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