Water-Based Adhesive Market Size, Share, Key Players, Growth Factors and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Water-based Adhesive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global water-based adhesive market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the water-based adhesive market?

The global water-based adhesive market size reached US$ 20.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.39% during 2023-2028.

What is Water-based Adhesive?

Water-based adhesives represent adhesives that are formulated using soluble synthetic or natural polymers. They function by developing strong bonding capabilities as the water evaporates or is soaked by the substrate. This includes porous and non-porous substrates, including paper, cardboard, wood, metal, plastic, etc. They are a safer and more cost-effective alternative to solvent-based adhesives, as these adhesives do not release dangerous fumes or chemicals into the air, require less equipment for the application, and have a lower flammability risk. Consequently, these adhesives have extensive applications in laminating, labeling, and bonding purposes.

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What are the growth prospects and trends in the water-based adhesive industry?

The escalating demand for these adhesives in numerous end-use industries, on account of the growing environmental concerns, and the rising emphasis on sustainable development and reduced operational costs are among the key factors driving the water-based adhesives market. Moreover, the implementation of stringent regulatory norms limiting the use of harmful chemicals in adhesives, particularly in the medical devices and food and beverage (F&B) packaging sector, is also stimulating the global market. Besides this, continuous technological advancements in the product formulation offering improved adhesion durability and flexibility are acting as significant growth-induing factors. Furthermore, the increasing number of construction and infrastructure development activities across the globe is further propelling the market growth. Apart from this, the rising product usage in the bonding of several metal and plastic substrates in the automotive sector is positively influencing the global market. Additionally, the expanding chemical processing industry is also fueling the market growth. In addition to this, increasing e-commerce consumer goods packaging applications and extensive research and development (R&D) activities conducted by key players are anticipated to fuel the water-based adhesives market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Resin Type:

• Acrylic Polymer Emulsion (PAE)
• Polyvinyl Acetate (PVA) Emulsion
• Vinyl Acetate Ethylene (VAE) Emulsion
• Styrene Butadiene (SB) Latex
• Polyurethane Dispersion (PUD)
• Others

Breakup by Application:

• Tapes and Labels
• Paper and Packaging
• Building and Construction
• Woodworking
• Automotive and Transportation
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• 3M Company
• Arkema
• Bond Tech Industries Inc.
• DuPont de Nemours, Inc.
• Evonik Industries AG
• H.B. Fuller Company
• Henkel AG and Co
• KgaA, MAPEI S.p.A.
• Pidilite Industries Ltd.
• Sika AG
• Weilburger Coatings GmbH, etc.

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