Global Water-Based Adhesives Market Growth 2024, Forecast To 2033
22 Jan, 2024
The water-based adhesives market has experienced rapid growth, rising from $41.61 billion in 2023 to $46.32 billion in 2024, reflecting an 11.3% CAGR. Historical drivers include reduced health risks, packaging industry growth, woodworking, and furniture production, coupled with consumer demand for sustainable products. Projections suggest rapid growth, reaching $69.61 billion by 2028, with a 10.7% CAGR. The forecasted period attributes growth to green initiatives, construction demand, flexible packaging expansion, and automotive sector growth. Major trends include bio-based adhesives, high-performance formulations, nanotechnology integration, and packaging innovation.
Global Water-Based Adhesives Market Key Driver
The adhesives market is set to grow, propelled by stable economic forecasts in both developed and developing countries. The International Monetary Fund (IMF) projects global real GDP growth at 3.7% from 2019 to 2020 and 3.6% from 2021 to 2023. Recovering commodity prices further support this growth. Developed economies are expected to exhibit steady growth, while emerging markets, as per the Asian Development Bank, are anticipated to outpace developed markets. Asia's share of world GDP is projected to rise to 40% by 2030 and 52% by 2050. This stable economic growth is anticipated to drive investments, boosting the water-based adhesives market.
Get A Free Sample Of The Global Water-Based Adhesives Market ReportGlobal Water-Based Adhesives Market Segments
The water-based adhesives market covered in this report is segmented –
1) By Type of Resin: Acrylic Polymer Emulsion (PAE), Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate Ethylene (VAE) Emulsion, Styrene Butadiene (SB) Latex, Polyurethane Dispersion (PUD)
2) By Product Type: Vinyl Acetate Adhesives, Starch/Dextrin Adhesives, Rubber Latex Adhesives, Protein/Casein Adhesives, Other Product Types
3) By Application: Tapes & Labels, Paper & Packaging, Building & Construction: Automotive & Transportation, Other Applications (consumer & DIY, leather & footwear, sports & leisure, and assembly)
By Geography: The regions covered in the water-based adhesives market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the water-based adhesives market in 2023. North America was the second-largest region in the global water-based adhesives market share. The regions covered in the water-based adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Water-Based Adhesives Industry Players
Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Inc., Sika AG, DuPont de Nemours Inc., DIC Corporation, 3M Company, Illinois Tool Works Inc., Ashland Inc., Mapei SPA, Pidilite Industries Ltd., Franklin International Inc., Huber Group, Alfa International Corporation, Akzo Nobel NV, PPG Industries Inc., Evonik Industries AG, Avery Dennison Corporation, Bayer Material Science, Lord Corporation, Ardex Group, Permabond LLC, Paramelt BV, Jowat SE, Aqua Based Technologies, Technical Adhesives Limited, Ellsworth Adhesives, Nadco Tapes and Labels Inc., Royal Adhesives & Sealants LLC, Eastman Chemical Company, Hexion Inc., Huntsman Corporation, Master Bond Inc., Momentive Performance Materials Inc., RPM International Inc., BASF SE
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Water-Based Adhesives Market Overview
Water-based adhesives are adhesives formulated either from natural polymers or soluble synthetic polymers, which may be supplied as solutions or formulated as dry powders. The water-based adhesives use a combination of water, polymers, and additives and ideal for both porous and non-porous substrates.
Water-Based Adhesives Global Market Report 2023 provides data on the global water-based adhesives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The water-based adhesives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.