What Has Been the Progress and Growth of the Water Based Adhesives Market in Recent Years?
The water based adhesives market has seen considerable growth due to a variety of factors.
• The market size of water-based adhesives has seen impressive expansion in the past few years. Projections indicate a rise from $46.65 billion in 2024 to $52.12 billion in 2025, with a compound annual growth rate (CAGR) of 11.7%.
The expansion during the historic period is attributed to factors such as decreased health hazards, the rise of the packaging industry, growth in woodworking and furniture manufacturing, and consumer preference for sustainable products.
What Can Be Expected from the Water Based Adhesives Market Size?
The water based adhesives market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of water-based adhesives is predicted to experience swift expansion in the upcoming years, reaching a size of $77.02 billion in 2029 with a compound annual growth rate (CAGR) of 10.3%.
The anticipated growth during this forecast period can be credited to eco-friendly and sustainable endeavors, an increase in demand within the construction industry, the growth of flexible packaging, and the advancement of the automotive sector. Key trends for the forecast period encompass the emergence of bio-based water-based adhesives, the development of high-performance formulas, the integration of nanotechnology, and innovations in packaging.
What Are the Critical Driver Fuelling The Water Based Adhesives Market's Growth?
The advancement of the adhesives market is facilitated by the steady economic growth projected in various mature and burgeoning nations. The International Monetary Fund (IMF) foresees the universal real GDP to increase by 3.7% during 2019 and 2020, and 3.6% from 2021 through 2023. The recovering prices of commodities, subsequent to a notable reduction in the historical phase, are also anticipated to assist in the augmentation of the market. It is predicted that mature economies will also witness stable growth throughout the projected period. In addition, emerging markets are anticipated to keep growing at a slightly higher pace than mature markets during this period. For example, Asia’s contribution to global GDP is expected to rise to 40% by 2030 and to 52% by 2050, as per the Asian Development Bank, a local development bank. The anticipated steady economic growth is expected to elevate investments in end-user sectors, thereby propelling the water-based adhesives market during the forecast period.
How Is The Water Based Adhesives Market segmented?
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 Or Dextrin Adhesives, Rubber Latex Adhesives, Protein Or Casein Adhesives, Other Product Types
3) By Application: Tapes And Labels, Paper And Packaging, Building And Construction: Automotive And Transportation, Other Applications (consumer And DIY, leather And Footwear, Sports And leisure, And Assembly)
Subsegments:
1) By Acrylic Polymer Emulsion (PAE): General-Purpose Adhesives, Pressure-Sensitive Adhesives, Packaging Adhesives, Automotive Adhesives, Construction Adhesives
2) By Polyvinyl Acetate (PVA) Emulsion: Woodworking Adhesives, Paper And Packaging Adhesives, Textile Adhesives, Bookbinding Adhesives, White Glue For Crafts
3) By Vinyl Acetate Ethylene (VAE) Emulsion: Flooring Adhesives, Carpet Adhesives, Paper And Packaging Adhesives, Construction Adhesives, Textile Adhesives
4) By Styrene Butadiene (SB) Latex: Carpet Adhesives, Construction Adhesives, Woodworking Adhesives, Automotive Adhesives, Bonding For Laminates And Composites
5) By Polyurethane Dispersion (PUD): Footwear Adhesives, Automotive Adhesives, Leather Adhesives, Furniture And Wood Adhesives, Textile Adhesives
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What Emerging Trends Are Influencing The Growth Of The Water Based Adhesives Market?
A multitude of glue-producing businesses are progressively leveraging IoT (Internet of Things) to connect machinery and intelligent gadgets, allowing them to acquire real-time data and identify deficiencies in the production process. Plant managers and high-ranking officials process, analyze and interpret this data to enhance product quality and reach maximum production rates. For example, sophisticated systems provide details about the operational state and performance of chemical reactors. They have inbuilt software and analytics tools which alert plant operators and managers about potential machinery failures. Companies like BASF SE, The Dow Chemical Company, and H.B. Fuller are amongst the major ones utilizing IoT.
Who Are the Key Players In The Water Based Adhesives Market?
Major companies operating in the water-based adhesives market include:
• 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
What Is The Most Dominant Region In The Water Based Adhesives Market?
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.
