Global Water-Based Adhesives Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

11 Oct, 2021

The water-based adhesives market consists of sales of water-based adhesives. Water-based adhesives are formulated either from natural polymers or soluble synthetic polymers which may be supplied as solutions or formulated as dry powders.

Global Water-Based Adhesives Market Size And Drivers:

The global water-based adhesive market is expected to grow from $40.64 billion in 2020 to $43.88 billion in 2021 at a compound annual growth rate (CAGR) of 8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $54.71 billion in 2025 at a CAGR of 6%. The adhesives market growth is aided by stable economic growth forecasted in many developed and developing countries.

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Trends In The Global Water-Based Adhesives Market

Many adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real time insights and locate gaps in the manufacturing process. The data obtained is processed, analyzed and interpreted by plant managers and senior level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers on possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company and H.B. Fuller.

Global Water-Based Adhesives Market Segments:
The global water-based adhesives market is further segmented –
By Type of Resin: Acrylic Polymer Emulsion (PAE), Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate Ethylene (VAE) Emulsion, Styrene Butadiene (SB) Latex, Polyurethane Dispersion (PUD)
By Application: Tapes & Labels, Paper & Packaging, Building & Construction: Automotive & Transportation, Others (Consumer & DIY, Leather & Footwear, Sports & Leisure, and Assembly)
By Product Type: Vinyl Acetate Adhesives, Starch/Dextrin Adhesives, Rubber Latex Adhesives, Protein/Casein Adhesives, Others
By Geography: The global water-based adhesives market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Water-Based Adhesives Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides water-based adhesives market overviews, analyzes and forecasts market size and growth for the global water-based adhesives market, water-based adhesives market share, water-based adhesives market players, water-based adhesives market segments and geographies, water-based adhesives market’s leading competitors’ revenues, profiles and market shares. The water-based adhesives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.