Insights Into The Water-Based Adhesives Market’s Growth Opportunities Through 2023-2032 – Includes Water-Based Adhesives Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
the stable economic growth forecasted in many developed and developing countries are expected to drive innovation in water-based adhesives manufacturing, thus driving the market during the forecast period.
The global water-based adhesives market is expected to grow from $37.26 billion in 2022 to $41.23 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The global water-based adhesives market size is expected to grow from $60.64 billion in 2027 at a CAGR of 10.1%.
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Global Water-Based Adhesives Market Segments Include:
- 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 Product Type: Vinyl Acetate Adhesives, Starch/Dextrin Adhesives, Rubber Latex Adhesives, Protein/Casein Adhesives, Other Product Types
- By Application: Tapes & Labels, Paper & Packaging, Building & Construction: Automotive & Transportation, Other Applications (consumer & DIY, leather & footwear, sports & leisure, and assembly)
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global water-based adhesives market in 2021.
Major Market Players in the water-based adhesives market include Henkel, H.B. Fuller, Arkema (Bostik), Sika, Dowdupont, DIC, 3M, Illinois Tool Works, Ashland, and Mapei.
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 of possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company, and H.B. Fuller.
The Water-Based Adhesives Global Market Report 2023 provides a water-based adhesives market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The water-based adhesives market forecast analyzes water-based adhesives market size, water-based adhesives market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
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