Waterbased Adhesive Market Synopsis

Waterbased Adhesive Market Size Was Valued at USD 19.5 Billion in 2023, and is Projected to Reach USD 30.8 Billion by 2032, Growing at a CAGR of 5.9% From 2024-2032.

Liquid adhesives are mainly produced with water as a medium wherein the adhesive characteristics, are only realized upon removal of water. These adhesives are water-based emulsions of polymers such as – acrylics, latex and PVA that ensure powerful bonding Never require toxic solvents. It is used in packaging, paper, construction, automobile, textile and footwear industries since these adhesive are more safer and naturally safer than solvents adhesive. Waterborne adhesives are especially in high demand because they produce low VOC emissions that meet new and stricter standards. Furthermore, they are very useful since they provide the capacity of serving for a long period and also capacity of being adhesive without posing an aspect of health risks and or dangers. For this reason, water-based adhesives are popular in sectors that seek to minimize their impact on the natural environment and still provide the highest levels of performance.

•  The consumption of water based adhesive all over the world has expanded very rapidly in the last few years owing to the change in trend towards cost effective and environmentally friendly adhesives.. Petrochemical is especially packaging industry where water based adhesives is used for corrugated packaging, Labeling and paper based products. These adhesives form part of the woodworking, automotive and construction industries among others where they serve the purpose of bonding woods, plastics and textile materials. In addition, water based adhesives are used in production processes that call for a low toxicity level to meet the food packing standards. Due to this increasing demand together with evolving environmental consciousness, there is a shift towards waterborne adhesives which are replacing the solvent borne ones.
•  Regionally, it has been expanding rapidly in North America and Europe because environmental regulation of emissions of products is very stringent for water based adhesive.. Nevertheless, the Asia-Pacific region is also expected to become an important market because of industrialization and increasing investment in the sectors like packaging and automotive. Manufacturers are also working on enhancing adhesion properties of their products, as well as creating solutions for concrete construction segments of industry. As ecological concerns and the implementation of stricter rules and regulations are ramping up, the water based adhesive market is set for further expansion and development providing multiple opportunities for manufacturers and merchants in a global context.

Waterbased Adhesive Market Trend Analysis

Bio-based Water-based Adhesives

•  A new global trend in the water based adhesive market is the increasing usage of bio based adhesives that are synthesized from natural resources like starch, soy and others natural polymers’.. These bio-based variants do not only diversify the linear use of petrochemical derivatives but also consequent steps to minimize carbon emissions and toxic wastes. Since consumers and various industries look forward to using environment friendly products, producers are developing and producing adhesive materials which offer high performance with natural resources. This trend is in line with the global shift to circular economy systems and desired decrease in the impact of the industries on the environment, for example within the areas of the packaging and automotive industries where sustainability of material choice is critical. Thus, staying at the level of observations of the dynamics of developments in the field of bio-based water adhesives, we may confidently talk about the long-term trend of their impact on the general landscape of the market.

Growing Demand in the Construction Sector

•  There is one major prospect within the water-based adhesive market and this is in construction.. With upliftments in infrastructural demands across the globe and especially with the growing emerging markets, the use of adhesives for insulation, roofing as well as the flooring applications is quickly growing. It is easy to see why waterborne adhesives are preferred for construction purposes: they set quickly, bond strongly and are environmentally friendly; this makes them suitable for bonding a range of materials such as timber, glass and concrete. Also, new more strict environmental laws that regulate volatility organic compounds emissions in construction industry to use safer adhesive. This improvement makes the application of water-based adhesives to rise further as governments around the world embrace green building projects and programs; this situation can be regarded as a good opportunity for manufacturers to expand their market in this promising segment.

Waterbased Adhesive Market Segment Analysis:

Waterbased Adhesive Market Segmented on the basis of Resin Type and application.

By Resin Type, PVA Emulsion segment is expected to dominate the market during the forecast period

•  The following section focuses on the analysis of the global water-based adhesive market based on resin type and presents the forecasts for the leading segment, PVA Emulsion, in terms of its application and adhesive properties.. Of all the PVA emulsions, those based on polyvinyl acetate exhibit remarkable properties in bonding to porous substrates such as paper, wood and fabrics; applications of this product include packaging, woodworking, and textile industries”.
•  Also, PVA based adhesives are water based and non toxic hence meeting the market trend on green adhesives.. Although they are general-purpose adhesives, they have found uses in bookbinding, labels, and envelope adhesives where the latter aspects are vital. The costs and accessibility of PVA emulsions play into their predicted market dominance even as policy practices demanding low-VOC products put pressure on industries to embrace green products. A rapidly growing construction and packaging sector, especially in developing countries, shall further the growth of the PVA emulsion segment and subsequently a material share of water-based adhesive demand in the foresighted horizon.

By Application, Building & Construction segment expected to held the largest share

•  The Building & Construction segment is expected to hold the maximum market share of water based adhesive in the application segment throughout the forecast period due to the growing importance of ecofriendly and efficient bonding solutions for the construction industry.. Wet surface adhesives are particularly applied in floorings, thermal insulation, walling and roofing, it provides good bond on wooden surfaces, concrete, tiles and glasses. These adhesives are especially useful in current building construction since today’s environmental laws allow the use of low VOC and toxic-free products.
•  As the society shifts from countryside to cities and construction developments increases all-over especially to the emerging markets, water borne adhesive finds its way into the market.. Due to their ability to cure fast, and their flexibility, they are widely used in constructions, whether in individual homes, offices or… In addition, the increasing trend towards energy effective construction methods and materials is driving water based adhesives, placing the Building & Construction segment at a superlative position.

Waterbased Adhesive Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

•  By the year 2023, the Asia-Pacific has emerged as the largest consumer of water-based adhesives around the world.. This region is now dominating the market due to industrialization, urbanization and a rising demand for automotive, packaging and construction industries in China, India and Japan. China particularly stands well positioned to benefit from this growth because manufacturing industry is dominant in the country and adhesives are widely used in packaging and construction as well as in other assembly industries. Consequently, the Asia-Pacific region represents slightly over 40% of the market in 2023. Those for this region include lower manufacturing costs due to availability of raw materials and good government support for infrastructure which in turn creates demand for water based adhesives. Also, rising ecological concern coupled with the stringent norms regarding the VOC emission are opening greater market opportunities for eco-friendly adhesive products in the region.

Active Key Players in the Waterbased Adhesive Market

• 3M Company (USA)
• Arkema Group (France)
• Ashland Global Holdings Inc. (USA)
• Avery Dennison Corporation (USA)
• Celanese Corporation (USA)
• DIC Corporation (Japan)
• Dow Inc. (USA)
• Eastman Chemical Company (USA)
• Franklin International (USA)
• H.B. Fuller (USA)
• Henkel AG & Co. KGaA (Germany)
• MAPEI S.p.A. (Italy)
• Pidilite Industries Limited (India)
• Sika AG (Switzerland)
• Wacker Chemie AG (Germany)
• Other key Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Waterbased Adhesive Market by Resin Type
 4.1 Waterbased Adhesive Market Snapshot and Growth Engine
 4.2 Waterbased Adhesive Market Overview
 4.3 PVA Emulsion
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 PVA Emulsion: Geographic Segmentation Analysis
 4.4 PAE
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 PAE: Geographic Segmentation Analysis
 4.5 VAE Emulsion
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 VAE Emulsion: Geographic Segmentation Analysis
 4.6 SB Latex
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 SB Latex: Geographic Segmentation Analysis
 4.7 PUD
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 PUD: Geographic Segmentation Analysis
 4.8 VAA
  4.8.1 Introduction and Market Overview
  4.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.8.3 Key Market Trends, Growth Factors and Opportunities
  4.8.4 VAA: Geographic Segmentation Analysis

Chapter 5: Waterbased Adhesive Market by Application
 5.1 Waterbased Adhesive Market Snapshot and Growth Engine
 5.2 Waterbased Adhesive Market Overview
 5.3 Tapes & Labels
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Tapes & Labels: Geographic Segmentation Analysis
 5.4 Paper & Packaging
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Paper & Packaging: Geographic Segmentation Analysis
 5.5 Woodworking
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Woodworking: Geographic Segmentation Analysis
 5.6 Building & Construction
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Building & Construction: Geographic Segmentation Analysis
 5.7 Automotive
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Automotive: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Waterbased Adhesive Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 3M COMPANY (USA)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 ARKEMA GROUP (FRANCE)
 6.4 ASHLAND GLOBAL HOLDINGS INC(USA)
 6.5 AVERY DENNISON CORPORATION (USA)
 6.6 CELANESE CORPORATION (USA)
 6.7 OTHER ACTIVE PLAYERS

Chapter 7: Global Waterbased Adhesive Market By Region
 7.1 Overview
 7.2. North America Waterbased Adhesive Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Resin Type
  7.2.4.1 PVA Emulsion
  7.2.4.2 PAE
  7.2.4.3 VAE Emulsion
  7.2.4.4 SB Latex
  7.2.4.5 PUD
  7.2.4.6 VAA
  7.2.5 Historic and Forecasted Market Size By Application
  7.2.5.1 Tapes & Labels
  7.2.5.2 Paper & Packaging
  7.2.5.3 Woodworking
  7.2.5.4 Building & Construction
  7.2.5.5 Automotive
  7.2.6 Historic and Forecast Market Size by Country
  7.2.6.1 US
  7.2.6.2 Canada
  7.2.6.3 Mexico
 7.3. Eastern Europe Waterbased Adhesive Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Resin Type
  7.3.4.1 PVA Emulsion
  7.3.4.2 PAE
  7.3.4.3 VAE Emulsion
  7.3.4.4 SB Latex
  7.3.4.5 PUD
  7.3.4.6 VAA
  7.3.5 Historic and Forecasted Market Size By Application
  7.3.5.1 Tapes & Labels
  7.3.5.2 Paper & Packaging
  7.3.5.3 Woodworking
  7.3.5.4 Building & Construction
  7.3.5.5 Automotive
  7.3.6 Historic and Forecast Market Size by Country
  7.3.6.1 Bulgaria
  7.3.6.2 The Czech Republic
  7.3.6.3 Hungary
  7.3.6.4 Poland
  7.3.6.5 Romania
  7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Waterbased Adhesive Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Resin Type
  7.4.4.1 PVA Emulsion
  7.4.4.2 PAE
  7.4.4.3 VAE Emulsion
  7.4.4.4 SB Latex
  7.4.4.5 PUD
  7.4.4.6 VAA
  7.4.5 Historic and Forecasted Market Size By Application
  7.4.5.1 Tapes & Labels
  7.4.5.2 Paper & Packaging
  7.4.5.3 Woodworking
  7.4.5.4 Building & Construction
  7.4.5.5 Automotive
  7.4.6 Historic and Forecast Market Size by Country
  7.4.6.1 Germany
  7.4.6.2 UK
  7.4.6.3 France
  7.4.6.4 Netherlands
  7.4.6.5 Italy
  7.4.6.6 Russia
  7.4.6.7 Spain
  7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Waterbased Adhesive Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Resin Type
  7.5.4.1 PVA Emulsion
  7.5.4.2 PAE
  7.5.4.3 VAE Emulsion
  7.5.4.4 SB Latex
  7.5.4.5 PUD
  7.5.4.6 VAA
  7.5.5 Historic and Forecasted Market Size By Application
  7.5.5.1 Tapes & Labels
  7.5.5.2 Paper & Packaging
  7.5.5.3 Woodworking
  7.5.5.4 Building & Construction
  7.5.5.5 Automotive
  7.5.6 Historic and Forecast Market Size by Country
  7.5.6.1 China
  7.5.6.2 India
  7.5.6.3 Japan
  7.5.6.4 South Korea
  7.5.6.5 Malaysia
  7.5.6.6 Thailand
  7.5.6.7 Vietnam
  7.5.6.8 The Philippines
  7.5.6.9 Australia
  7.5.6.10 New Zealand
  7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Waterbased Adhesive Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Resin Type
  7.6.4.1 PVA Emulsion
  7.6.4.2 PAE
  7.6.4.3 VAE Emulsion
  7.6.4.4 SB Latex
  7.6.4.5 PUD
  7.6.4.6 VAA
  7.6.5 Historic and Forecasted Market Size By Application
  7.6.5.1 Tapes & Labels
  7.6.5.2 Paper & Packaging
  7.6.5.3 Woodworking
  7.6.5.4 Building & Construction
  7.6.5.5 Automotive
  7.6.6 Historic and Forecast Market Size by Country
  7.6.6.1 Turkey
  7.6.6.2 Bahrain
  7.6.6.3 Kuwait
  7.6.6.4 Saudi Arabia
  7.6.6.5 Qatar
  7.6.6.6 UAE
  7.6.6.7 Israel
  7.6.6.8 South Africa
 7.7. South America Waterbased Adhesive Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Resin Type
  7.7.4.1 PVA Emulsion
  7.7.4.2 PAE
  7.7.4.3 VAE Emulsion
  7.7.4.4 SB Latex
  7.7.4.5 PUD
  7.7.4.6 VAA
  7.7.5 Historic and Forecasted Market Size By Application
  7.7.5.1 Tapes & Labels
  7.7.5.2 Paper & Packaging
  7.7.5.3 Woodworking
  7.7.5.4 Building & Construction
  7.7.5.5 Automotive
  7.7.6 Historic and Forecast Market Size by Country
  7.7.6.1 Brazil
  7.7.6.2 Argentina
  7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research