Water-based Adhesive Market - Global Forecast to 2023: Opportunities in the Increasing Demand for Green and Sustainable Adhesives

Thursday, 29. November 2018 17:22

Dublin, Nov. 29, 2018 (GLOBE NEWSWIRE) -- The "Water-based Adhesive Market by Resin Type, Application, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The water-based adhesive market size is projected to grow from USD 15.3 billion in 2018 to USD 20.2 billion by 2023, at a CAGR of 5.7%.

The increasing demand from various applications such as tapes & labels, paper & packaging, woodworking, building & construction, automotive & transportation; and stringent government regulations in the chemical industry are expected to drive the water-based adhesive market. However, the fluctuating prices of raw materials might adversely affect the overall cost of production for water-based adhesive manufacturers.

The polyurethane dispersion segment is projected to register the highest CAGR in the water-based adhesive market during the forecast period.

The polyurethane dispersion segment of the market is projected to register the highest CAGR, in terms of volume and value, between 2018 and 2023. PUD is widely used for profile lamination in interior decoration due to its excellent resistance to solvent, high cohesive strength, good impact, and abrasion resistance.

The water-based adhesive market in the automotive & transportation application is projected to register the highest CAGR during the forecast period.

The market in the automotive & transportation application is projected to register the highest CAGR, in terms of volume and value, between 2018 and 2023, due to the stringent government regulations regarding indoor air quality in passenger vehicles and stringent automotive OEM standards. The increasing need to bond different lightweight materials without compromising on the bonding strength and reduction in CO2 emission are expected to drive the water-based adhesive market in this application during the forecast period.

The APAC water-based adhesive market is projected to register the highest CAGR during the forecast period.

APAC is the world's fastest-growing water-based adhesive market, driven mainly by the booming economies such as China, India, and a few smaller ones, such as South Korea, Vietnam, Taiwan, and Indonesia. The region experiences high demand from the paper & packaging and woodworking applications.

The improving economic condition, focus on R&D projects to innovate products, and increasing demand from various application have fueled the demand for water-based adhesives in APAC. The region has a low cost of production, improved ability to serve the emerging local markets, and potential growth opportunities, therefore major manufacturers are focusing on this region to earn significant profits.

The report also discusses competitive strategies adopted by market players such as Henkel (Germany), H.B. Fuller (US), Arkema (Bostik) (France), and Sika (Switzerland), among others.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities for Market Players
4.2 Water-Based Adhesive Market, By Resin Type
4.3 APAC Water-Based Adhesive Market, By Resin Type and Application
4.4 Water-Based Adhesive Market, By Key Country
4.5 Water-Based Adhesive Market: Developed vs Developing Countries
4.6 APAC Water-Based Adhesive Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Water-Based Adhesives Due to Their Flexibility, Durability, and Economic Feasibility
5.2.1.2 Huge Investments in Emerging Economies of APAC
5.2.1.3 Growing Demand for Lightweight and Low Carbon-Emitting Vehicles
5.2.2 Restraints
5.2.2.1 Lack of Extended Storage Due to the Perishability of Water-Based Adhesives
5.2.2.2 Fluctuating Raw Material Prices
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Green and Sustainable Adhesives
5.2.3.2 Innovations in Water-Based Adhesives
5.2.4 Challenges
5.2.4.1 Stringent Regulatory Policies
5.2.4.2 Competition From Solventless and Hot-Melt Adhesives
5.3 Porter's Five Forces Analysis

6 Water-Based Adhesive Market, By Resin Type
6.1 Introduction
6.2 Acrylic Polymer Emulsion
6.2.1 Acrylic Polymer Emulsion is Widely Preferred in Water-Based Adhesive Formulation
6.3 Polyvinyl Acetate Emulsion
6.3.1 Growth of Polyvinyl Acetate Emulsion is Backed By Demand in the Paper & Packaging Application
6.4 Vinyl Acetate Ethylene Emulsion
6.4.1 VAE Emulsion is One of the Important Synthetic Polymers Used in the Paper & Packaging and Woodworking Applications
6.5 Styrene Butadiene Latex
6.5.1 Styrene Butadiene Segment is Expected to Register A Moderate Growth During the Forecast Period
6.6 Polyurethane Dispersions
6.6.1 PUD is Expected to Register High Growth Due to Strong Demand in Profile Lamination for Interior Decoration
6.7 Others

7 Water-Based Adhesive Market, By Application
7.1 Introduction
7.2 Tapes & Labels
7.2.1 Water-Based Adhesive has High Demand From the Tapes & Labels Application
7.3 Paper & Packaging
7.3.1 Regulations on Food Packaging and Safety Drive the Market in the Paper & Packaging Application
7.4 Woodworking
7.4.1 The Market Growth in Woodworking Application is Attributed to Increasing Demand From Furniture in Emerging Economies
7.5 Building & Construction
7.5.1 Water-Based Adhesives of Synthetic Polymers are Widely Preferred in the Building & Construction Application
7.6 Automotive & Transportation
7.6.1 Stringent OEM Standards Drive the Demand for Water-Based Adhesives in the Automotive & Transportation Application
7.7 Others

8 Water-Based Adhesive Market, By Region
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.1.1 China Accounted for the Largest Share of the Water-Based Adhesive Market in APAC
8.2.2 Japan
8.2.2.1 Japan Experiences A Decline in Growth Due to the Maturity of the Adhesives Market
8.2.3 India
8.2.3.1 India is the Fastest-Growing Water-Based Adhesive Market in APAC and Globally
8.2.4 South Korea
8.2.4.1 The Various Laws and Regulations for the Use of Chemical Substances Drives the Water-Based Adhesive Market
8.2.5 Indonesia
8.2.5.1 Indonesia Experiences Steady Growth Which is Driven By Domestic Consumption and Improved Infrastructural Investments
8.2.6 Taiwan
8.2.6.1 The Easy Availability of Raw Materials and Low Import Taxes are the Major Factors for the Growth of the Economy of Taiwan
8.2.7 Thailand
8.2.7.1 Rapid Industrialization and Increasing Consumer Spending, are Likely to Trigger the Demand for Water-Based Adhesives
8.2.8 Rest of APAC
8.3 Europe
8.3.1 Germany
8.3.1.1 The Demand for Water-Based Adhesives From Germany is High Due to Its Outstanding R&D Capabilities
8.3.2 France
8.3.2.1 The Fast Growth of the Automotive Industry is Expected to Drive the Demand for Water-Based Adhesives
8.3.3 UK
8.3.3.1 Tapes & Labels is One of the Major Applications of Water-Based Adhesives in the UK
8.3.4 Italy
8.3.4.1 The Growth in the Automotive Industry is Expected to Increase the Demand for Water-Based Adhesives
8.3.5 Russia
8.3.5.1 The Financial Sanctions Imposed By the West, Owing to Its Involvement in the Ukraine Crisis, and Falling Oil Prices are Expected to Affect the Economy Negatively
8.3.6 Turkey
8.3.6.1 Turkey is Rapidly Emerging as One of the Fastest-Growing Markets in Europe Due to the Current Economic Revolution
8.3.7 Rest of Europe
8.4 North America
8.4.1 US
8.4.1.1 EPA and Leed Highly Regulate the US Water-Based Adhesive Market
8.4.2 Mexico
8.4.2.1 Automotive & Transportation is Expected to Be the Fastest-Growing Application Segment of the Water-Based Adhesive Market
8.4.3 Canada
8.4.3.1 The Manufacturing and Building & Construction Industries are the Major Consumers of Water-Based Adhesives
8.5 South America
8.5.1 Brazil
8.5.1.1 Brazil Accounted for the Largest Share of the South American Water-Based Adhesive Market
8.5.2 Argentina
8.5.2.1 The High Dependence on Imports is Restraining the Market Growth
8.5.3 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.1.1 Synthetic Polymers are Widely Preferred in Water-Based Adhesive Formulations
8.6.2 Africa
8.6.2.1 Limited Applications of Water-Based Adhesives to Pose A Challenge to the Growth of the Market
8.6.3 Rest of Middle East & Africa

9 Competitive Landscape
9.1 Introduction
9.2 Ranking of Key Players
9.3 Competitive Scenario
9.3.1 Merger & Acquisition
9.3.2 Investment & Expansion
9.3.3 New Product Launch
9.3.4 Partnership & Collaboration

10 Company Profiles
10.1 Henkel
10.2 H.B. Fuller
10.3 Arkema (Bostik)
10.4 Sika
10.5 Dowdupont
10.6 3M
10.7 Illinois Tool Works
10.8 Ashland
10.9 Mapei
10.10 Pidilite Industries
10.11 Other Key Companies
10.11.1 Akzo Nobel
10.11.2 Ppg Industries
10.11.3 Lord Corporation
10.11.4 Scigrip Adhesives
10.11.5 Ardex
10.11.6 Permabond
10.11.7 Paramelt
10.11.8 Jowat
10.11.9 Delo Industrial Adhesives
10.11.10 Falcon Chemicals
10.11.11 Franklin International
10.11.12 Dymax Corporation
10.11.13 The Reynolds Company
10.11.14 Sealock Adhesives
10.11.15 Kleiberit
10.11.16 Beijing Comens New Materials Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/c98vms/waterbased?w=12

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Related Topics: Adhesives and Sealants 

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