Water-Based Adhesives Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends
Water-Based Adhesives Market Growth Outlook Through 2024-2033
Global Water-Based Adhesives Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth
Water-Based Adhesives Market Competitve Landscape 2024-2033 – Major Players and Strategies
Global Water-Based Adhesives Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions
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Overview and Scope
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.
Sizing and Forecast
The water-based adhesives market size has grown rapidly in recent years. It will grow from <b>$41.61 billion in 2023 to $46.32 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. </b> The growth in the historic period can be attributed to reduced health risks, packaging industry growth, woodworking and furniture production, consumer demand for sustainable products.
The water-based adhesives market size is expected to see rapid growth in the next few years. It will grow to <b>$69.61 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. </b> The growth in the forecast period can be attributed to green and sustainable initiatives, rising demand in construction, flexible packaging expansion, automotive sector growth. Major trends in the forecast period include bio-based water-based adhesives, high-performance formulations, nanotechnology integration, packaging innovation.
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Segmentation & Regional Insights
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/Dextrin Adhesives, Rubber Latex Adhesives, Protein/Casein Adhesives, Other Product Types
3) By Application: Tapes & Labels, Paper & Packaging, Building & Construction: Automotive & Transportation, Other Applications (consumer & DIY, leather & footwear, sports & leisure, and assembly)
<b>Asia-Pacific</b> was the largest region in the water-based adhesives market in 2023. <b>North America</b> 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.
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Major Driver Impacting Market Growth
The adhesives market’s growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global real GDP growth will be 3.7% over 2019 and 2020 and 3.6% from 2021 to 2023. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market’s growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. For instance, according to the Asian Development Bank, a regional development bank, Asia’s share of world GDP is expected to increase to 40% by 2030 and 52% by 2050. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the water-based adhesives market during the forecast period.
Key Industry Players
Major companies operating in the water-based adhesives market include <b> 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 </b>
The water-based adhesives market report table of contents includes:
1. Executive Summary
2. Water-Based Adhesives Market Characteristics
3. Water-Based Adhesives Market Trends And Strategies
4. Water-Based Adhesives Market – Macro Economic Scenario
5. Global Water-Based Adhesives Market Size and Growth
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31. Global Water-Based Adhesives Market Competitive Benchmarking
32. Global Water-Based Adhesives Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Water-Based Adhesives Market
34. Water-Based Adhesives Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Henkel AG & Co. KGaA
H.B. Fuller Company
Sika AG
DuPont de Nemours Inc
DIC Corporation
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