Water-based Adhesive Market Size, Share, Trends, Growth 2032

Water-based Adhesive Market: Industry Perspective

The global water-based adhesive market size was worth around USD 20.64 billion in 2023 and is predicted to grow to around USD 33.42 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.50% between 2024 and 2032. 

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The study includes drivers and restraints for the water-based adhesive market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the water-based adhesive market on a global level.

Water-based Adhesive Market: Growth Drivers

Water-based adhesives are derived from natural polymers and have wide applications across various industries. For instance, water-based adhesives obtained from animals are ideal for rapid applications, whereas the process of bookbinding uses water-based adhesives obtained from starch-based vegetables. Water-based adhesives are mostly used to bond different substrates in various applications, such as paper and packaging, tapes and labels, woodworking, building and construction, and automotive and transportation. These adhesives are also used for stamp production, bookbinding, envelope, labeling for alcoholic beverages, etc. Flexibility, low cost, and long-lasting, strong bonds are projected to drive the water-based adhesive market across the globe over the forecast timeframe.

Water-based adhesive is free from solvents and safe for areas with not much ventilation usage, like classrooms. Coating, paper lamination, and bottle labeling majorly utilize water-based adhesives, which is expected to drive this market in the upcoming years. The extensive use of adhesives and sealants by the transportation industry is usually driven by fuel efficiency standards. Manufacturers have started replacing metals with composites, plastics and light metals that cannot be assembled with traditional mechanical fastening.

Adhesives assemble various layers and provide heat shielding and adequate bonding strength to replace mechanical fasteners. Manufacturers and assemblers are using adhesives due to their several beneficial properties, such as superior product performance, reliability, and durability. Moreover, adhesives help in reducing the overall manufacturing costs, which, in turn, is likely to further drive this market’s expansion in the years ahead.

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In order to give the users of this report a comprehensive view of the water-based adhesive market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and the product portfolio of various companies.

Water-based Adhesive Market: Segmentation

The study provides a decisive view of the water-based adhesive market by segmenting the market based on resin type, application.

By resin type, this market includes styrene butadiene (SB) latex, polyvinyl acetate (PVA) emulsion, vinyl acetate-ethylene (VAE) emulsion, polyurethane dispersion (PUD), acrylic polymer emulsion (PAE), and others. By application, this global market includes automotive and transportation, building and construction, paper and packaging, tapes and labels, woodworking, and others.

Water-based Adhesive Market : Report Scope

Water-based Adhesive Market: Regional Analysis

The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa.

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa comprise the regional segment of the global water-based adhesive market. North America and Europe held the largest shares of the global water-based adhesive market in 2017, due to the supportive government policies for the use of eco-friendly products. The Asia Pacific water-based adhesive market is projected to register the fastest CAGR over the forecast timeframe, owing to several opportunities for automotive, coating and paints, and packaging industries in emerging countries, such as China and India.

Water-based Adhesive Market: Competitive Analysis

The global water-based adhesive market is dominated by players like:

• Dow Corning
• Evonik Industries AG
• DIC
• Illinois Tool Works Inc
• Huber Group
• 3M Company
• Franklin International Inc

This report segments the global water-based adhesive market into:

Global Water-based Adhesive Market: Resin Type Analysis

• Acrylic Polymer Emulsion (PAE)
• Polyvinyl Acetate (PVA) Emulsion
• Vinyl Acetate-Ethylene (VAE) Emulsion
• Styrene Butadiene (SB) Latex
• Polyurethane Dispersion (PUD)
• Others

Global Water-based Adhesive Market: Application Analysis

• Tapes and Labels
• Paper and Packaging
• Building and Construction
• Woodworking
• Automotive and Transportation
• Others

Global Water-based Adhesive Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa