New York, NY, Jan. 04, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Water-based Adhesive Market by Resin Type (Acrylic Polymer Emulsion (PAE), Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate-Ethylene (VAE) Emulsion, Styrene Butadiene (SB) Latex, Polyurethane Dispersion (PUD), and Others) and by Application (Tapes & Labels, Paper & Packaging, Building & Construction, Woodworking, Automotive & Transportation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024” . According to the report, the global water-based adhesive market was valued at approximately USD 14.43 billion in 2017 and is expected to generate around USD 21.34 billion by 2024, at a CAGR of around 5.7% between 2018 and 2024.
Water-based adhesives are derived from natural polymers and have wide applications across various industries. 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.
Browse through 72 Tables & 29 Figures spread over 110 Pages and in-depth TOC on “Global Water-based Adhesive Market: Type, Size, Share, Segments, Applications, Analysis and Forecast, 2017—2024”.
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Flexibility, low cost, and long-lasting, strong bonds are projected to drive the water-based adhesive market across the globe over the forecast timeframe. 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. 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.
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. Acrylic polymer emulsion contributed a major revenue share in 2017 to this market. Acrylic polymers are water-based emulsions that are used to produce eco-friendly adhesives, which balance the bond strength of peel, shear, and tack. This makes the product essential in a wide range of packaging activities, such as foils, cartons, bookbinding, labels, automobile upholstery, films, paper bags, etc.
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By application, this global market includes automotive and transportation, building and construction, paper and packaging, tapes and labels, woodworking, and others. Tapes and labels held the largest market share in 2017, due to their extensive use in medical packaging, automotive and logistics, electrical and electronic devices, and construction materials packaging during transit, drug delivery system, and packaging of consumer and industrial goods.
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa comprise the regional segment of the global water-based adhesive market. The North American water-based adhesive market held the major revenue share in 2017, due to governmental policies for using eco-friendly products coupled with growing construction activities in the region. Moreover, growing automotive sales in the region will drive the demand for metal coatings and leather finished goods, which, in turn, is likely to support the region’s water-based adhesive market over the estimated timeframe.
Browse the full “Water-based Adhesive Market by Resin Type (Acrylic Polymer Emulsion (PAE), Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate-Ethylene (VAE) Emulsion, Styrene Butadiene (SB) Latex, Polyurethane Dispersion (PUD), and Others) and by Application (Tapes & Labels, Paper & Packaging, Building & Construction, Woodworking, Automotive & Transportation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024” Report at https://www.zionmarketresearch.com/report/wat...ive-market
The Asia Pacific region is predicted to grow at the fastest rate in the forecast timeframe, due to government initiatives for raising productivity across the region. The major contributors of this regional market are anticipated to be Japan, India, and China. This market growth can be attributed to the increasing investments made in infrastructural projects, the thriving automobile industry of the region, and the region’s flourishing coating and adhesive industry.
The Latin American water-based adhesive market is likely to grow significantly over the forecast timeframe, owing to the flourishing automotive industry, rebounding economic growth prospects, and increasing investments made in the construction sector. IIRSA initiative is aimed at integrating and increasing domestic production of essential raw materials among other consumer goods across the region.
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The Middle East and Africa water-based adhesive market are expected to witness lucrative growth in the upcoming years, owing to the region’s thriving construction sector and growing coating and paint industry. The funding of new infrastructural projects, eased fiscal cues, and government reforms promoting non-oil domain growth are likely to provide new growth opportunities for the players operating in the water-based adhesive market.
Dow Corning, Evonik Industries AG, DIC, Illinois Tool Works Inc., Huber Group, 3M Company, and Franklin International, Inc. are some leading players of the global water-based adhesive market.
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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
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