PUBLISHER: IMARC | PRODUCT CODE: 1451779
PUBLISHER: IMARC | PRODUCT CODE: 1451779
Water-based Adhesive Market Report by Resin Type (Acrylic Polymer Emulsion, Polyvinyl Acetate Emulsion, Vinyl Acetate Ethylene Emulsion, Styrene Butadiene Latex, Polyurethane Dispersion, and Others), Application, and Region 2024-2032
The global water-based adhesive market size reached US$ 22.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 42.8 Billion by 2032, exhibiting a growth rate (CAGR) of 7.32% during 2024-2032. An enhanced focus on sustainable development, stringent regulatory norms limiting the usage of harmful chemicals in adhesives, and continual technological advancements in the product formulation represent some of the key factors driving the market.
Water-based adhesives refer to adhesives that are formulated using soluble synthetic or natural polymers. These adhesives function by developing strong bonding capabilities as the water evaporates or is absorbed by the substrate. This includes porous and non-porous substrates, such as paper, cardboard, wood, metal, and plastic. These adhesives are typically available in dry powder or solution forms and are environmentally friendly due to their low VOC content. Water-based adhesives are a safer and more cost-effective alternative to solvent-based adhesives, as they do not release harmful fumes or chemicals into the air, require less equipment for the application, and have a lower flammability risk. Additionally, they have a minimal odor, making them more convenient as an adhesive option. Some advantages of these adhesives include higher flexibility, durability, and environmental safety. As a result, water-based adhesives find extensive applications in laminating, labeling, and bonding purposes.
Water-based Adhesive Market Trends:
The market is primarily driven by the augmenting demand in numerous end-use industries due to rising environmental concerns. This can be attributed to an enhanced focus on sustainable development as well as reduced operational costs. In line with this, stringent regulatory norms limiting the usage of harmful chemicals in adhesives, particularly in the medical devices and food and beverages (F&B) packaging sectors is providing an impetus to the market. Moreover, continual technological advancements in the product formulation offering improved adhesion durability and flexibility is also acting as another significant growth-induing factor for the market. In addition to this, the rising number of construction and infrastructure development activities across the globe is creating lucrative growth opportunities in the market. The market is further fueled by rapid product utilization in the bonding of various metal and plastic substrates in the automotive industry. Apart from this, the considerable growth in the chemical processing industry is also propelling the demand for water-based adhesives. Furthermore, the growing adoption of lightweight materials, such as composites and plastics in the aerospace and defense industries is creating a positive market outlook. Some of the other factors contributing to the market include rapid industrialization, considerable rise in e-commerce consumer goods packaging applications, increasing demand for automobiles, particularly electric vehicles (EVs), and extensive research and development (R&D) activities conducted by key players.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global water-based adhesive market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on resin type and application.
Resin Type Insights:
Acrylic Polymer Emulsion (PAE)
Polyvinyl Acetate (PVA) Emulsion
Vinyl Acetate Ethylene (VAE) Emulsion
Styrene Butadiene (SB) Latex
Polyurethane Dispersion (PUD)
Others
The report has provided a detailed breakup and analysis of the water-based adhesive market based on the resin type. This includes Acrylic Polymer Emulsion (PAE), Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate Ethylene (VAE) Emulsion, Styrene Butadiene (SB) Latex, Polyurethane Dispersion (PUD), and others. According to the report, Polyvinyl Acetate (PVA) Emulsion represented the largest segment.
Application Insights:
Tapes and Labels
Paper and Packaging
Building and Construction
Woodworking
Automotive and Transportation
Others
A detailed breakup and analysis of the water-based adhesive market based on the application has also been provided in the report. This includes tapes and labels, paper and packaging, building and construction, woodworking, automotive and transportation, and others. According to the report, paper and packaging accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for water-based adhesive. Some of the factors driving the Asia Pacific water-based adhesive market included continual technological advancements, growing automobile industry, the growing adoption of lightweight materials, such as composites and plastics in the aerospace and defense sectors.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global water-based adhesive market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 3M Company, Arkema, Bond Tech Industries Inc., DuPont de Nemours, Inc., Evonik Industries AG, H.B. Fuller Company, Henkel AG and Co. KgaA, MAPEI S.p.A., Pidilite Industries Ltd., Sika AG, Weilburger Coatings GmbH, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global water-based adhesive market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global water-based adhesive market?
- What is the impact of each driver, restraint, and opportunity on the global water-based adhesive market?
- What are the key regional markets?
- Which countries represent the most attractive water-based adhesive market?
- What is the breakup of the market based on the resin type?
- Which is the most attractive resin type in the water-based adhesive market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the water-based adhesive market?
- What is the competitive structure of the global water-based adhesive market?
- Who are the key players/companies in the global water-based adhesive market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Water-based Adhesive Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Resin Type
- 6.1 Acrylic Polymer Emulsion (PAE)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Polyvinyl Acetate (PVA) Emulsion
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Vinyl Acetate Ethylene (VAE) Emulsion
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Styrene Butadiene (SB) Latex
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Polyurethane Dispersion (PUD)
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Application
- 7.1 Tapes and Labels
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Paper and Packaging
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Building and Construction
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Woodworking
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Automotive and Transportation
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 3M Company
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Arkema
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Bond Tech Industries Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 DuPont de Nemours, Inc.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Evonik Industries AG
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 H.B. Fuller Company
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Henkel AG and Co. KgaA
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 MAPEI S.p.A.
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Pidilite Industries Ltd.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.10 Sika AG
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11 Weilburger Coatings GmbH
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.1 3M Company
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Water-based Adhesive Market: Major Drivers and Challenges
- Figure 2: Global: Water-based Adhesive Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Water-based Adhesive Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Water-based Adhesive Market: Breakup by Resin Type (in %), 2023
- Figure 5: Global: Water-based Adhesive Market: Breakup by Application (in %), 2023
- Figure 6: Global: Water-based Adhesive Market: Breakup by Region (in %), 2023
- Figure 7: Global: Water-based Adhesive (Acrylic Polymer Emulsion (PAE)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Water-based Adhesive (Acrylic Polymer Emulsion (PAE)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Water-based Adhesive (Polyvinyl Acetate (PVA) Emulsion) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Water-based Adhesive (Polyvinyl Acetate (PVA) Emulsion) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Water-based Adhesive (Vinyl Acetate Ethylene (VAE) Emulsion) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Water-based Adhesive (Vinyl Acetate Ethylene (VAE) Emulsion) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Water-based Adhesive (Styrene Butadiene (SB) Latex) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Water-based Adhesive (Styrene Butadiene (SB) Latex) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Water-based Adhesive (Polyurethane Dispersion (PUD)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Water-based Adhesive (Polyurethane Dispersion (PUD)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Water-based Adhesive (Other Resin Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Water-based Adhesive (Other Resin Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Water-based Adhesive (Tapes and Labels) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Water-based Adhesive (Tapes and Labels) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Water-based Adhesive (Paper and Packaging) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Water-based Adhesive (Paper and Packaging) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Water-based Adhesive (Building and Construction) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Water-based Adhesive (Building and Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Water-based Adhesive (Woodworking) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Water-based Adhesive (Woodworking) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Water-based Adhesive (Automotive and Transportation) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Water-based Adhesive (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Water-based Adhesive (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Water-based Adhesive (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: North America: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: North America: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: United States: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: United States: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Canada: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Canada: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Asia-Pacific: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Asia-Pacific: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: China: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: China: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Japan: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Japan: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: India: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: India: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: South Korea: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: South Korea: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Australia: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Australia: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Indonesia: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Indonesia: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Others: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Others: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Europe: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Europe: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Germany: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Germany: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: France: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: France: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: United Kingdom: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: United Kingdom: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Italy: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Italy: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Spain: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Spain: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Russia: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Russia: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Others: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Others: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Latin America: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Latin America: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Brazil: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Brazil: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Mexico: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Mexico: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Others: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Others: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Middle East and Africa: Water-based Adhesive Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Middle East and Africa: Water-based Adhesive Market: Breakup by Country (in %), 2023
- Figure 79: Middle East and Africa: Water-based Adhesive Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Global: Water-based Adhesive Industry: Drivers, Restraints, and Opportunities
- Figure 81: Global: Water-based Adhesive Industry: Value Chain Analysis
- Figure 82: Global: Water-based Adhesive Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Water-based Adhesive Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Water-based Adhesive Market Forecast: Breakup by Resin Type (in Million US$), 2024-2032
- Table 3: Global: Water-based Adhesive Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Water-based Adhesive Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Water-based Adhesive Market: Competitive Structure
- Table 6: Global: Water-based Adhesive Market: Key Players
