The European Union generated approximately 2.71 billion metric tons of carbon dioxide emissions in 2021.
A further factor anticipated to fuel market expansion is the expanding tendency in the packaging sector to reduce solvent-based use and embrace sustainable alternatives. Water-based adhesives are developed using a combination of water, polymers, and additives. They are ideal for porous or non-porous substrates. These adhesives may be formulated as solutions and are activated as the water evaporates or is absorbed by the substrate.
Furthermore, the increasing demand from paper & packaging, building & construction, and others are the crucial factors that propel the market’s growth. Several businesses and research institutions are active in the market and concentrate on creating such environmentally friendly goods. The market is hence anticipated to have enormous growth potential in the years to come as a result.
Polyvinyl Acetate (PVA) Emulsion Will Continue To Be a Key Resin Type
Polyvinyl Acetate improves the UV degradability issue related to wood and imparts higher resistance against UV radiation.
Growing Adsorption Towards Sustainability
For instance, H.B. Fuller created various next-generation adhesive solutions in April 2019 to meet the rising need from wood furniture and flooring producers for materials that aid in reducing hazardous emissions in their completed items, given that wood naturally generates VOCs.
Recent Developments
- In April 2021, Two new compostable adhesive products were introduced
by H.B. Fuller, a well-known American manufacturer of industrial adhesives that
sells its products all over the world under the FlextraTM Evolution brand.
These products offer several noteworthy advantages in terms of manufacturer
benefits and sustainability objectives.
- Choice Adhesives, a pioneer in providing specialized adhesive
solutions for several sectors, will be acquired by Innovative Chemical Products,
a specialist platform business in the coatings, adhesives, sealants, and
elastomers (CASE) industry, according to the announcement in April 2021.
- In October 2017, Royal Adhesives & Sealants (US) was acquired by
H.B. Fuller, resulting in expanded development & production capabilities.
- 3M invested USD 40 million to expand its operation in Missouri, US,
in March 2017, helping to produce industrial adhesives and tapes for the aerospace
industry.
Market Segmentation
Global Water-Based Adhesive Market
Market Players
3M Co., Henkel AG & Co KGaA, HB Fuller Co., Bostik SA, Nan Pao Resins Chemical Co Ltd., Pidilite Industries Ltd., Mapei SpA, DuPont de Nemours Inc., Sika AG, Wacker Chemie AG are some of the key players of Global Water-Based Adhesive Market.
Attribute
|
Details
|
Base Year
|
2022
|
Historic Data
|
2018 – 2021
|
Estimated Year
|
2023
|
Forecast Period
|
2024 – 2028
|
Quantitative Units
|
Revenue in USD Million, Volume in Metric Tonnes, and
CAGR for 2018-2022 and 2023-2028
|
Report coverage
|
Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends
|
Segments covered
|
Resin Type
Application
|
Regional scope
|
North America,
Europe, Asia Pacific, South America, Middle East & Africa
|
Country scope
|
United States; Mexico; Canada; France; Germany; United
Kingdom; Spain; Italy; Netherlands; Russia; China; India; South Korea; Japan;
Indonesia; Vietnam; Australia; Brazil; Argentina; South Africa; Saudi Arabia;
UAE
|
Key companies profiled
|
3M Co.,
Henkel AG & Co KGaA, HB Fuller Co., Bostik SA, Nan Pao Resins Chemical Co
Ltd., Pidilite Industries Ltd., Mapei SpA, DuPont de Nemours Inc., Sika AG,
Wacker Chemie AG
|
Customization scope
|
10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
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options
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Avail customized
purchase options to meet your exact research needs. Explore
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Delivery Format
|
PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request)
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