Global Emulsion Adhesives Market Size By Type (Acrylic Polymer Emulsion, Polyvinyl Acetate (PVA) Emulsion), By Application (Paper And Packaging, Construction, Automotive And Transportation), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Emulsion Adhesives Market Size By Type (Acrylic Polymer Emulsion, Polyvinyl Acetate (PVA) Emulsion), By Application (Paper And Packaging, Construction, Automotive And Transportation), By Geographic Scope And Forecast
Emulsion Adhesives Market Size And Forecast
Emulsion Adhesives Market size was valued at USD 17.28 Billion in 2024 and is projected to reach USD 26.69 Billion by 2031, growing at a CAGR of 5.58% from 2024 to 2031.
The major factors driving the Emulsion Adhesives Market growth are the increasing demand for these adhesives in developing countries and the growing demand for eco-friendly adhesives. The Global Emulsion Adhesives Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Emulsion Adhesives Market Definition
Emulsion adhesive refers to a water-based adhesive made by homogeneously emulsifying vinyl acetate, EVA, or acrylic synthetic resin polymers in water. Emulsion adhesives are formulated with several polymers such as vinyl acetate polymers and copolymers, ethylene vinyl acetate, acrylic, natural rubber latex, and synthetic elastomers such as styrene-butadiene rubber or polyurethane. The emulsion adhesives are classified based on bonding Wet bonding adhesives and Dry bonding adhesives.
The emulsion adhesives feature excellent adhesive properties than other aqueous adhesives and are used for various applications such as furniture, woodworking, decorated plywood, paper working, packaging, decorated plywood, composite members, and panels. Emulsion-based PSAs are widely used for packaging labels, opaque labels, adhesive films, graphic films, and tapes, owing to their holding power and shear resistivity. These are non-flammable, non-toxic in nature, and hence are relatively safer to use.
Emulsion adhesives have more excellent initial adhesive properties than other aqueous adhesives. The absence of flammable solvents and more environment-friendly properties of emulsion adhesive determine the better safety measure for factory operations like ventilation, flameproof lighting, and others. Emulsion adhesives are widely utilized in a variety of applications, including the production of non-woven products, box and folded carton packaging, paper bag manufacture, and others.
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Global Emulsion Adhesives Market Overview
The major factors driving the Emulsion Adhesives Market growth are the increasing demand for these adhesives in developing countries and the growing demand for eco-friendly adhesives. Due to a variety of factors, such as the transition from solvent-based adhesives to water-based adhesives, which enables manufacturers to reduce the emission of volatile organic compounds (VOC), these adhesives are becoming more and more popular on the market. Along with that, the demand for these adhesives is rising in developing countries as they allow an extensive range of work from coating with a brush to machine coating, also, they are relatively inexpensive, resulting in increasing demand from Asian countries.
Moreover, the global packaging industry is witnessing rapid growth, owing to the constantly growing demand from the food packaging sector. The demand for packaged and canned goods is rising together with the demand for pressure-sensitive adhesives, primarily acrylic, as a result of changing consumer lifestyles (with a focus on work-life balance). Furthermore, design improvements and innovation, combined with a shifting focus toward the usage of recyclable materials for packaging, are expected to offer numerous opportunities for the growth of the market, thus leading to many new products.
Over the duration of the projected period, all of the aforementioned reasons are likely to increase market demand. However, the availability of substitutes in the market including hot melt adhesives, and performance issues in high-strength applications is the major challenge identified in the Emulsion Adhesives Market, which can potentially hinder the market growth in the coming years. The availability of hot melt and other solvent-less adhesives is giving tough competition to these adhesives, which is posing a challenge in the market.
Global Emulsion Adhesives Market Segmentation Analysis
The Global Emulsion Adhesives Market is segmented on the basis of Type, Application, And Geography.
Emulsion Adhesives Market, By Type
Acrylic Polymer Emulsion
Polyvinyl Acetate (PVA) Emulsion
Vinyl Acetate Ethylene (VAE) Emulsion
SBC Latex
Others
Based on Type, the market is divided into Acrylic Polymer Emulsion, Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate Ethylene (VAE) Emulsion, SBC Latex, and Others. The acrylic polymer segment is expected to dominate the market in the forecasted years Acrylics are a growing market share in the adhesives industry, particularly in pressure-sensitive labels and tapes, such as those used for decal and label applications, envelopes, medical tapes, and other products. Additionally, acrylic emulsions are environment-friendly adhesives and also offer an adequate balance among the tack, shear, and peel strength of the bond.
Emulsion Adhesives Market, By Application
Paper & Packaging
Construction
Automotive & Transportation
Others
Based on Application, the market is divided into Paper & Packaging, Construction, Automotive & Transportation, and Others. The automotive and transportation industries are anticipated to grow at the fastest rate in the upcoming years, this is due to the expansion of the automotive industry, notably in Asian countries, which has led to an increase in automobile production. Since these emulsions are used in the production of automotive parts like headliners, taillights, and interior trim.
Emulsion Adhesives Market By Geography
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Based on Regional Analysis, the Global Emulsion Adhesives Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The APAC region is expected to witness the highest CAGR in terms of both volume and value growth for the Emulsion Adhesives Market during the forecast period. The market for emulsion adhesives in this region is expanding as a result of policies requiring the use of low-VOC and environmentally friendly products as well as the demand for these products from China and India.
Key Players
The “Global Emulsion Adhesives Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Wacker Chemie, Ashland Inc., Henkel, 3M, H.B. Fuller, Pidilite Industries Ltd., Arkema, Cemedine Co., Ltd., Paramelt B.V., and Dow.This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Emulsion Adhesives Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Emulsion Adhesives Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
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