Waterborne Adhesives Market - Forecast(2023 - 2028)

Report Code: CMR 97068 Report Format: PDF + Excel

Overview

Waterborne Adhesives Market size is forecast to reach $18 billion by 2025, after growing at a CAGR of 5% during 2020-2025, owning to growing demand from packaging industry. Waterborne adhesives are used in flexible laminations, packaging tapes, office tapes and food packaging as they provide improved chemical and heat resistance. Due to non-reactive nature, they are highly preferred for food packaging applications. In addition, growing demand from the automotive industry is also expected to fuel waterborne adhesives market growth. These are used in the automotive industry in interior structures such as dashboards headlining and others.

Report Coverage

The report: “Waterborne Adhesives Market– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Waterborne Adhesives Industry.


Key Takeaways

·         The Asia-Pacific region dominated the global market share of water-borne adhesives, owning to factors such as strong growth in construction activities, growing demand for packaging from the expanding e-commerce business platform, and rising production in the food and beverage industry.

·         There are currently several airport construction projects, either in development or in planning stages, in China, such as Chengdu Shuangliu International Airport, Beijing Capital International Airport, Guangzhou Baiyun International Airport, and so on. The growth in construction activities, is creating waterborne adhesives demand in the country.

·         The introduction of bio-based polyol components in water-borne adhesives is likely to create a range of opportunities for the waterborne adhesives market, in the coming years.

Resin Type - Segment Analysis

The acrylic resin held the largest share in the waterborne adhesives market in 2019, owning to their chemical characteristics and unique esthetic properties. Unlike other resins, acrylic provides high strength of bonding without the need for surface preparation. Demand for waterborne acrylic adhesives increases steadily due to high solid content, high initial adhesion properties and low toxicity. There is an increasing demand for miniaturization and automation in the electronics industry, where acrylic adhesives are mainly used for hard disk drives and touchscreen displays. For hard disk drives, pressure-sensitive adhesives are used for permanent and cleanly removable labels, filters and seals, as well as for damping and assembly purposes. They are also used for voice coil motor magnet assembly. The polyvinyl acetate and vinyl acetate-ethylene emulsion resin type are also growing at a faster rate during the forecast period.

End-User Industry - Segment Analysis

Building and construction industry held the largest share in the waterborne adhesives market in 2019 and is growing at a CAGR of 6.4%, as waterborne adhesives are used in concrete, carpet laying, drywall lamination, manufactured housing, resilient flooring, ceramic tiles, flooring underlayment, joint cement, pre-finished panels, roofing and wall covering. In addition, the growth in green building construction, coupled with increasing concerns about the quality of construction is accelerating the waterborne adhesives market growth. As waterborne adhesives have properties such as high adhesion properties, low toxicity, high solid content and eco-friendly properties, they are widely used in the food packaging industry. Factors such as online food delivery and innovation and development in the packaging industry are driving waterborne adhesives market growth.

Geography - Segment Analysis

Asia Pacific held the largest share in the waterborne adhesives market in 2019, up to 30%, owning to growing demand from automotive, packaging and building and construction applications. The developing countries such as India, Brazil, and Malaysia are driven by the automotive industry, giving a boost to the waterborne adhesives market.  According to OICA, in 2018, India, Brazil and Malaysia produced 5174645, 2879809, and 564800 i.e., 8%, 5.2%, and 12.2% higher than the previous year. Asia Pacific is also the largest manufacturer of waterborne adhesive, with the majority of manufacturing plants concentrated in China due to raw material supply and lower cost of production. Construction and packaging sectors in India have seen significant growth in recent years due to growing government investments, which in turn drive demand for waterborne adhesives. In addition, shifting customer focus towards flexible packaging could give numerous opportunities for the growth of the waterborne adhesive market in Asia-Pacific.

Drivers – Waterborne Adhesives Market

• Stringent regulations limiting VOC emission.

Waterborne adhesives are made from natural polymers as well as synthetic ones. These are combined mainly with water as a diluent rather than volatile organic solvent, and can also be considered as low VOC adhesive.  Increasing government regulations that restrict VOC emissions are increasing waterborne product demand. Several organizations such as the United States Environmental Protection Agency and the California Air Resources Board are working towards reducing the use of Volatile Organic Compound (VOC) in coatings and adhesive products. Thus, the demand for solvent based will decline, which will influence waterborne adhesives market growth as they are environmentally friendly as well as economical alternative to solvent based adhesives.

Challenges – Waterborne Adhesives Market

·         Complex formulation.

Compared to solvent-based adhesives, the formulation process for waterborne adhesives is highly complex and the final properties depend on the chemical composition of the polymer base used in the formulation. The complex formulation of waterborne adhesives is therefore expected to hinder market growth .

 

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Waterborne Adhesives Market. In 2019, the market of Waterborne Adhesives Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Waterborne Adhesives market are 3M, Eastman Chemical Company, Henkel AG and Co. KGaA, BASF SE, AdCo (UK) Ltd., Alfa International Corporation, Arkema Group (Bostik SA), Ashland, Avery Dennison Corporation, Benson Polymers Limited, and HB Fuller Company, among others.  

 

1. Waterborne Adhesives Market - Overview
        1.1 Definitions and Scope
2. Waterborne Adhesives Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Waterborne Adhesives Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Waterborne Adhesives Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Waterborne Adhesives Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Waterborne Adhesives Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Waterborne Adhesives Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Waterborne Adhesives Market - By Resin Type(Market Size -$Million / $Billion)
        8.1 Acrylics
        8.2 Polyvinyl Acetate (PVA) Emulsion
        8.3 Ethylene Vinyl Acetate (EVA) Emulsion
        8.4 Polyurethane Dispersions & CR (Chloroprene Rubber) Latex
        8.5 Others
9. Waterborne Adhesives Market - By Type(Market Size -$Million / $Billion)
10. Waterborne Adhesives - By End-User Industry Type(Market Size -$Million / $Billion)
        10.1 Building and Construction
        10.2 Paper, Board, & Packaging
        10.3 Woodworking & Joinery
        10.4 Transportation
        10.5 Healthcare
        10.6 Electrical and Electronics
11. Waterborne Adhesives- By Geography (Market Size -$Million / $Billion)
        11.1 Waterborne Adhesives Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)

            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Waterborne Adhesives- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)

            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Waterborne Adhesives- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)

            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Waterborne Adhesives - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)

            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Waterborne Adhesives - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)

            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Waterborne Adhesives Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Waterborne Adhesives Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Waterborne Adhesives Market - Key Company List by Country Premium
15. Waterborne Adhesives Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 3M
        15.3 Adhesive Research Inc
        15.4 Arkema Group
        15.5 Ashland Inc
        15.6 Avery Dennison Corp
        15.7 Benson Polymer Ltd
        15.8 Delo Industrial Adhesive
        15.9 Dowdupont
        15.10 Franklin Guangzhou Adhesive Company Ltd
        15.11 Henkel Ag Co. Kgaa
        15.12 Huntsman Corp
        15.13 Paramelt B V
        15.14 Permabond Engineering Adhesive Ltd
        15.15 Pidilite Industry Ltd
        15.16 Sika Ag
        15.17 Tesa Se
        15.18 Yokohama Industry
        15.19 Company 18
        15.20 Company 19 & More
*Financials would be provided on a best efforts basis for private companies
16. Waterborne Adhesives Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Waterborne Adhesives Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends