TAGS: Waterborne Adhesives Polyurethane Adhesives Sustainability / Natural Adhesives
Research and Markets (RM) anticipates that the water-based adhesive market size was valued at USD 20.2 billion in 2021 and is expected to reach USD 29.5 billion by 2027, growing at a CAGR of 6.51% during the forecast period.
The major end-user industries for the water-borne adhesives market include building and construction, packaging, automotive, footwear, tapes and labels, healthcare, electrical and electronics, and woodworking.
High Growth in WB PU Adhesives
Water-based polyurethane adhesives are witnessing high growth owing to their increasing demand and application in packaging, automotive, electronics, and many other industries. The flexibility and excellent adhesion properties with any substrate make water-based adhesives suitable for any industry.
Related Read: Water-based Adhesives: Achieving High Performance with Rheology Modifiers
Problems regarding VOC emission and smells produced by applying adhesives have prompted manufacturers to create eco-friendly formulations.
There is a demand for lightweight vehicles as they cause fewer carbon emissions. This is an important growth factor for the adhesives & sealants market.
There has also been a significant movement away from petroleum-based formulations, which emit styrene, naphthalene, vinyl cyclohexane, and toward water-based adhesives by formulations. This is a positive step forward for indoor air quality and building occupant health and well-being. This will drive growth in the global water-based adhesives market.
APAC: Largest Consumer of Water-based Adhesives
Due to expanding population, emerging economies, and the rapid pace of urbanization, APAC has emerged as the largest consumer of water-based adhesives. China, Japan, and South Korea are among the region's most important marketplaces.
Demand for natural polymers is increasing exponentially because of their ability to be used as a low-cost alternative to petroleum-based polymers. As the government regulations get stricter regarding petroleum-based products and VOC emissions, the vendors have to shift their focus to environmentally friendly raw materials used in water-based adhesives.
The market for PVA is growing in substrates such as cork, leather, paper, and cardboard. Industries dependent on water-based and hot melt adhesives extensively use polyvinyl alcohol adhesives in various applications. Some of the major sectors include - packaging, paper, construction, and wood processing.
Source: Research and Markets