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Woodworking & Construction Sector to Boost Low-VOC Adhesive Market: RM

Published on 2021-08-06. Edited By : SpecialChem

TAGS:  Hot-melt Adhesives      Waterborne Adhesives    

Woodworking & Construction Sector to Boost Low-VOC Adhesive MarketResearch and Markets (RM) anticipates that the global low-VOC adhesive market is projected to grow from USD 49.5 Bn in 2021 to USD 63.3 Bn by 2026, at a CAGR of 5.0% between 2021 and 2026 forecast period. The key factor driving the growth of the market is increasing demand from the woodworking and construction sectors.

Paper & Packaging: Largest Low-VOC Adhesive Market Segment

Low-VOC adhesive adhesives are used in a wide range of applications, such as case & carton, corrugated packaging, and flexible packaging. Case & carton are boxes made of paperboard that is used for packaging of goods. They are used for the storage of agricultural & poultry products, biscuits, chocolates, pharmaceutical products, and industrial purposes.

The adhesive technology to be used for case & carton packaging applications are chosen based on the production line. The hot-melt and water-based adhesives technologies are mainly preferred for case & carton applications.

Highest Growth in APAC Region

APAC is forecasted to be the fastest-growing Low VOC adhesive market during the forecast period. The APAC market is expected to witness significant growth due to the rising use of low-VOC adhesives in various industries, such as construction, packaging, transportation, woodworking and consumer use in countries such as China, India, and South Korea.

APAC is a strategic location for many transportation and automotive manufacturers to set up or expand their manufacturing base and take advantage of the low manufacturing cost.

Source: Research and Markets

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