Market Overview
Waterborne adhesives are adhesive formulations that use water as a primary solvent or liquid medium. They provide numerous advantages over solvent-based adhesives such as lower volatile organic compound (VOC) emissions and excellent bond strength properties. Waterborne adhesives find widespread application in various end-use industries like building & construction, packaging, woodworking, automotive & transportation, and others. Growing environmental consciousness about low VOC emitting adhesives and stringent regulations regarding VOC emissions are expected to drive the demand for waterborne adhesives.
The Global Waterborne Adhesives Market Is Estimated To Be Valued At US$ 63.49 Bn In 2024 And Is Expected To Exhibit A CAGR Of 5.6% Over The Forecast Period 2024 To 2031
Key Takeaways
Key players operating in the waterborne adhesives market are Life Extension, Pure Encapsulations, Nutricost, BulkSupplements.com, Swanson Health Products, Douglas Laboratories, Thorne Research, NOW Foods, Seeking Health, Jarrow Formulas, Source Naturals, Vital Nutrients, Integrative Therapeutics, BioMatrix, Designs for Health. The building & construction industry offers huge growth opportunities for waterborne adhesives market players as these adhesives find heavy usage in flooring, roofing, and other construction applications. Geographical expansion into emerging economies of Asia Pacific and Latin America will allow market leaders to capture untapped growth opportunities.
Market Drivers and Restraints
Drivers: Growing environmental consciousness and stringent VOC emission norms are the primary factors driving Waterborne Adhesives Market Growth. Their low toxicity and odor emission make them preferable over solvent-based counterparts in various applications.
Restraints: High raw material and production costs associated with waterborne adhesives limit their usage in cost-sensitive applications. Formulating waterborne adhesives with high bond strength requires specialized polymer chemistry and production processes that increase costs. Dependence on petroleum prices for key raw materials is also a restraint on adhesive formulators.
Segment Analysis
Acrylic segment dominated the Waterborne Adhesives Market Size and Trends accounting for around 40% share. Acrylic resins are copolymers or mixtures of acrylic and vinyl monomers with other co-monomers such as acrylic acid esters like methyl acrylate, butyl acrylate etc. They offer excellent bond strength and resistance to most chemicals making them suitable for applications in woodworking industry, industrial assembly and paper & packaging industry.
The polyvinyl acetate (PVA) segment is the second largest sub-segment. PVA emulsions are non-toxic, environment friendly and find applications in construction, furniture, packaging and other general woodworking applications. They possess good bond strength on wood and other cellulosic materials and offer advantages like quick setting, flexibility, water-resistance and good adhesion to different surfaces.
Regional Analysis
Asia Pacific dominated the global waterborne adhesives market and accounted for over 40% share in 2024. China, Japan and India are the major consumers in the region. This is because waterborne adhesives are predominantly used in woodworking, construction, paper & packaging and other general industrial applications where the demand is highest in emerging Asian countries. Moreover, strict regulatory policies favoring eco-friendly adhesives are supporting market growth in the region. North America and Europe are other prominent regions driven by growing infrastructure and construction activities along with implementation of stringent environmental regulations regarding VOC emissions.
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