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Water-Based Adhesive Market : What are the main applications and challenges?

Author : Rahul Varpe | Published Date : 2019-04-02 

Asia Pacific driven by Japan, South Korea, India and China water-based adhesive market demand is expected to register substantial growth due to industrialization in these emerging economies. Increasing demand for environmental friendly product and presence of key players in packaging, construction, electronics are important drivers that will boost water-based adhesive market in the region.

Europe water-based adhesive market demand, led by UK, Germany, Spain and France may witness firm growth due to the increase in demand for construction, automobiles and military sectors. German construction industry is estimated to witness rapid growth due to increasing state spending on the bridges and roads and increasing company investment in buildings.

Growth in urban population and increasing number of immigrants has further enhanced market growth. Increasing growth of furniture industry in UK due to low price and high-quality furniture offered to the consumers may escalate water-based adhesive market growth.

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Water-Based Adhesive Market size may witness firm growth over the forecasted timeframe owing to the rise in demand for printing inks and flexible packaging. Rise in environmental and safety issues have further enhanced the growth as water-based adhesive is low in VOC. It is widely used in automotive, construction, packaging, paper and furniture industries.

Glue is any material capable of holding material together by surface attachment. Water-based adhesive contains carrier fluid and additives to reduce its viscosity, can be applied to substance efficiently at varying thickness. Global adhesive market is estimated to worth over USD 55 billion by 2024 owing to its increasing use in aerospace, consumer goods, electrical, food packaging and construction industries.

Water-based adhesive is developed either from natural polymers derived from vegetable sources, protein sources and animal or from soluble synthetic polymers including cellulose ethers, methylcellulose, carboxymethylcellulose and polyvinylpyrrolidone. Water-based adhesive is supplied either in the form of dry powder or pre-mixed solution in which water is mixed by the distributors.

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North America driven by Canada and the U.S. water-based adhesive market size may witness an uptrend owing to the policies laid down by the government for environmental friendly products along with the increasing construction opportunities.

Global water-based adhesive market share is moderately fragmented. The key players operating in this industry are DIC, Dow Corning, Evonik, Huber Group, Illinois Tool Works, 3M Company, LLC and Franklin International. Major companies are focussing on construction and automotive sectors to enhance product portfolio and expand regional presence.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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