Global Water Based Adhesive Market Overview –
The Global Water-Based Adhesive Market has value about the growth from the USD of 15.3 billion in the year 2018, which is calculate with the USD of 20.2 billion by the year 2023 with the CAGR of the 5.7% during the forecast period.
Natural polymers derive from vegetable, animal, and protein sources, or synthetic polymers such as methylcellulose, carboxymethylcellulose, polyvinylpyrrolidone, and cellulose ethers, are use to produce global water-base adhesives market. Adhesive particles use on a variety of substrates and at varying thicknesses can be controller by the viscosity of the carrier fluid, water. Clean lake adhesive technology also heavily relies on recyclable water-base adhesive. In order to adhere to a thermoform package or a PET bottle for the duration of their lifecycle and separate cleanly during recycling, adhesives are develop. Adhesives base on water are available in either pre-mixer solution or dry powder.
Many industries use water-borne adhesives, including board, packaging, papermaking, automobiles and electronics and electrical systems. Woodworking and joinery also uses water-borne adhesives. Market share is dominate by the paper, packaging, and board industries.
COVID-19 Impact –
The COVID-19 pandemic has harmer the global water-base adhesive market. The disturbances in supply chain management and transportation of goods and services herma the growth of the market. Many manufacturing and production units were disrupt due to the government enforce lockdowns and curfews across the world which led to losses and wastage of many water-base adhesive products. The pandemic also significantly change consumer demand and behavior.
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Consumers refrainer from purchasing non-essential products amid the pandemic thereby impacting the sales of water-base adhesive products. The uncertain and unexpected situation cause by the pandemic significantly impacts the market hence, slowing its growth. There was a steep decline in the demand for water-base adhesives due to the lockdowns and travel restrictions in almost all the countries which negatively affect the growth of the market. But the post-pandemic situation has improve. The market has recoveree and is set to grow at a high rate.
Market Dynamics –
Water-base adhesives offer a variety of useful properties, such as long-term durability, flexibility, and low cost, all of which propel the market for water-base adhesives to new heights. Another driver of the market’s expansion is the growing demand for vehicles that are both lightweight and low pollutant.
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However, the water-base adhesive market’s growth has been stifle by a reduce shelf life and the inability to store the product for a longer period. In the near future, the water-base adhesive market will benefit from shifting consumer demand towards sportswear due to an increase in sports activities for the sake of health and fitness.
Market Scope –
An in-depth study of the chemical and material industry, the “Global Water Base Adhesive Market Analysis to 2028” focuses on the global market trend analysis. The report’s goal is to give readers a comprehensive picture of the water-base adhesive market, including a breakdown by resin type, application, and region. The global market for water-base adhesives is expect to grow at a rapid pace over the next few years.
Key Players –
3M Company
DELO Industrial Adhesives
Dow Corning
Evonik Industries
Franklin International
H.B FullerH.B. Fuller
Henkel A.G
Huber Group
Pidilite Industries Ltd.
Sika AG
By Type –
PAE
PVA Emulsion
VAE Emulsion
SB Latex
PUD
By Applications –
Tapes & Labels
Paper & Packaging
Woodworking
Building & Construction
Automotive & Transportation
By Region –
North America Adhesives Market
Europe Adhesives Market
Asia Pacific Adhesives Market
Latin America Adhesives Market
Middle East & Africa Adhesives Market
