Waterborne Adhesives Market will grow at highest pace owing to high-performance bonding
The waterborne adhesives market comprises water-based adhesives that are commonly used for wood, packaging, automotive, construction, and other applications. Waterborne adhesives provide high-performance bonding and have low volatile organic compound emissions making them environment-friendly. They are manufactured using water as a carrier or dispersing medium and produce durable bonds even after prolonged exposure to moisture.
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 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 growing construction and packaging industries are driving the demand for waterborne adhesives. Technological advancements are helping manufacturers develop sustainable and high-performance waterborne adhesives.
Market Trends
Growing environmental concerns are pushing manufacturers to develop bio-based and recycled content adhesives. Leading players are investing in R&D to commercialize adhesive formulations from renewable raw materials like plant proteins and resins. Another key trend is the rising demand for pressure sensitive adhesives especially in tapes, labels, and graphic arts. Pressure sensitive waterborne adhesives provide instant and removable bonding and help reduce application time.
Market Opportunities
Increasing consumption of Waterborne Adhesives Market Growth in emerging nations due to rapid industrialization will create new revenue streams for players. The market scope is also expanding into new applications such as footwear, furniture, and automotive components. Stringent regulations regarding VOC emissions are favoring waterborne adhesive adoption in North America and Europe regions.
The Covid-19 pandemic has significantly impacted the growth of the waterborne adhesives market. The strict lockdowns imposed globally led to temporary closure of manufacturing facilities. This resulted in disruptions across supply chains and lowered production volumes. This adversely impacted market demand in 2020. However, as restrictions began easing, manufacturing activities resumed gradually. The demand is recovering steadily as end use industries resume operations. Nevertheless, the pandemic has accelerated certain long term trends in the market.
The pandemic highlighted the importance of hygiene and sustainability. This is driving the demand for waterborne adhesives as they emit lower VOCs and are 100% solid content as compared to solvent-based adhesives. Furthermore, industries are increasingly focusing on occupational health and safety of workers. Waterborne Adhesives Market Size and Trends do not pose severe health hazards during application like other solvent-based varieties. Additionally, end use sectors like packaging, construction and automotive have been rapidly advancing digital technologies and automation to minimize human touchpoints. This benefits demand for waterborne adhesives as they are easier to use in automated settings. Overall, while COVID-19 slowed market growth temporarily, focus on sustainability, safety and technological upgrades is expected to support its recovery and growth in the coming years.
In terms of value, North America currently holds the largest share in the waterborne adhesives market. Stringent environmental regulations regarding VOC emissions make waterborne adhesives a widely accepted alternative in the region. The growth is majorly driven by the packaging and construction industries which are rapidly embracing sustainable adhesive technologies. Asia Pacific is anticipated to be the fastest growing regional market during the forecast years. Growing industrialization along with rising environmental consciousness is driving replacement of solvent-based adhesives with waterborne varieties in the construction and packaging sectors of China and India. This will likely contribute to the impressive growth of the Asia Pacific market.
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