Fact.MR's research analysis of the Low VOC Adhesives market identifies key trends and opportunities related to components, types, vehicle categories, and geographical regions for the forecast period spanning 2023 to 2027. The study aims to deliver valuable market insights that assist leading companies in formulating effective strategies to enhance their competitive positioning.
As of 2023, the global low VOC adhesives market is valued at approximately US$ 52 billion, with projections indicating a growth to US$ 85 billion by 2033. According to this Fact.MR analysis, the worldwide sales of low VOC adhesives are anticipated to grow at a compound annual growth rate (CAGR) of 5% from 2023 to 2033.
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Rising Adoption of Eco-Friendly and Sustainable Adhesive Solutions
Low VOC adhesives are increasingly meeting the specific requirements of new projects across various industries, including attributes such as water resistance, robust bond strength, and rapid curing in high humidity conditions. The growing consumer preference for environmentally friendly products has led to a surge in the popularity of green adhesives or those with low VOC emissions.
In response to heightened awareness regarding sustainable practices in the global construction sector, innovative adhesive solutions are being developed. These options are crafted from materials that are biodegradable, recyclable, renewable, or derived from recycled sources.
Key Trends:
Bio-based adhesives, derived from renewable resources, are increasingly recognized as a more sustainable option compared to conventional adhesives. The emergence of innovative technologies and the introduction of new raw materials are contributing to the growing prevalence of bio-based adhesives within the low-VOC adhesives sector.
The market for low-VOC adhesives is diversifying into various applications and industries, including electronics, medical devices, and aerospace. As industries strive to minimize their carbon emissions and adhere to environmental regulations, the uptake of low-VOC adhesives is expected to rise.
Advancements in 3D printing technology are facilitating a greater integration of low-VOC adhesives in this field. This trend is propelled by the demand for sustainable manufacturing practices and the increasing preference for environmentally friendly products.
Competitive Landscape:
Producers of low-VOC adhesives are dedicating resources to research and development aimed at enhancing both the performance and cost efficiency of these products. This effort encompasses the creation of innovative bio-based adhesives and advancements in manufacturing processes to lower production costs associated with low-VOC adhesives. In 2022, Toyochem launched a low-odor, low-VOC acrylic adhesive specifically designed for vehicle and building interiors. Additionally, in September 2021, Weir Minerals partnered with Henkel to unveil a zero VOC adhesive line tailored for rubber lining, utilizing a proprietary formula.
Source: https://www.globenewswire.com/news-release/2023/2/24/2615210/0/en/Sales-of-Water-based-Low-VOC-Adhesives-To-Top-With-A-Market-Valuation-of-US-85-Billion-by-2033-Report-Fact-MR.html
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