Water-Based Additives Market is Rapidly growing end-use industries from 2022 to 2023

Water Based Additives Market Highlights

According to MRFR analysis, the global water-based adhesives market has been segmented by resin type, application, and region.

On the basis of resin type, the market has been segmented into polyvinyl acetate emulsion (PVA), acrylic polymer emulsion (PAE), vinyl acetate-ethylene emulsion (VAE), styrene-butadiene latex, polyurethane dispersion (PUD), vinyl acetate acrylates (VAA) and others. The acrylic polymer emulsion segment accounted for the largest market share in the global water-based adhesives market in 2027. These adhesives are a heterogenous mixture consisting of dispersed liquid in an aqueous phase and provide a balance between shear, stack and peel of the bond. It is widely used in packaging materials like paper bags, tapes, labels, automotive upholstery, and leather binding. Growing demand for packaging applications due to an increase in trading activities is expected to propel the demand for acrylic polymer emulsion, which in turn, drives the demand for the water-based adhesives market. Moreover, the increasing in number of educational centers and institutions in emerging economies has contributed to the rise in bookbinding, carton, labels, and paperboard decals are expected to offer a bolstering opportunity for the manufacturers of water-based adhesives.

Based on applications, the market has been segmented into paper & packaging, tapes & labels, building & construction, automotive, woodworking and others. The paper & packaging segment accounted for the largest market share in the global market owing to the increasing demand for lightweight packaging materials in industries like FMCG, pharmaceuticals, and food & beverages. Increasing in disposable income and high demand for consumer goods are expected to drive market growth. Tapes & labels are expected to witness a moderate growth rate during the forecast period. Tapes & labels are prominently used in the packaging of electronic devices, medical equipment, drug delivery system and industrial goods. Thus, an increase in demand for flexible packaging is likely to offer numerous opportunities for end-user customers in the global water-based adhesive market.

Competitive Analysis:

Some of the key players in the global water-based adhesive are Henkel AG & Company, KGaA (Germany), Arkema (France), Sika AG (Switzerland), H.B. Fuller Company (US), DowDupont (US), 3M (US), DIC Corporation (Japan), Ashland Inc. (US), Akzo Nobel N.V. (Netherlands), and PPG Industries, Inc. (US) among others.

Regional Analysis:

Asia-Pacific accounted for the largest market share owing to growing infrastructure activities and a rise in automotive production in emerging countries such as India, Malaysia, Thailand, and Indonesia. Increasing demand for paper packaging materials along with increasing disposable income are expected to drive the demand for water-based adhesives over the assessment period.

The high demand from major end-use industries such as paper & packaging, building & construction, automotive, and wood working is driving the demand for water-based adhesives in the North American and European regions. However, the declining sales of print media owing to digital marketing is likely to decline the demand for water-based adhesives.

The Middle East & Africa is driving the global water-based adhesives market owing to the presence of infrastructural hubs present in the region. 

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