Uploaded on May 4, 2021
Waterborne Adhesives Market Growth Prospects, Key Vendors, Future Scenario Forecast 2026
Waterborne Adhesives Market
Waterborne Adhesives Market Growth Prospects, Key Vendors, Future Scenario Forecast
2026
Market Overview
Waterborne or water-based adhesives utilize water as a solvent and are classified as low volatile
organic compounds (VOC) compounds. The properties of waterborne adhesive product is
dependent upon its chemical composition. Resins, fillers, and antifoams are common constituents of
waterborne adhesive products. The advantages associated with waterborne adhesives include low
toxicity, high solid content, low VOC content, and high initial adhesion. These properties have led
to increased adoption of waterborne adhesives in the recent past. These can be used on various
substances such as wood, metal, plaster, concrete, plastic, and bricks, which has led to its utilization
in applications such as packaging, automotive, and construction.
Increased demand from packaging application is projected to drive growth of the market.
Waterborne adhesive products are used in tapes, labels, and lamination application in food and
consumer goods packaging. Waterborne adhesives exhibit high resistance to heat, chemicals, and
are non-reactive in nature. Moreover, increasing demand from growing automotive industry in
emerging economies of India, China, and Brazil is expected to bolster the market growth.
According to China Association of Automobile Manufacturers (CAAM) and Society of Indian
Automobile Manufacturers (SIAM), sales of cars in China stood at 28.87 million in 2017 and 24.97
million in India, respectively. Waterborne adhesives are used in automotive interior applications
such as headliners, panels, flooring, and consoles.
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Market Dynamics
Major drivers for growth of the market are increasing use of waterborne adhesives in packaging and
automotive applications, which is primarily due to strict environmental regulation pertaining to
VOC content in adhesive products. Government bodies such as U.S. Environmental Protection
Agency (EPA), International Maritime Organization, European Union and Health Canada are
among those enforcing regulations against high VOC content products.
Major challenges for the growth of the market include fluctuating raw material prices and
availability of these materials. Also, complex formulation and high cost compared to solvent borne
adhesives may result in slow market growth in countries where VOC related regulations are lax or
absent.
Market Taxonomy
On the basis of product type, the waterborne adhesives market is segmented into:
•Starch/Dextrin
•Protein/Casein
•Vinyl Acetate
•Rubber Latex
•Polyacrylate Emulsions
•Others
On the basis of application, the waterborne adhesives market is segmented into:
•Packaging
•Furniture
•Footwear
•Construction
•Automotive
•Others
Major players operating in the waterborne adhesives market include BASF SE, Sika AG, Henkel
AG, The 3M Company, Evonik Industries, DowDuPont Inc., Ashland Inc., Arkema S.A., Avery
Dennison Corporation, and Bayer AG.
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