Key Drivers and Restraints of Dispersion Adhesives Market
- Application of dispersion adhesives carries various economic and environmental benefits. Dispersion adhesives can be applied easily by brush, roller, beads, or spray. Dispersion adhesives offer rigid to semi-rigid bond lines, making them suitable for bonding wood & wood product cardboards, paper, and corrugated paper. Adhesion adhesives also have a high processing speed and low production cost, and are environmentally friendly, being water-based and emitting low VOCs (volatile organic compounds). Thus, various advantages offered by dispersion adhesives are expected to drive the demand for dispersion adhesives.
- Market growth is restrained by fluctuating raw material prices and lack of availability of materials such as polyurethanes and polyvinyl acetate. Additionally, the complex formulation of dispersion adhesives and higher cost of solvent-based adhesives are likely to inhibit the market in countries with relaxed or no VOC regulations.
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COVID-19 Impact on Dispersion Adhesives Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the dispersion adhesives market.
Dispersion Adhesives Market: Material
- Based on material, the dispersion adhesives market can be segmented into polyvinyl acetate, vinyl acetate, polyacrylate, polyurethane, rubber latex, polyvinylidene chloride, and others
- Polyvinyl acetate is one of the most widely used water-dispersed adhesives. PVA is made up of a water-based emulsion of a widely used type of glue, referred to as wood glue, white glue, carpenter’s glue, school glue, or PVA glue.
- Vinyl acetate adhesives are made from emulsion polymers such as vinyl and ethylene vinyl acetate. They bond well with cellulose-containing substrates. Although these emulsions are bright white mixtures, they produce a clear and flexible bond when dry, making them ideal for bonding wood, paper, and cardboard. They are known as white glue and carpenter’s glue, and are probably the best-known water-based adhesives. They provide rigid to semi-rigid bonds.
- Polyurethane dispersions have good aging properties and offer resistance to many media. They have high elasticity and good adhesion strength. They are widely used in the packaging industry.
- Rubber latex adhesives are made from emulsified elastomers (rubbers). Depending on the specific formulation, these adhesives form either a solid rigid bond or a more flexible bond that is used in applications such as stamp and envelope production and for binding fabrics and wood.
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Dispersion Adhesives Market: Application
- Based on application, the dispersion adhesives market can be segregated into wood processing & furniture, paper & packaging, automotive, textile, electrical, footwear, and others
- Dispersion adhesives are used in the furniture industry for bonding wood and wood-based materials. Growth of the furniture industry is expected to drive the demand for dispersion adhesives in the industry during the forecast period.
Dispersion Adhesives Market, by Application
- Wood Processing & Furniture
- Paper & Packaging
- Automotive
- Textile
- Electrical
- Footwear
- Others
Asia Pacific to Dominate Dispersion Adhesives Market
- In terms of region, the dispersion adhesives market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is expected to hold major share of the dispersion adhesives market, followed by Europe and North America, during the forecast period. This can be attributed to the increase in GDP, led by the rise in industrial activities, in Asia Pacific. China, Japan, and India are significant consumers of dispersion adhesives in the region.
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Key Manufacturers Operating in Dispersion Adhesives Market
Major players operating in the dispersion adhesives market include:
- Jowat SE
- Kleiberit Klebstoffe GmbH
- Weiss Chemie + Technik GmbH & Co. KG.
- Wacker Chemie AG
- Cementos Capa SL
- Master Bond Inc.
- Delo Industrial Adhesives
- Kohesi Bond
- 3M Company
- Permabond LLC
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