Data Bridge Market Research analyses that the water-based adhesive market is expected to reach USD 87.74 billion by 2030, which is USD 37.26 billion in 2022, registering a CAGR of 11.30% during the forecast period of 2023 to 2030.
Water-Based Adhesive Market research report delivers key data about the product portfolios, product values, company profiles, shares, and contact data for the company. This promotional market document on the worldwide market also represents all the regions as well as countries across the globe, which showcase a regional manufacturing status, such as volume, market size, value and price details. It also represents a brief summary of sales, revenue share, demand/supply data, and market growth analysis during the predicted period. Water-Based Adhesive business report showcases an overall mapping of the industry vendors and the analysis of the competitive landscape.
Global Water-based Adhesive marketing report provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. The report endows with the complete knowledge and information of rapidly changing market landscape, what is already there in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids in planning the own strategies with which business can outshine the competitors. The widespread Water-based Adhesive business report contains top to bottom analysis and estimation of various market related factors that plays key role in better decision making.
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Market Definition
Water-based adhesives are those adhesives that are formulated either from soluble synthetic polymers or natural polymers. These adhesives may be formulated as dry powders or supplied as solutions. The water-based adhesives use a combination of water, additives and polymers, perfect for both non-porous and porous substrates.
Some of the major players operating in the water-based adhesive market are:
Drivers
The widespread use of water-based adhesive in applications including heavy-duty carton sealing, gift wrapping, and decoration, these adhesives are in high demand. These adhesives are used for the production of tapes and labels. Packaging for medicine delivery systems, shipping packaging for building materials, packaging for automotive and logistics, and packaging for consumer and industrial goods contribute to the market’s growth. Therefore, the packaging adhesive tapes market is one of the major factor for the growth of market.
The surging sells and production of chemical goods is expected to increase the demand for the water-based adhesive and drive the market growth rate during the forecast period. Huntsman Corporation was purchased by Indian adhesives manufacturer Pidilite Industries for $ 28.55 billion in November 2020. With this acquisition, Araldite will strengthen Pidilite Industries’ existing robust portfolio of adhesives and sealants and add to its line of retail products. American company Huntsman Corporation produces and sells chemical goods to both industrial and retail clients.
Opportunities
In order to get real-time data and locate gaps in the manufacturing process, many adhesive firms are implementing Internet of Things (IoT) technology to connect machinery and smart devices. Plant managers and senior management process, analyse, and interpret the data to improve quality and reach ideal production levels. For instance, smart systems provide data on the operation and performance of chemical reactors with embedded analytics capabilities to alert plant managers and operators of potential machine failures. Examples of significant businesses implementing IoT include The Dow Chemical Company, BASF SE and H.B. Fuller. Therefore, increasing adoption of internet of Things (IoT) technology is expected to create numerous opportunities for the growth of the market during the forecast period.
Restraints/ Challenge
The main problems with water-based adhesives are their slower drying tendency at low temperatures. The drying process requires a lot of time and could cause a delay in the work process because water is so volatile. For instance, Henkel and other businesses produce Technomelt adhesives, which are hot melt adhesives utilized in the furniture and automobile industries because they dry quickly. As a result of this, the development of water-based adhesives is being constrained by their shorter drying period.
This water-based adhesive market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the water-based adhesive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Recent Development
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
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The water-based adhesive market is segmented on the basis of type of resin, product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type of Resin
Product Type
Application
The water-based adhesive market is analyzed and market size insights and trends are provided by country, type of resin, product type and application as referenced above.
The countries covered in the water-based adhesive market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to dominate the water-based adhesive market in terms of revenue growth and market share because of the fastest-growing consumer markets of India, China and other Asia-Pacific countries. This large population is expected to become a progressively important driver for industries such as building and construction, paper and packaging, woodworking and automotive and transportation in this region.
North America is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the increasing need for non-residential development and growing consumer spending on home furnishings in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The report answers questions such as:
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