The water-based adhesives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Water-Based Adhesives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The water-based adhesives market size has grown rapidly in recent years. It will grow from $41.61 billion in 2023 to $46.32 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to reduced health risks, packaging industry growth, woodworking and furniture production, consumer demand for sustainable products.
The water-based adhesives market size is expected to see rapid growth in the next few years. It will grow to $69.61 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to green and sustainable initiatives, rising demand in construction, flexible packaging expansion, automotive sector growth. Major trends in the forecast period include bio-based water-based adhesives, high-performance formulations, nanotechnology integration, packaging innovation.
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Scope Of Water-Based Adhesives Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Water-Based Adhesives Market Overview
Market Drivers –
The adhesives market’s growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global real GDP growth will be 3.7% over 2019 and 2020 and 3.6% from 2021 to 2023. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market’s growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. For instance, according to the Asian Development Bank, a regional development bank, Asia’s share of world GDP is expected to increase to 40% by 2030 and 52% by 2050. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the water-based adhesives market during the forecast period.
Market Trends –
Many adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real-time insights and locate gaps in the manufacturing process. The data obtained is processed, analyzed, and interpreted by plant managers and senior-level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers of possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company, and H.B. Fuller.
The water-based adhesives market covered in this report is segmented –
1) By Type of Resin: Acrylic Polymer Emulsion (PAE), Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate Ethylene (VAE) Emulsion, Styrene Butadiene (SB) Latex, Polyurethane Dispersion (PUD)
2) By Product Type: Vinyl Acetate Adhesives, Starch/Dextrin Adhesives, Rubber Latex Adhesives, Protein/Casein Adhesives, Other Product Types
3) By Application: Tapes & Labels, Paper & Packaging, Building & Construction: Automotive & Transportation, Other Applications (consumer & DIY, leather & footwear, sports & leisure, and assembly)
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Regional Insights –
Asia-Pacific was the largest region in the water-based adhesives market in 2023. North America was the second-largest region in the global water-based adhesives market share. The regions covered in the water-based adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies –
Major companies operating in the water-based adhesives market include Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Inc., Sika AG, DuPont de Nemours Inc., DIC Corporation, 3M Company, Illinois Tool Works Inc., Ashland Inc., Mapei SPA, Pidilite Industries Ltd., Franklin International Inc., Huber Group, Alfa International Corporation, Akzo Nobel NV, PPG Industries Inc., Evonik Industries AG, Avery Dennison Corporation, Bayer Material Science, Lord Corporation, Ardex Group, Permabond LLC, Paramelt BV, Jowat SE, Aqua Based Technologies, Technical Adhesives Limited, Ellsworth Adhesives, Nadco Tapes and Labels Inc., Royal Adhesives & Sealants LLC, Eastman Chemical Company, Hexion Inc., Huntsman Corporation, Master Bond Inc., Momentive Performance Materials Inc., RPM International Inc., BASF SE
Table of Contents
1. Executive Summary
2. Water-Based Adhesives Market Report Structure
3. Water-Based Adhesives Market Trends And Strategies
4. Water-Based Adhesives Market – Macro Economic Scenario
5. Water-Based Adhesives Market Size And Growth
…..
27. Water-Based Adhesives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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