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Water-Based Adhesives Market Commodities, High Growth Opportunities, Segmentation, Market Trends By 2024-2033|Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Inc., Sika AG, DuPont de Nemours Inc.

The Water-Based Adhesives Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Water-Based Adhesives Global Market Report 2024, 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.

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.

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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)

The water-based adhesives market report table of contents includes: