Water-based Adhesive Market

Global Water-Based Adhesives Market Size (2024 to 2032)

The Water-based Adhesive Market size was valued at USD 19.69 billion in 2023. The global market size is estimated to reach USD 40.01 billion by 2032 from USD 21.30 billion in 2024, recording a compound annual growth rate of above 8.2% over the forecast period from 2024 to 2032

MARKET OVERVIEW

Water-based adhesives are chemical composites made up of a mixture of water, polymers, and different additives. These adhesives are in liquid or powder solution form. They are suitable for porous or non-porous substrates. These adhesives are activated after the water they contain evaporates from the liquid solution or when the substrate absorbs water from the solution.

The water-based adhesive is usually prepared from natural or artificial soluble polymers. Water usually plays the major role of carrier fluid to control the fluidity of useful adhesive composites for several substrates with a lot of thicknesses. The recyclable water-based adhesive is broadly employed by CleanFlake adhesive technology formulated by Avery Dennison, one of the successful souls of the Plastics Recycling 2018 conference. The adhesive is made to quickly adhere to thermoformed containers or bottles of polyethylene terephthalate (PET) until the end of its life cycle while it separates cleanly during the recycling process.

One of the main factors driving the global water-based adhesives market is the growing demand from the packaging industry. Enhanced features such as durability, flexibility, and economic efficiency are factors that stimulate market growth. Increased demand for light and low-emission vehicles must play an important role in the growth of the market. Reduced shelf life and inability to store the product for a long period of time is supposed to decrease market growth. Vulnerable commodity costs are also predicted to slow industry expansion. Growing preference for technologically advanced and environmentally friendly products in various end-use industries, such as water-based adhesives, which offer advantages over conventional solvent-based adhesives in terms of VOC emissions, determines business growth. Also, these adhesives offer high performance compared to their counterparts in terms of efficiency and flexibility. This is among the crucial trends identified in the global market for water-based adhesives.

Government regulations limiting VOC emissions support the demand for water-based products. However, the formulation of water-based adhesives is very complex compared to that of solvent-based adhesives. Therefore, in turn, it is expected to hinder growth in the global market for water-based adhesives in the future. Slower drying and freezing at low temperatures are the main problems with water-based adhesives. Due to the volatile characteristics of the water, the drying process takes long hours and the working process may be delayed. Therefore, the slower drying nature limits the growth of water-based adhesives.

REPORT COVERAGE

DETAILED SEGMENTATION OF THE GLOBAL WATER-BASED ADHESIVE MARKET INCLUDED IN THIS REPORT

This research report on the global water-based adhesive market has been segmented and sub-segmented based on type, product, and region.

Global Water-based Adhesive Market By Type

• Acrylic Polymer Emulsion (PAE)
• Polyvinyl Acetate (PVA) Emulsion
• Vinyl Acetate Ethylene (VAE) Emulsion
• Styrene Butadiene (SB) Latex
• Polyurethane Dispersion (PUD)
• Vinyl Acetate Acrylates (VAA)
• Polyvinylpyrrolidone
• Cellulose ethers
• Methylcellulose
• Modified silyl
• Butadiene-acrylonitrile
• Dextrin/starch-based adhesives and casein
• Polychloroprene adhesives

The acrylic polymer emulsion segment would represent the largest share during the outlook period. The acrylic polymer emulsion is an environmentally friendly adhesive that provides a proper balance between shear, adhesion, and bond breakout resistance.

Global Water-based Adhesive Market By Application

• Tapes and labels
• Paper and packaging
• Building and Construction
• Automotive and Transportation
• Consumer & DIY
• Leather & Footwear
• Sports & Leisure
• Assembly

The tapes and label sector is predicted to be the quickest-rising water-based adhesive application throughout the foreseen period.

REGIONAL ANALYSIS

• North America 
• Europe 
• Asia Pacific 
• Middle East & Africa
• Latin America 

APAC's water-based adhesive industry is known to be one of the top industries in the world. According to the Population Reference Bureau, the quickest-developing customer industries in China, India, and other APAC nations had a collaborated population of close to 4 billion (in 2019). This huge population is predicted to become a very significant driver for sectors like the paper and packaging industry, carpentry, construction, and automotive and transportation in the coming 20 years. Water-based adhesives have significant uses in these businesses that are predicted to drive the expansion in the APAC industry.

Market demand for water-based adhesives in Europe, driven by the United Kingdom, Germany, Spain, and France, could experience strong growth due to increased demand in the construction, automotive and military sectors. The German construction industry is expected to experience rapid growth due to increased public spending on bridges and highways and increased business investment in buildings. The growth of the urban population and the increase in the number of immigrants has further increased the growth of the market. The growth of the UK furniture industry due to low prices and high-quality furniture available to consumers may accelerate the growth of the water-based adhesive market. North America, powered by Canada and the size of the US market for water-based adhesives, may experience an upward trend due to government-established policies for green products and opportunities for increased construction.

KEY MARKET PLAYERS

Some of the key players in the global Water-based Adhesives market are Henkel AG & Co, KGaA, BASF SE, SIKA AG, Eastman Chemical Company, H.B. Fuller Company, 3M, Evonik Industries AG, Royal Adhesives & Sealants, Ashland, Power Adhesives Ltd, Bostik, Inc, Dymax Corporation, and Others.

RECENT HAPPENINGS IN THE MARKET

• H.B. Fuller Firm has declared that it has got into an agreement to buy Royal Adhesives & Sealants, a dominating maker of high-worth specialty adhesives and sealants. This company consistently offers advanced growth rates, EBITDA margins, and free cash flow that should improve H.B. Fuller as a world leader in the adhesive industry.

• Henkel presents the latest web portal on pressure-sensitive adhesives. The pressure-sensitive adhesive (PSA) industry is very much complicated with innumerable application possibilities and several technologies.