Global Waterborne Adhesives Market 2016–2024

Natural and soluble synthetic polymers are used to produce waterborne adhesives. The natural polymers include dextrins, proteins, starch, casein, bones, and hides. The soluble synthetic polymers are methylcellulose, polyvinylpyrrolidone, carboxymethylcellulose, polyvinyl alcohol, and cellulose. The waterborne adhesives are delivered as formulated powders that are dry or as a solution that can be mixed with water just before the application. The structure obtains the strength after the water is evaporated or absorbed by the substrate. The benefits of using waterborne adhesives are that they offer high solid content, high initial adhesion, and low or no solvent content, and thus being eco-friendly.

In terms of application, the global waterborne adhesives market is broadly segmented into book binding, bag manufacturing, tapes, paper lamination, wood assembly, flooring and construction, lap paste for cans and bottles, and others. In terms of polymer type, the market is segmented into natural polymers and synthetic polymers. In terms of product type, the market is segmented into latex, polyvinyl acetate (PVA), acrylics, ethylene vinyl acetate (EVA), and polyurethane (PU). On the basis of region, the market is categorized into Asia-Pacific, Europe, North America, Latin America, the Middle East and Africa.

The major drivers for the global waterborne adhesives market is the rising demand of the packaging industry. Waterborne adhesives are used in packaging tapes, flexible laminations, label applications, office tapes, and food packaging due to their heat and chemicals resistance. As waterborne adhesives are non-reactive by nature, they are preferred in food packaging industry. The automotive industry is growing rapidly in the regions and waterborne adhesives are used in interior structures of automobiles, thus propelling the market growth. The advances in the production of waterborne adhesives and bio-based waterborne adhesives are providing great opportunities for the market growth. As waterborne adhesives have properties such as high solid content, high adhesion properties, low toxicity, and are also eco-friendly, they are used in various industrial and commercial sectors. The factor limiting the market growth is its complex formulation. Compared with solvent-based adhesives, the formulation process of waterborne adhesives is highly complex.

Due to the growth of automotive, packaging, and construction industry, Asia Pacific is the dominating market for waterborne adhesives. The developing countries such as India, Brazil, and China are driven by the automotive industry, giving an impetus to the waterborne adhesives market. Asia Pacific is also the largest manufacturer of waterborne adhesives. China has the majority of production plants because of the availability of raw materials and low production cost. North America stands second in the waterborne adhesives market growth. The demand for the waterborne adhesives is primarily in the packaging and automotive industry. Europe stands third in the market by consumption but is second in the production of the waterborne adhesives. The European environmental agencies support the applications of waterborne adhesives as they are less dangerous to the environment.

Some major players in this market include Adhesives Research Inc., Ashland Inc., Avery Dennison Corporation, Beardow & Adams Ltd., Bostik Inc., Bayer, Cyberbond LLC., Dymax Corporation, H.B. Fuller, Super Glue Corporation, The Dow Chemical Company, Henkel Corporation, BASF SE, Sika AG, 3M, Adco Inc., and Momentive Specialty Chemicals.