Market Snapshot

CAGR:5.20%
2020
2028

Source: Reports and data

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Study Period 2020-2028
Base Year 2019
CAGR 5.20%
Emulsion Adhesives Market-companies
Emulsion Adhesives Market-Snapshot

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Market Synopsis

Market Summary

The global emulsion adhesives market size was USD 15.63 Billion in 2020 and is expected to reach a value of USD 23.57 Billion by 2028, and register a CAGR of 5.2% during the forecast period.

Revenue growth of the global emulsion adhesives market is driven by increasing demand for eco-friendly adhesives for applications in manufacturing furniture, woodworking, paper working, and packaging, among others.

Market Dynamics:

Drivers:

Emulsion adhesives are acrylic polymer adhesives formed by emulsifying and polymerizing acetic vinyl, Acrylic Resins, Ethylene vinyl acetate (EVA), and Styrene-Butadiene latex. These water-based products are manufactured without using Solvents, and can be applied by using various methods such as brush coating and machine coating. These adhesives are non-toxic and non-flammable in nature, hence, more reliable than other adhesives. Non-flammable and environment-friendly properties of emulsion adhesives ensure enhanced safety measures for factory operations such as flameproof lighting, and ventilation, among others.

Increasing demand for low-cost and flexible packaging alternatives and growing demand for low-emission automobiles are resulting in higher adoption of emulsion adhesives, which are major factors expected to drive growth of the global emulsion adhesives market to a significant extent. Demand for eco-friendly adhesives, which are safer to use while manufacturing and application, is driving demand for emulsion adhesives. Usage of emulsion adhesives in the construction industry is expected to create revenue opportunities for players operating in the global market.

Restraints:

Fluctuating raw material costs could hamper growth of the global market. In addition, availability of substitutes such as solvent-less adhesives and hotmelt adhesives is another factor that could hamper revenue growth of the global market to some extent.

Market Insights:

Product Outlook:

Among the product type segments, the permanent segment accounted for comparatively lager revenue share in the global emulsion adhesives market in 2020. The removable segment, on the other hand, is expected to register higher revenue growth rate during the forecast period. This is because it is practically not possible to remove permanent adhesives from edges without damaging substrate or label, due to strong adhesion. Removable adhesives enable removal with minimal or no damage to either substrate or label.

Resin Outlook

The acrylic Polymer Emulsion resin segment accounted for the largest revenue share in the global market in 2020. Among the adhesives available in the market, the acrylic adhesives is gaining popularity among end users, and is being highly used in Pressure Sensitive Tapes and labels such as decal applications, envelopes, and medical tapes, among others. Also, these adhesives are environment-friendly and provide proper balance between shear, tack, as well as peel strength of bond. These are factors expected to drive revenue share contribution of this segment.

Application Outlook:

Among the application segments, the automotive and transportation segment is projected to register the highest CAGR during the forecast period. Rapidly growing automotive industry, especially in Asia Pacific, increasing production and sales of vehicles or cars, and higher adoption of emulsion adhesives by OEMs for manufacturing automobile components such as headliners, interior trims, and tail lights are factors driving revenue growth of this segment.

The paper and packaging segment accounted for significantly large revenue share in the global market in 2020, due to rising trend of food takeaway or home delivery services, which increased during pandemic to a significant extent, and constant and rapid growth of Ecommerce sector across the world. These are factors expected to have a positive impact on revenue share contribution of this segment.

Region Outlook:

The Asia Pacific emulsion adhesives market accounted for the largest revenue share in the global market in 2020, and is expected to register the highest revenue growth rate during the forecast period. Major players operating in developed countries are strategically setting up manufacturing facilities in developing countries, and this, with increasing demand for emulsion adhesives due to low production costs benefit are key factors expected to boost growth of the Asia Pacific market. Markets in China and India are rapidly developing as global manufacturing centers for various end-use industries for emulsion adhesives including construction, packaging, automobile, and others. This factor is expected to drive demand and adoption of emulsion adhesives.

The North America market is expected to follow the Europe market in terms of revenue share in the global emulsion adhesives market in 2020. In the Europe market, presence of major manufacturers and inclination of end-use industries towards technologically advanced adhesives, which are environment-friendly and safe to use, is a major factor expected to drive market growth in the region. In addition, automotive manufacturers are using green and eco-friendly to comply with government regulations regarding lowering emissions, which is resulting in higher demand for emulsion adhesives, and driving market growth.

In the North America market, well-established end-use industries such as automotive and packaged food products in the countries in the region, coupled with high demand for emulsion adhesives for strong adhesion in packaging and automobile parts in respective industries are factors expected to drive growth of the North America market during the next 7 years.

Companies considered and profiled in the market report

Wacker Chemie, Arkema (Bostik), Ashland Inc., DOW, Henkel, H.B. Fuller, Franklin International, Lord Corporation, Mapei S.P.A., 3M Company, Pidilite Industries Ltd. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.

Segments covered in the report:

This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each segment from 2018 to 2028. The global emulsion adhesives market report includes market size, market share, ongoing industry trends, market revenue or revenue share contributed by each regional market, and each of the segments. In addition, the report offers industry analysis in terms of revenue growth opportunities for existing as well as entry level players.

The report includes a detailed view of the global emulsion adhesives market, along with changing dynamics and trends, scenarios, recalls, detailed market and regional segmentation, regional landscape, analysis and evaluation or revenues and investments, and details of historical, current, and projected revenue. Also, recent trends, DROT, and related developments in the global emulsion adhesives market are included. Competitive landscape includes revenue share, financials, and various strategies adopted by key players in the market along with product offerings.

Emulsion Adhesives Market Report Scope

PARAMETERS DETAILS
The market size value in 2020 USD 15.63 Billion
CAGR (2020 - 2028) 5.2%
The Revenue forecast in 2028

USD 23.57 Billion

Base year for estimation 2019
Historical data 2017-2018
Forecast period 2020-2028
Quantitative units
  • Revenue in USD Billion

  • CAGR from 2020 to 2028

Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered By Product Outlook, Resin Outlook, Application Outlook, Regional Outlook
By Product Outlook
  • Permanent
  • Removable
By Resin Outlook
  • Acrylic Polymer Emulsion
  • Polyvinyl Acetate (PVA) Emulsion
  • Vinyl Acetate Ethylene (VAE) Emulsion
  • SBC Latex
  • Others
By Application Outlook
  • Paper & Packaging
  • Automotive & Transportation
  • Woodworking
  • Tapes & Labels
  • Others
Regional scope North America; Europe; Asia Pacific; Latin America ; Middle East & Africa
Country scope U.S.; Canada; U.K.; Germany; France; BENELUX; China; India; Japan; South Korea; Brazil; Saudi Arabia; UAE; Turkey
Key companies profiled Wacker Chemie, Arkema (Bostik), Ashland Inc., DOW, Henkel, H.B. Fuller, Franklin International, Lord Corporation, Mapei S.P.A., 3M Company, Pidilite Industries Ltd. 
Customization scope 10 hrs of free customization and expert consultation

For the purpose of this report, Reports and Data has segmented the global emulsion adhesives market on the basis of product, resin, application, and region:

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Key questions answered by the report