Home > Chemicals & Materials > Adhesives and Sealants > Construction Adhesives > Water-Based Adhesive Market
Water-Based Adhesive Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032
- Report ID: GMI2702
Water-Based Adhesive Market Size
Water-Based Adhesive Market is projected to witness a major upsurge over 2024-2032, owing to the rapid advancements in emulsion technology and subsequent development of water-based inks and adhesives as a sustainable and effective alternative to solvent-based systems for flexible packaging.
As of February 2022, more than 4500 companies worldwide have achieved B Corp certification. B Corps meet rigorous standards for social and environmental performance, transparency, and legal accountability, committed to leveraging market forces for positive societal and environmental impact. With increasing concerns over environmental sustainability and regulatory pressure to reduce volatile organic compound (VOC) emissions, industries are transitioning towards water-based adhesive formulations.
Water-Based Adhesive Market Trends
There is a growing emphasis on performance and versatility, with advancements in formulation techniques leading to water-based adhesives that offer comparable or superior bonding strength and durability to their solvent-based counterparts. Moreover, the expansion of end-use applications across industries such as packaging, construction, automotive, and healthcare is driving market growth, prompting further innovation and investment in R&D to meet evolving consumer needs.
Water-Based Adhesive Market Analysis
The construction application segment is set to hold a commendable industry share by 2032, attributable to varied factors including rapid urbanization, and increased demand for green building. Water-based adhesives offer several advantages in construction applications, including low volatile organic compound (VOC) emissions, reduced environmental impact, and compliance with stringent regulations. Additionally, the shift towards prefabricated construction methods and modular building systems further drives the demand for water-based adhesives, as they provide efficient and reliable bonding solutions for assembling components onsite.
North America water-based adhesive industry is expected to register a remarkable revenue over the forthcoming years, on account of the mounting construction activities with rise in population and need for residential spaces. In addition, the introduction of various regulations and policies to ensure sustainability and green living across the region will further impel the consumption of environment-friendly products such as water-based adhesives for construction and other applications over the foreseeable future.
Water-Based Adhesive Market Share
Prominent companies in the water-based adhesive industry include:
- Franklin International
- 3M Company, LLC
- Illinois Tool Works
- Huber Group
- Evonik (RAG-Stiftung)
- Dow Silicones Corporation (formerly Dow Corning)
- DIC Corporation
These participants are focusing on varied efforts including new product launches and M&A to expand their portfolio and presence across the global market.
Water-Based Adhesive Industry News
- In June 2023, DIC Corporation revealed its acquisition of 100% ownership of Quebec-based PCAS Canada Inc. from the French-based company PCAS S.A.
- In November 2023, 3M showcased its commitment to sustainability at the 6th China International Import Expo, highlighting innovative products and processes aligned with environmental stewardship.
What Information does this report contain?
