Global Emulsion Adhesives Market, By Chemical Composition (Rubber-based and Acrylic-based), Product (Permanent and Removable), Type (Acrylic Polymer Emulsion, Lattices, Vinyl Acetate Ethylene (VAE) Emulsion, Polyurethane Dispersion (PUD), Polyvinyl Acetate (PVA) Emulsion, and Others), Application (Tapes and Labels, Paper and Packaging, Construction, Automotive and Transportation, Woodworking, and Others) – Industry Trends and Forecast to 2031.
Emulsion Adhesives Market Analysis and Size
The emulsion adhesives market is experiencing steady growth, driven by the increasing demand from various end-use industries such as packaging, woodworking, paper and packaging, and textiles. The market is propelled by factors such as the rising demand for eco-friendly and sustainable adhesives, stringent regulations regarding volatile organic compound (VOC) emissions, and the growing trend of lightweight and cost-effective bonding solutions. Additionally, the construction industry's growth, particularly in emerging economies, is boosting the demand for emulsion adhesives in applications such as carpet laying, flooring, and insulation. Moreover, technological advancements leading to the development of high-performance emulsion adhesives with improved bonding strength, durability, and resistance to environmental factors are further fueling market growth.
Global emulsion adhesives market size was valued at USD 17.02 billion in 2023 and is projected to reach USD 28.59 billion by 2031, with a CAGR of 6.70% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Chemical Composition (Rubber-based and Acrylic-based), Product (Permanent and Removable), Type (Acrylic Polymer Emulsion, Lattices, Vinyl Acetate Ethylene (VAE) Emulsion, Polyurethane Dispersion (PUD), Polyvinyl Acetate (PVA) Emulsion, and Others), Application (Tapes and Labels, Paper and Packaging, Construction, Automotive and Transportation, Woodworking, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America
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Market Players Covered
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Wacker Chemie AG (Germany), Ashland (U.S.), Henkel Adhesives Technologies India Private Limited (India), H.B. Fuller Company (U.S.), 3M (U.S.), Pidilite Industries Ltd (India), Arkema (France), Dow (U.S.), CEMEDINE Co., Ltd. (Japan), Paramelt RMC B.V. (Netherlands), STI Polymer (U.S.), Tailored Chemical (U.S.), Halltech Inc. (U.S.), StanChem Inc. (U.S.), Falcon Chemicals LLC (U.A.E.), Valco Cincinnati, Inc. (U.S.), Star Bond (Thailand), Company Limited (Thailand), Sika AG (Switzerland), Franklin International (U.S.), Parker Hannifin Corp (U.S.), Mapei S.p.A (Italy)
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Market Opportunities
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Market Definition
Emulsion adhesives are water-based adhesives that are composed of dispersed polymer particles in an aqueous solution. These adhesives are known for their versatility and are used in various industries, including packaging, woodworking, paper conversion, and textiles. Emulsion adhesives offer advantages such as fast drying times, low odor, and environmental friendliness, making them a popular choice for many applications.
Emulsion Adhesives Market Dynamics
Drivers
- Growing Demand for Eco-Friendly Adhesives
The increasing global awareness about environmental concerns and the stringent regulations promoting the use of eco-friendly products are key drivers for the growing demand for emulsion adhesives. These adhesives are water-based and have lower VOC emissions compared to solvent-based adhesives, making them more environmentally friendly. As sustainability becomes a central focus for industries and consumers alike, the demand for emulsion adhesives is expected to continue rising. Manufacturers are increasingly looking to adopt eco-friendly solutions in their production processes, further driving the growth of the emulsion adhesives market.
- Rising Use in Packaging Industry
Emulsion adhesives are witnessing significant adoption in the packaging industry due to their versatility and eco-friendly nature. They are extensively used for various applications such as carton sealing, laminating, and labeling. The growth of e-commerce has further fueled the demand for efficient and sustainable packaging solutions, driving the adoption of emulsion adhesives. As companies strive to reduce their environmental footprint and meet regulatory requirements, the demand for emulsion adhesives in the packaging industry is expected to continue increasing.
Opportunities
- Growth in Automotive Industry
Emulsion adhesives are ideal for automotive interior applications such as upholstery, carpeting, and headliners. They offer advantages such as strong bonding, flexibility, and resistance to heat and humidity, making them suitable for use in vehicles. As the automotive industry continues to grow and evolve, the demand for emulsion adhesives is expected to increase, driven by the need for high-performance bonding solutions. The automotive industry, particularly in emerging economies, is experiencing significant growth, which presents opportunities for the use of emulsion adhesives in various applications.
Restraints/Challenges
- Competition from Other Adhesive Types
Emulsion adhesives face stiff competition from other adhesive types, particularly hot melt and solvent-based adhesives, which offer similar performance characteristics and are preferred in certain applications. The competition from these adhesive types poses a challenge to the growth of the emulsion adhesives market, as manufacturers strive to differentiate their products and compete on factors such as performance, cost-effectiveness, and environmental impact.
- Fluctuating Raw Material Prices
The emulsion adhesives market is significantly impacted by the fluctuations in raw material prices, particularly those of acrylic monomers and other essential chemicals used in adhesive formulations. These price fluctuations can be caused by various factors, including changes in crude oil prices, supply chain disruptions, geopolitical tensions, and variations in demand for these chemicals across different industries. When raw material prices rise, manufacturers face increased production costs, which can erode profit margins and make it challenging to maintain competitive pricing. This situation can hinder market growth.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In July 2023, Sika agreed to purchase a prominent manufacturer of tile setting materials, which operates under the umbrella brand Chema, in Peru. This acquisition enhances Sika’s standing in the rapidly expanding mortar market and creates substantial cross-selling prospects by expanding its presence in the distribution network
- In February 2023, 3M introduced a new medical adhesive designed to adhere to the skin for up to 28 days, doubling the previous standard of up to 14 days for extended medical adhesives. This innovation is intended for use with various health monitors, sensors, and long-term medical wearables, aiming to enhance patient care with a more extended wear time
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Emulsion Adhesives Market Scope
The market is segmented into three notable segments based on chemical composition, product, type, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Chemical Composition
- Rubber-based
- Acrylic-based
Product
- Permanent
- Removable
Type
- Acrylic Polymer Emulsion
- Lattices
- Vinyl Acetate Ethylene (VAE) Emulsion
- Polyurethane Dispersion (PUD)
- Polyvinyl Acetate (PVA) Emulsion
- Others
Application
- Tapes and Labels
- Paper and Packaging
- Construction
- Automotive and Transportation
- Woodworking
- Others
Emulsion Adhesives Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by country, chemical composition, product, type, and application as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
Asia-Pacific dominates the market due to rising demand for emulsion adhesives across a wide range of end-use industries, such as packaging, automotive, and woodworking. In addition, there has been a significant increase in research and development activities aimed at enhancing the performance and application of emulsion adhesives, further fueling market growth. The region benefits from favorable government investment policies that aim to promote industrial growth, encouraging manufacturers to expand their production capacities and invest in new technologies.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Emulsion Adhesives Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Wacker Chemie AG (Germany)
- Ashland (U.S.)
- Henkel Adhesives Technologies India Private Limited (India)
- H.B. Fuller Company (U.S.)
- 3M (U.S.)
- Pidilite Industries Ltd (India)
- Arkema (France)
- Dow (U.S.)
- CEMEDINE Co., Ltd. (Japan)
- Paramelt RMC B.V. (Netherlands)
- STI Polymer (U.S.)
- Tailored Chemical (U.S.)
- Halltech Inc. (U.S.)
- StanChem Inc. (U.S.)
- Falcon Chemicals LLC (U.A.E.)
- Valco Cincinnati, Inc. (U.S.)
- Star Bond (Thailand) Company Limited (Thailand)
- Sika AG (Switzerland)
- Franklin International (U.S.)
- Parker Hannifin Corp (U.S.)
- Mapei S.p.A (Italy)
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