Global Water Based Lamination Adhesive Market, By Resin Type (PAE, PVA Emulsion, VAE Emulsion, SB Latex, and PUD), By Application (Tapes & Labels, Paper & Packaging, Woodworking, Building & Construction, and Automotive & Transportation), By End-Users (Food & Beverage, Pharmaceuticals, Consumer Products) – Industry Trends and Forecast to 2029.
Market Analysis and Size
The packaging industry has been evolving in recent years, with the manufacturing and industrial sectors adapting to flexible packaging. The rigid packaging industry is dropping its share to the flexible packaging industry in the worldwide packaging industry.
Data Bridge Market Research analyses that the water based lamination adhesive market was valued at USD 4689 million in 2021 and is expected to reach USD 6516.61 million by 2029, registering a CAGR of 4.2% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Market Definition
Water based laminating adhesives are a type of adhesive used to bond materials together in the manufacturing industry. Due to their long-term and robust bond formation properties on different surfaces such as metal, glass, wood, or plastic, they have been broadly adopted. Water based laminating adhesives compositions consist of a resin system which contains a polymer binder with water added during processing.
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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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Resin Type (PAE, PVA Emulsion, VAE Emulsion, SB Latex, and PUD), By Application (Tapes & Labels, Paper & Packaging, Woodworking, Building & Construction, and Automotive & Transportation), By End-Users (Food & Beverage, Pharmaceuticals, Consumer Products)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Henkel Adhesives Technologies India Private Limited (Germany), H.B. Fuller Company (US), Arkema (France), and Sika (Switzerland), 3M (US), Dow (US), Ashland (US), Coim Group (Italy), Vimasco Corporation (US), Flint Group (Europe), DIC corporation (Japan), L.D.Davis (US), Weilburger (Germany), Dural Industries (Germany), Bond Tech Industries (Canada), SAPICI S.p.A (Italy), merck KGaA (US), Bayer AG (Germany)
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Market Opportunities
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Water based Lamination Adhesive Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Growing demand for water based adhesives
Demand of water based adhesives in the tapes and labels application is high due to the use in medium like heavy-duty carton sealing, gift wrapping and decoration. Packaging of drug delivery system, packaging of construction materials during transit, packaging related to automotive and logistics, and packaging of consumer and industrial goods these are also the reason of high demand of water based lamination adhesives market Therefore, the packaging adhesive tapes market is one of reason for growth of water based lamination adhesive market.
Opportunities
- Growing trend of water based & solvent less adhesives
Use of water based laminating adhesives is rising due to the increasing concern regarding the generation of waste and emissions. Water based laminating adhesives are also being used for high-performance laminations and also used for the outdoor applications in the automotive industry.
Moreover, rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market's growth rate.
Restraints/ Challenges
Chemical industry face lots of challenges due to regulatory authorities such as the European Union (EU), Globally Harmonized System (GHS), Control of Substances Hazardous to Health (COSHH), Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), and the Environmental Protection Agency (EPA). These are the major restraints that affect the growth of the water based lamination adhesive market.
This water based lamination adhesive 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 water based lamination adhesive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Water Based Lamination Adhesive Market
Many industries have been affected by the COVID-19 pandemic due to the disturbance in the supply chain. There were full or partial lockdowns in many countries and restrictions across borders and closure of airports hindered global trade. Automobile sector was also rigorously affected due to covid-19 companies couldn't operate with appropriate covid norms. During the covid, people preferred packed food products and prepared to eat food items which raise the demand for packaging and thus the demand for water based laminating adhesives increased.
Recent Development
- In August 2021, Arkema (Bostik) has developed the performance adhesive businesses for industrial application to create a pure specialty materials player.
Global Water Based Lamination Adhesive Market Scope
The water based lamination adhesive market is segmented on the basis of rein, application and end-user. The growth amongst these segments will help you analyze meagre 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.
Resin type
- Acrylic Polymer Emulsion (PAE)
- Polyvinyl Acetate (PVA) Emulsion
- Vinyl Acetate Ethylene (VAE) Emulsion
- Styrene Butadiene (SB) Latex
- Polyurethane Dispersion (PUD)
- Others
On the basis of product, the global water based lamination adhesive market is segmented into Acrylic Polymer Emulsion (PAE), Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate Ethylene (VAE) Emulsion, Styrene Butadiene (SB) Latex, Polyurethane Dispersion (PUD) and other.
Application
- Tapes and Labels
- Paper and Packaging
- Woodworking
- Building and Construction
- Automotive and Transportation
On the basis of usage, the global water based lamination adhesive market is segmented into Tapes and Labels, Paper and Packaging, Woodworking, Building and Construction, Automotive and Transportation.
End-User
- Food & Beverage
- Pharmaceuticals
- Consumer Products
- Others
On the basis of end-user, the global water based lamination adhesive market is segmented Food & Beverage, Pharmaceuticals, Consumer Products and others.
Water based Lamination Adhesive Market Regional Analysis/Insights
The water based lamination adhesive market is analysed and market size insights and trends are provided by country, resin, application and end-user as referenced above.
The countries covered in the water based lamination adhesive market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
North-America dominates the water based lamination adhesive market in terms of market share and revenue and will continue to flourish its dominance during the forecast period of 2022 to 2029. This is due to the growth of this region's automotive and transportation industry. This is a key factor driving the demand for these adhesives in this region.
Asia-Pacific is projected to be the fastest-developing regional market during the forecast period. The rising population and economic development mainly drive the development of this region's automotive and transportation industry.
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 Water Based Lamination Adhesive Market Share Analysis
The water based lamination adhesive 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 water based lamination adhesive market.
Some of the major players operating in the water based lamination adhesive market are:
- Henkel Adhesives Technologies India Private Limited (Germany)
- H.B. Fuller Company (US)
- Arkema (France)
- Sika (Switzerland)
- 3M (US)
- Dow (US)
- Ashland (US)
- Coim Group (Italy)
- Vimasco Corporation (US)
- Flint Group (Europe)
- DIC corporation (Japan)
- L.D.Davis (US)
- Weilburger (Germany)
- Dural Industries (Germany)
- Bond Tech Industries (Canada)
- SAPICI S.p.A (Italy)
- merck KGaA (US)
- Bayer AG (Germany)
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