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"Global Emulsion Adhesives Market is expected to reach US$ 21.9 Bn by 2028, at a CAGR of 5.4% During a Forecast Period."
The Emulsion Adhesives are driven by rising in the demand for environment-friendly products; developed nations are highly demanding emulsion adhesives and increase of the demand for acrylic emulsion adhesives especially in the Asia-Pacific region. These adhesives are highly utilized among permeable materials and they don’t tend to be toxic in nature when utilized on different substrates. The emulsion adhesives are generally applied as a polymeric base for various expensive end-users.
They are mostly utilized as bundling adhesives among paper bundling and paperboard bundling that incorporates the boxes, paper bags, and collapsible containers. Emulsion adhesives are additionally utilized as fasteners and taps that are not woven materials. Because of an increase in the production of products such as diapers, cleaning products, and other shopping materials, there is a high demand for emulsion adhesives globally. The adhesives are well admired in the market because of their easy conversion from one component to another when it's being utilized by the manufacturing organizations. The interest of emulsion adhesives is increased by 4.4% globally.
Emulsion adhesives are increasingly being utilized by various manufacturing industries because these solvents in the absence of organic compounds as they are non-flammable in nature. Because of these reasons the emulsion adhesives are attributed to a wide range of applications in machine and brush coating. The key driver of emulsion adhesives in the market are cost-effective and are having significant adhesive characteristics over other adhesive materials in the market.
Emulsion adhesives are also broadly used for thin coating along with additives. Such versatility in an application for a wide range of manufacturing activities is substantiating its market growth. Additionally, governments are enforcing stringent regulatory policies to control the pollution caused by various adhesives has plunged the demand for emulsion adhesives in the global market. Despite the emulsion adhesives having properties including low resistance to water, less transparency and has less adhesion strength there is a considerable surge in its demand.
Vinyl Acetate Polymers Segment is Dominant in the Emulsion Adhesive Market
The Vinyl acetate polymers are a leading segment of having high market share among others which are high prices. Due to the cost-effective nature, the vinyl acetate polymers have significant growth of market share. This is predominantly used as a base for white glue and woodworks have wide usage in the consumer goods manufacturing companies. These adhesives are amenable to speed up the production processes and it acts as the best source for strong bonding for paper as well as wood. Vinyl acetate polymers adhesives are largely utilized in manufacturing paperboard packaging in order to produce lightweight products of packaging that had stimulated the demand of these adhesives. It’s also highly in demand for bookbinding and construction activities etc. Its market share in the global market is estimated to be more than 2 million metric tons in the year 2019.
Asia Pacific Region to Dominate the Emulsion Adhesive Market:
The region has stringent policies enforced in order to make a substantial decrease in pollutants has attributed to the rise in the demand of emulsion adhesive market. There is a high usage of emulsion adhesives for packaging materials in this region that has attributed to its market demand. These adhesives are significantly used for woodworking and furniture component manufacturing which is expected to have a steady growth during the forecast period.
There is a substantial rise in the growth of the emulsion adhesive market because of an increased amount of manufacturing organizations that require packaging and coating of the materials. The next highly growing market for emulsion adhesive is North-America contributing to the increase in the manufacturing of packaging materials. There is a high demand from the end-user because of an increase in the furniture market. This is because of an increase in the investments among the manufacturing industry.
The competency is less in the emulsion adhesives market due to a few players in this market. Due to the presence of a few players in this market organizations could gain opportunities by having significant investments. The penetrative rate of these organizations is also high because of the high demand for adhesives in the market.
Prominent players in the emulsion adhesives market are listed as follows; Celanese Corporation, BASF SE, The Dow Chemical Company, Arkema Co., Koninklijke DSM N.V., DIC Corporation, Trinsea Co., Wacker Chemie AG, OBnova Solutions Inc., Nuplex Industries Ltd.
Key Segments of Emulsion Adhesives
- Acrylic Polymer Emulsion
- Vinyl Acetate Ethylene (VAE) Emulsion
- Polyurethane Dispersion (PUD)
- Polyvinyl Acetate (PVA) Emulsion
- Tapes & Labels
- Paper & Packaging
- Automotive & Transportation
- North America
- Latin America
- Asia Pacific
- Middle east & Africa