The water-based adhesive market is anticipated to grow considerably owing to its properties such as flexibility, quick set, and strong bond creation. Furthermore, rising concerns about environment conservation also benefit the water-based adhesive market. This is because the water-based adhesive is low in volatile organic compounds (VOC) as they are sourced from natural polymers (fish, soybean, casein) or soluble synthetic polymers (cellulose ethers, polyvinyl alcohol, cellulose ethers). It is supplied either in the form of a pre-mixed solution or dry powder.
Numerous Advantages Proving to Be Growth Generators for Water-Based Adhesive Market
The wide range of benefits offered by water-based adhesives is expected to fuel the growth of the water-based adhesive market. The construction sector is witnessing steady growth and is moving towards green construction techniques. As water-based adhesives have less VOC content, construction companies prefer the same to a great extent. Hence, this may bring good growth for the water-based adhesive market.
Construction chemicals also make great use of water-based adhesives because of their initial adhesion properties, low toxicity, and high solid content. The adhesives are solvent-free. Hence, they are safe for use in low-ventilation areas. Therefore, this serves as a growth multiplier for the water-based adhesive market. The use of water-based adhesives in furniture making may also boost the growth rate of the market to a great extent.
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Manufacturers are investing more in research and development activities to enhance the product-efficiency. For instance, H.B. Fuller Company launched a new R&D center in India. The growing demand for water-based adhesives leads to a plethora of mergers and acquisitions in the water-based adhesive market. The acquisition of Royal Adhesives and Sealants by H.B. Fuller Company is a classic instance. Some of the major players in the water-based adhesive market are Evonik Industries, The Dow Chemical CO., Henkel AG & Company, H.B. Fuller Company, and Bayer Material Science.
