Asia-Pacific Waterborne Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Asia-Pacific Waterborne Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Asia-Pacific waterborne adhesives market is expected to grow at with a CAGR greater than 7% during the forecast period. One of the major factors driving the market growth is the growing demand from building & construction industry. However, limited resistance of waterborne adhesives to moisture and water is hindering the growth of the market studied.

Key Highlights

• Advancements in food packaging and safety industry is expected to provide a major growth opportunity for the market studied.
• China accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
• Among the application areas, packaging industry is expected to witness the highest growth rate during the forecast period.

Key Market TrendsPackaging Industry is likely to Witness the Highest Growth Rate

• Packaging is a rapidly growing industry with respect to waterborne adhesives as they are nonreactive and safer as compared to other types of adhesives.
• Waterborne adhesives are cost-effective, non-reactive, and quick hardening as compared to previous adhesive technology.
• Thus, the use of waterborne adhesives in packaging materials is seen as a technologically upward trend in the Asia-Pacific region.
• Also the use of waterborne adhesives is seen as an eco-friendly step among the manufacturers.
• Hence, owing to the above-mentioned reasons, packaging industry is likely to witness the highest growth rate during the forecast period.

China to Dominate the Market Studied

• China accounts for the major market share for the Asia-Pacific waterborne adhesives market owing to the high demand from packaging and building & construction industries.
• Rapid urbanisation and population growth of the country has propelled infrastructure and construction activities in this region, which, in turn, has boosted the demand fro waterborne adhesives in the country.
• Additionally, the growing demand from the packaging industry is also driving the demand for waterborne adhesives in the country.
• Hence, owing to the above-mentioned reasons, China is expected to dominate the market studied during the forecast period.

Competitive Landscape

The Asia-Pacific waterborne adhesives market is moderately consolidated as the market of the market share is divided among a few players. Some of the key players in the market include 3M, Arkema Group, Dow, Henkel AG & KGaA, and Sika AG, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

3M
Arkema Group
Ashland
Dow
Henkel AG & Co. KGaA
Huntsman International LLC.
Paramelt RMC B.V.
Pidilite Industries Ltd.
Sika AG

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