The water-based adhesive tape market is evaluated at US$23.411 billion for the year 2020, growing at a CAGR of 5.84% to reach a market size of US$34.837 billion by the year 2027.
Water-based adhesive, also known as water-borne adhesive, is a type of adhesive that is created from soluble synthetic or natural polymers. They can be made from natural or man-made materials. Water-based adhesives are chemical substances that generate mixes of water, polymer, and other additives. They come in powder and liquid form. Wet bonding adhesives require at least one component to be water permeable for water to escape from the bond line.
Water-based adhesives are utilized in a variety of applications, including paper and packaging, tapes and labels, building and construction, and automotive and transportation, because of their flexibility and rapid setting time. For the worldwide water-based adhesive market, all of these agents can foretell a calculable amount of growth.
Furthermore, water-based adhesives provide a variety of essential qualities such as endurance, flexibility, and cost-effectiveness, propelling the water-based adhesive market to new heights. Another factor fueling the market's growth is the increased need for lightweight, low-polluting automobiles. Customers' shifting demand for sportswear as a result of increased sports activities for the sake of health and fitness will have a beneficial impact on the water-based adhesive market's development shortly.
However, a short shelf life combined with the inability to keep the product for a longer period are two challenges that are expected to stymie the development of the water-based adhesion market.
During the projection period, the acrylic polymer emulsion segment is expected to hold the biggest market share. Acrylic polymer emulsion is an ecologically sound glue that achieves a good mix of shear, tack and peel strength. It's popular in a wide range of packaging applications. Acrylic polymer emulsion is also utilized in the automobile industry to bond backing materials, which helps to minimize vibrations in vehicle body panels.
Water-based adhesives are in high demand in the tape and label industry due to their use in medium and heavy-duty carton sealing, bundling and strapping, gift wrapping and decoration, and stationery. Tapes and labels are mostly employed in the packaging of electronic and electrical equipment, hygiene and medical packaging, drug delivery systems packaging, packaging of building materials in transit, automotive and logistics packaging, and consumer and industrial goods packaging. As a result, the market for packaging adhesive tape is expanding, which is driving demand for water-based adhesives.
In terms of consumption, Asia-Pacific dominated the water-borne adhesives market. China is currently the world's largest consumer of water-based adhesives, followed by India. China is home to the majority of the market's key participants. China's rapidly expanding packaging industry is expected to increase the demand for water-borne adhesives. The building and packaging industries in India have seen significant expansion in recent years as a result of increased government investment. Furthermore, evolving consumer preferences toward flexible packaging could provide several chances for the Asia-Pacific water-based adhesives market to expand. As a result, the Asia-Pacific region is expected to dominate the market over the forecast period.
The coronavirus epidemic has wreaked havoc on the world economy, hurting households, businesses, infrastructure corporations, and industrial facilities all at the same time. Due to the excessive lockout, short supplies and event cancellations have had a significant impact on several industrial sectors, including packaging, which had an indirect effect on the water-based glue industry dynamics. During the COVID-19 pandemic, however, the quick increase in demand for pharmaceutical and ready-to-eat food goods resulted in a surge in the use of shelf-ready packaging options. These characteristics, together with the progressive relaxation of stringent lockdown and other limitations in numerous economies, aided the industry's resurgence.
Bostik released Aquagrip 3720, a novel water-based adhesive, in August 2020. It is designed to connect stiff substrates, low surface energy, closed-cell foam, and foam-backed materials for automobile interior assembly applications.
ATP Adhesive Systems Group, a Swiss firm that develops and manufactures client-specific adhesive products, announced the acquisition of BDK Industrial Products Ltd. in March 2021 for an undisclosed sum. The acquisition is expected to strengthen both firms' market positions and enable them to offer a wider range of customized products to their customers, such as medical adhesive tapes and customized adhesive tapes. BDK Industrial Products Ltd. is a specialized adhesive tape converter based in the United Kingdom that has established itself as a solution provider for customers in the healthcare and other industries.
|Market size value in 2020||US$23.411 billion|
|Market size value in 2027||US$34.837 billion|
|Growth Rate||CAGR of 5.84% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Production Process, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Henkel Corporation, Pidilite Industries Limited, H.B. Fuller Company, 3M, Covestro AG, The Dow Chemical Company, Master Bond Inc., BASF SE, LORD Corporations, SIKA CORPORATION|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the water-based adhesive tape market?
A1. The water-based adhesive tape market is projected to grow at a CAGR of 5.84% during the forecast period.
Q2. What will be the water-based adhesive tape market size by 2027?
A2. The global water-based adhesive tape market is projected to reach a market size of US$34.837 billion by 2027.
Q3. What is the size of the global water-based adhesive tape market?
A3. Water Based Adhesive Tape Market was valued at US$23.411 billion in 2020.
Q4. Which region holds the maximum market share in the water-based adhesive tape market?
A4. The Asia-Pacific region is expected to dominate the water-based adhesive tape market over the forecast period.
Q5. What factors are anticipated to drive the water-based adhesive tape market growth?
A5. The water-based adhesives provide a variety of essential qualities such as endurance, flexibility, and cost-effectiveness, propelling the water-based adhesive market growth.
Pidilite Industries Limited
H.B. Fuller Company
The Dow Chemical Company
Master Bond Inc.
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