The usage of emulsion adhesives is high among the furniture and textile industries attributing to its high market demand. The rise in its demand is because of the need for environmentally-friendly offerings that could bind substrates together. These adhesives are in high demand by the countries where abundant manufacturing companies are present. The adhesives have high usage in the paper bundling and paperboard packaging materials which are widely utilized for various commercial purposes. These emulsions are additionally utilized as fixtures and fasteners in various manufacturing organizations to reduce errors. Increased manufacturing of diapers, cleaning products and other shopping materials contributed to high demand for the emulsion adhesives market.
Emulsion adhesives are largely used in manufacturing companies due to when solvents are in the absence of organic compounds they are not flammable. Such features are of emulsion adhesives that contribute to a wide range of application as a coating. A key driver of emulsion adhesives is its cost-effectiveness and strong adhesive characteristics over other adhesive substrates in the market. Emulsion adhesives are also widely accepted in thin coating along with additives. Such flexibility of usage in a broad range of manufacturing activities contributes to its market growth. Governments are imposing stringent policies to control pollution caused by various adhesive had plunged demand for emulsion adhesives in the market. Despite emulsion adhesives having characteristics including less resistance to water, low transparency there is a surge in its demand.
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Global Emulsion Adhesives Market was valued at USD 12.98 billion in 2018 and is expected to reach USD 20.8 billion by 2027, at a CAGR of 5.4% during a forecast period.
SB Latex segment has dominant market share polymer in the market:
The SB latex is highly utilized among the adhesives as a pressure-sensitive base material. It is complete with high-performance acrylics and special butyl rubber compounds. The SB emulsion provides high resistance to water and other solvents having resistance to low temperatures and high tensile strength. The production of this latex is estimated to cross 900,000 metric tons by 2020. Vinyl acetate polymers are the adhesives having the highest market share of the market, Polyvinyl acetate, ethylene vinyl acetate and other polymers are cost-efficient, and are non-toxic in nature. Most importantly, PVA is utilized as a base for carpenter’s wood as well as paper works glue. Its general-purpose is to be utilized among the products of consumer products. The adhesives contribute to high production processes and function as a best in the bonding of paper and furniture. In particular, PVA and EVA adhesives are widely used in a wide range of manufacturing activities contributing to consumer goods.
Asia-Pacific region leads the emulsion adhesives market:
The region is open for various investments contributing to the expansion of emulsion adhesives market share. The APAC has fewer barriers for the companies who want to invest in this region in manufacturing emulsion adhesive. Such factors are driving the market demand in the APAC region due to an abundance of manufacturing organizations. The region also constitutes of chemical manufacturing companies contributing to the increased production activities of emulsion adhesives. Moreover, there are numerous customers who utilize these offerings at a high range enabling them to offer end products such as furniture and paper bags etc. The region has high penetrative nature for adhesive manufacturing organizations that could improve the overall quality of end products in this region. Governments are also imposing stringent regulations that require companies to comply with environmentally friendly policies when manufacturing adhesives of a wide range. Because of the availability of cost-effective labour, the companies do get an advantage out of this.
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.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
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e) Market assessment, regional
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