Usually natural and soluble synthetic polymers are used to make water-based adhesives. Water-based polymers are soluble and their moisture resistance is limited, whereas some plant polymers are insoluble and therefore provide extended moisture resistance. The benefits of using water-based adhesives are that they have higher solids content, high initial tack, and low solvent content, so they are more environmentally friendly.
On the basis of application, the water-based adhesives market is broadly segmented into book binding, packaging bags, tapes, paper lamination, flooring and construction, etc. Based on product type, the water-based adhesives market is segmented into latex, PVA, acrylic, EVA, and PU. Markets include Asia Pacific, Europe, North America, Latin America, the Middle East and Africa.
The major factor driving the water-based adhesives market is the growing demand from the packaging industry. Due to their heat and chemical resistance, they are used in packaging tapes, flexible laminations, label applications, office tapes and food packaging. Since water-based adhesives are non-reactive in nature, they are preferred in the food packaging industry. The automotive industry is currently growing rapidly and water-based adhesives are used in interior lighting of automobiles, thus aiding the growth of the market. Advances in the production of water-based adhesives and bio-based water-based adhesives provide huge opportunities for market growth. Water-based adhesives are used in various industrial and commercial sectors due to their properties such as high solid content, high adhesion, low toxicity, and being also environmentally friendly. The factor hindering the market growth is its complex formulation methods. The formulation process for water-based adhesives is very complex compared to solvent-based adhesives.
Asia Pacific is the major market for water-based adhesives, owing to growth in the automotive, packaging and construction industries. Developing countries such as India, Brazil, and China, driven by the automotive industry, promote the growth of the water-based adhesives market. In addition to its dominant market position, Asia Pacific is also the largest producer of water-based adhesives. China is the country with the majority of production plants due to the availability of raw materials and low production costs. North America ranks second in the growth of the water-based adhesives market. The demand for water-based adhesives is mainly in the packaging and automotive industries. Europe ranks third in the market in terms of consumption but second in the production of water-based adhesives. European environmental agencies support the use of water-based adhesives because they are less harmful to the environment.
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