This market is estimated to be USD 12.98 Billion in 2017 and is projected to reach USD 17.28 Billion by 2022, at a CAGR of 5.9% between 2017 and 2022.
The increasing use of eco-friendly adhesives in end-use industries is one of the most significant factors projected to drive the growth of the emulsion adhesives market. Emerging countries such as India, Brazil, Turkey, and Colombia are witnessing a rise in commercial and residential construction activities, which, in turn, is contributing to the growth of the emulsion adhesives market.
Emulsion adhesives are manufactured by the emulsification and polymerization of resins, such as PVA, VAE, and acrylic in water. They are generally free of solvents, and hence, are not flammable and non-toxic. These adhesives are mainly used for porous materials, such as paper, cloth, and wood. As emulsion adhesives are free of solvents, they are considered to be environment-friendly. Emulsion adhesives are used in various applications that include furniture, woodworking, decorated plywood, paper working, packaging, composite members, and panels.
The acrylic polymer emulsion segment is projected to be the largest and the fastest-growing resin type segment of the emulsion adhesives market. Acrylic polymer emulsions are environment-friendly adhesives and provide an adequate balance among shear, tack, and peel strength of the bond.
The automotive & transportation segment is projected to be the fastest-growing application segment of the emulsion adhesives market. This growth can be attributed to the expansion of the automotive industry in the APAC region, which has led to a rise in the production of automobiles. Emulsion adhesives are used in the manufacturing of various automobile components that include tail lights, headliners, and interior trims.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities for Market Players 4.2 Emulsion Adhesives Market: By Resin Type 4.3 Emulsion Adhesives Market in APAC 4.4 Global Emulsion Adhesives Market 4.5 Emulsion Adhesives Market: Developed vs Developing Nations 4.6 Emulsion Adhesives Market: Growing Demand From APAC
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 22.214.171.124 Rise in Demand for Acrylic Emulsion Adhesives in APAC Region 126.96.36.199 Rising Demand From Developing Countries 188.8.131.52 Growing Demand for ECO-Friendly Adhesives 5.2.2 Restraints 184.108.40.206 Performance Issues in High Strength Applications 5.2.3 Opportunities 220.127.116.11 Innovations in Emulsion Adhesives 18.104.22.168 Opportunities in High-End Applications 5.2.4 Challenges 22.214.171.124 Stringent Regulatory Approvals Required for Production 126.96.36.199 Competition From Other Solvent-Less and Hot-Melt Adhesives 5.3 Porter's Five Forces Analysis 5.4 Macroeconomic Overview and Key Indicators