PUNE, India, November 6, 2017 /PRNewswire/ --
The report "Low VOC Adhesive Market by Chemistry (PAE, PVA, VAE, EVA, Polyurethane, and Epoxy), End-use Industry (Paper & Packaging, Building & Construction, Woodworking), and Technology (Water-based, Hot-melt based and Reactive), and Region - Global Forecast to 2022" published by MarketsandMarkets™, the market is projected to grow from USD 41.58 Billion in 2017 to USD 55.29 Billion by 2022, at a CAGR of 5.9%. The Low VOC Adhesive Market is driven by the increasing demand for these adhesives from various end-use industries such as paper & packaging, building & construction, woodworking, transportation, and consumer. The paper & packaging end-use industry accounted for the largest share of the overall Low VOC Adhesive Market in 2016. This segment has the largest share due to the extensive use of low VOC adhesives in different types of packaging such as case & carton, corrugated, and flexible.
Browse 84 Market Data Tables and 36 Figures spread through 167 Pages and in-depth TOC on "Low VOC Adhesive Market"
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The polyvinyl acetate (PVA) emulsions is expected to be the largest segment of the market during the forecast period.
Polyvinyl acetate (PVA) emulsions are widely used in the adhesive as a synthetic resin. PVA emulsions are environmentally friendly and exhibit superior properties such as waterborne nature, presence of less VOCs, and excellent adhesion to different substrates. This leads to its use in a wide variety of packaging applications such as bookbinding, paper bags, cartons, labels, foils, film, paperboard decals, wood assembly, automobile upholstery, and leather binding.
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The transportation end-use industry is projected to lead the market during the forecast period.
In the transportation end-use industry, low VOC adhesives are used extensively in applications such as aircraft & aerospace and automotive. The desire to reduce weight by using thinner gauge metal and plastics has renewed interest in adhesives for bonding. The increasing government regulations around indoor air quality in passenger vehicles and stringent automotive OEM standards are driving the global demand for low VOC adhesives in the transportation end-use industry.
The water-based adhesives segment is projected to dominate the market during the forecast period.
Water-based adhesives are widely used due to their low content of VOCs, excellent shear strength, flexibility, and outstanding adhesion to diverse substrates. Water-based adhesives are easy to handle and have better efficiency than other adhesives. These factors are expected to drive the demand for water-based adhesives in the market in the coming years.
The Asia-Pacific Low VOC Adhesive Market is projected to register the highest CAGR during the forecast period.
The Low VOC Adhesive Market in Asia-Pacific is projected to register the highest CAGR during the forecast period. Emerging economies, such as China, India, and South Korea, and various Southeast Asian countries are attracting several global players to establish their manufacturing facilities in Asia-Pacific. These manufacturers are competing to reach an extensive customer base in countries, such as China and India to cater to the increasing demand for adhesives from the various end-use industries in these countries.
Key players profiled in the Low VOC Adhesive Market report are H.B. Fuller (U.S.), Henkel (Germany), Dow (U.S.), Sika (Switzerland), Bostik (France), 3M (U.S.), and Huntsman (U.S.).
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