Waterborne adhesive are manufactured
from natural polymers and soluble synthetic polymers. Natural polymers include
starch, dextrins, casein, proteins, bones and hides. Soluble synthetic polymers
include cellulose ethers, methyl cellulose, polyvinyl alcohol,
polyvinylpyrrolidone and carboxy methylcellulose. These adhesives are supplied
as formulated dry powders or as solution that are mixed with water just prior
to application. The strength is attained when water is either evaporated or
absorbed by substrate. As the polymers used in the waterborne adhesives are
soluble they offer limited moisture resistance. Some of plant polymers that are
not soluble in water at room temperature can offer extended moisture
resistance. The applications of waterborne adhesives include automotive & transportation,
packaging, building & construction, assembly, wood & furniture,
footwear, pressure sensitive tapes and others. The advantages waterborne
adhesive offers include high initial adhesion, high solid content, low/ no
solvent content and therefore eco-friendly nature.
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Growing demand from packaging
industry is expected to drive the market for waterborne adhesives. These are
used in label applications, packaging tapes, office tapes, flexible laminations
and food packaging as they offer improved chemical and heat resistance. Due to
advantages waterborne adhesive it offers and non reactive nature they are
proffered in food packaging applications. Further growing demand from
automotive industry is expected to drive the market for waterborne adhesives.
These are used in interior structures such as dashboards headlinings and
others. Automotive industry is driven by demand from middle class consumer
groups from developing countries such as Brazil, India and China.
However, complex formulation of
waterborne adhesives is expected to hamper the market growth. As compared to
solvent based adhesives the formulation process for waterborne adhesives is
highly complex. And end properties depend upon the chemical composition of
polymer base used in the formulation. Technological advancement in production
process and bio-based waterborne adhesive are expected to provide immense
opportunities for the players in this market. Waterborne adhesives those have
limited moisture resistance can be improved through addition of substrates or
curing agents. Research & development in this field and introduction of new
product can provide opportunity for new entrants in this market.
Asia Pacific is the largest market
for waterborne adhesives due to demand from automotive packaging and building
& construction applications. Rising disposable income of middle class
consumer groups is one of the major driving factors for demand in this region.
Asia Pacific was also largest producer of the waterborne adhesive with majority
of production plants concentrated in China due to availability of raw materials
and lower production cost. Asia Pacific was followed by North America in terms
of consumption. Demand from packaging and automotive industry is expected to
boost the demand for waterborne adhesives in this region. Packaging industry is
driven by applications such as food packaging and packaging tapes. North
America was followed by Europe in terms of consumption however; in production
capacity it is second to Asia Pacific. The production of waterborne adhesives
in Europe is supported by environmental agencies due to low hazards caused
during production process.
Some of the key players in the
waterborne adhesive market are Henkel Corporation, Bayer, BASF SE, The Dow
Chemical Company, Sika AG, H.B. Fuller, 3M, Adco Inc., Adhesives Research Inc.,
Avery Dennison Corporation, Ashland Inc., Beardow & Adams Limited., Bostik
Inc., Dymax Corporation, Cyberbond LLC., Momentive Specialty Chemicals, Super
Glue Corporation, Wisdome Adhesive among others.
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This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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