The global emulsion adhesives market is studied in detail in the new report from Market Research Future (MRFR). The global emulsion adhesives market’s historical growth trajectory is assessed in great detail in the report in order to shed light on the market’s likely growth prospects over the forecast period from 2018 to 2023.
Emulsion adhesives are gaining demand from a number of industries in recent times, including packaging, automotive, and construction. The growing packaging industry around the world is likely to be a major driver for the global emulsion adhesives market over the forecast period, as the absence of volatile organic compounds (VOCs) in emulsion adhesives has led to them getting wider acceptance. The absence of VOCs makes emulsion adhesives safer than conventional adhesives, as the health of the people associated with the adhesives is maintained. The increasing use of pressure-sensitive adhesives in the packaging industry is likely to bode well for the global emulsion adhesives market over the forecast period. The rising need for labels and other related papers in the packaging industry is likely to be a major driver for the global emulsion adhesives market over the forecast period.
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The automotive industry is also likely to be a major driver for the global emulsion adhesives market over the forecast period. The global automotive industry has come up by leaps and bounds in recent years in terms by increasing the overall production volume rapidly. This has led to a growing need for adhesives and other related chemicals. The growing automotive manufacturing efforts in emerging regions such as China and India are likely to drive the demand for emulsion adhesives from these regions over the forecast period.
Increasing demand for new residential and commercial construction is also likely to drive the demand for new furnishings, which is another major end-use sector for the emulsion adhesives market. The demand for more sophisticated, more refined furnishings is likely to drive the global emulsion adhesives market over the forecast period.
Competitive Analysis:
Leading players in the global emulsion adhesives market include Cemedine Co. Ltd., Ashland, Emerald Performance Materials, Wacker Chemie AG, DowDuPont, Avery Dennison Corporation, Chemsultants International Inc., Paramelt, 3M, Henkel AG Co. KGaA, H. B. Fuller, and Eastman Chemical Company.
Industry Updates:
In September 2018, Ashland introduced a new emulsion adhesive under the brand name Flexcryl SP-48. The product is designed for paper and film applications that require strong adhesion at low temperatures.
Segmentation:
The global emulsion adhesives market has been segmented by type, application, end-use industry, and region.
Based on type, the emulsion adhesives market has been segmented into acrylic polymers, polyvinyl acetate (PVA), vinyl acetate ethylene (VAE), styrene-butadiene latex (SB), polyurethane dispersion (PUD), and others.
Based on application, the emulsion adhesives market has been segmented into tapes labels, furniture, woodworking, decorated plywood, composite materials, plastics, paper, panels, cloths, and others.
Based on end-use industry, the market has been segmented into packaging, paper working, furnishing, construction, automotive, and others.
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Regional Analysis:
Asia Pacific dominates the global emulsion adhesives market due to the growing demand for emulsion adhesives from the packaging, construction, and automotive industries. The growing demand for packaged food and beverages has been a massive boost for the packaging industry in Asia Pacific, which has driven the demand for new labels and adhesives. This is likely to remain an influential driver over the forecast period for the emulsion adhesives market in Asia Pacific, as the rising rate of urbanization in Asia Pacific has driven the need for new labels in packaging. The growing construction and automotive industries in the region are also likely to remain major consumers of emulsion adhesives over the forecast period.
North America is also likely to remain a major regional market for emulsion adhesives over the forecast period due to the revival of the construction industry in the region in recent years, which has led to a steady rise in the demand for emulsion adhesives.
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