Low VOC Adhesive Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The market is segmented by Chemistry (Polyvinyl Acetate (PVA), Polyacrylic Acetate (PAE), Vinyl Acetate/Ethylene (VAE), EVA, Epoxy and Others), Type (Water-based Adhesives, Holt-melt Adhesives, and Reactive), End-user Industry (Paper and Packaging, Building and Construction, Transportation, Woodworking, and Others) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

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Low VOC Adhesive Market Size

Low Voc Adhesive Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Low Voc Adhesive Market Key Players

*Disclaimer: Major Players sorted in no particular order
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Low VOC Adhesive Market Analysis

The market for low voc adhesive is expected to grow at a CAGR of about 5% globally. Major factor driving the market studied is the growing demand from paper and packaging industry, shifting consumer preferences to hot-melt adhesives and strict regulatory policies. On the flip side, unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.

  • The paper and packaging industry is expected to dominate the end-user industry segment of the global low voc adhesive market as it offers excellent adhesion to many substrates such as case & carton, corrugated, food and beverage and flexible packaging.
  • Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, India, and Japan.

Low VOC Adhesive Market Trends

This section covers the major market trends shaping the Low VOC Adhesive Market according to our research experts:

Growing Demand from Paper and Packaging Industry

  • The paper and packaging industry is estimated to hold the largest share of the overall low VOC adhesive market. The key reason of the growth is due to the extensive use of low VOC adhesives in various types of packaging such as case & carton, corrugated, food and beverage and flexible packaging.
  • Also, the acceptance of low VOC adhesive in this industry is because of its easy clearance for food packaging from FDA and BGA agencies. Similarly, the hot-melt technology aids in attaining and maintaining similar performance in the high-speed packaging line.
  • Growing demand for usage of ecofriendly compounds in packaging adhesives, on account of strict government regulations increases the manufacturing cost, which in turn is expected to restrain growth of the market. Furthermore, stringent government norms regarding environmental safety mandates emphasis on production of lower volatile organic compounds (VOC), which is anticipated to positively affect the market growth.
  • Polyvinyl acetate (PVA) adhesives are extensively employed in the adhesive as a synthetic resin. PVA adhesives are environment friendly and offers properties such as waterborne nature, presence of less VOCs, and superior adhesion to different substrates. It has wide scope in packaging applications such as bookbinding, paper bags, cartons, labels, foils, film, paperboard decals, wood assembly, automobile upholstery, and leather binding.
Low Voc Adhesive Market Key Trends

Asia Pacific Region to Dominate the Market

  • One of the key factors that has been rapid growth of the packaging segment comprises growing e-commerce platform and increasing consumption with rise in income levels of the masses.
  • China holds the largest packaging industry in the region. The country is projected to witness a consistent growth during the period, owing to the rise of customized packaging, increased demand for packaged consumerist goods, in the food segment, like ready to eat foods, snack foods, and frozen foods, etc.
  • Emerging economies, such as China, India, and South Korea, and other Southeast Asian countries are attracting global players to establish their manufacturing bases in Asia Pacific. These players are competing to create an extensive customer base in countries such as China and India to cater to the rising demand for adhesives from various end-user industries.
  • In the transportation end-user industry, low VOC adhesives are employed extensively in applications such as aircraft, aerospace and automotive. The need to reduce weight by deploying thinner gauge metal and plastics has created various opportunities for adhesives in bonding applications. The increasing government regulations pertaining to indoor air quality in passenger vehicles and stringent automotive OEM standards are boosting the regional demand in the transportation end-user industry.
Low Voc Adhesive Market Growth Rate

Low VOC Adhesive Industry Overview

The Global Low VOC Adhesive Market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are 3M, Akzo Nobel N.V., Ashland, H.B. Fuller Company and Huntsman Corporation and among others.

Low VOC Adhesive Market Leaders

  1. 3M

  2. Akzo Nobel N.V.

  3. Ashland

  4. H.B. Fuller Company

  5. Huntsman Corporation

*Disclaimer: Major Players sorted in no particular order

3M, Akzo Nobel N.V., Ashland, H.B. Fuller Company, Huntsman Corporation
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Low VOC Adhesive Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from Paper and Packaging Industry

      2. 4.1.2 Shifting Consumer Preferences to Hot-melt Adhesives

      3. 4.1.3 Stringent Regulatory Policies

    2. 4.2 Restraints

      1. 4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Chemistry

      1. 5.1.1 Polyvinyl Acetate (PVA)

      2. 5.1.2 Polyacrylic Acetate (PAE)

      3. 5.1.3 Vinyl Acetate/Ethylene (VAE)

      4. 5.1.4 Ethylene Vinyl Acetate (EVA)

      5. 5.1.5 Epoxy

      6. 5.1.6 Others

    2. 5.2 Type

      1. 5.2.1 Water-based Adhesives

      2. 5.2.2 Hot-melt Adhesives

      3. 5.2.3 Reactive

    3. 5.3 End-user Industry

      1. 5.3.1 Paper and Packaging

      2. 5.3.2 Building and Construction

      3. 5.3.3 Transportation

      4. 5.3.4 Woodworking

      5. 5.3.5 Others

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%) /Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Akzo Nobel N.V.

      3. 6.4.3 Ashland

      4. 6.4.4 Dymax Corporation

      5. 6.4.5 H.B. Fuller Company

      6. 6.4.6 Huntsman Corporation

      7. 6.4.7 Permabond LLC

      8. 6.4.8 Pidilite Industries Ltd.

      9. 6.4.9 PPG Industries, Inc.

      10. 6.4.10 Sika Services AG

      11. 6.4.11 The Reynolds Company

      12. 6.4.12 Wacker Chemie AG

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Low VOC Adhesive Industry Segmentation

The Low VOC Adhesive Market report includes:

Chemistry
Polyvinyl Acetate (PVA)
Polyacrylic Acetate (PAE)
Vinyl Acetate/Ethylene (VAE)
Ethylene Vinyl Acetate (EVA)
Epoxy
Others
Type
Water-based Adhesives
Hot-melt Adhesives
Reactive
End-user Industry
Paper and Packaging
Building and Construction
Transportation
Woodworking
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Low VOC Adhesive Market Research FAQs

The Low VOC Adhesive Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

3M, Akzo Nobel N.V., Ashland, H.B. Fuller Company and Huntsman Corporation are the major companies operating in the Low VOC Adhesive Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Low VOC Adhesive Market.

The report covers the Low VOC Adhesive Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Low VOC Adhesive Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Low VOC Adhesive Industry Report

Statistics for the 2024 Low VOC Adhesive market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Low VOC Adhesive analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Low VOC Adhesive Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)