Market Size of Low VOC Adhesive Industry
| 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
*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.
