Market Trends of Water-borne Adhesives Industry
This section covers the major market trends shaping the Water-borne Adhesives Market according to our research experts:
Construction Industry to Dominate the Market
- In the construction sector, adhesives are used in concrete, ceramic tiles, carpet laying, flooring underlayment, drywall lamination, joint cement, manufactured housing, pre-finished panels, resilient flooring, roofing, and wall covering. Various types of adhesives are used depending on the purposes they serve. The growth in green building construction, coupled with the rising concern about the quality of construction, is accelerating the demand for water-borneadhesives.
- Water-borne adhesives are produced from either soluble synthetic polymers or natural polymers. Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. Water-borne adhesives are increasingly becoming an integral part of construction chemicals, owing to their eco-friendly and low-toxic nature, high solid content, and high initial adhesion properties.
- Furthermore, according to the United Nations (UN), around 50% of the global population resides in urban cities, which is projected to touch 60%, by 2030. The pace of economic and demographic growth has to be in harmony with the demand for commercial, residential, and institutional construction activities. By 2030, around 40% of the global population is likely to need housing at the rate of over 96,150 houses per day. Hence, with the growth of the residential sector, the use of water-borne adhesivesis likely to increase during the forecast period.
Understand The Key Trends Shaping This Market
Download Sample
Asia-Pacific to Dominate the Market
- Asia-Pacific dominated the water-borne adhesives market, in terms of consumption.
- China is currently the leading consumer of water-borne adhesives across the world, followed by India.
- Most of the major players of the market have a presence in China. The rapidly growing packaging industry of China is also likely to boost the demand for water-borne adhesives.
- In India, the construction and packaging sectors have been witnessing substantial growth in the recent years, owing to the increasing investments from the government.
- Furthermore, shifting consumer focus toward flexible packaging may offer numerous opportunities to the growth of the Asia-Pacific water-based adhesives market.
- Hence, Asia-Pacific is likely to dominate the market during the forecast period.
Get Analysis on Important Geographic Markets
Download Sample
