Emulsion Adhesives Market

Emulsion Adhesives Market Outlook (2023-2033)

The global emulsion adhesives market has been predicted to advance at a CAGR of 7.4% through 2033, with the market increasing from a valuation of US$ 18.5 billion in 2023 to US$ 38 billion by 2033-end.

Emulsion adhesives are water-based solutions that are made from acrylic synthetic resin polymers or homogeneously emulsifying vinyl acetate in water.

These solutions are formulated with different polymers, including natural rubber latex, acrylic, ethylene vinyl acetate, vinyl acetate polymers and copolymers, and synthetic elastomers, for instance, polyurethane or styrene-butadiene rubber.

Emulsion adhesives have been segmented based on bonding: dry bonding adhesives and wet bonding adhesives. These adhesives come with excellent bonding properties compared to other market solutions. They are used for different applications, for example, panels, composite members, decorated plywood, packaging, paper working, woodworking, and furniture.

Emulsion lubricants are non-flammable and non-toxic in nature and thus they are more reliable compared to other options. Environment-friendly and non-flammable properties of these adhesives ensure enhanced safety for their use in factories such as ventilation, flameproof lighting, and some others.

In recent years, there is a noticeable increase in the demand for flexible and low-cost packaging alternatives. Furthermore, the rising demand for low-emission automobiles can result in increased adoption of emulsion adhesives that are estimated to drive growth opportunities in the global market.

Emulsion adhesives are used at a noteworthy speed in the construction industry which is expected to generate lucrative opportunities in the global market. Further, due to shear resistivity and effective holding power, emulsion adhesives are used for tapes, graphic films, adhesive films, opaque labels, and packaging labels. Thus, the rising use of these adhesive solutions stimulates sales opportunities in the global market.

Emulsion glue comes with excellent initial adhesives properties compared to some other adhesives. Thus, they are used across different applications, for example, folded cartons, packaging of boxes, paper bags, and others that is forecasted to bolster lucrative opportunities in the global industry.

On the flip side, fluctuation in the cost of raw materials used to produce emulsion adhesives is projected to hamper growth opportunities in the global industry. Moreover, the availability of various substitutes that include hot melt adhesives and solvent-less adhesives could also limit the sales of these solutions over the coming years.

Report Attributes	Details
Market Size (2023)	US$ 18.5 Billion
Forecasted Market Value (2033)	US$ 38 Billion
Growth Rate of Global Market (2023-2033)	7.4% CAGR
Canada Market Growth Rate (2023-2033)	6% CAGR
Germany Market Growth Rate (2023-2033)	5.4%
Key Companies Profiled	3M Company Wacker Chemie Ashland Inc. The DOW Chemical Company Falcon Chemicals LLC Tailored Chemical Products Lord Corporation Pidilite Industries Ltd.

Why are Sales of Emulsion Adhesives Forecasted to Increase at a Fast Pace?

“Growing Demand for Emulsion Adhesives from Packaging Industry”

At present, the packaging industry is undergoing noticeable growth because of the constant increase in demand from the food packaging industry. People, in recent years, are concentrating on work-life balance and thus significant changes are taking place in their lifestyle. These factors further stimulate demand for different packaged and canned foods that are estimated to result in the growing requirement for pressure-sensitive adhesives, especially acrylic.

Shifting concentration toward the use of recyclable materials for packaging solutions along with innovations and improvements in design are predicted to offer lucrative growth opportunities in the global market. In addition, end users are also inclined toward newly developed products, and thus sales of these adhesives are projected to increase in the coming years.

“Increasing Demand for Emulsion Adhesives from Developing Economies”

Growing demand for emulsion adhesives from developing economies around the world is expected to drive sales of these products. In addition, developing countries across the globe are also stimulating demand for various eco-friendly adhesives.

These adhesives are becoming popular owing to different reasons. For instance, manufacturers are switching to water-based adhesives from solvent-based adhesives that enable them to reduce the emission of VOC (volatile organic compounds). In addition, developing countries are opting for these adhesive solutions owing to their cost-effectiveness. Thus, based on these factors, the growth opportunities in the respective industry are predicted to increase in the forecasted period.

Why are Growth Opportunities for Emulsion Adhesive Suppliers Being Restricted?

“Easy Availability of Substitute Adhesives to Challenge Market Development”

There are various substitutes, such as hot melt adhesives, to emulsion adhesives that are available in the global market and are putting a direct impact on their demand. The easy market availability of hot melt and some other solvent-less adhesives has been giving tough competition to emulsion adhesives that are challenging market growth opportunities.

Furthermore, these adhesives also face performance issues across high-strength applications which are expected to potentially hinder market growth during the forecast period.

Why Does Asia Pacific Hold a Significant Share of Global Market Revenue?

“Wide Setting up Manufacturing Facilities in Asia Pacific”

Asia Pacific has been expected to hold a noticeable share of the market revenue and is also estimated to register a noticeable growth rate in the foreseeable years. The key players in the developed countries are setting up multiple manufacturing facilities in the regional market.

Growing demand for these adhesives across the regional industry is attributed to their low cost of production. Further, the markets in India and China are growing at a rapid pace due to rising demand for emulsion adhesives from end-use industries including automotive, packaging, construction, and others.

The market in Europe holds a significant share of the global market with the presence of key manufacturers there. Moreover, end-use industries are inclining towards technologically advanced adhesives that are safe to use and environment-friendly. The demand for emulsion adhesives is also growing in the automotive industry as these solutions comply with stringent government regulations to reduce emissions.

The North American market is also projected to grow at a noteworthy speed owing to the well-established end-use industries including packaged food products and automotive there. Furthermore, the demand for strong adhesion across the automobile industry is also forecasted to bolster market growth opportunities in the forecast period from 2023 to 2033.

Country-wise Insights

Why is Germany Leading the European Market for Emulsion Adhesives?

“High Inclination of End-use Industries towards Technologically-advanced Adhesives”

The market in Germany is expected to advance at a CAGR of 5.4% through 2033. The growth opportunities are attributed to the increasing inclination of end-use industries toward technologically advanced adhesives that are not only safe in application but also environment-friendly. In addition, the presence of some key distributors of emulsion adhesives in Germany is also driving novel growth opportunities there.

What’s Contributing to Increased Demand for Emulsion Adhesives in the U.S.?

“Presence of Key End-use Industries in the U.S.”

In the year 2022, the sales of emulsion adhesives in the U.S. was around US$ 4 billion. The growth in the market is because of the presence of key end-use industries, such as automotive, packaged food products, and automobiles. These industries are contributing to increased demand for emulsion glue.

The Canadian market is estimated to progress at a CAGR of 6% through 2033.

Which is a Prominent Market for Emulsion Adhesives in Asia Pacific?

“Economical Prices of Emulsion Adhesives Driving their Adoption in Japan”

The market in Japan is anticipated to advance at a CAGR of 4.3% through 2033. These growth opportunities in the market are owing to the low production cost of emulsion adhesives. Furthermore, the increasing demand for these adhesives from numerous end-use industries including construction, automotive, and packaging is also predicted to propel sales of these solutions.

Category-wise Insights

Which is the Most Widely Used Emulsion Adhesive Type?

“Removable Emulsion Adhesives Facilitate Minimal Damage to Labels”

The market of emulsion adhesives is divided into permanent and removable, based on type. Between these two, the removable segment is forecasted to grow at a significant speed owing to their easy removal with no or minimal damage to the label or substrate.

On the other hand, the permanent segment of emulsion adhesives is predicted to hold a larger revenue share in the global market.

Why are Acrylic Polymer Emulsions Most Preferred?

“Environment-friendly Features of Acrylic Polymer Emulsions”

Based on resin type, the global market is classified into acrylic polymer emulsion, polyvinyl acetate emulsion, vinyl acetate ethylene emulsion, SBC latex, PU dispersion, and others. Among these, acrylic polymers are projected to hold a dominating position in the global market. These types of adhesives are used in envelops, medical tapes, decal and label applications, pressure-sensitive labels and tapes, and others.

These emulsions are environment-friendly and ensure effective bonding strength to the end-use products.

Where are Emulsion Adhesives Most Widely Used?

“Rapid Growth of Automotive and Transportation Industry Fueling Demand for Emulsion Adhesives”

The global market is segmented into paper & packaging, automotive & transportation, tapes & labels, woodworking, and others based on application. Among these, the automotive and transportation industry is projected to demand emulsion adhesives at an increased rate due to rapid expansion in these sectors. The growth in the industry directly results in increased production of automobiles that use emulsions for interior trims, tail lights, and headliners.

Further, the paper and packaging industry is also expected to account for a significant share of market revenue. This dominance is because of the growing trend of home delivery or food takeaway services as these facilities require quality packaging to ensure the safe delivery of the products. In addition, noteworthy growth of the e-Commerce sector around the world is also putting a significant impact on market growth.

Competitive Landscape

Key players in the emulsion adhesives market are 3M Company, Wacker Chemie, Ashland Inc., The DOW Chemical Company, Falcon Chemicals LLC, Tailored Chemical Products, Lord Corporation, and Pidilite Industries Ltd.

Segmentation of Emulsion Adhesives Industry Research

• By Type :

  • Permanent
  • Removable

• By Resin Type :

  • Acrylic Polymer Emulsion
  • Polyvinyl Acetate Emulsion
  • Vinyl Acetate Ethylene Emulsion
  • SBC Latex
  • PU Dispersion
  • Others

• By Application :

  • Paper & Packaging
  • Automotive & Transportation
  • Tapes & Labels
  • Woodworking
  • Others

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa