Emulsion Adhesive Market Size (2024 - 2029)

Emulsion Adhesive Market Size Summary

The emulsion adhesive market is poised for growth, driven by increasing demand from the paper converting and packaging industries. This growth is largely attributed to the rising need for water-based, eco-friendly adhesives, which are gaining traction due to their solvent-free and non-toxic properties. Emulsion adhesives, primarily composed of acrylic, polyvinyl acetates, ethylene vinyl acetate, and polyurethanes, offer excellent film strength and high bonding speed, making them ideal for packaging applications. The market is expected to expand as the paper and paper-based packaging sectors grow, particularly with the ban on single-use plastics and the FDA approval for food-based packaging. However, the market faces challenges such as limited application scope and the lingering impacts of the COVID-19 pandemic.

The Asia-Pacific region is anticipated to lead the global emulsion adhesive market, with significant consumption in China and India. This dominance is fueled by the burgeoning construction and furniture industries in these countries. In construction, emulsion adhesives are utilized for waterproofing, coatings, and mortar modifications, supported by substantial government investments in infrastructure projects. The furniture industry also contributes to market growth, with emulsion adhesives being used in woodworking applications due to their strong bond strength and long-term adhesion. Additionally, India's rapidly expanding packaging industry, driven by a growing population and increasing demand, further bolsters the market. Despite being partially fragmented, the market features key players like BASF SE, Cattie Adhesives, Henkel Limited, Ashland, and Akzo Nobel N.V., who hold a marginal share of the market.