Water-Borne Adhesives Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Resin Type (Acrylics, Polyvinyl Acetate Emulsion, Ethylene Vinyl Acetate Emulsion, Polyurethane Dispersions and Chloroprene Rubber Latex, and Other Resin Types), End-user Industry (Building and Construction, Paper, Board, and Packaging, Woodworking and Joinery, Transportation, Healthcare, Electrical and Electronics, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

Market Snapshot

Water-Borne Adhe
Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for water-borne adhesives is likely to register a CAGR of over 5%, during the forecast period. One of the major factors driving the market is the increasing demand from the packaging industry. However, limited usage of water-borne adhesives in high-end applications is likely to restrain the market.

  • Acrylic resin type has accounted for the highest share of the market in 2018, and is expected to continue dominating the market during the forecast period.
  • Incorporation of bio-based polyol component in water-borne adhesives is likely to provide opportunities for the market growth, in the future.
  • Asia-Pacific is likely to account for the major market share, during the forecast period.

Scope of the Report

The water-borne adhesives market report includes:

Resin Type
Polyvinyl Acetate (PVA) Emulsion
Ethylene Vinyl Acetate (EVA) Emulsion
Polyurethane Dispersions and CR (Chloroprene Rubber) Latex
Other Resin Types
End-user Industry
Building and Construction
Paper, Board, and Packaging
Woodworking and Joinery
Electrical and Electronics
Other End-user Industries
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of the Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa (MEA)

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Key Market Trends

Transportation Industry to Witness the Highest Growth Rate

  • Water-borne adhesives are increasingly used in the automotive industry for interior fittings, such as head linings, dashboards, etc. In addition, these adhesives can be used during the manufacturing of car seats, for fixing cables in the roof liner, and to bond door sill protectors and other plastic parts.
  • Automobile manufacturers are shifting toward the usage of water-borne adhesives from solvent-borne adhesives, to avoid volatile organic compounds (VOCs). This is likely to boost the demand for water-borne adhesives in the industry.
  • In 2018, about 95.6 million vehicles were produced worldwide. In the past two decades, the global automotive industry underwent huge transformation with the digitization of vehicles.
  • Furthermore, in the coming years, growth is supported by the solid labor market, rising disposable income of people, low-interest rates, etc. Asia-Pacific is one the fastest growing markets for the automotive sector, with India and China being the two fastest growing markets in the region.
  • Hence, the transportation industry is likely to witness the highest growth rate, during the forecast period.
Key Trends - Water Borne Adhesives Market

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Asia-Pacific to Dominate the Market

  • In 2018, 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.
Water-Borne Adhe

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Competitive Landscape

The market for water-borne adhesives is highly fragmented, and the market share is divided among several players. Some of the key companies of the market include 3M, Henkel AG & Co. KGaA, HB Fuller Company, and Sika AG, among others.

Major Players

  1. 3M
  2. Henkel AG & Co. KGaA
  3. HB Fuller Company
  4. Sika AG

* Complete list of players covered available in the table of contents below

Water-Borne Adhe

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from Packaging Industry

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Limited Usage in High-end Applications

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Resin Type

      1. 5.1.1 Acrylics

      2. 5.1.2 Polyvinyl Acetate (PVA) Emulsion

      3. 5.1.3 Ethylene Vinyl Acetate (EVA) Emulsion

      4. 5.1.4 Polyurethane Dispersions and CR (Chloroprene Rubber) Latex

      5. 5.1.5 Other Resin Types

    2. 5.2 End-user Industry

      1. 5.2.1 Building and Construction

      2. 5.2.2 Paper, Board, and Packaging

      3. 5.2.3 Woodworking and Joinery

      4. 5.2.4 Transportation

      5. 5.2.5 Healthcare

      6. 5.2.6 Electrical and Electronics

      7. 5.2.7 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. ASEAN Countries

        6. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. France

        3. United Kingdom

        4. Italy

        5. Rest of the Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa (MEA)


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

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 AdCo (UK) Ltd

      3. 6.4.3 Alfa International Corporation

      4. 6.4.4 Arkema Group (Bostik SA)

      5. 6.4.5 Ashland


      7. 6.4.7 Benson Polymers Limited

      8. 6.4.8 DowDuPont

      9. 6.4.9 Franklin International

      10. 6.4.10 HB Fuller Company

      11. 6.4.11 Henkel AG and Co. KGaA

      12. 6.4.12 Jowat AG

      13. 6.4.13 LORD Corporation

      14. 6.4.14 Master Bond

      15. 6.4.15 Royal Adhesives and Sealants

      16. 6.4.16 Sika AG

      17. 6.4.17 Wacker Chemie AG

      18. 6.4.18 Wisdom Adhesives Worldwide

    5. *List Not Exhaustive

    1. 7.1 Incorporation of Bio-based Polyol Component in Water-borne Adhesives

**Subject to Availability

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