Low VOC Adhesive Market - Global Outlook & Forecast 2022-2027

Publisher Arizton Advisory and Intelligence

Published Feb 09, 2022

Length 306 Pages

SKU # ARZ16972449

Description

Low VOC Adhesive Market - Global Outlook & Forecast 2022-2027

In-depth Analysis and Data-driven Insights on the Impact Of COVID-19 Included in this Global Low VOC Adhesive Market Report

The low VOC adhesive market is expected to grow at a CAGR of 6.19% during the forecast period

Increasing the adoption of low VOC adhesives in emerging economies such as China, India, and Brazil in their numerous industries boosts the market growth. The declining usage of solvent-based products is creating an opportunity for hot melt, reactive, and water-based adhesives. This is positively impacting the global low VOC adhesive market. The flexibility and excellent adhesion properties with any substrate make low VOC adhesives suitable for any industry. Currently, the regulations in most countries to limit VOC emissions in adhesives will positively impact the industry.

KEY HIGHLIGHTS

Increasing demand from the packaging industry will drive the Low VOC adhesive market growth. Water-based and hot melt adhesives are mainly preferred in the paper and packaging industry.
There is an increasing demand for improved air quality, increased awareness about the health risk, and to save the environment from the depletion of the ozone layer. This has led to the incorporation of low VOC products in the building & construction industry, gaining traction worldwide, thus increasing product sales.
There has been an increasing adoption of polyurethane-based hot melt adhesives in bookbinding, product packaging, and footwear manufacturing. The fact that polyurethane-based products are stronger than water-based and hot melt products is driving the segment growth.

The following factors are likely to contribute to the growth of the low VOC adhesive market-

Increasing Demand from Packaging Industry
New Construction and Home Improvement Activity
Increasing Adoption of Polyurethane Based Hot Melt Adhesives
High Demand for Light Weight Vehicles
Environmental Regulation Boosting the Demand for Low VOC Adhesives
High Growth Potential in Emerging Economies

LOW VOC ADHESIVE MARKET SEGMENTS

The segments covered in the market report are-

Technology
Resin
End-User
Geography

MARKET SEGMENTATION

Water-based type held the largest Low VOC adhesive market share based on technology. This is attributed to its properties of being lightweight, less usage while forming a bond, and the absence of volatile organic compounds in the product. Pressure-sensitive adhesives are the most used product amongst consumer goods because they are suitable for bonding various substrates such as paper, plastic, metal, wood, and glass.
The paper & packaging industry is one of the largest consumers of low VOC adhesives. The building & construction segment will ha

By Technology:

Water-Based
Hot Melt
Pressure Sensitive
Reactive

By Resin

Polyvinyl Acetate
Acrylic
Polyurethane
Ethylene-Vinyl Acetate
Epoxy
Styrenic Block Copolymer
Others

By End-User

Paper & Packaging,
Building & Construction
Furniture
Automotive & Transportation
Leather & Footwear
Consumer & DIY
Medical Devices
Others

GEOGRAPHICAL ANALYSIS

APAC: APAC is the largest and the fastest-growing region in the low VOC adhesive industry. Higher domestic demand and the availability of low-cost labor make this region the most attractive market for low VOC producers. China has been the leading market in APAC, whereas India is projected to be the fastest-growing market in terms of value from 2021 to 2027.
North America: The demand for low-VOC specialty adhesives in North America is
driven by stringent regulations concerning the use of toxic chemical formulations in chemically curing adhesives. The construction industry's recovery in North America after the economic slowdown also enhances opportunities in the market.

By Geography

North America
US
Canada
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
UAE
South Africa
APAC
China
India
Japan
South Korea
Indonesia
Europe
Germany
France
Indonesia
UK
Spain

VENDOR LANDSCAPE

The key players in the industry are 3M Company, Sika, B Fuller, Henkel, and Arkema.
Several players are expected to expand their presence worldwide during the forecast period, especially in the fast-developing countries in the APAC region, to gain more market share.
Manufacturers should focus on simplifying the application of low VOC adhesives, such as easier application with a glue gun or in cartridges.

Key Vendors

3M
Sika AG
H.B. Fuller
Henkel
Arkema (Bostik)

Other Prominent Vendors

Ashland
Delo
Huntsman International LLC
Dymax
Permatex
Beacon Adhesives
Jowat
PPG industries
Pidilite Industries
Wacker Chemie AG
Lord Corporation
Avery Dennison Corporation
Alfa Adhesives
Uniseal
Roberts Consolidated Industries
IFS Industries
Infinity Bond Adhesives
Nanpao Resins Chemical Group
Franklin International

KEY QUESTIONS ANSWERED:

1. What is the global status of the Low VOC adhesive market?

2. What is majorly driving the low VOC adhesives industry?

3. What are the key market opportunities for the vendors?

4. What are the upcoming advancements in the low VOC adhesive industry?

1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage: 4.1 Market Definition; 4.1.1 Inclusions; 4.1.2 Exclusions; 4.1.3 Market Estimation Caveats; 4.2 Base Year; 4.3 Scope of The Study; 4.3.1 Market Segmentation by Geography
5 Report Assumptions & Caveats: 5.1 Key Caveats; 5.2 Currency Conversion; 5.3 Market Derivation
6 Market at a Glance
7 Introduction: 7.1 Overview; 7.2 Supply Chain Analysis; 7.3 Covid-19 Impact; 7.4 Current Development in Low VOC Adhesives Industry; 7.5 Volatile Organic Compound (VOCS) Regulations; 7.5.1 Regulation Affecting Content of VOCS In Different States
8 Frequently Asked Questions: 8.1 How Will the Low VOC Adhesives Market Perform in The Coming Years?; 8.2 What Are the Major Factors Driving the Demand for Low VOC Adhesives?; 8.3 Which Is the Most Profitable and Preferred Low VOC Adhesive Technology?; 8.4 Which Is the Most Profitable Low VOC Adhesive Resin?; 8.5 Which End-Use Segment Generates the Highest Revenue for Low VOC Adhesive Vendors?; 8.6 Which Is the Fastest-Growing Region for Low VOC Adhesives?; 8.7 Where the Major Players Operating in The Low VOC Adhesives Market?
9 Growth Opportunity: 9.1 Technology; 9.2 End-Use; 9.3 Resin; 9.4 Geography
10 Market Opportunities & Trends: 10.1 Increasing Demand from Packaging Industry; 10.2 New Construction and Home Improvement Activities; 10.3 Growing Popularity of Polyurethane-Based Hot Melt Low VOC Adhesives
11 Market Growth Enablers: 11.1 High Demand for Lightweight Vehicles; 11.2 Environmental Regulations Boosting Demand for Low VOC Adhesives; 11.3 High Growth Potential in Emerging Economies
12 Market Restraints: 12.1 Increasing Prices of Raw Materials; 12.2 Technical Challenges in Application of Low VOC Adhesives
13 Market Landscape: 13.1 Market Overview; 13.2 Market Size & Forecast; 13.3 Five Forces Analysis; 13.3.1 Threat of New Entrants; 13.3.2 Bargaining Power of Suppliers; 13.3.3 Bargaining Power of Buyers; 13.3.4 Threat of Substitutes; 13.3.5 Competitive Rivalry
14 Adhesive Technology: 14.1 Market Snapshot & Growth Engine; 14.2 Market Overview; 14.3 Water-Based; 14.3.1 Market Overview; 14.3.2 Market Size & Forecast; 14.3.3 Market by Geography; 14.4 Pressure-Sensitive Adhesives; 14.4.1 Market Overview; 14.4.2 Market Size & Forecast; 14.4.3 Market by Geography; 14.5 Hot Melt; 14.5.1 Market Overview; 14.5.2 Market Size & Forecast; 14.5.3 Market by Geography; 14.6 Reactive Adhesives; 14.6.1 Market Overview; 14.6.2 Market Size & Forecast; 14.6.3 Market by Geography
15 Resin: 15.1 Market Snapshot & Growth Engine; 15.2 Market Overview; 15.3 Polyvinyl Acetate (PVA); 15.3.1 Market Overview; 15.3.2 Market Size & Forecast; 15.3.3 Market by Geography; 15.4 Acrylic; 15.4.1 Market Overview; 15.4.2 Market Size & Forecast; 15.4.3 Market by Geography; 15.5 Polyurethane; 15.5.1 Market Overview; 15.5.2 Market Size & Forecast; 15.5.3 Market by Geography; 15.6 Ethylene-Vinyl Acetate (Eva); 15.6.1 Market Overview; 15.6.2 Market Size & Forecast; 15.6.3 Market by Geography; 15.7 Epoxy; 15.7.1 Market Overview; 15.7.2 Market Size & Forecast; 15.7.3 Market by Geography; 15.8 STYRENIC Block Copolymer; 15.8.1 Market Overview; 15.8.2 Market Size & Forecast; 15.8.3 Market by Geography; 15.9 Others; 15.9.1 Market Overview; 15.9.2 Market Size & Forecast; 15.9.3 Market by Geography
16 End-Use: 16.1 Market Snapshot & Growth Engine; 16.2 Market Overview; 16.3 Paper & Packaging; 16.3.1 Market Overview; 16.3.2 Key Insights; 16.3.3 Market Size & Forecast; 16.3.4 Market by Geography; 16.4 Building & Construction; 16.4.1 Market Overview; 16.4.2 Market Size & Forecast; 16.4.3 Market by Geography; 16.5 Furniture; 16.5.1 Market Overview; 16.5.2 Market Size & Forecast; 16.5.3 Market by Geography; 16.6 Automotive & Transportation; 16.6.1 Market Overview; 16.6.2 Market Size & Forecast; 16.6.3 Market by Geography; 16.7 Footwear & Leather; 16.7.1 Market Overview; 16.7.2 Market Size & Forecast; 16.7.3 Market by Geography; 16.8 Consumer & DIY; 16.8.1 Market Overview; 16.8.2 Market Size & Forecast; 16.8.3 Market by Geography; 16.9 Medical Devices; 16.9.1 Market Overview; 16.9.2 Market Size & Forecast; 16.9.3 Market by Geography; 16.10 Others; 16.10.1 Market Overview; 16.10.2 Market Size & Forecast; 16.10.3 Market by Geography
17 Geography: 17.1 Market Snapshot & Growth Engine; 17.2 Geographic Overview; 17.2.1 Key Insights
18 North America: 18.1 Market Overview; 18.2 Market Size & Forecast; 18.3 Technology; 18.3.1 Market Size & Forecast; 18.4 Resin; 18.4.1 Market Size & Forecast; 18.5 End-Use; 18.5.1 Market Size & Forecast; 18.6 Key Countries; 18.6.1 US: Market Size & Forecast; 18.6.2 Canada: Market Size & Forecast
19 Latin America: 19.1 Market Overview; 19.2 Market Size & Forecast; 19.3 Technology; 19.3.1 Market Size & Forecast; 19.4 Resin; 19.4.1 Market Size & Forecast; 19.5 End-Use; 19.5.1 Market Size & Forecast; 19.6 Key Countries; 19.6.1 Brazil: Market Size & Forecast; 19.6.2 Mexico: Market Size & Forecast
20 Middle East & Africa: 20.1 Market Overview; 20.2 Market Size & Forecast; 20.3 Technology; 20.3.1 Market Size & Forecast; 20.4 Resin; 20.4.1 Market Size & Forecast; 20.5 End-Use; 20.5.1 Market Size & Forecast; 20.6 Key Countries; 20.6.1 Saudi Arabia: Market Size & Forecast; 20.6.2 UAE: Market Size & Forecast; 20.6.3 South Africa: Market Size & Forecast
21 APAC: 21.1 Market Overview; 21.2 Market Size & Forecast; 21.3 Technology; 21.3.1 Market Size & Forecast; 21.4 Resin; 21.4.1 Market Size & Forecast; 21.5 End-Use; 21.5.1 Market Size & Forecast; 21.6 Key Countries; 21.6.1 China: Market Size & Forecast; 21.6.2 India: Market Size & Forecast; 21.6.3 Japan: Market Size & Forecast; 21.6.4 South Korea: Market Size & Forecast; 21.6.5 Indonesia: Market Size & Forecast
22 Europe: 22.1 Market Overview; 22.2 Market Size & Forecast; 22.3 Technology; 22.3.1 Market Size & Forecast; 22.4 Resin; 22.4.1 Market Size & Forecast; 22.5 End-Use; 22.5.1 Market Size & Forecast; 22.6 Key Countries; 22.6.1 Germany: Market Size & Forecast; 22.6.2 Italy: Market Size & Forecast; 22.6.3 France: Market Size & Forecast; 22.6.4 UK: Market Size & Forecast; 22.6.5 Spain: Market Size & Forecast
23 Competitive Landscape: 23.1 Competition Overview
24 Key Company Profiles: 24.1 3M; 24.1.1 Business Overview; 24.1.2 3m In Low VOC Adhesive; 24.1.3 Product Offerings; 24.1.4 Key Strategies; 24.1.5 Key Strengths; 24.1.6 Key Opportunities; 24.2 SIKA AG; 24.2.1 Business Overview; 24.2.2 Sika Ag in Low VOC Adhesive; 24.2.3 Product Offerings; 24.2.4 Key Strategies; 24.2.5 Key Strengths; 24.2.6 Key Opportunities; 24.3 H.B. FULLER; 24.3.1 Business Overview; 24.3.2 H.B. Fuller in Low VOC Adhesive; 24.3.3 Product Offerings; 24.3.4 Key Strategies; 24.3.5 Key Strengths; 24.3.6 Key Opportunities; 24.4 HENKEL ADHESIVES TECHNOLOGIES; 24.4.1 Business Overview; 24.4.2 Henkel Adhesives Technologies in Low VOC Adhesive; 24.4.3 Product Offerings; 24.4.4 Key Strategies; 24.4.5 Key Strengths; 24.4.6 Key Opportunities; 24.5 ARKEMA (BOSTIK); 24.5.1 Business Overview; 24.5.2 Arkema (Bostik) In Low VOC Adhesive; 24.5.3 Product Offerings; 24.5.4 Key Strategies; 24.5.5 Key Strengths; 24.5.6 Key Opportunities
25 Other Prominent Vendors: 25.1 ASHLAND; 25.1.1 Business Overview; 25.1.2 Product Offerings; 25.2 DELO; 25.2.1 Business Overview; 25.2.2 Product Offerings; 25.3 HUNTSMAN INTERNATIONAL LLC; 25.3.1 Business Overview; 25.3.2 Product Offerings; 25.4 DYMAX; 25.4.1 Business Overview; 25.4.2 Product Offerings; 25.5 PERMATEX; 25.5.1 Business Overview; 25.5.2 Product Offerings; 25.6 BEACON ADHESIVES; 25.6.1 Business Overview; 25.6.2 Product Offerings; 25.7 JOWAT; 25.7.1 Business Overview; 25.7.2 Product Offerings; 25.8 PPG INDUSTRIES; 25.8.1 Business Overview; 25.8.2 Product Offerings; 25.9 PIDILITE INDUSTRIES; 25.9.1 Business Overview; 25.9.2 Product Offerings; 25.10 WACKER CHEMIE AG; 25.10.1 Business Overview; 25.10.2 Product Offerings; 25.11 LORD CORPORATION; 25.11.1 Business Overview; 25.11.2 Product Offerings; 25.12 AVERY DENNISON CORPORATION; 25.12.1 Business Overview; 25.12.2 Product Offerings; 25.13 ALFA ADHESIVES; 25.13.1 Business Overview; 25.13.2 Product Offerings; 25.14 UNISEAL; 25.14.1 Business Overview; 25.14.2 Product Offerings; 25.15 ROBERTS CONSOLIDATED INDUSTRIES; 25.15.1 Business Overview; 25.15.2 Product Offerings; 25.16 IFS INDUSTRIES; 25.16.1 Business Overview; 25.16.2 Product Offerings; 25.17 INFINITY BOND ADHESIVES; 25.17.1 Business Overview; 25.17.2 Product Offerings; 25.18 NANPAO RESINS CHEMICAL GROUP; 25.18.1 Business Overview; 25.18.2 Product Offerings; 25.19 FRANKLIN INTERNATIONAL; 25.19.1 Business Overview; 25.19.2 Product Offerings
26 Report Summary: 26.1 Key Takeaways; 26.2 Strategic Recommendations
27 Quantitative Summary: 27.1 Adhesives Technology; 27.1.1 Hot-Melt; 27.1.2 Water-Based; 27.1.3 Reactive; 27.1.4 Pressure-Sensitive; 27.2 Resin; 27.2.1 Epoxy; 27.2.2 Polyurethane; 27.2.3 Acrylic; 27.2.4 Polyvinyl Acetate; 27.2.5 Ethylene-Vinyl Acetate (Eva); 27.2.6 STYRENIC Block Copolymer; 27.2.7 Others; 27.3 End-Use; 27.3.1 Paper & Packaging; 27.3.2 Building & Construction; 27.3.3 Automotive & Transportation; 27.3.4 Furniture; 27.3.5 Footwear & Leather; 27.3.6 Consumer & DIY; 27.3.7 Medical Devices; 27.3.8 Others
28 Geography: 28.1 North America; 28.1.1 Technology; 28.1.2 Resin; 28.1.3 End-Use; 28.2 APAC; 28.2.1 Technology; 28.2.2 Resin; 28.2.3 End-Use; 28.3 Europe; 28.3.1 Technology; 28.3.2 Resin; 28.3.3 End-Use; 28.4 Latin America; 28.4.1 Technology; 28.4.2 Resin; 28.4.3 End-Use; 28.5 Middle East & Africa; 28.5.1 Adhesive Technology; 28.5.2 Resin; 28.5.3 End-Use
29 Appendix: 29.1 Abbreviations

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