"Emulsion Adhesives Market Analysis: Current Market Status and Future Projections"
According to Data Bridge Market Research, the emulsion
adhesives industry is expected to experience a compound annual growth rate
(CAGR) of 6.70% during the forecast period from 2022 to 2029. The growth of
emulsion adhesives is mainly due to its rising demand in developing countries
like India and China, its expanding use in a wide range of applications such as
paper and packaging, automotive and transportation, and woodworking, and the
government's increasing investment in research and development activities.
Additionally, the increase in industrialization, particularly in developing
nations, is also a significant factor contributing to the growth of the
emulsion adhesives market.
Market Insights and Scope
Emulsion adhesives are made of acrylic polymers and are
produced without the use of organic solvents. Due to their non-toxic, safe and
non-flammable nature, emulsion adhesives are widely used in various industrial
applications. These adhesives are also cheaper than other types of adhesives
and are suitable for use on permeable materials.
The growth in the construction industry's demand for
emulsion adhesives is the main factor driving market growth. The demand for
emulsion adhesives in the manufacturing of tapes and labels, as well as the
expansion of various end-user verticals in emerging economies, will also have a
direct and positive impact on market growth. Additionally, increasing awareness
about the benefits of emulsion adhesives compared to other adhesives, rising
investment in research and development by major companies, increased
industrialization, and growing demand for eco-friendly adhesives in automotive
and transportation applications, and focus on technological advancements and
modernization in production techniques will further contribute to the growth of
the market.
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