Emulsion Adhesives Market Competitive Intelligence: Analysis of Key Market Players, Products, and Strategies
Emulsion adhesives market
will witness a CAGR of 6.70% for the forecast period of 2022-2029.
Growth in the emulsion adhesives especially in the developing economies such
as India and China, surging application of emulsion adhesives for a
wide range of applications such as paper and packaging, automotive and transportation,
woodworking and others increasing investment by the government for research and
development activities and surge in industrialization especially in the
developing countries are the major factors attributable to the growth of the
emulsion adhesives market.
Market Insights and Scope
Emulsion adhesives are
acrylic polymer adhesives produced without using organic solvents. Emulsion
adhesives are used for a wide range of industrial applications owing to the
fact that they are safe, non-toxic and non-flammable in nature. Emulsion
adhesives are suitable for application on the permeable materials and are
available at a lower cost than other adhesives.
Rise in demand for
emulsion adhesives by buildings and construction industry is the root cause for
fuelling up the market growth rate. Rising demand for emulsion adhesives in the
manufacturing of tapes and labels and growth and expansion of various end user
verticals in the emerging economies will also directly and positively impact
the growth rate of the market. Rising awareness about the benefits of emulsion
adhesives in comparison to other adhesives or alternatives, rising expenditure
for research and development proficiencies by the major companies, upsurge in
the rate of industrialization, accelerating demand for eco-friendly adhesives
in automotive and transportation applications and growing focus on the
technological advancements and modernization in
the production techniques will further carve the way for the growth
of the market.
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