Asia-Pacific Waterborne Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Asia-Pacific waterborne adhesives market is expected to grow at with a CAGR greater than 7% during the forecast period. One of the major factors driving the market growth is the growing demand from building & construction industry. However, limited resistance of waterborne adhesives to moisture and water is hindering the growth of the market studied.

• Advancements in food packaging and safety industry is expected to provide a major growth opportunity for the market studied.
• China accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
• Among the application areas, packaging industry is expected to witness the highest growth rate during the forecast period.

Key Market Trends

Packaging Industry is likely to Witness the Highest Growth Rate

• Packaging is a rapidly growing industry with respect to waterborne adhesives as they are nonreactive and safer as compared to other types of adhesives.
• Waterborne adhesives are cost-effective, non-reactive, and quick hardening as compared to previous adhesive technology.
• Thus, the use of waterborne adhesives in packaging materials is seen as a technologically upward trend in the Asia-Pacific region.
• Also the use of waterborne adhesives is seen as an eco-friendly step among the manufacturers.
• Hence, owing to the above-mentioned reasons, packaging industry is likely to witness the highest growth rate during the forecast period.

China to Dominate the Market Studied

• China accounts for the major market share for the Asia-Pacific waterborne adhesives market owing to the high demand from packaging and building & construction industries.
• Rapid urbanisation and population growth of the country has propelled infrastructure and construction activities in this region, which, in turn, has boosted the demand fro waterborne adhesives in the country.
• Additionally, the growing demand from the packaging industry is also driving the demand for waterborne adhesives in the country.
• Hence, owing to the above-mentioned reasons, China is expected to dominate the market studied during the forecast period.

Competitive Landscape

The Asia-Pacific waterborne adhesives market is moderately consolidated as the market of the market share is divided among a few players. Some of the key players in the market include 3M, Arkema Group, Dow, Henkel AG & KGaA, and Sika AG, among others.

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