Illinois Tool Works Is One Of The Largest Companies In The Water-Based Adhesives Market, According To TBRC’s Report
(Companies: Henkel, H.B. Fuller, Arkema (Bostik), Sika, Dowdupont, DIC, 3M, Illinois Tool Works, Ashland, Mapei)
The global water-based adhesives market was worth $34.5 billion in 2019. The water-based adhesives market in Asia Pacific is forecasted to register the highest growth rate during 2018-2023.
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The water-based adhesives market consists of sales of water-based adhesives. Water-based adhesives are formulated either from natural polymers or soluble synthetic polymers which may be supplied as solutions or formulated as dry powders.
The global water-based adhesives market is expected to grow at a rate of about 10.2% and reach $50.9 billion by 2023. The adhesives market growth is aided by stable economic growth forecasted in many developed and developing countries. Recovering commodity prices, after a significant decline in the historic period, is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period.
Slower drying and freezing at low temperatures are the major issues with water based adhesives, limiting the growth of the market.
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Many adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real time insights and locate gaps in the manufacturing process. The data obtained is processed, analyzed and interpreted by plant managers and senior level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers on possible machine breakdowns.
Major players in the market are Henkel, H.B. Fuller, Arkema (Bostik), Sika, Dowdupont, DIC, 3M, Illinois Tool Works, Ashland, Mapei. Illinois Tool Works Inc. or ITW is an American Fortune 500 company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. It was founded in 1912 by Byron L. Smith.
Points From Table of Contents:
2. Water-Based Adhesives Market Characteristics
3. Water-Based Adhesives Market Size And Growth
3.1. Global Water-Based Adhesives Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Water-Based Adhesives Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Water-Based Adhesives Market Segmentation
4.1. Global Water-Based Adhesives Market, Segmentation By Type of Resin, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Acrylic Polymer Emulsion (PAE)
Polyvinyl Acetate (PVA) Emulsion
Vinyl Acetate Ethylene (VAE) Emulsion
Styrene Butadiene (SB) Latex
Polyurethane Dispersion (PUD)
4.2. Global Water-Based Adhesives Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Tapes & Labels
Paper & Packaging
Building & Construction
Automotive & Transportation
Others (consumer & DIY, leather & footwear, sports & leisure, and assembly)
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