Scienza e Tecnologia
Low VOC Adhesives Sales to Accelerate at 5% CAGR as Demand for Water-based Adhesives Burgeons
NEW YORK , Nov. 30, 2021 /PRNewswire/ -- Growing preference for eco-friendly alternatives in various sectors such as pulp & paper and transportation industries is expected to propel sales of low VOC adhesives at a 5% CAGR from 2020-2030. As per Fact.MR, consumption will increase in the automotive industry, which is expected to augment growth of the low VOC adhesives market through the assessment period.
Low VOC adhesive compounds are sustainable, eco-friendly, and offer high strength and bonding capabilities. Increasing adoption of hot-melt low VOC adhesives in the consumer goods, packaging, and personal care industries is expected to continue pushing sales in the forthcoming years.
Rapid urbanization in various counties such as India , Brazil , and China is leading to the expansion of the construction and wood industries. Low VOC adhesives are used in the wood industry for the fixture of furniture and other components. This is further fuelling the demand for holt-melt low VOC adhesives.
Consumption of low VOC adhesives in the construction sector is expected to remain high in the forthcoming years. This is due to a myriad of benefits offered by low VOC adhesives, such as high temperature and water resistance, easy accessibility, and high stability. These adhesives also facilitate fast curing in humid environments in new construction projects.
Stringent regulations imposed to restrict greenhouse gas emissions is a chief factor driving sales of water-based low VOC adhesives. This has also resulted in growing awareness regarding sustainability in the building & construction sector. Low VOC adhesives are made from recycled, renewable, and biodegradable materials, which in turn is expected to push their sales in the forthcoming years.
Leading players in the global low VOC adhesives market are investing in strategic collaborations, mergers, acquisitions, and partnerships to strengthen their distribution networks and market presence. Apart from this, players are investing in research and development and collaborating with other players to improve their product offerings. For instance:
In September 2021 , Henkel collaborated with Weir Minerals, the manufacturer of Linatex, the world's leading brand of premium natural rubber, to develop LINATEX LOCTITE- LINA 88 adhesive range. The new range is solvent-free and zero VOC for rubber lining. The collaboration is aimed at helping both companies enhance sustainability and improve product portfolios.
Fact.MR provides an unbiased analysis of the low VOC adhesives market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2020-2030. The study divulges compelling insights into the global low VOC adhesives market with a detailed segmentation on the basis of:
End-user need for heat- and moisture-resistant adhesives, as well as quick-fixing adhesives, continues to fuel construction adhesive demand. The building business has expanded dramatically during the last few decades. Construction adhesive is used by construction businesses for water proofing, repairing leaky roofs, and other uses. Construction adhesive is being used to replace traditional methods of material attaching such as nuts and bolts, wood glue, and contact cement. In addition, rising investment in commercial developments in developing countries has boosted construction adhesive demand.
The usage of high-performance adhesives in interior and exterior automotive applications has fueled the expansion of the adhesives market. Adhesives are finding more and more uses in the construction industry, which has aided market growth. The packaging industry's demand has been steadily expanding. Adhesives will be used more in the sector as consumers' preferences for low-cost and flexible packaging solutions shift. The market has seen a significant increase in research and development spending.
In developed countries such as the United States , the European Union, and Japan , the textile adhesives industry is projected to alter as demand shifts toward technical fabrics. Due to the availability of low-cost labor and abundant raw materials in Asian countries, a considerable portion of the textile industry is centered in China , South Asia , and South-East Asia . As a result, Asia Pacific accounts for the majority of the demand for textile adhesives. Textile adhesive producers are collaborating with textile product end-users such as automobile and sports product manufacturers to create innovative technologies.
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