Scienza e Tecnologia
Low-VOC Adhesives Market Size to Cross $81.1 Billion by 2030, says P&S Intelligence
The key players in the low-VOC adhesives market are 3M Company, Akzo Nobel N.V., Ashland Global Holdings Inc., H.B. Fuller Company, Huntsman Corporation, Henkel AG & Co. KGaA, Sika Services AG, Bostik, Pidilite Industries Ltd., PPG Industries Inc., and Wacker Chemie AG.
The high penetration of online shopping in APAC is driven by the rising income levels and swelling consumption power of individuals, which, in turn, are leading to the increasing demand for low-VOC adhesives for packaging. A study by Facebook states that the average online spending in Southeast Asian countries augmented from $238 per person in 2020 to $381 per person in 2021. Additionally, the aerospace and automotive industries are the main consumers of low-VOC adhesives in the region.
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Prajneesh Kumar
P&S Intelligence
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