The global demand for Low-VOC Adhesives Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Low-VOC adhesives are adhesives that contain VOC (volatile organic compounds) in very small amounts. VOC reacts easily with nitrogen oxides present in the atmosphere and forms ground-level ozone which leads to environmental pollution and serious health hazards. Whereas low-VOC adhesives limit the release of chemicals in the air during its application and it is considered safer and eco-friendly. It can be broadly classified as water-based and hot-melt adhesives. Due to its high-strength bonding capabilities, it is ideal for a wide variety of substrates such as fabric, plastic, cardboard and paper. It is used for the purpose of sealing products. The bonds are long-lasting. It finds usage in numerous applications such as automobile, construction, flooring, furniture assembly, packaging and labelling, among others.
Market Dynamics
The low-VOC adhesives market is predicted to witness healthy growth during the forecast period. The key factor driving the target market is the rapidly growing building and construction industry. Another chief growth factor is accelerated demand for hot-melt adhesives owing to its flexibility, affordability and durability. An increase in the number of electric vehicles will boost the market. Growing demand for low-VOC adhesives in applications like paper and packaging will contribute towards market growth. Furthermore, strict government regulations and increasing usage of these adhesives in emerging economies will also favour its market. On the other side, changing raw material prices and the outbreak of Covid-19 may limit the growth of the low-VOC adhesives market during the assessment period.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of low-voc adhesives. The growth and trends of low-voc adhesives industry provide a holistic approach to this study.
Market Segmentation
This section of the low-voc adhesives market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Technology
- Water Based
- Hot-Melt
- Reactive And Others
By Chemistry
- PVA Emulsion
- PAE Emulsion
- VAE Emulsion
- EVA Emulsion
- Polyurethane
- Epoxy
- Others
By End-Use Industry
- Paper & Packaging
- Building & Construction
- Woodworking
- Transportation
- Consumers
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Low-VOC Adhesives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Low-VOC Adhesives Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the low-voc adhesives market include Henkel (Germany), 3M (USA), Sika AG (Switzerland), H.B. Fuller (USA) and Bostik (France). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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