Emulsion Adhesives Market 2020- COVID-19 Analysis, Growth, Forecast to 2023
Emulsion Adhesives Market
Eastman Chemical Company (US), Emerald
Performance Materials (US), Chemsultants International, Inc. (US), H.B.
Fuller(US), Henkel AG & Co. KGaA (Germany), Wacker Chemie AG (Germany), 3M
(US), Cemedine Co., Ltd (Japan), Paramelt (Netherlands), DowDuPont (US), Avery
Dennison Corporation (US), and Ashland (US) these are the key players for
emulsion adhesives market.
Based on application, the market has been segmented into tapes
& labels, furniture, woodworking, decorated plywood, composite
materials, plastics, paper, panels, cloths, and others. Taps and labels
accounted for the largest market share in 2017 on account of increasing demand
for pressure sensitive labels in beverages, food, and cosmetics & personal
care products.
Based on end-use industry, the market
has been segmented into packaging, paper working, furnishing, construction,
automotive, and others. Packaging accounted for the largest share of the global
emulsion adhesives market in 2017 and is expected to grow at a significant rate
during the review period on account of increased demand for packaged food and
beverages. Furnishing industry accounted for the second largest share of the
global emulsion adhesives in 2019.
Segmentation Analysis
The Global Emulsion
Adhesives Market has been
segmented by type, application, end-use industry, and region. Based on
type, the market has been segmented into acrylic
polymers, polyvinyl acetate (PVA), vinyl acetate ethylene (VAE),
styrene-butadiene latex (SB), polyurethane dispersion (PUD), and others.
Among these, acrylic polymer is being widely preferred due to good mechanical
stability and high tack, cohesive & peel strength. It is mainly used in
tapes and removable & permanent pressure sensitive labels.
Competitive Landscape
Key Players
·
Eastman Chemical Company
·
Emerald Performance Materials
·
Chemsultants International.Inc.
·
H.B. Fuller
·
Henkel AG & Co. KGaA
·
Wacker Chemie AG
·
3M
·
Cemedine Co.Ltd
·
Paramelt
·
DowDuPont
·
Avery Dennison Corporation
·
Ashland.
Regional Analysis
Based on region, the emulsion
adhesives market has been classified into
North America, Europe, Asia-Pacific, Latin America, and the Middle East
& Africa.
Asia-Pacific
accounted for the largest share of the emulsion adhesives market on account of
the growing end-use industries in the
region, especially the packaging, furnishing, automotive, and construction. An
expanding population base and rising disposable income of consumers are the
other factors driving market growth.
The
European market is expected to grow at a considerable rate
during the review period. The growing packaging and furnishing industry are
propelling market growth.
The markets in Latin America and
the Middle East & Africa are likely to register moderate growth during
the review period as a result of the growing industrial base in these regions.
North
America is a prominent market for emulsion adhesives
due to the growing flexible packaging industry as a result of the increasing
consumption of packaged beverages and food products.
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