Waterborne Adhesives Market
eco-friendly, these are used in various industrial and commercial sectors. The factor that is hampering the market growth is its complex formulation. In comparison to solvent-based adhesives, waterborne adhesives’ formulation process is highly complex.
Global Waterborne Adhesives Market: Regional Analysis
Asia Pacific is the dominating market for waterborne adhesives owing to the growth of automotive, packaging, and construction industry. The developing countries such as India, Brazil, and China are driven by the automotive industry, giving a boost to the waterborne adhesives market. Along with being the dominant market, Asia Pacific is also the largest producer of waterborne adhesives. China is the country that owns the majority of the production plants owing to the availability of the raw materials and low production cost. North America stands second in the waterborne adhesives market growth. The demand for the waterborne adhesives is primarily in the packaging and automotive industry. Europe stands third in the market in terms of consumption but is second in the production of the waterborne adhesives. The European environmental agencies support the applications of waterborne adhesives as they are less hazardous to the environment.
Global Waterborne Adhesives Market: Competitive Players
Some of the key companies operating in the waterborne adhesives market include Bayer, The Dow Chemical Company, H. B. Fuller, Adhesives Research Inc., Ashland Inc., Bostik Inc., Cyberbond LLC., Super Glue Corporation, Henkel Corporation, BASF SE, Sika AG, 3M, Adco Inc., Avery Dennison Corporation, Beardow & Adams Ltd., Dymax Corporation, and Momentive Specialty Chemicals.