Low VOC Adhesive Market

Low VOC Adhesive Market Size-2023-2028:

The Low VOC Adhesives Market size was valued at $ 44.27 billion in 2022 and is expected to reach $ 58.17 billion by 2028 at a CAGR of 7.1% during the forecast period from 2023-2028

Low VOC adhesives are used to bond laminates, wood, metal, and particleboard. They are also used to bond flexible foams, lightweight materials, and substrates with more porous surfaces. Low VOC adhesives have high adhesion, making them ideal for use on bonding paper, cardboard, and many applications such as labeling, packaging, palletizing, and case sealing. Volatile Organic Compounds (VOCs) are compounds that have low solubility in water and high vapor pressure at room temperature.

VOCs are an important substance that is used in the manufacture of adhesives and sealants to make them usable. Low-VOC adhesives are made with a lower VOC volume and have less impact on the environment. For the use of environmentally friendly products in the home, low VOC adhesives are preferred due to their low negative impact on air quality and are approved for environmentally sensitive people. Low VOC adhesives meet strict standards while maintaining high performance and protecting the health of the environment.

Low VOC Adhesive Market Trends:

The major factor for this growth is because of the intensive utilization of low-VOC adhesives in multiple types of packaging, such as boxes and cartons, corrugated cardboard, food and beverages, and flexible packaging. Additionally, the acceptance of the low VOC adhesive in this industry is due to its easy approval for food packaging by the FDA and BGA agencies. Likewise, hot melt technology achieves and maintains similar performance on the high-speed packaging line. The increasing demand for the use of environmentally friendly compounds in packaging adhesives, due to strict government regulations, is increasing the cost of manufacturing, which in turn is expected to slow the growth of the market. In addition, stringent government environmental safety regulations require a focus on the production of volatile organic compounds (VOCs), which is expected to have a positive effect on the growth of the market. Polyvinyl acetate (PVA) adhesives are widely used in adhesives as synthetic resin. It has a wide scope in packaging applications such as bookbinding, paper bags, cartons, labels, foils, foils, cardboard decals, wood assembly, car upholstery, and leather binding.

Recent Developments in the Low VOC Adhesive Industry:

• In Nov 2020, MAPEI lately launched MAPEI HM Primer, a low-VOC, water-based, quick-drying primer.
• In Nov 2020, DELO recently launched a light- and humidity-curing sealant for connectors that are mostly found in vehicle control units or sensors.

Low VOC Adhesive Market Drivers:

The increased use of adhesives in various industries such as construction, paper and packaging, transportation, consumer goods, and others is expected to be one of the major growth factors of the market. In addition, strict government regulations aimed at reducing the VOC content of adhesives to provide excellent adhesion, as well as increasingly stringent regulations for passenger vehicles to maintain indoor air quality, are boosting the market growth. The increased use of low VOC adhesives in various types of packaging, such as food and beverage and flexible packaging, is driving the growth of the market. Additionally, the numerous applications of low VOC adhesives in packaging such as paper bags, bookbinding, leather binding, and wood assembly are increasing the demand for the product. In addition, low-VOC adhesives help achieve high-speed packaging and have easy Food and Drug Administration (FDA) clearance for food packaging. Hence, these factors are expected to explain the market growth. Increased investment in developing economies for light and low-carbon vehicles is driving market growth. In addition, the increased demand for durable adhesives coupled with the growing trend of electric vehicles translates into higher investments which in turn drives the growth of the market.

Low VOC Adhesive Restraints:

The increased demand for environmentally friendly compounds due to strict government regulations leads to an increase in the cost of raw materials, which in turn translates into an increase in manufacturing costs. Hence, changes in commodity prices are expected to hamper the growth of the market during the forecast period.

Opportunities in the Low VOC Adhesive Market:

Segmented water-based adhesives are believed to dominate the market due to their flexibility, low VOC content, and better efficiency than other adhesives. Additionally, water-based adhesives are made from natural or synthetic polymers which are soluble and are absorbed by the substrate. Moreover, these adhesives are easy to handle which further accelerates the market growth during the forecast period.

Challenges in the Low VOC Adhesive Market:

Strict regulatory policies in various countries are the main challenge for the global low-VOC adhesives market. High volatility in commodity prices can be a challenge for manufacturers.

LOW VOC ADHESIVE MARKET REPORT COVERAGE:

Low VOC Adhesive Market Segmentation:

Low VOC Adhesive Market-By Chemistry:

• Vinyl acetate-ethylene (VAE)

• Ethylene-vinyl acetate (EVA)

• Epoxy

• Polyvinyl acetate (PVA)

• Polyacrylic ester (PAE)

• Polyurethane

• Others

Low VOC Adhesive Market-By End-Use Industry:

• Building & construction
• Woodworking
• Paper & packaging
• Transportation
• Consumer
• Others

Low VOC Adhesive Market-By Technology:

• Hot-melt adhesive
• Reactive & other adhesives
• Water-based adhesive

Low VOC Adhesive Regional Analysis:

The Low VOC Adhesive Report includes the segmentation of Region:

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa 

One of the key factors for the rapid growth of the packaging segment includes the growth of the e-commerce platform and the increase in consumption along with the rising income levels of the masses. China is expected to experience steady growth during the period, owing to the increase in custom packaging, and increased demand for consumer packaged products, in the food segment, such as ready-to-eat foods, snacks, and snacks, frozen foods, etc. Emerging economies, such as China, India and South Korea, and other countries in Southeast Asia are attracting global players to establish their manufacturing bases in Asia-Pacific. These players compete with each other to create a large customer base in countries like China and India to meet the growing demand for adhesives from various end-user industries. The need to reduce weight through the deployment of smaller gauge metals and plastics has created several opportunities for adhesives in bonding applications. Growing government regulations for indoor air quality in passenger vehicles and stringent Original Equipment Manufacturers (OEMs) standards are driving regional demand in the transportation sector.

Low VOC Adhesive Market Key Players:

The key players covered in the low VOC adhesive market report are 3M, B. Fuller, Sika, Bostik, DOW., Huntsman, Illinois Tool Works, Ashland Global Holdings, Mapei, Akzonobel, Ppg Industries, Lord Corporation, WackerChemie, Scigrip Adhesives, Pidilite Industries, Ardex, Permabond, Franklin International, Jowat, Delo Industrial Adhesives, Dymax, The Reynolds Company, Uniseal, and Roberts Consolidated Industries, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately