Emulsion polymers are commonly used as a polymeric base for different general-purpose adhesives. Emulsion adhesives are formed by the emulsification and polymerization of ethylene-vinyl acetate, acetic vinyl, and acrylic resin in water. These adhesives are mainly used for porous materials. These are non-flammable, non-toxic in nature and hence are relatively safer to use. The global emulsion adhesives market is projected to register good growth during the forecast period, owing to its wide range of applications such as woodworking, furniture, packaging, paper working, and others.

On the basis of type, the emulsion adhesives market is segmented into acrylic polymer, polyvinyl acetate, vinyl acetate-ethylene, lattices, polyurethane dispersion, and others. The acrylic polymer segment is anticipated to dominate the market in the coming years. In the adhesives market, acrylics are gaining market share, majorly in pressure-sensitive labels and tapes, including decal and label applications, medical tapes, envelopes, and others. Also, acrylic emulsions are environment-friendly adhesives and also provide an adequate balance among tack, shear, and peel strength of the bond.

Based on application, the emulsion adhesives market is segmented into packaging, woodworking, tapes and labels, construction, automotive and transportation, and others. The automotive and transportation segment is projected to register the fastest growth in the coming years, which is attributed to the automotive industry expansion, particularly in Asian countries, resulting in the increased production of automobiles. These emulsions are used in automobile components manufacturing that includes headliners, taillights, and interior trims.

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Availability of substitutes in the market including hot melt adhesives, performance issues in high strength applications is the major challenges identified in the emulsion adhesives market, which can potentially hinder the market growth in the coming years. The availability of hot melt and other solvent-less adhesives are giving tough competition to these adhesives, which is posing as a challenge in the market.

Globally, the emulsion polymer market is fragmented which comprises of the large number of small, mid-sized, and large players. The emulsion adhesives market also experiences the same dynamics. In order to compete in the market, manufacturers are expanding their facilities along with their product portfolio to cater to the market in an efficient manner to remain competitive.

Moreover, the increase in demand for acrylic emulsion adhesives and the shift of manufacturing bases from developed countries to Asia-Pacific countries, owing to low production costs are also among the key factors anticipated to drive the emulsion adhesives industry growth in the region.

The major players are introducing innovative products in the market as part of their strategy to gain a competitive edge over competitors. Some of the major players operating in the emulsion adhesives industry are Wacker Chemie, Ashland Inc., Henkel Corporation, H.B. Fuller, 3M Company, Pidlite Industries Ltd., Arkema Group, DowDuPont Inc., STI Polymer, Tailored Chemical Product, Melton Adhesives, Lord Corporation, Mapei S.P.A, and Franklin International.

Source: VynZ Research