Water-based Adhesive Market will grow from US$ 17.3 billion in 2021 to $ 21.26 billion in 2026, recording a compound annual growth rate of above 7.78% over the forecast period from 2022 to 2027.

. Water-based adhesive are developed using a combination of water, polymers, and additives. They are ideal for porous or non-porous substrates. These adhesives may be formulated as solutions and are activated as the water evaporates or is absorbed by the substrate; these are the main factors that have considerably increased the demand for the water-based adhesive in the market, thereby driving the huge growth of the water-based adhesive market in the upcoming years

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Market Drivers and Restrains:

The main factors that have considerably increased the demand for the water-based adhesive in the market is mainly due to the increase in use of tapes and labels in the packaging of electronic and electrical devices, hygiene and medical packaging, packaging of drug delivery system, packaging of construction materials during transit, packaging related to automotive and logistics, and packaging of consumer and industrial goods are a few factors expected to boost the growth of water-based adhesive market. Additionally, Various useful properties such as durability, flexibility, and economic efficiency, extended by water-based adhesives that boosts the water-based adhesive market towards immense growth; these are the main factors that have considerably increased the demand for the water-based adhesive in the market, thereby driving the huge growth of the water-based adhesive market in the upcoming years

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Report is segmented as:

Water-based adhesive Market is segmented on the basis of by:

By Resin Type (PAE, PVA Emulsion, VAE Emulsion, SB Latex, PUD, And Others),
By Application (Tapes & Labels, Paper & Packaging, Woodworking, Building & Construction, Automotive & Transportation, And Others)
Geographical Segmentation:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
And rest of world. North America has the dominant share in the water-based adhesive is due to the growing demand for lightweight and low pollution causing vehicles these are the main factors that have considerably increased the demand for the water-based adhesive in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the water-based adhesive Market

Impact of COVID-19 on Market

Covid -19 pandemic has affected every industry, and the long-term consequences are projected to influence the water-based adhesive boom for the duration of the forecast period. Covid-19 pandemic has impacted large on the income of water-based adhesive market. COVID-19 has adversely affected the water-based adhesive market. The restrictions and lockdown imposed by means of the authorities in quite a few international locations has gradual down the market and reduce the water-based adhesive. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the water-based adhesive market growth.

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