Europe Waterborne Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)
Author:cheshire View:35
The Europe waterborne adhesives market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market growth the growing demand for waterborne adhesives as eco-friendly adhesives for solvent based adhesives. However, poor setting speeds of waterborne adhesives is hindering the growth of the market studied.
Increasing use of recycled plastics is expected to provide a major growth opportunity for the market studied.
Germany accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
Among the Resin Types, Polyvinyl Acetate (PVA) Emulsion is expected to dominate the market studied during the forecast period.
This section covers the major market trends shaping the Europe Waterborne Adhesives Market according to our research experts:
Polyvinyl Acetate (PVA) water borne adhesives is majorly used in the wood industry for making complex joints. The use of PVA also provides heat resistance throughout the joint and improves the lifespan of the wood.
PVA improves the UV degradability issue related to wood and imparts it higher resistance against UV radiation.
These adhesives are also used in bonding paper, cardboard, wood, base and for moisture-activated bonding.
Therefore, PVA emulsion is the most in-demand type of water-based adhesives currently and is expected to dominate the market studied during the forecast period.
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Europe is the second-fastest growing waterborne adhesive market in the world, after Asia-Pacific.
With the emergence of new industries and firms working in the research and development of waterborne adhesives, Germany has observed the highest growth in the market share in the recent past.
Germany is likely to expand at a fast growth rate, followed by the United Kingdom and Italy. Additionally, Germany has exhibited the largest growth in the number of players working towards the research and development in the waterborne adhesive market.
Therefore the Germany is expected to dominate the market studied during the forecast period.
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