Low VOC Adhesive Market Size (2024 - 2029)

The low VOC adhesive market is anticipated to experience growth driven by increasing demand from the paper and packaging industry, a shift towards hot-melt adhesives, and stringent regulatory policies. Despite challenges posed by the COVID-19 pandemic, the market's expansion is supported by its significant application in packaging due to its strong adhesion properties. The Asia-Pacific region leads in market size and is projected to continue its rapid growth, fueled by consumption in countries like China, India, and Japan.

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Market Size of Low VOC Adhesive Industry

Low Voc Adhesive Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Low Voc Adhesive Market Key Players

*Disclaimer: Major Players sorted in no particular order

Low VOC Adhesive Market Analysis

The market for low voc adhesive is expected to grow at a CAGR of about 5% globally. Major factor driving the market studied is the growing demand from paper and packaging industry, shifting consumer preferences to hot-melt adhesives and strict regulatory policies. On the flip side, unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.

  • The paper and packaging industry is expected to dominate the end-user industry segment of the global low voc adhesive market as it offers excellent adhesion to many substrates such as case & carton, corrugated, food and beverage and flexible packaging.
  • Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, India, and Japan.

Low VOC Adhesive Industry Segmentation

The Low VOC Adhesive Market report includes:

Chemistry
Polyvinyl Acetate (PVA)
Polyacrylic Acetate (PAE)
Vinyl Acetate/Ethylene (VAE)
Ethylene Vinyl Acetate (EVA)
Epoxy
Others
Type
Water-based Adhesives
Hot-melt Adhesives
Reactive
End-user Industry
Paper and Packaging
Building and Construction
Transportation
Woodworking
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Low VOC Adhesive Market Size Summary

The low VOC adhesive market is poised for significant growth, driven by increasing demand from the paper and packaging industry, a shift towards hot-melt adhesives, and stringent regulatory policies favoring eco-friendly products. The paper and packaging sector is expected to dominate the market due to the excellent adhesion properties of low VOC adhesives to various substrates, including case and carton, corrugated, and flexible packaging. The Asia-Pacific region, led by countries like China, India, and Japan, is anticipated to be the largest and fastest-growing market, fueled by the rising consumption in these emerging economies. The adoption of low VOC adhesives is further supported by their favorable clearance for food packaging by regulatory agencies, enhancing their appeal in the packaging industry.

Despite the positive growth prospects, the market faces challenges such as the increased manufacturing costs associated with eco-friendly compounds and the lingering impacts of the COVID-19 pandemic. However, the emphasis on environmental safety and the demand for low VOC solutions in the transportation sector, particularly in aircraft, aerospace, and automotive applications, present additional opportunities for market expansion. The market is partially consolidated, with major players like 3M, Akzo Nobel N.V., Ashland, H.B. Fuller Company, and Huntsman Corporation holding significant market shares. These companies are strategically positioned to leverage the growing demand for low VOC adhesives across various end-user industries, particularly in the rapidly expanding Asia-Pacific region.

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Low VOC Adhesive Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Paper and Packaging Industry

      2. 1.1.2 Shifting Consumer Preferences to Hot-melt Adhesives

      3. 1.1.3 Stringent Regulatory Policies

    2. 1.2 Restraints

      1. 1.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Chemistry

      1. 2.1.1 Polyvinyl Acetate (PVA)

      2. 2.1.2 Polyacrylic Acetate (PAE)

      3. 2.1.3 Vinyl Acetate/Ethylene (VAE)

      4. 2.1.4 Ethylene Vinyl Acetate (EVA)

      5. 2.1.5 Epoxy

      6. 2.1.6 Others

    2. 2.2 Type

      1. 2.2.1 Water-based Adhesives

      2. 2.2.2 Hot-melt Adhesives

      3. 2.2.3 Reactive

    3. 2.3 End-user Industry

      1. 2.3.1 Paper and Packaging

      2. 2.3.2 Building and Construction

      3. 2.3.3 Transportation

      4. 2.3.4 Woodworking

      5. 2.3.5 Others

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Low VOC Adhesive Market Size FAQs

The Low VOC Adhesive Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

3M, Akzo Nobel N.V., Ashland, H.B. Fuller Company and Huntsman Corporation are the major companies operating in the Low VOC Adhesive Market.

Low VOC Adhesive Report Snapshots

Low VOC Adhesive Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)