Water-based Adhesive Marketembed
Water-based Adhesives was around USD 15.3 Billion by revenue, at the end of 2018. It is anticipated to grow at a 5.78 % CAGR to reach close to USD 20.26 Billion by 2023.
Asia Pacific offers significant growth potential for the Water-based Adhesive Market Market Overview: The water-based adhesives market has decent growth that is expected to total USD 20.26 billion by the end of 2023. The growing demand for the end-use packaging industry is the main reason for the increase in the water-based adhesive market. The global market for these adhesives was approximately US$ 15.3 billion in revenue by the end of 2018. It is expected to gain a CAGR of 5.78% to reach nearly US$ 20.26 billion by 2023. Market Drivers and Restraints: The growing demand for water-based adhesives in the packaging industries is the primary driver of the global water-based adhesives market. The widespread application of water-based bays to heavy-duty packaging, cardboard sealing and general packaging objectives are also a reason for the development of the world market. However, the concentration of the world market in the Asia-Pacific region is a significant constraint to the global expansion of the waterbased adhesives market. Also, stringent regulations imposed on crucial market participants due to the environmental damage caused is another limiting factor for the worldwide market. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/water-based-adhesive-market Report segmented as By Product Type: • • Vaccines Drugs By Application: • • • • • Tapes & Labels, Paper & Packaging, Woodworking, Building & Construction, Automotive & Transportation, And Others Geographical Analysis: Based on geography, the market for water-based adhesives is fragmented, such as Latin America, Europe, Asia, the Middle East and Africa and North America. Asia-Pacific had the highest share of water-based adhesives market since 2018. It is the fastest-growing region due to the demand for emerging industries and the scope of future opportunities, especially in developing countries such as Japan, China and India. North America occupied the second position on the global market in 2018 and is expected to continue the same over the forecast period. The constant demand for established industrial end-users is the reason for the steady growth of the market in this region. The European market is also expected to grow steadily between 2018 and 2023. Growth in these areas is significantly low due to the less locational advantages than Asia-Pacific, such as cheap labor and ease of availability, which makes the Asia-Pacific market more prominent. Important Market Players: By the end of 2018, Henkel (Germany), DIC, H.B. Fuller (US), 3M Company (US), Dow Corning (US), Evonik (Germany), Arkema (France), Franklin International (US), Huber Group (India), Sika (Switzerland), and Illinois Tool Works LLC. (US) are the leading shareholders of the Global Water-based Adhesive market. View a sample and decide @ https://www.marketdataforecast.com/market-reports/waterbased-adhesive-market#request_sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: [email protected] Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/