Waterborne Adhesive Replaces Solvent-Based Adhesives Has Become a Trend
According to statistics, by 2020, the market value of global adhesives and plasticizers market will reach 43.195 billion U.S. dollars. During this time, the most important driving force of the adhesive and plastic sealant market comes from China, India, and Brazil. Construction, automotive, and packaging Market development.
At the same time, people in the industry are also faced with the challenge of large fluctuations in raw material prices. The environmental protection requirements in the United States and Europe are getting higher and higher, which to some extent hinder the market development of adhesives and plasticizers. Faced with various challenges, the industry is also striving to find sustainable solutions to replace the original petroleum-based adhesives and plasticizers. Sustainable adhesives and plasticizers mainly use vegetable oils as raw materials to achieve environmental protection.
In 2013, water-based adhesives dominated the international market, accounting for 46% of total sales. Waterborne adhesives contain no volatile organics and have less impact on the environment. This is the biggest potential for this product. In the next 10 years, water-based adhesives are expected to completely replace solvent-based adhesives in the U.S. and European markets. From 2014 to 2020, the compound annual growth rate of the waterborne adhesive market reached 5.4%. By 2020, the global hot melt adhesive market volume will reach 2,379,900 tons, and the average annual growth rate will reach 5.1% in six years.
In 2013, the global adhesive market had a capacity of 8,976,600 tons. It is estimated that by 2020, the market capacity will reach 12.3922 million tons, and the compound annual growth rate will reach 4.7%. On the other hand, the global market for plasticizers in 2013 was 1.764 million tons, and it is expected to reach 237.15 million tons by 2020, with a compound annual growth rate of 4.3%.
In 2013, acrylic adhesive accounted for 36.9% of the global market for adhesives, and acrylic adhesives will be the fastest-growing adhesive market between 2014 and 2020, with a compound annual growth rate of 5.3%. Immediately after the acrylic adhesive is PVA adhesive, which represents 28.1% of the total market share. For the plasticizer market, silicone is currently dominated by a 30.3% share, while polysilicon will also be the fastest growing market with a compound annual growth rate of 4.9%.
For downstream applications, pressure sensitive materials are the largest downstream market, accounting for 29.1% of the total share. However, the development of the furniture market is the fastest, with a compound annual growth rate of 5.9%. At the same time, the levels of disposable income in China, Brazil, and India have increased year by year, driving market demand in the region. For the plasticizer market, the construction sector is still the largest downstream application, accounting for 27.3% of the total market share. The automotive sector followed, accounting for 19.2% of the market.
In 2013, whether in the adhesive or plasticizers, the Asia-Pacific region still occupied a major position on a global scale, and the demand for adhesives and plasticizers in the region was 42.6% and 39.2%, respectively. The Asia-Pacific region will also be the fastest-growing market, with compound annual growth rates for adhesives and plasticizers being 5.9% and 5.3%, respectively. The European market is the second largest market.
As far as the entire value chain of adhesives and plasticizers is concerned, there are still multinational companies leading the way. The main companies are Henkel, 3M, HB Fowler, Dow Corning, Bostik, which account for more than 50% of the global market. Other active companies include Roche, BASF, Eastman and Ashland.