Status : Published Published On : Nov, 2021 Report Code : VRCH2077 Industry : Chemicals & Materials Available Format : Page : 200

Global Water-Based Adhesive Specialty Tapes Market – Analysis and Forecast (2021-2027)

Industry Insight by Resin Type (Acrylic Polymer Emulsion (APE), Styrene Butadiene (SB) Latex, Polyvinyl Acetate (PVA) Emulsion, Polyurethane Dispersion (PUD), and Vinyl Acetate Ethylene (VAE) Emulsion and Others), by Application (Tapes and Labels, Paper and Packaging, Building and Construction, Automotive and Transportation, Consumer, Leather & Footwear, Sports & Leisure, Assembly, and Others), and Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

The global water-based adhesive specialty tapes market was valued at USD 8.2 billion in 2020 and is anticipated to reach USD 8.5 billion by 2027, growing at a CAGR of 6.67% during the forecast period 2021-2027. Water-based adhesive is chemical composites that are made of by mixing water, polymers, and different additives.

Water-Based Adhesive Specialty Tapes Market Highlights

The water-based adhesives can be in liquid or powder solution form and are apt for porous or non-porous substrates. The water-based adhesive specialty tapes are generally prepared from natural or artificial soluble polymers. Water acts as a carrier fluid and controls the fluidity of useful adhesive composites for various substrates having loads of thickness. The global water-based adhesive specialty tapes are growing owing to the increased adoption in the automotive sector, increased public awareness about the benefits of such tapes, escalating demand for medical products, and technological developments in the healthcare industry that will propel the growth of the market.

The COVID-19 crisis has had a neutral effect on the water-based adhesive specialty tapes market owing to a little disruption in the supply of raw material due to travel restrictions and stringent lockdown measures. In addition, the COVID-19 pandemic and reduced crude prices have led to a fluctuation in the level of demand from the industry verticals like commercial construction and infrastructure. Nevertheless, the demand for adhesive formulations has grown in the residential construction sector and medical devices sector.

Market Segmentation

Insight by Resin Type

Based on resin type, the global water-based adhesive specialty tapes market is divided into Acrylic Polymer Emulsion (APE), Styrene Butadiene (SB) Latex, Polyvinyl Acetate (PVA) Emulsion, Polyurethane Dispersion (PUD), and Vinyl Acetate Ethylene (VAE) Emulsion and others. The PVA Emulsion dominates the market as PVA adhesive produces clear, hard films that are weather resistant and can withhold water, grease, oil, and petroleum fuels.  In addition, it offers properties such as high initial adhesiveness, almost invisible adhesive joints, softening at 30-45 °C, resistance to biodegradability, and low cost.

Insight by Application

Based on application, the water-based adhesive specialty tapes market is categorized into tapes and labels, paper and packaging, building and construction, automotive and transportation, consumer, leather & footwear, sports & leisure, assembly, and others. The tapes and labels are anticipated to have the fastest growth owing to extensive utilization across various industries and for many adhesive applications and includes construction tape adhesives, masking tape adhesives, freezer label adhesives, removable or repositionable label adhesives as these adhesives are flexible and versatile. The construction industry is anticipated to have a faster growth owing to the increased usage of acrylic polymer emulsion resin type in water-based adhesive specialty tapes as APE provides superior performance and non-flammable properties.

Industry Dynamics

Industry Trends

The increasing prominence for technologically developed and environmentally friendly products in different industry verticals and provides high-performance compared to conventional solvent-based adhesives in terms of efficiency and flexibility are the trends prevalent in the water-based adhesive specialty tapes market. Moreover, government regulations to limit VOC emissions will further support the growth of water-based products.  

Growth Drivers

The rising demand from the packaging industry owing to its features like durability, flexibility, and economic efficiency will stimulate the growth of the water-based adhesive specialty tapes market. Moreover, the extensive application in the automotive industry as double-sided tapes, protection tapes, and foam tapes are easy to fix and remove. Moreover, the increased demand for light and low emission vehicles such as smart cars and aluminum trucks will drive the growth of the market. It is used in the healthcare industry and is adopted in applications like surgical tapes and waterproof tapes to cover incisions and wounds. Moreover, water-based adhesive specialty tapes have antigenic properties and hold tightly on the skin, bandage, or dressing material, resulting in wide adoption in the healthcare sector.

Challenges

The inability to store the product for a long period of time, reduced shelf life, vulnerable commodity costs are the challenges faced by the manufacturers of the water-based adhesive specialty tapes market. In addition, the formulation of water-based adhesives specialty tapes are complex and slow drying and freezing at low temperatures owing to the volatility features of water may hinder the growth of the market.

Geographic Overview

APAC is anticipated to have the largest share in the global water-based adhesive specialty tapes market owing to the expansion of the automotive, healthcare, and electronics, and electrical sectors. Moreover, the rising disposable income and economic growth may augment the growth in the region. Europe is anticipated to have a strong growth during the forecast period in the water-based adhesive specialty tapes market owing to robust growth in building bridges and highways and growing business investments in buildings. Moreover, the rising urban population and an increasing number of immigrants may further propel the growth of the market.

Competitive Insight

The water-based adhesive specialty tapes industry players are involved in various strategic initiatives to remain competitive in the market such as product launches, mergers, and acquisitions, partnerships, etc. Thus, industry players are strengthening their position in a highly competitive market and provides a competitive edge.

3M has developed a novel water-based product so-called 3M™ Fast Tack Water Based Adhesive 1000NF which is unique and designed to deliver faster bonding time, heat resistant bonding, repositionable, and high ultimate strength. Thus, it is non-flammable, polychloroprene-free, and has zero VOCs

Henkel is one of the trusted water-based adhesive manufacturers and offers various products in AQUENCE that are coater-ready and superior finishes allow customers to maintain product quality and enhance the total cost of ownership. Moreover, the company’s products are used in various applications like books, home appliances, medical tape, and packaging.

In November 2021 HB Fuller Company has launched a new generation of high-performance water-based adhesives with Swift® tak 5730 grade to create consumer-safe, liquid-resistant paper straws as it provides superior performance, is consistent, sustainable, easily machinable, and increases the overall productivity.

Bostik has launched a new advanced water-based adhesive for in-car use using the Aquagrip 3720.

Bostik has launched a novel and advanced water-based adhesive for automotive interior assembly applications called Aquagrip 3720. The product is suitable for bonding low surface energy, rigid substrates to the closed-cell foam and foam-backed materials, thereby enhancing process efficiencies and product performance and decreasing the environmental impact, and improving worker safety. This product is also plasticizer-resistant, responsive to heat, and suited with one-sided application processes to simply meet manufacturing requirements.

Key players in the water-based adhesive specialty tapes market include Dymax, 3M, Bostik, NITTO DENKO CORPORATION, HB Fuller Company, LINTEC Corporation, Henkel AG & Co. KGaA, AVERY DENNISON CORPORATION, Intertape Polymer Group, and Lohmann GmbH & Co.KG.

Water-Based Adhesive Specialty Tapes Market Size and Market Analysis

Source: VynZ Research

Frequently Asked Questions

The global water-based adhesive specialty tapes market is growing at a CAGR of 6.67% during the forecast period 2021-2027.
The global water-based adhesive specialty tapes market was valued at USD 8.2 billion in 2020 and is anticipated to reach USD 8.5 billion by 2027
The rising demand from the packaging industry and automotive industry owing to its features like durability, flexibility, and economic efficiency will stimulate the growth of the water-based adhesive specialty tapes market.
APAC is anticipated to have the largest share in the global water-based adhesive specialty tapes market owing to the expansion of the automotive, healthcare, and electronics, and electrical sectors.
Key players in the water-based adhesive specialty tapes market include Dymax, 3M, Bostik, NITTO DENKO CORPORATION, HB Fuller Company, LINTEC Corporation, Henkel AG & Co. KGaA, AVERY DENNISON CORPORATION, Intertape Polymer Group, and Lohmann GmbH & Co.KG.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle
Water-Based Adhesive Specialty Tapes Market