European Waterborne Adhesives, Active and Intelligent Packaging, Construction Chemicals
The waterborne adhesives market in Europe was estimated at $3.26 billion in 2014 and is projected to grow at a compound annual growth rate (CAGR) of 5.8%.
The waterborne adhesives market in Europe was estimated at $3.26 billion in 2014 and is projected to grow at a compound annual growth rate (CAGR) of 5.8%, according to “Europe Waterborne Adhesives Market Segmented by Product Type, By Polymer, By Application, By End User Industry, and Geography Trends and Forecasts (2015-2020)” during the forecast period. Due to their eco-friendly and low-toxic nature, high solid content, and high initial adhesion properties, waterborne adhesives are becoming an integral part of various commercial and industrial sectors. The market is driven by a number of factors, such as the stringent environmental regulations to control volatile organic compound (VOC) emissions, growing automotive industry, and accelerating demand from packaging industry.
The market faces certain drawbacks, however, such as formulation constraints, and nearly matured market conditions. These factors may act as a roadblock to the growth of the market.