APAC Demand Spurring Emulsion Adhesives Market Growth
Based on resin type, the acrylic polymer emulsion segment is expected to grow at the highest compound annual rate during the forecast period.
The emulsion adhesives market is projected to grow from $12.98 billion in 2017 to $17.28 billion by 2022, at a compound annual growth rate (CAGR) of 5.9% between 2017 and 2022, according to a recent report from Research and Markets. This growth can be attributed to the high demand for acrylic emulsion adhesives in the Asia-Pacific (APAC) region and technological innovations in end-use industries. However, performance issues in high strength applications are expected to restrain the growth of the emulsion adhesives market.
Based on resin type, the acrylic polymer emulsion segment is expected to grow at the highest CAGR during the forecast period. Unique properties of acrylic polymer emulsions, such as transparency, resistance to breakage, and elasticity, are reportedly contributing to the growth of the acrylic polymer emulsion segment. The increasing demand from end-use industries, such as paper and packaging, tapes and labels, construction, and automotive and transportation, is another significant factor driving the growth of this segment.
The emulsion adhesives market in the APAC region is projected to grow at the highest CAGR during the forecast period. The rise in demand for acrylic emulsion adhesives and the gradual shift of manufacturing facilities to APAC countries due to low production cost are reportedly key factors projected to drive the growth of the emulsion adhesives market in the APAC region.
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