The Global dispersion adhesives market is estimated to be valued at US$ 9.81 Mn in 2024.
Dispersion adhesives are water-based adhesives that are manufactured by uniformly dispersing solid synthetic or natural polymers in water. They find widespread applications in woodworking, packaging, bookbinding, label and other manufacturing industries due to their advantages such as low odor, good adhesion to a variety of substrates, and moisture resistance. Dispersion adhesives can bond various surfaces like metal, wood, plastic, ceramic and many others together.
The global dispersion adhesives market is estimated to be valued at US$ 9.81 billion in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the dispersion adhesives market include Smith & Nephew plc, Aranz Medical Limited, eKare Inc., and WoundMatrix Inc.
The growing demand from the construction industry is one of the major factors driving the growth of the Dispersion Adhesives Market Share . Dispersion adhesives are widely used for bonding wood panels, laminates, and other construction materials due to their versatility and durability.
Technological advancements in dispersion adhesives has led to the development of products with high bonding strength, water resistance and low emissions of volatile organic compounds. manufacturers are focusing on developing sustainable and eco-friendly dispersion adhesive solutions.
Market Trends
Water-based – Water-based dispersion adhesives are gaining popularity due to stringent environmental regulations restricting the use of solvent-based adhesives. They emit lower VOCs and offer advantages such as fast drying, non-flammable, and suitable for indoor applications.
Sustainable – With increasing focus on sustainability, manufacturers are developing bio-based and recycled material-based dispersion adhesives with reduced carbon footprint.
Market Opportunities
Construction industry – Growth in infrastructure development and construction activities worldwide is expected to drive the demand for dispersion adhesives for applications such as flooring, gluing, and panel bonding.
Packaging industry – Opportunities exist in using dispersion adhesives for case and carton sealing, bag sealing, and labeling in the packaging industry.
Impact of COVID-19 on Dispersion Adhesives Market Growth
The COVID-19 pandemic adversely impacted the dispersion adhesives market growth. In the initial months of 2020, various end-use industries such as automotive, construction, footwear, and packaging witnessed a significant decline in demand and manufacturing activities due to nationwide lockdowns imposed by governments across the globe. This resulted in a sharp reduction in demand for dispersion adhesives from these industries. However, with the gradual lifting of lockdowns and resumption of manufacturing activities, the dispersion adhesives market is recuperating at a steady pace.
The pre-COVID forecast period from 2024 to 2031 anticipated significant market expansion driven by rising requirements from various applications. However, the outbreak introduced short-term uncertainties. Still, as the pandemic situation stabilizes, fundamental industry drivers are likely to regain momentum. Key market players are focusing on developing innovative, high-performance, and eco-friendly adhesive formulations to cater to the evolving needs. New opportunities are emerging in the healthcare sector with growing usage of dispersion adhesives in medical devices and equipment manufacturing. The market is expected to get back on the forecasted growth trajectory in the coming years on the back of initiatives by governments and industry stakeholders.
Geographical Regions with High Dispersion Adhesives Market Value
Asia Pacific dominates the global dispersion adhesives market in terms of value. Countries such as China, India, Japan, and South Korea contribute majorly to the regional market. Strong growth of end-use industries such as automotive, construction, packaging, footwear is driving the consumption of dispersion adhesives. Availability of raw materials and low-cost manufacturing facilities make Asia Pacific an attractive production base for adhesive manufacturers.
Fastest Growing Region for Dispersion Adhesives Market
South America is projected to be the fastest growing regional market during the forecast period. Countries like Brazil, Argentina, Colombia are witnessing increased infrastructure development, industrialization and automotive production. This is fueling the demand for various adhesives including dispersion adhesives in the region. Additionally, ongoing government initiatives to boost manufacturing capabilities are anticipated to propel the dispersion adhesives market growth in South America.
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