Emulsion Adhesives Market
H.B. Fuller (US) and 3M (US) are the Major Players in the Emulsion Adhesives Market
The emulsion adhesives market is projected to grow from USD 12.98 Billion in 2017 to USD 17.28 Billion by 2022, at a CAGR of 5.9% between 2017 and 2022. APAC is the largest consumer of emulsion adhesives. The demand for acrylic emulsion adhesives in the APAC region and technological innovations in end-use industries are key factors projected to drive the growth of the emulsion adhesives market.
Major players operating in the emulsion adhesives market include Arkema (Bostik), H.B. Fuller (US), Henkel (Germany), Ashland (US), Wacker Chemie (Germany) and 3M (US). These players have adopted various strategies, such as mergers & acquisitions and new product launches, to strengthen their foothold in the emulsion adhesives market. The strategy of new product launches was the key growth strategy adopted by major players between 2013 and 2017 to enhance their product portfolio and penetrate new markets. This strategy accounted for a share of 50% of all growth strategies adopted by key market players.
H.B. Fuller is one of the leading manufacturers, formulators, and marketers of adhesives. The company operates through 5 business segments, namely, Americas adhesives, construction products, EIMEA (Europe, India, and the Middle East & Africa), engineering adhesives, and Asia Pacific. Adhesives developed by the company are used in various applications, such as assembly, packaging, converting, nonwoven & hygiene, performance wood, flooring, textile, flexible packaging, graphic arts, envelope, and electronics. H.B. Fuller is actively involved in acquiring emerging companies in the emulsion adhesives market. For instance, in October 2017, H.B. Fuller acquired Royal Adhesives & Sealants for USD 1.57 billion. This acquisition enabled H.B. Fuller to enhance its product offerings in the areas of engineering, construction adhesives, and durable assembly, thereby making it a major supplier of adhesives for insulating glass and commercial roofing applications.
3M offers an extensive range of products, including adhesives, bonding materials, coatings, and specialty materials. The company operates through 5 business segments, namely, industrial, safety & graphics, electronics & energy, health care, and consumer. The company manufactures adhesives & sealants for various applications through its industrial and consumer segments. It has its production facilities in 70 countries worldwide and offers products and solutions to customers in, approximately, 200 countries in the Americas, APAC, Europe, and the Middle East & Africa. The company is focused on the adoption of organic strategies to enhance its market presence. For instance, in March 2013, 3M introduced a new product in its water-based adhesives range named as Fast Tack 1000NF. This product offers speed and strength compared to the solvent-based range with additional benefits, such as Zero-VOCs and GREENGUARD certification.
Emulsion Adhesives Market by Resin Type (Acrylic Polymer, PVA, VAE, Lattices, Polyurethane Dispersion), Application (Packaging, Woodworking, Tapes & Labels, Construction, Automotive & Transportation), and Region - Global Forecast to 2022
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