Asia Pacific Water-based Adhesive Market Size, Share, and COVID-19 Impact Analysis, By Resin Type (Acrylic Polymer Emulsion and Vinyl Acetate Ethylene Emulsion), By Application (Tapes & Labels, Paper & Packaging, and Woodworking), and by Asia Pacific Water-based Adhesive Market Insights, Industry Trend, Forecasts to 2033

Asia Pacific Water-based Adhesive Market Insights Forecasts to 2033

• The Asia Pacific Water-based Adhesive Market Size was valued at USD 6,033.1 Million in 2023.
• The Market is growing at a CAGR of 9.17% from 2023 to 2033
• The Asia Pacific Water-based Adhesive Market Size is expected to reach USD 14,513.5 Million by 2033

The Asia Pacific Water-based Adhesive Market is anticipated to exceed USD 14,513.5 Million by 2033, growing at a CAGR of 9.17% from 2023 to 2033.

Market Overview

The Asia Pacific water-based adhesive market comprises adhesives that utilize water as a solvent to disperse resins, offering strong bonding properties with reduced environmental impact. These adhesives are widely used across industries such as packaging, construction, automotive, textiles, and woodworking due to their low volatile organic compound (VOC) emissions, non-toxic nature, and ease of application. The market is experiencing significant growth due to increasing demand for sustainable and eco-friendly adhesive solutions, driven by stringent environmental regulations and rising industrial activities in the region. Several factors contribute to the expansion of the water-based

adhesive market in Asia Pacific. Rapid industrialization, particularly in emerging economies, has led to increased adoption in key sectors such as packaging and construction. The growing emphasis on sustainability and the shift toward non-toxic, solvent-free adhesives have further fueled market demand. Additionally, advancements in adhesive formulations, enhancing performance and durability, have increased their application across multiple industries. Government initiatives play a crucial role in market development. Stringent regulations on VOC emissions and environmental sustainability policies have encouraged industries to transition towards water-based adhesives. Investments in infrastructure development, along with incentives for adopting eco-friendly manufacturing processes, have further supported the market’s growth across the region.

Report Coverage

This research report categorizes the market for the Asia Pacific water-based adhesive market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific water-based adhesive market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific water-based adhesive market.

Driving Factors

Rapid industrialization and urbanization have led to increased demand from industries such as packaging, construction, and automotive. The growing emphasis on sustainability and stringent environmental regulations on volatile organic compound (VOC) emissions have accelerated the adoption of water-based adhesives. Additionally, advancements in adhesive technology have improved bonding strength, durability, and application versatility, further driving market growth. The rising preference for non-toxic, solvent-free adhesives in consumer goods and textiles has also contributed to market expansion. Increased investments in infrastructure and manufacturing sectors continue to support long-term market growth.

Restraining Factors

The Asia Pacific water-based adhesive market faces challenges such as higher drying time compared to solvent-based adhesives, limited adhesion to non-porous surfaces, fluctuating raw material costs, and performance limitations in extreme environmental conditions.

Market Segmentation

The Asia Pacific water-based adhesive market share is classified into resin type and application.

• The acrylic polymer emulsion segment is expected to hold the largest market share through the forecast period.   

The Asia Pacific water-based adhesive market is segmented by resin type into acrylic polymer emulsion and vinyl acetate ethylene emulsion. Among these, the acrylic polymer emulsion segment is expected to hold the largest market share through the forecast period. Acrylic polymer emulsions offer superior adhesion, durability, and water resistance, making them widely used in industries such as packaging, construction, and automotive. Their versatility and ability to bond with various substrates, including paper, wood, and textiles, further contribute to their dominance.

• The paper & packaging segment dominates the market with the largest market share over the predicted period.

The Asia Pacific water-based adhesive market is segmented by application into tapes & labels, paper & packaging, and woodworking. Among these, the paper & packaging segment dominates the market with the largest market share over the predicted period. The rapid expansion of the packaging industry, driven by increasing e-commerce activities, rising consumer demand for sustainable packaging solutions, and stringent environmental regulations, has fueled the adoption of water-based adhesives. These adhesives are widely used in carton sealing, paper bonding, and flexible packaging applications due to their strong adhesion, non-toxic nature, and compliance with food safety standards.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific water-based adhesive market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Henkel AG & Co. KgaA
• H.B. Fuller
• Arkema
• Dow
• Ashland
• Bayer AG
• PPG Industries
• Sika AG
• Akzo Nobel N.V.
• 3M
• DuPont
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-added resellers (VARs)

Market Segment

This study forecasts revenue at the Asia Pacific, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Asia Pacific water-based adhesive market based on the below-mentioned segments:

Asia Pacific Water-based Adhesive Market, By Resin Type

• Acrylic Polymer Emulsion
• Vinyl Acetate Ethylene Emulsion

Asia Pacific Water-based Adhesive Market, By Application

• Tapes & Labels
• Paper & Packaging
• Woodworking