Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
VOCs, or volatile organic compounds, are gases that are emitted from certain materials that affect air quality and, therefore, the health of people exposed to them. They can be found in a variety of products that may be used in an architectural project, like paint and paint strippers, wood preservatives, building materials, and adhesives. Low-VOC Adhesives are the newest eco-friendly adhesives which exhibit high strength and bonding. The 3M group’s product called 3M Hi-Strength 94 ET Spray Adhesive bonds on laminates, woods, metals and particleboard, soft foams, lighter weight materials, and substrates with more porous surfaces. The spray pattern for this adhesive is designed to prevent telegraphing through thin veneers and glossy laminates. In addition, it has a very high solids content, which correlates to more coverage per pound of adhesive.
The global low-VOC adhesives market is witnessing significant growth owing to expansion of end-use industries across the globe and the increase in demand for high performance adhesives. Moreover, the overall market is also being propelled growing demand for lightweight and low carbon-emitting vehicles and shift in preference to hot-melt adhesives. However, the market is hampered by stringent regulatory policies. In the United States, the Environmental Protection Agency (EPA) states VOCs are defined as any compound of carbon, excluding carbon monoxide, carbon dioxide, carbonic acid, metallic carbides or carbonates, and ammonium carbonate, which participates in atmospheric photochemical reactions. Nationally, the EPA finalized a rule mandating VOC limits for a wide range of consumer products to include adhesives and sealants. Other states, predominantly in the New England, the Middle Atlantic, and the Great Lakes regions, have developed their own rules for both industrial applications and consumer products. These various regulations are all primarily based on the rules developed in California.
The report analyses the global low-VOC adhesives market based on chemistry, technology, end use industry and geography.
Based on chemistry, the market is categorized into Polyvinyl acetate (PVA), Polyacrylic ester (PAE), Vinyl acetate ethylene (VAE), Ethylene vinyl acetate (EVA), Epoxy, Polyurethane and others. The PVA is widely used as a synthetic resin in adhesive formulation and exhibits excellent adhesion to many substrates. Due to its high performance and versatility, it has become the leading adhesive chemistry used in low VOC adhesive formulations.
Various technologies of this market are segmented into water-based adhesive, hot-melt adhesive, reactive & other adhesives. The water-based adhesives are manufactured from natural or synthetic soluble polymers, these adhesives are activated as water evaporates or is absorbed by the substrate. Whereas, the hot melt adhesives cure as heat dissipates and are ideal for difficult and non-porous substrates.
Based on end use industry, the low-VOC adhesives market is categorized building & construction, consumer, paper & packaging, transportation, woodworking and others. In the transportation industry, low-VOC adhesives are used extensively in applications such as aircrafts and automobiles.
By geography, the global Low-VOC Adhesives market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world regions which includes Latin America, and Middle East & Africa. APAC accounted for the largest market share in 2018, primarily driven by increasing manufacturing output coupled with supportive government regulations. The industries in APAC are witnessing growth owing to the increasing per capita expenditure and growing urbanization. In addition, several initiatives undertaken by the governments of different countries of the region to attract investments from various international companies. Moreover, the growth of North America low-VOC adhesives market can be attributed to the augmentation and modernization of the paper & packaging and transportation industries.
The leading low-VOC adhesives market players are 3M, Akzonobel, Ardex, Ashland Global Holdings, Bostik, Dowdupont Inc., Franklin International, H.B. Fuller, Huntsman, Illinois Tool Works, Jowat, Lord Corporation, Mapei, Permabond, Pidilite Industries, PPG Industries, Scigrip Adhesives, Sika and Wacker Chemie. In February 2018, 3M opened an innovation Center in Washington, D.C. at its offices near the Capitol. The Center highlights solutions for specific customer needs and enables more convenient collaboration with key decision makers in D.C. and across the East Coast.
The global low-VOC adhesives market is segmented based on chemistry, technology, end use industry and geography. Based on chemistry, the market is categorized into Polyvinyl acetate (PVA), Polyacrylic ester (PAE), Vinyl acetate ethylene (VAE), Ethylene vinyl acetate (EVA), Epoxy, Polyurethane and others. The PVA is widely used as a synthetic resin in adhesive formulation and exhibits excellent adhesion to many substrates. Various technologies of this market are segmented into water-based adhesive, hot-melt adhesive, reactive & other adhesives. The water-based adhesives are manufactured from natural or synthetic soluble polymers, these adhesives are activated as water evaporates or is absorbed by the substrate. Based on end use industry, the low-VOC adhesives market is categorized building & construction, consumer, paper & packaging, transportation, woodworking and others. In the transportation industry, low-VOC adhesives are used extensively in applications such as aircrafts and automobiles. By geography, the global Low-VOC Adhesives market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world regions which includes Latin America, and Middle East & Africa. APAC accounted for the largest market share in 2018, primarily driven by increasing manufacturing output coupled with supportive government regulations.
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