According to a new market research report published by Global Insight Services “Low VOC Adhesives Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Low VOC adhesives are adhesives that have a lower level of volatile organic compounds (VOCs) than traditional adhesives. VOCs are chemicals that can be released into the air, and they can have negative health effects. Low VOC adhesives are made with less VOCs, and they can help to improve indoor air quality.
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Key Players
The global low VOC adhesives market includes players such as Henkel & Co. KGaA, Bostik S.A., 3M Company, The DOW Chemical Company, Sika AG, H.B. Fuller, PPG Industries, Jowat AG, Illinois Tool Works Corporation, Solvay S.A., and others.
Key Trends
There are a few key trends in Low VOC Adhesives technology that are worth mentioning.
Firstly, there has been a shift towards water-based adhesives in recent years. This is due to the fact that water-based adhesives emit far fewer VOCs than their solvent-based counterparts.
Secondly, there has been an increase in the use of renewable resources in the production of low VOC adhesives. This is largely due to the fact that renewable resources are more environmentally friendly and have a lower carbon footprint than traditional petroleum-based resources.
Finally, there has been a move towards more environmentally friendly packaging options for low VOC adhesives. This includes the use of recyclable materials and packaging that is designed to be easily reused or recycled.
Key Drivers
The key drivers of the low VOC adhesives market are the stringent environmental regulations regarding the Volatile Organic Compound (VOC) emissions, the growing awareness among the consumers about the health and environmental hazards of VOCs, and the technological advancement in the formulation of low VOC adhesives.
The VOC emissions from the adhesives and sealants industry are regulated by various environmental agencies such as the US Environmental Protection Agency (EPA), the European Union (EU), and the Japanese Ministry of the Environment.
The rising awareness about the health and environmental hazards of VOCs has led to the preference for low VOC adhesives. The health hazards associated with VOCs include respiratory problems, skin irritation, and cancer.
The formulation of low VOC adhesives has been made possible by the technological advancement in the field of polymer science.
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Market Segments
The low VOC adhesives market is segmented by chemistry, end-use, and region. By chemistry, the market is classified into polyurethane, epoxy, and others. Based on end-use, it is bifurcated into woodworking, transportation, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Reasons to buy Low VOC Adhesives Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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