The emulsion adhesives market is projected to grow from $12.98 billion in 2017 to $17.28 billion by 2022, at a compound annual growth rate (CAGR) of 5.9% between the projected time frame, according to a recent report published by Markets and Markets™. This growth can reportedly be attributed to the rise in demand for acrylic emulsion adhesives in the APAC region and technological innovations in end-use industries.
Acrylic polymer emulsion is estimated to be the largest resin type segment of the emulsion adhesives market in 2017. The growth of the acrylic polymer emulsion segment is reported to be attributed to its properties, such as transparency, resistance to breakage, and elasticity. Also, based on application, the tapes and labels segment is estimated to lead the emulsion adhesives market in 2017.
Asia-Pacific (APAC) is projected to be the largest market for emulsion adhesives. Factors such as the demand for emulsion adhesives from various applications, such as tapes and labels, paper and packaging, construction, and automotive and transportation. Policies mandating the use of environmentally friendly products have reportedly contributed to the growth of the emulsion adhesives market in the APAC region. Increased investments made by governments of countries, such as China and India, toward infrastructure development is also driving the growth of the emulsion adhesives market in this region.