The Low VOC adhesives market is projected to grow from USD 49.5 Billion in 2021 to USD 63.3 Billion by 2026, at a CAGR of 5.0% between 2021 and 2026. APAC is estimated to be the largest consumer of Low VOC adhesives. The global Low VOC adhesives market is driven by the growing demand for water-based adhesives due to their flexibility, durability, and economic feasibility in the manufacturing, paper & packaging industry.
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APAC is expected to be the largest and fastest-growing market for Low VOC adhesives. The growth of the market in the region is mainly attributed to high economic growth and heavy investments across end-use industries, such as paper and packaging, health and hygiene and industrial assembly. APAC is increasingly becoming an important global trade and commerce center. Henkel (Germany), Bostik (France), and other international players are expanding their existing Low VOC adhesives production units in this region because of the low cost of production and ability to serve the emerging local market.
The Paper and Packaging application is expected to lead the overall Low VOC adhesives market in terms of value, between 2021 and 2026. Low VOC adhesives are gaining importance in the paper and packaging industry, as they are used in labelling, laminating, packaging and sealing packets and bottles, majorly in food and consumer goods industry.
On seeing the current situation, the COVID-19 has grown the concerns of people towards their health and products they are using, hence the industry people are also taking it as an opportunity and concomitantly, it is directing the business of low VOC adhesives.
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The key players operating in the market are Henkel (Germany), 3M (USA), H.B. Fuller (USA), Sika AG (Switzerland) and Bostik, a part of Arkema (France). These players have adopted various strategies, such as mergers & acquisition, investment & expansion, and new product launch to grow in the market. Mergers & acquisitions is the key strategy adopted by the major players between 2020 and 2026. This strategy helped companies enhance their global presence.
Henkel (Germany) has achieved growth by overcoming changes in the times and business environment through a creative fusion of people and technology. Henkel has leading position in its three business units in both industrial and consumer business: Adhesive Technologies; Beauty Care; Laundry & Home care and an additional segment Corporate. The production and distribution of Low VOC adhesives has been done by the company under the multiple brand names i.e., LOCTITE, AQUENCE, TECHNOMELT, and TEROSON.
The company is working in the direction to foster a circular economy and contribution to social progress that’s why a lot of investment has been done in the low VOC adhesives segment.
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3M (USA) started a small-scale mining venture more than a century ago, but today more than 60,000 3M products are used in homes, schools, businesses, hospitals, and other industries. The company has managed to remain in the Fortune 500 list repeatedly because of its scientific, technical, and marketing innovations. The products are segmented in four main units – Safety & Industrial; Transportation & Electronics; Healthcare; and Consumer. The low VOC adhesives are segmented under the Safety and Industrial unit which accounts for 37% of the total sales revenue out of which 10% of this whole segment is made by the sales of adhesives.
On looking at the vast picture and the changing preferences of the consumers, the company has set up strategic commitments towards their products portfolio and bringing innovation to their new products.
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Low VOC Adhesive market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Low VOC Adhesive market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Low VOC Adhesive market is segmented into:Water-based AdhesiveHot-melt AdhesiveReactive & Other AdhesivesDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/63637/global-united-states-low-voc-adhesive-2026-685Segment by Application, the Low VOC Adhesive market is segmented into:Paper & PackagingBuilding & ConstructionWoodworkingTransportationConsumer GoodsOthersRegional and Country-level Analysis:The Low VOC Adhesive market is analysed and market size information is provided by regions (countries).The key regions covered in the Low VOC Adhesive market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Low VOC Adhesive Market Share Analysis:Low VOC Adhesive market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
