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Low Voc Adhesive Market Research Report: By Substrate Type (Metals, Plastics, Glass, Wood, Paper), By Application (Automotive, Construction, Electronics, Packaging, Furniture), By Technology (Water-based, Solvent-based, Hot-melt, Reactive, Pressure-sensitive), By Properties (Low Odor, High Adhesion, Flexibility, Heat Resistance, Water Resistance) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032.


ID: MRFR/CnM/23591-HCR | 128 Pages | Author: Chitranshi Jaiswal| November 2024

Global Low VOC Adhesive Market Overview:


As per MRFR analysis, the Low VOC Adhesive Market Size was estimated at 19.1 (USD Billion) in 2022.The Low VOC Adhesive Market Industry is expected to grow from 20.01(USD Billion) in 2023 to 30.4 (USD Billion) by 2032. The Low VOC Adhesive Market CAGR (growth rate) is expected to be around 4.75% during the forecast period (2024 - 2032).


Key Low Voc Adhesive Market Trends Highlighted


The  low-VOC adhesive market is driven by stringent environmental regulations, rising consumer health consciousness, and technological advancements. Increasing demand for adhesives in industries such as construction, packaging, automotive, and electronics is fueling market growth.Opportunities lie in the development of bio-based and sustainable low-VOC adhesives, as well as expansion into emerging markets. Key trends include the adoption of water-based and solventless adhesives, which offer reduced VOC emissions and improved environmental performance. Additionally, the use of advanced technologies such as nanotechnology and microencapsulation is enabling the development of high-performance low-VOC adhesives.


Low Voc Adhesive Market


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Low VOC Adhesive Market Drivers


Increasing Demand for Environmentally Friendly Products


Consumers are becoming increasingly aware of the environmental impact of their purchases, and this is driving demand for low VOC adhesives. Low VOC adhesives emit fewer harmful chemicals into the air, which can improve indoor air quality and reduce the risk of health problems such as asthma and allergies. In addition, low VOC adhesives are often made from renewable resources, which makes them more sustainable than traditional adhesives. The growing demand for environmentally friendly products is expected to be a major driver of growth in the  Low VOC Adhesive Market Industry over the next few years.


Rising Construction Activity


The construction industry is a major consumer of adhesives, and the rising demand for new construction and renovations is expected to drive growth in the  Low VOC Adhesive Market Industry. Low VOC adhesives are particularly well-suited for use in indoor applications, such as flooring, walls, and ceilings, as they do not emit harmful chemicals that can affect the health of occupants. The increasing popularity of green building practices is also driving demand for low VOC adhesives, as they can help reduce the environmental impact of construction projects.


Technological Advancements


A further growth driving factor of the  Low VOC Adhesive Market Industry is a technological advance. The currently used technology for the production of glue is improved. In particular, new adhesives, which are low VOC, are created, and their quality is better than the quality of the old, commonly used adhesives. Furthermore, new inventions are more multi-purpose and can be used in various spheres. This effect is also expected to drive the low voc adhesive market industry in the upcoming future.


Low VOC Adhesive Market Segment Insights:


Low VOC Adhesive Market Substrate Type Insights


Substrate type is a key market segment, with various materials being used in different applications. Metals accounted for the largest market share in 2023, owing to their extensive use in industries such as construction, automotive, and manufacturing. Low VOC adhesives offer strong bonding strength and durability, making them suitable for metal substrates. Plastics are another significant segment, with growing demand in packaging, electronics, and consumer goods industries. Low VOC adhesives provide excellent adhesion to plastics and meet regulatory requirements for reduced emissions.Glass is a widely used substrate in various industries, including construction, automotive, and electronics. Low VOC adhesives offer high transparency and resistance to moisture and chemicals, making them ideal for glass bonding applications. Wood is a traditional substrate used in the construction and furniture industries. Low VOC adhesives provide strong bonding strength and moisture resistance, ensuring the durability and longevity of wood products. Paper is also an important substrate, with applications in the packaging, printing, and labeling industries.Low VOC adhesives offer excellent adhesion to paper and meet regulatory requirements for food contact applications. The market growth for each substrate type is driven by factors such as increasing demand from end-use industries, technological advancements, and regulatory compliance. Low VOC adhesives offer numerous advantages, including improved indoor air quality, reduced environmental impact, and enhanced product performance. As a result, their adoption is expected to continue growing in various industries, contributing to the overall expansion of the  Low VOC Adhesive Market.


Low VOC Adhesive Market Substrate Type Insights


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Low VOC Adhesive Market Application Insights


The  Low VOC Adhesive Market is segmented by application into automotive, construction, electronics, packaging, and furniture. The construction segment is expected to hold the largest market share in 2023, accounting for over 40% of the  market. This is due to the increasing demand for low VOC adhesives in the construction industry, as they offer numerous advantages over traditional adhesives, such as reduced emissions, improved indoor air quality, and enhanced durability. The automotive segment is expected to be the fastest-growing segment over the forecast period, with a CAGR of over 5%.This growth is attributed to the increasing demand for low VOC adhesives in the automotive industry, as they are used in a wide range of applications, such as bonding interior components, sealing windows, and attaching trim. The electronics segment is expected to account for a significant share of the  Low VOC Adhesive Market in 2023. This is due to the increasing demand for low VOC adhesives in the electronics industry, as they are used in a wide range of applications, such as bonding printed circuit boards, attaching components, and sealing enclosures.The packaging segment is expected to grow steadily over the forecast period, with a CAGR of over 4%. This growth is attributed to the increasing demand for low VOC adhesives in the packaging industry, as they are used in a wide range of applications, such as sealing cartons, bonding labels, and attaching closures. The furniture segment is expected to account for a small share of the  Low VOC Adhesive Market in 2023. However, this segment is expected to grow steadily over the forecast period, with a CAGR of over 3%. This growth is attributed to the increasing demand for low VOC adhesives in the furniture industry, as they are used in a wide range of applications, such as bonding wood, attaching upholstery, and sealing joints.


Low VOC Adhesive Market Technology Insights


The  Low VOC Adhesive Market is segmented by technology into water-based, solvent-based, hot-melt, reactive, and pressure-sensitive. The water-based segment held the largest market share in 2023 and is expected to continue to dominate the market over the forecast period. This growth is attributed to the increasing demand for environmentally friendly and sustainable products. The solvent-based segment is expected to witness a steady growth rate over the forecast period due to its wide range of applications in various industries, including packaging, construction, and automotive.The hot-melt segment is expected to experience a significant growth rate over the forecast period due to its increasing use in packaging and assembly applications. The reactive segment is expected to witness a moderate growth rate over the forecast period due to its use in high-performance applications such as automotive and aerospace. The pressure-sensitive segment is expected to experience a steady growth rate over the forecast period due to its use in labeling and packaging applications.


Low VOC Adhesive Market Properties Insights


The Low Odor sub-segment held the largest share of the  Low VOC Adhesive Market in 2023, accounting for over 30% of the market revenue. This is due to the increasing demand for low-odor adhesives in various industries, such as construction, automotive, and packaging. The High Adhesion sub-segment is expected to witness the highest growth rate during the forecast period, owing to the rising demand for high-performance adhesives in the construction and automotive industries. The Flexibility sub-segment is also expected to exhibit significant growth, driven by the increasing use of flexible adhesives in the electronics and packaging industries.The Heat Resistance sub-segment is expected to witness moderate growth due to the increasing demand for heat-resistant adhesives in the aerospace and automotive industries. The Water Resistance sub-segment is expected to exhibit steady growth, owing to the rising demand for water-resistant adhesives in the construction and marine industries.


Low VOC Adhesive Market Regional Insights


The regional segmentation of the  Low VOC Adhesive Market offers valuable insights into the geographical distribution of market growth and opportunities. North America is projected to dominate the market, accounting for a significant share in 2023 and continuing its dominance through 2032. The region's well-established construction industry, stringent environmental regulations, and increasing awareness of VOC emissions contribute to its market leadership. Europe follows closely behind, driven by similar factors and a focus on sustainable building practices.APAC, particularly China and India, is poised for significant growth due to rapid urbanization, infrastructure development, and rising disposable incomes. South America and MEA are expected to witness steady growth, influenced by increasing construction activities and growing awareness of the benefits of low VOC adhesives. These regional insights are crucial for manufacturers and distributors to tailor their strategies and target potential markets effectively.


Low VOC Adhesive Market Regional Insights


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Low VOC Adhesive Market Key Players And Competitive Insights:


Major players in Low Voc Adhesive Market are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolios, and forming strategic partnerships. Leading Low Voc Adhesive Market players are focusing on developing innovative and sustainable products that meet the evolving needs of customers. The Low VOC Adhesive Market industry is characterized by intense competition, with companies vying for market share through various strategies such as product differentiation, aggressive pricing, and customer service excellence. The Low Voc Adhesive Market development is influenced by factors such as technological advancements, environmental regulations, and the growing demand for eco-friendly products.Henkel AG & Co. KGaA, a leading player in the Low VOC Adhesive Market, has a strong  presence and a diversified portfolio of products. The company has a long history of innovation and is committed to providing sustainable solutions to its customers. Henkel AG & Co. KGaA has a strong focus on research and development, which enables it to stay at the forefront of the industry. The company has a wide range of Low VOC Adhesive Market products that cater to various industries, including automotive, construction, and packaging.3M Company, a competitor in the Low VOC Adhesive Market, is known for its innovative products and strong brand recognition. The company has a  presence and a diverse range of products that serve a variety of industries. 3M Company is committed to sustainability and has a number of initiatives in place to reduce its environmental impact. The company has a strong focus on customer service and is known for its high-quality products and technical support.


Key Companies in the Low VOC Adhesive Market Include:



  • 3M

  • Dow

  • RPM International

  • SaintGobain

  • Sika

  • Huntsman

  • Henkel

  • Avery Dennison

  • Bostik

  • Pidilite Industries

  • Wacker Chemie

  • Eastman Chemical

  • Ashland

  • B. Fuller


Low VOC Adhesive Market Industry Developments


The  Low VOC Adhesive market is projected to expand at a CAGR of 4.75% from 2024 to 2032, reaching a value of USD 30.4 billion by 2032. Increasing demand for eco-friendly and sustainable building materials, coupled with stringent environmental regulations, is driving market growth. The construction industry is a major consumer of Low VOC adhesives, with increasing construction activities in emerging economies contributing to market expansion. Technological advancements, such as the development of water-based and solventless adhesives, are also creating opportunities for market growth. Key industry participants are focusing on strategic partnerships and collaborations to enhance their product offerings and expand their  reach. Recent developments include BASF's acquisition of the Adhesives and Surface Treatment business of Chemetall and H.B. Fuller's acquisition of Royal Adhesives and Sealants. These acquisitions are expected to strengthen the market position of these companies and intensify competition in the  Low VOC Adhesive market.


Low VOC Adhesive Market Segmentation Insights


Low VOC Adhesive Market Substrate Type Outlook



  • Metals

  • Plastics

  • Glass

  • Wood

  • Paper


Low VOC Adhesive Market Application Outlook



  • Automotive

  • Construction

  • Electronics

  • Packaging

  • Furniture


Low VOC Adhesive Market Technology Outlook



  • Water-based

  • Solvent-based

  • Hot-melt

  • Reactive

  • Pressure-sensitive


Low VOC Adhesive Market Properties Outlook



  • Low Odor

  • High Adhesion

  • Flexibility

  • Heat Resistance

  • Water Resistance


Low VOC Adhesive Market Regional Outlook



  • North America

  • Europe

  • South America

  • Asia Pacific

  • Middle East and Africa


 

Low VOC Adhesive Market Report Scope
Report Attribute/Metric Details
Market Size 2022 19.1(USD Billion)
Market Size 2023 20.01(USD Billion)
Market Size 2032 30.4(USD Billion)
Compound Annual Growth Rate (CAGR) 4.75% (2024 - 2032)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2023
Market Forecast Period 2024 - 2032
Historical Data 2019 - 2023
Market Forecast Units USD Billion
Key Companies Profiled 3M, Dow, RPM International, Saint-Gobain, Sika, Huntsman, Henkel, Avery Dennison, Bostik, Pidilite Industries, Wacker Chemie, Eastman Chemical, Ashland, H.B. Fuller
Segments Covered Substrate Type, Application, Technology, Properties, Regional
Key Market Opportunities Growing construction sector advancements in technology increase demand from the packaging industry, rise in consumer awareness, and expansion of the automotive industry.
Key Market Dynamics Increasing demand for eco-friendly products Growing construction industry Rapid urbanization Technological advancements Stringent regulations
Countries Covered North America, Europe, APAC, South America, MEA
   

Frequently Asked Questions (FAQ) :

The Low VOC Adhesive Market is expected to reach a valuation of USD 20.01 billion in 2023 and is projected to grow at a CAGR of 4.75% from 2024 to 2032, reaching a value of USD 30.4 billion by 2032.

Asia-Pacific is expected to dominate the Low VOC Adhesive Market throughout the forecast period due to the increasing demand from various industries, such as construction, automotive, and packaging, in the region.

Low VOC Adhesives are widely used in various applications, including bonding, laminating, and sealing in industries such as construction, automotive, packaging, and consumer electronics.

Key competitors in the Low VOC Adhesive Market include Henkel, 3M, Sika AG, H.B. Fuller, Bostik, and Dow.

The growth of the Low VOC Adhesive Market is driven by increasing environmental regulations, rising demand from emerging economies, technological advancements, and growing awareness about the health and environmental benefits of Low VOC Adhesives.

Challenges faced by the Low VOC Adhesive Market include the availability of low-cost alternatives, stringent regulations, and intense competition from traditional solvent-based adhesives.

The COVID-19 pandemic had a moderate impact on the Low VOC Adhesive Market. While some industries, such as construction and automotive, experienced a decline in demand, other industries, such as packaging and consumer electronics, witnessed increased demand for VOC Adhesives.

Emerging trends in the Low VOC Adhesive Market include the development of bio-based and sustainable VOC Adhesives, the increasing use of Low VOC Adhesives in automotive and electronics applications, and the growing adoption of Low VOC Adhesives in emerging economies.

The future outlook for the Low VOC Adhesive Market is positive. The market is expected to continue growing steadily due to increasing environmental awareness, technological advancements, and rising demand from emerging economies.

Key strategies adopted by players in the Low VOC Adhesive Market include product innovation, strategic partnerships, acquisitions, and geographical expansions.

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