Global Low Volatile Organic Compounds (VOC) Adhesive market size, Trends and Growth Opportunities, By Chemistry (Polyvinyl acetate (PVA), Vinyl Acetate Ethylene (VAE), Ethylene Vinyl Acetate (EVA), Polyacrylic Ester (PAE), Polyurethane, Epoxy, and Others), By Form (Paste, Liquid, Pellets, Tape, and Others), By Substrate (Metal, Concrete, Stone, Wood, Polyvinyl Chloride (PVC), Polyurethane Foam, and Others), By Type (Water-based, Holt-Melt, and Reactive), End-user Industry (Paper and Packaging, Building and Construction, Transportation, Woodworking, and Others)By Region and forecast till 2027.
Global Low Volatile Organic Compounds (VOC) Adhesive Market
The Global Low Volatile Organic Compounds (VOC) Adhesive Market was valued at USD 1,833.79 million in 2021 and is slated to reach USD 2,570.90 million by 2027 at a CAGR of 3.70% from 2022-2027.
The phrase "low-VOC" describes a wide range of VOC concentrations that are significantly lower than those found in typical VOC-containing products. Low-volatile organic compound (VOC) adhesives are safe for both humans and the environment. Typically, it refers to adhesives with very little or no volatile organic chemicals. Low VOC adhesives are advantageous for both the environment and living things.
Market Drivers
The widespread use of these adhesives in various forms of packaging such as case and carton, corrugated and flexible packaging, and The demand for low volatile organic compounds (VOC) adhesives is predicted to expand at a rate that is particularly high in the packaging and paper manufacturing industry. Furthermore, the ease with which food packaging can be cleared by BGA and FDA agencies is likely to fuel the growth of the low volatile organic compounds (VOC) adhesive market during the research period. Low volatile organic compound (VOC) adhesives such as polyvinyl acetate are often used as thermoplastic material in adhesives. Polyvinyl acetate adhesives are environmentally benign, with qualities such as low VOC content, aqueous nature, and good adherence to a variety of surfaces. It has a broad range of applications in packaging, including paperboard decals, wood assembly, vehicle upholstery, bookbinding, paper bags, cartons, labels, foils, film, and leather binding. As a result of all of these reasons, demand for polyvinyl acetate adhesive is predicted to rise, driving market expansion.
Market Restraints
Manufacturers have significant challenges in producing low VOC adhesive. Low-volatile organic compound (VOC) adhesive is significantly more expensive than conventional adhesives. The increased demand for environmentally friendly compounds is driving up the cost of raw resources. The cost of making low volatile organic compounds (VOC) adhesives is fundamentally higher than normal adhesives, which is projected to limit market growth in the coming years. Tight regulatory bodies, such as the Environmental Protection Agency (EPA) in the United States and the Registration, Evaluation, and Authorization of Chemicals (REACH) in Europe, limit the usage of these compounds, which may impede market growth shortly.
Recent Development
The U.S.-based floor covering adhesives manufacturer DriTac, which had a dominant position in the wood floor bonding market, was bought by Sika in 2021. Sika's influence among distributors and installers of floor coverings is bolstered by this acquisition, which also helps the company's industry in the United States of America to grow more quickly.
To provide adhesives and sealants to the construction and automotive industries, Sika decided to buy Hematite in 2021. Through this acquisition, Sika will considerably improve its market position and expand its product line for sealing applications in the Japanese construction sector.
Market Segmentation
The Global Low Volatile Organic Compounds (VOC) Adhesive Market is segmented into Chemistry, Form, Substrate, Type, and End-Use Industry. By Chemistry such as Polyvinyl acetate (PVA), Vinyl Acetate Ethylene (VAE), Ethylene Vinyl Acetate (EVA), Polyacrylic Ester (PAE), Polyurethane, Epoxy, and Others. By Forms such as Paste, Liquid, Pellets, Tape, and Others. By Substrate such as Metal, Concrete, Stone, Wood
Polyvinyl Chloride (PVC), Polyurethane Foam, and Others. By Types such as Water-based, Holt-Melt, and Reactive. By End-Use Industries such as Paper and Packaging, Building and Construction, Transportation, Woodworking, and Others.
Regional Analysis
The Global Low Volatile Organic Compounds (VOC) Adhesive Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Given the increasing demand for low volatile organic compound (VOC) adhesives from a number of industries in this zone, the Asia-Pacific territory is anticipated to lead the market. Also, the presence of significant leading industry players will support market growth in the region. North America is predicted to be the fastest-growing region during the projection period due to the region's growth and expansion of the paper, packaging, and transportation industries. Also, increased usage of low volatile organic compounds (VOC) adhesives in the food packaging industry will drive market expansion in the region.
Key Players
This report includes a list of numerous Key Players, namely Henkel Adhesives Technologies India Private Limited (Germany), and H.B. Fuller Company. (U.S.), Arkema (France), 3M (U.S.), Dow (U.S.), Ashland (U.S.), DIC CORPORATION (Japan), Dural Industries (Germany), Bond Tech Industries (Canada), SAPICI S.p.A (Italy).
Market Taxonomy
By Chemistry
• Polyvinyl acetate (PVA)
• Vinyl Acetate Ethylene (VAE)
• Ethylene Vinyl Acetate (EVA)
• Polyacrylic Ester (PAE)
• Polyurethane
• Epoxy
• Others
By Form
• Paste
• Liquid
• Pellets
• Tape
• Others
By Substrate
• Metal
• Concrete
• Stone
• Wood
• Polyvinyl Chloride (PVC)
• Polyurethane Foam,
• Others
By Type
• Water-based
• Holt-Melt
• Reactive
By End-user
• Paper and Packaging
• Building and Construction
• Transportation
• Woodworking
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Positive Material Identification Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Positive Material Identification Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Positive Material Identification Market, By Offering
5.1 Y-o-Y Growth Comparison, By Offering
5.2 Global Positive Material Identification Market Share Analysis, By Offering
5.3 Global Positive Material Identification Market Size and Forecast, By Offering
5.3.1 Equipment
5.3.2 Services
6 Global Positive Material Identification Market, By Technique
6.1 Y-o-Y Growth Comparison, By Technique
6.2 Global Positive Material Identification Market Share Analysis, By Technique
6.3 Global Positive Material Identification Market Share Analysis, By Technique
6.3.1 X-Ray Fluorescence (XRF)
6.3.3 Optical Emission Spectrometry (OES))
7.Global Positive Material Identification Market, By Form Factor
7.1 Y-o-Y Growth Comparison, By Form Factor
7.2 Global Positive Material Identification Market Share Analysis, By Form Factor
7.3 Global Positive Material Identification Market Share Analysis, By Form Factor
7.3.1 Portable Analyzers
7.3.2 Benchtop Analyzers
8.Global Positive Material Identification Market, By Industry
8.1 Y-o-Y Growth Comparison, By Industry
8.2 Global Positive Material Identification Market Share Analysis, By Industry
8.3 Global Positive Material Identification Market Share Analysis, By Industry
8.3.1 Oil and Gas
8.3.2 Metals and Heavy Machinery
8.3.3 Automotive
8.3.4 Scrap Recycling
8.3.5 Chemicals
8.3.6 Power Generation
8.3.7 Pharmaceutical
9 Global Positive Material Identification Market, By Region
9.1 Global Positive Material Identification Market Share Analysis, By Region
9.2 Global Positive Material Identification Market Share Analysis, By Region
10 North America Positive Material Identification Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Positive Material Identification Market Share Analysis, By Offering
10.3 North America Positive Material Identification Market Size and Forecast, By Technique
10.4 North America Positive Material Identification Market Size and Forecast, By Form Factor
10.5 North America Positive Material Identification Market Size and Forecast, By Industry
10.6 North America Positive Material Identification Market Size and Forecast, By Country
10.6.1 U.S
10.6.2 Canada
10.6.3 Mexico
11 Europe Positive Material Identification Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Positive Material Identification Market Share Analysis, By Offering
11.3 Europe Positive Material Identification Market Size and Forecast, By Technique
11.4 Europe Positive Material Identification Market Size and Forecast, By Form Factor
11.5 Europe Positive Material Identification Market Size and Forecast, By Industry
11.6 Europe Positive Material Identification Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Positive Material Identification Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia-Pacific Positive Material Identification Market Size and Forecast, By Offering
12.3 Asia-Pacific Positive Material Identification Market Size and Forecast, By Technique
12.4 Asia-Pacific Positive Material Identification Market Size and Forecast, By Form Factor
12.5 Asia-Pacific Positive Material Identification Market Size and Forecast, By Industry
12.6 Asia-Pacific Positive Material Identification Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Positive Material Identification Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Positive Material Identification Market Size and Forecast, By Offering
13.3 Latin America Positive Material Identification Market Size and Forecast, By Technique
13.4 Latin America Positive Material Identification Market Size and Forecast, By Form Factor
13.5 Latin America Positive Material Identification Market Size and Forecast, By Industry
13.6 Latin America Positive Material Identification Market Size and Forecast, By Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Positive Material Identification Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Positive Material Identification Market Share Analysis, By Offering
14.3 Middle East Positive Material Identification Market Size and Forecast, By Technique
14.4 Middle East Positive Material Identification Market Size and Forecast, By Form Factor
14.5 Middle East Positive Material Identification Market Size and Forecast, By Industry
14.6 Middle East Positive Material Identification Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.2. UAE
14.6.2. Egypt
14.6.4. Kuwait
14.6.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1. Olympus Corporation (Japan)
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. Thermo Fisher Scientific Inc (U.S.)
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. Simadzu Corporation(Japan)
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4. Malvern Panalytical Ltd (Netherlands)
161 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5. SGS Group (Switzerland)
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6. Bureau Veritas (France)
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7. Intertek Group plc (U.K.)
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8. TÜV SÜD (Germany)
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9. Torontech (Canada)
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10. Applus Services S.A. (Spain)
16.10.1 Overview
15.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
