Dispersion adhesives are organic-based adhesives used to bond various substrates such as wood, plastics, rubber, and metal. They have exceptional adhesion strength and offer benefits such as resistance to environmental factors. Dispersion adhesives find wide application in the construction, footwear, packaging, and automotive industries.
The global dispersion adhesives market is estimated to be valued at US$ 9.81 Mn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Wide adoption across industries has been a key trend boosting growth of the dispersion adhesives market. Dispersion adhesives offer excellent adhesion to a variety of substrates like wood, plastics, and metals. This makes them ideal for bonding different materials commonly used in end-use industries like construction, footwear, packaging, and automotive. In the construction industry, dispersion adhesives are widely used for applications such as flooring, drywall, paneling, and roofing. Similarly, in the footwear industry, they are used to bond various components of shoes. Their excellent performance characteristics have increased preference among manufacturers over other adhesive types across industries. This wide adoption across core end-use industries is expected to drive market growth over the forecast period.
Segment Analysis
Dispersion adhesives can be segmented into acrylic, polyvinyl acetate (PVA), polyurethane, and others. Among these, acrylic is the dominating segment and holds around 60% of the market share. Acrylic adhesives provide excellent adhesion to various substrates such as wood, plaster, polyester, polyurethane foam, and natural fibers. They have high bonding strength, water resistance, and are inexpensive compared to other types of adhesives.
Key Takeaways
The Global Dispersion Adhesives Market Size is expected to witness high growth over the forecast period of 2024 to 2031. The global dispersion adhesives market is estimated to be valued at US$ 9.81 Mn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031.
Regional analysis: North America is currently the leading region for dispersion adhesives market owing to huge presence of furniture, footwear and construction industries in the region which drives the consumption of dispersion adhesives. However, Asia Pacific region is expected to be the fastest growing market during the forecast period due to rapid urbanization and industrialization in countries like China and India.
Key players: Key players operating in the dispersion adhesives market are Smith & Nephew plc, Aranz Medical Limited, eKare Inc., and WoundMatrix Inc. Smith & Nephew plc is one of the leading players in global wound care market and offers wide range of advanced wound care products including dispersion adhesives for wound closure. Aranz Medical Limited is a New Zealand based company specialized in development and sale of medical adhesive technologies. eKare Inc. manufactures single use medical devices for wound care and other areas. WoundMatrix Inc. provides wide assortment of advanced wound care products including alginate dressings, hydrogels and foams.
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