by Dispersion adhesives are utilized for bonding various materials like wood, metals, glass, stone, and others. They find wide applications in panel bonding, hardwood flooring, furniture & cabinetry assembly, door & window frame bonding, and other construction applications. Dispersion adhesives provide durability and high bond strength which makes them a suitable choice for construction sector. Rapid urbanization along with increasing infrastructure development projects across commercial and residential sectors is fueling the demand for dispersion adhesives in construction applications.
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 Dynamics:
The growing usage of dispersion adhesives in construction sector is driving the market growth. As mentioned earlier in the heading, rapid urbanization and increasing infrastructure development is propelling the construction activities worldwide. This in turn is augmenting the usage of dispersion adhesives for bonding various construction materials. Another important factor fueling the market is their increasing utilization in panel bonding applications such as furniture & cabinets manufacturing. Dispersion adhesives provide durable and moisture resistant bond for bonding wood panels, MDF, and particle boards. This attributes to their growing acceptance in furniture industry.
Segment Analysis
Dispersion Adhesives market is segmented on the basis of Resins Type where Acrylic dispersion adhesives segment dominates the market currently. Acrylic dispersion adhesives excel in the bonding ability of a wide range of porous and non-porous materials like wood, metal, plastics and fabrics. They offer high bond strength and flexibility along with moisture resistance which make them ideal adhesive for various applications like shoe manufacturing, packaging, bookbinding and laminating.
PEST Analysis
Political: No major political factors are affecting the dispersion adhesives market currently.
Economic: Growth of various end use industries like packaging, construction and automotive is driving the economic growth of dispersion adhesives market. Rise in the disposable income is increasing purchasing power which is fostering various applications utilizing dispersion adhesives.
Social: Growing population and urbanization is influencing social factors positively. Changing lifestyle and rising demand for packaged and branded goods is benefiting the market.
Technological: Manufacturers are focusing on developing eco-friendly and sustainable adhesives by replacing solvent borne adhesives with zero/low VOC and bio based adhesives which comply with regulatory norms.
Key Takeaways
The Global Dispersion Adhesives Market Size is expected to witness high growth over the forecast period of 2024 to 2031 on account of rising application in industries like packaging, construction and footwear. 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:
APAC region currently dominates the dispersion adhesives market owing to flourishing end use industries in countries like China and India. Growth of e-commerce sector and rising urbanization are proliferating the packaging industry in the region which is propelling the market.
Key players operating in the dispersion adhesives market are Smith & Nephew plc, Aranz Medical Limited, eKare Inc., and WoundMatrix Inc. Key players operating in the dispersion adhesives market are Smith & Nephew plc, Aranz Medical Limited, eKare Inc., and WoundMatrix Inc. Smith & Nephew plc specializes in developing advanced wound care products for acute and chronic wounds.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
