Status : Published | Published On : Dec, 2024 | Report Code : VRCH2077 | Industry : Chemicals & Materials | Available Format :
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The global water-based adhesive specialty tapes market was valued at USD 8.2 billion in 2023 and is anticipated to reach USD 8.5 billion by 2030, growing at a CAGR of 6.67% during the forecast period 2025-2030. Water-based adhesive is chemical composites that are made by mixing water, polymers, and different additives.
The water-based adhesives can be in liquid or powder solution form and are apt for porous or non-porous substrates. The water-based adhesive specialty tapes are generally prepared from natural or artificial soluble polymers. Water acts as a carrier fluid and controls the fluidity of useful adhesive composites for various substrates having loads of thickness. The global water-based adhesive specialty tapes are growing owing to the increased adoption in the automotive sector, increased public awareness about the benefits of such tapes, escalating demand for medical products, and technological developments in the healthcare industry that will propel the growth of the market.
Water-Based Adhesive Specialty Tapes Market Segmentation
Insight by Resin Type
Based on resin type, the global water-based adhesive specialty tapes market is divided into Acrylic Polymer Emulsion (APE), Styrene Butadiene (SB) Latex, Polyvinyl Acetate (PVA) Emulsion, Polyurethane Dispersion (PUD), and Vinyl Acetate Ethylene (VAE) Emulsion and others. The PVA Emulsion dominates the market as PVA adhesive produces clear, hard films that are weather resistant and can withhold water, grease, oil, and petroleum fuels. In addition, it offers properties such as high initial adhesiveness, almost invisible adhesive joints, softening at 30-45 °C, resistance to biodegradability, and low cost.
Based on application, the water-based adhesive specialty tapes market is categorized into tapes and labels, paper and packaging, building and construction, automotive and transportation, consumer, leather & footwear, sports & leisure, assembly, and others. The tapes and labels are anticipated to have the fastest growth owing to extensive utilization across various industries and for many adhesive applications and include construction tape adhesives, masking tape adhesives, freezer label adhesives, removable or repositionable label adhesives as these adhesives are flexible and versatile. The construction industry is anticipated to have faster growth owing to the increased usage of acrylic polymer emulsion resin type in water-based adhesive specialty tapes as APE provides superior performance and non-flammable properties.
Report Metric |
Details |
Historical Period |
2018 - 2023 |
Base Year Considered |
2024 |
Forecast Period |
2025 - 2030 |
Market Size in 2024 |
U.S.D. 8.2 Billion |
Revenue Forecast in 2030 |
U.S.D. 8.5 Billion |
Growth Rate |
6.67% |
Segments Covered in the Report |
By ResinType, and By Application |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
The increasing prominence of technologically developed and environmentally friendly products in different industry verticals and high performance compared to conventional solvent-based adhesives in terms of efficiency and flexibility are the trends prevalent in the water-based adhesive specialty tapes market. Moreover, government regulations to limit VOC emissions will further support the growth of water-based products.
The rising demand from the packaging industry owing to its features like durability, flexibility, and economic efficiency will stimulate the growth of the water-based adhesive specialty tapes market. Moreover, the extensive application in the automotive industry as double-sided tapes, protection tapes, and foam tapes are easy to fix and remove. Moreover, the increased demand for light and low-emission vehicles such as smart cars and aluminum trucks will drive the growth of the market. It is used in the healthcare industry and is adopted in applications like surgical tapes and waterproof tapes to cover incisions and wounds. Moreover, water-based adhesive specialty tapes have antigenic properties and hold tightly on the skin, bandage, or dressing material, resulting in wide adoption in the healthcare sector.
The inability to store the product for a long period of time, reduced shelf life, and vulnerable commodity costs are the challenges faced by the manufacturers of the water-based adhesive specialty tapes market. In addition, the formulation of water-based adhesives specialty tapes are complex, and slow drying and freezing at low temperatures owing to the volatility features of water may hinder the growth of the market.
APAC is anticipated to have the largest share in the global water-based adhesive specialty tapes market owing to the expansion of the automotive, healthcare, electronics, and electrical sectors. Moreover, the rising disposable income and economic growth may augment the growth in the region. Europe is anticipated to have strong growth during the forecast period in the water-based adhesive specialty tapes market owing to robust growth in building bridges and highways and growing business investments in buildings. Moreover, the rising urban population and an increasing number of immigrants may further propel the growth of the market.
The water-based adhesive specialty tapes industry players are involved in various strategic initiatives to remain competitive in the market such as product launches, mergers, and acquisitions, partnerships, etc. Thus, industry players are strengthening their position in a highly competitive market and providing a competitive edge.
Recent Developments By the Key Players
Dymax, a leading manufacturer of rapid curing materials and equipment, announces a curated lineup of light-curable adhesives and coatings designed specifically to meet the complex assembly needs of stationary energy storage systems such as industrial gas turbines (IGTs) and various types of fuel cells and electrolyzers including Solid Oxide (SOFC) and Proton Exchange Membrane (PEMFC).
Bostik, which is the adhesive solutions segment of Arkema, and Brückner Maschinenbau (Brückner), a global cast extrusion line manufacturer, have partnered to develop a coextruded, peelable, BOPET lidding film that addresses demands of film producers for streamlined production efficiencies, improved consumer ease of use and reduced end of life impact through the use of optimized equipment.
The water-based adhesive specialty tapes market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
Region Covered in the Report
Source: VynZ Research
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Water-Based Adhesive Specialty Tapes Market