Chicago, July 31, 2024 (GLOBE NEWSWIRE) — The Global Sustainable Adhesives Market is USD 2.9 billion in 2024 and is projected to reach USD 3.7 billion by 2029, at a CAGR of 5.2%, as per the recent study by MarketsandMarkets™. This can be supported by the fact that growing environmental consciousness, along with regulatory pressures to decrease the level of VOC emissions and other toxic substances, is one of the major drivers of the sustainable adhesives market. Rising demand from consumers for green products in packaging, building, and automotive industries is also forcing manufacturers to make use of bio-based and biodegradable adhesives. Moreover, improvements in adhesive formulations and new efficient renewable raw materials are in the process of development, which will further fuel market growth. Furthermore, corporate sustainability goals and the impetus behind the promotion of circular economy practices drive the adoption of sustainable adhesives together with global trends that will reduce carbon footprints and promote green manufacturing processes.
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Browse in-depth TOC on “Sustainable Adhesives Market”.
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List of Key Players in Sustainable Adhesives Market:
BASF SE (Germany)
DuPont (US)
Henkel AG & Co. KGaA (Germany)
H.B. Fuller Company (US)
Jowat SE (Germany)
Dow (US), Arkema (France)
Avery Dennison Corporation (US)
Synthos (Poland)
Paramelt B.V. (Netherlands)
Artience Co., Ltd. (Japan)
Drivers, Restraints, and Opportunities in Sustainable Adhesives Market:
Driver: Urbanization & infrastructure development coupled with green building initiatives.
Restrain: Complex regulatory compliances and end of life considerations.
Opportunity: Growing demand in emerging end-use industries.
Challenge: Availability of raw materials along with performance limitations.
Key Findings of the Study:
The water-based by raw material segment is projected to grow at the fastest CAGR during the forecast period.
The recyclable adhesives by type segment are expected to grow at the fastest CAGR during the forecast period.
The packaging end-use industry segment is expected to grow at the fastest CAGR during the forecast period.
Asia Pacific is expected to be the largest consumer of the sustainable adhesives market during the forecast period
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Based on type, the sustainable adhesives market has been segmented into recyclable adhesives, renewable adhesives, repulp able adhesives, biodegradable adhesive and green adhesives among others. Foam insulation accounted for the largest share, in terms of value, of the global market in 2024.
Recyclable adhesives hold the largest market share among sustainable adhesives due to several compelling reasons. They play a very significant role in underpinning circular economy initiatives and efforts targeted at reducing waste. …