June 13, 2024
Dispersion Adhesives Market

Dispersion Adhesives Market Primed to Accelerate due to Developments in 3D Printing

Dispersion adhesives offer excellent adhesion to a wide variety of substrates including wood, metals, glass and plastics. They find widespread usage in applications such as packaging, construction, bookbinding, footwear, furniture and automobile industries. Dispersion adhesives provide high bond strength and work effectively on damp surfaces. They deliver consistent performance under changing environments with their ability to form permanent elastic bonds.

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.

Key Takeaways

Key players operating in the dispersion adhesives market are Smith & Nephew plc, Aranz Medical Limited, eKare Inc., and WoundMatrix Inc.

The Dispersion Adhesives Market Size is anticipated to witness lucrative opportunities owing to developments in 3D printing applications. Dispersion adhesives are being increasingly utilized to bond materials in the 3D printing domain.

Technological advancements such as the development of non-formaldehyde and bio-based dispersion adhesives are fueling the market growth. Sustainable adhesives developed from plant-based sources are gaining traction.

Market Drivers
Developments in the construction and automotive industries are projected to drive the demand for dispersion adhesives. Extensive usage of dispersion adhesives for bonding construction materials such as wallpapers, cement boards and tiles is surging their adoption rate. In the automotive sector, dispersion adhesives are widely utilized for bonding exterior automotive parts. Increasing automobile productions globally will positively influence the market revenues.

Current challenges in Dispersion Adhesives Market:

The dispersion adhesives market is facing challenges due to fluctuating raw material prices and stringent environmental regulations regarding the use of VOCs in adhesives. Adhesives manufacturers are struggling to reduce production costs amid rising prices of acrylate and polyurethane raw materials. Strict norms such as REACH and EPA regarding the use of volatile organic compounds are compelling players to develop green adhesive solutions. However, transitioning to green chemistries requires heavy R&D investments. Furthermore, the market is seeing slowdown in key application industries such as construction and woodworking due to global economic uncertainties.

SWOT Analysis

Strength: Dispersion adhesives offer good adhesion to various substrates including wood, plastic and paper. They have low-toxicity and are easy to apply without use of solvents.

Weakness: Storage stability of dispersed systems can be an issue. Dispersion adhesives have lower bond strength compared to other adhesive types.

Opportunity: Growing emphasis on sustainability and environmental protection is driving demand for zero/low VOC adhesive solutions. Expanding application scope in packaging, footwear and furniture industries presents new revenue avenues.

Threats: Strict regulation on phthalate-containing plasticizers is a challenge. Substitute adhesive technologies pose competition.

In terms of value, the dispersion adhesives market concentration is highest in North America and Europe. Stringent environmental regulations and high consumer awareness about sustainable products are driving demand for green adhesives in these regions.

Asia Pacific is identified as the fastest growing regional market owing to rising industrial and construction activities, growing packaging industry and rapid urbanization in countries such as China and India. Supportive government policies and expanding middle-class population offer significant growth opportunities for dispersion adhesive manufacturers in Asia Pacific.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it