Low VOC Adhesives Market

Low VOC Adhesives Market Segmentation By Chemistry Type (Polyvinyl Acetate, Vinyl Acetate Ethylene, Ethylene Vinyl Acetate, Polyurethane and Others); By Technology Type (Hot Melt Adhesives, Water Based Adhesives and Reactive & Other Adhesives); By End User Industries (Paper & Packaging, Transportation, Construction, Consumer Goods, Wood Working and Others) - Global Demand Analysis & Opportunity Outlook 2028

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Report ID: 2764 | Published On: Feb 01, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

In The News

  • On February 04, 2020: Henkel Adhesives Technology invested approximately Rs 400 crores on its new manufacturing facility in Pune. The investment is made primarily to cater the growing demand of industries for high performance solution in adhesives, surface treatment plants and sealants.

Introduction to Low VOC Adhesives

Volatile Organic Compounds (VOCs) are the compounds having low water solubility and high vapour pressure at room temperature. VOC is an important substance used in the manufacturing of adhesives and sealants to make them workable. Low VOC adhesives are made with lower volume of VOCs and they have less impact on the environment. In order to use green products in home, low VOC adhesives are preferred owing to their less negative impact on air quality and are approved for people having environmental sensitivities. The low VOC adhesives follow the stringent standards along with maintaining high performance and keeping the surroundings healthy.

Market size and Forecast

The market for low VOC adhesives is estimated to record a significant CAGR of around 5.5% over the forecast period, 2020-2028. The increased use of adhesives in various industries such as construction, paper & packaging, transportation, consumer goods and others anticipated as one of the major factor driving the growth of the market. The characteristics of low VOC adhesives such as strength and adhesion drive are boosting the demand for high performance adhesives. Further, stringent government regulations in order to reduce the VOC content in adhesives to offer excellent adhesion along with the increasing regulations for passenger vehicles to maintain the quality of indoor air are driving the growth of the market.

Low VOC Adhesives Market Graph

On the basis of technology type, the low VOC adhesives market is segmented into hot-melt adhesive, water based adhesive, reactive & other adhesives, out of which, water based adhesive segmented is estimated to dominate the market on the account of their flexibility, low content of VOC and better efficiency than other adhesives. Additionally, water based adhesives are manufactured from natural or synthetic polymers that are soluble and are absorbed by the substrate. Moreover, these adhesives are easy to handle, which in turn, is further accelerating the growth of the market during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT

Growth Drivers

Rising Demand from Paper and Packaging Industry

The increased use of low VOC adhesives in several types of packaging such as food & beverage and flexible packaging is boosting the growth of the market. Further, wide applications of low VOC adhesives in packaging such as paper bags, book binding, leather binding and wood assembly are rising the demand for the product. Moreover, low VOC adhesives help in attaining high speed packaging and have easy clearance for packaging food from Food and Drug Administration (FDA) agency. Hence, these factors are anticipated to account for the growth of the market.

High investments

Rising investments in developing economies for low carbon emitting and lightweight vehicles is driving the growth of the market. Further, increased demand for sustainable adhesives along with the growing trend in electric vehicles is resulting into higher investments, which in turn, is boosting the growth of the market.

Low VOC Adhesives Market Graph
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Volatile Raw Material Prices

The rise in demand for eco-friendly compounds owing to the strict government regulations is leading into increased cost of the raw materials, which in turn, is resulting into increased manufacturing cost. Hence, the changes in the prices of raw materials are expected to hamper the market growth over the forecast period.

Market Segmentation

Our in-depth analysis of low VOC adhesives market includes the following segments:

By Chemistry Type

  • Polyvinyl Acetate (PVA)
  • Vinyl Acetate Ethylene (VAE)
  • Ethylene Vinyl Acetate (EVA)
  • Polyurethane
  • Others

By Technology Type

  • Hot Melt Adhesives
  • Water Based Adhesives
  • Reactive & Other Adhesives

By End User Industries

  • Paper & Packaging
  • Transportation
  • Construction
  • Consumer Goods
  • Wood Working
  • Others

By Region

On the basis of regional analysis, the low VOC adhesives market is segmented into five major region including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific is anticipated to dominate in the region on the back of rapid growth in e-commerce platform and increasing manufacturing bases owing to the presence of emerging economies such as China, India and Japan. Further, surge in the demand for packaged consumer goods on the account of extensive customer base is rising the demand for low VOC adhesives. Moreover, supportive government regulations, increasing per capita expenditure along with the growing urbanization are accelerating the market growth. The North America is estimated to account for highest share in the market owing to the modernization in the packaging and transportation industries.

Low VOC Adhesives image

The low VOC adhesives market is further classified on the basis of region as follows:

  • North America (US, Mexico and Canada) Market size, Y-O-Y growth and Opportunity analysis.
  • Europe (France, Germany, Italy, UK, Russia and Other parts of Europe) Market size, Y-O-Y growth and Opportunity analysis.
  • Asia Pacific (India, Japan, China, South Korea, Indonesia and rest of Asia Pacific) Market size, Y-O-Y growth and Opportunity analysis.
  • Latin America (Argentina, Brazil, and other parts of Latin America) Market size, Y-O-Y growth and Opportunity analysis.
  • Middle East & Africa (Saudi Arabia, United Arab Emirates, South Africa and rest of Middle East & Africa) Market size, Y-O-Y growth and Opportunity analysis.

Low VOC Adhesives image
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