Low VOC Adhesive Market size is estimated to surpass USD 90 Billion by the end of 2036, growing at a CAGR of 7.8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the low VOC adhesives was over USD 55 Billion. The growth in the market is because of the increasing need for "green" adhesives as it promotes new sustainable practices. It contributes to the protection of the environment by limiting the release of hazardous chemicals and it is considered healthy for the environment and people to use low-VOC adhesives.
Moreover, there is an increasing demand for the construction industry due to its properties like ease of use, high-temperature resistance, stability, flexibility, durability, and the economy's feasibility. Further, rising infrastructure as a result of the increased urbanisation, is also expected to add growth to the construction industry. After reaching a record 8% construction expenditure growth in 2021, the US engineering and construction sector started 2022 on a promising note.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 7.8 % |
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Base Year Market Size (2023) |
~ USD 55 Billion |
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Forecast Year Market Size (2036) |
~ USD 90 Billion |
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Regional Scope |
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Technology Type (Hot Melts, Water Based Adhesives, Reactive)
By technology type, the water-based adhesives segment is anticipated to gain the highest growth of 59% in the low VOC adhesive market. Water-based adhesives are increasingly used for flexible packaging applications, such as packaging for medicine delivery systems, shipping packaging for building materials, and packaging for consumer and industrial goods. Moreover, the use of these additives is also most frequent for food packaging lamination. For instance, the demand for the use of plastics worldwide increased sharply over the last few decades and, in recent years, reached an estimated 460 million tonnes. Packaging accounted for almost 31 % of this total, and by far the largest segment in which plastics are consumed.
End User (Paper & Packaging, Transport, Building & Consumer Goods, Wood Working)
The paper & packaging segment in the low VOC adhesive market is expected to garner a significant share of 45%. The growth can be attributed to the growing food packaging industry. A variety of items may be transported, stored, and protected with paper packaging owing to its adaptability and affordability. The packaging for paper cartons is utilized in a variety of sectors, including agriculture, food and beverage industry, and others. For instance, low VOC adhesives are becoming more important in the paper and packaging industries since they are used to label, laminate, package, and seal bottles and packages, mostly in the food and consumer products industries.
Our in-depth analysis of the global market includes the following segments:
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Chemical type |
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Technology type |
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End User industry
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APAC Market Forecast
The Asia Pacific low VOC adhesive market is projected to grow with the highest share of 33% during the forecast period. This region is an ideal market for lower VOC producers due to higher domestic demand, as well as the availability of cheap labour. In the Asia Pacific region, China has emerged as a market leader and India is projected to be the most rapidly developing market in terms of value.
North American Market Statistics
The market in the North America region is expected to show notable growth during the forecasted period. The growth of the market can be attributed majorly to the growing demand for automobiles in the region. More and more people are shifting towards electric vehicles, owing to their fuel efficiency, which in turn will increase the demand for low VOC adhesives in the area, as they help in reducing the amount of dangerous chemicals emitted into the air. In order to minimize the use of chemicals during production, commercial vehicle manufacturers utilize low VOC adhesives which is proven as a vital boost in the region. Commercial vehicle production in the United States is anticipated to reach more than 7 million units by 2026.
Author Credits: Smruti Ranjan, Rajrani Baghel
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