수성 접착제 : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the water-borne adhesives market size is estimated at USD 9.08 billion in 2026 and is expected to reach USD 12.23 billion by 2031, at a CAGR of 6.12% during the forecast period (2026-2031).

This report is Segmented by Resin Type (Acrylics, Polyvinyl Acetate (PVA) Emulsion, and More), Application (Flexible Packaging, Tapes and Labels, and More), End-User Industry (Building and Construction, and More), Substrate (Paper and Paperboard, Plastics and Films, and More), and Geography (Asia-Pacific, North America, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).

Global Water-borne Adhesives Market Trends and Insights

E-commerce-Led Boom in Corrugated Packaging

Global online sales reached USD 6 trillion in 2025, prompting logistics operators to redesign secondary packaging for faster throughput and lower damage rates. Corrugated converters now use water-based starch and PVA adhesives that develop set speed within three seconds, enabling production lines to exceed 300 meters per minute without the fire hazards seen in hot-melt systems. Rising demand for right-sized boxes has increased the packaging-to-product weight ratio, which elevates adhesive consumption per shipment. Major e-retailers such as Amazon eliminated plastic air pillows in 2024, accelerating the switch to paper-based cushioning bonded with water-borne chemistries. Similar commitments by Walmart and Alibaba have reinforced this trajectory, making corrugated packaging the single-largest growth node in the water-borne adhesives market.

VOC-Reduction Mandates Driving Solvent-to-Water Switch

China's GB 33372-2020 caps VOCs in water-borne products at 50 g/kg, while the European Union's Directive 2004/42/EC restricts decorative coatings to 30 g/L and contact adhesives to 50 g/L. In the United States, the Environmental Protection Agency's National Emission Standards for Hazardous Air Pollutants require a 95% VOC capture rate or low-emitting formulations. California's Air Resources Board (CARB) Phase 2 regulation sets an even tighter 25 g/L ceiling for architectural coatings. Collectively, these rules have forced converters to reformulate, thereby boosting demand across the water-borne adhesives market.

Heat-Resistance Gap Limits Entry into High-Temperature Uses

Most aqueous formulations degrade above 120 °C, preventing deployment in engine compartments where ambient temperatures exceed 150 °C and in electronics reflow soldering peaks of 260 °C. Epoxy and polyimide systems retain integrity at 200 °C for thousands of hours, a performance envelope water-based products cannot match without sacrificing film formation. The rise of silicon-carbide inverters demanding 175 °C adhesives further sidelines water-borne chemistries, while aerospace specs such as ASTM D5868 require 80% strength retention at 180 °C, effectively excluding them.

Other drivers and restraints analyzed in the detailed report include:

1. ASEAN Modular Construction Spurring Fast-Setting PVA Demand
2. Lightweight Automotive Bonding Boosting PU Dispersions
3. Limited Penetration in High-End Structural Bonding

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Acrylics held 38.12% of revenue in 2025, buoyed by pressure-sensitive labels and paper converting, where 10-15 N/25 mm peel adhesion suffices. The water-borne adhesives market size for PU dispersions is projected to increase at a 6.71% CAGR to 2031 as automakers and footwear brands demand abrasion resistance and flexibility unrivaled by acrylics. Covestro's Dispercoll U series posts 800% elongation and 25 MPa tensile strength without free isocyanate, positioning it for single-component systems that simplify plant logistics. PVA emulsions still dominate woodworking, forming transparent glue lines and penetrating porous substrates, while EVA emulsions remain preferred for carpet backing and hygiene disposables despite a 20% cost premium.

Innovation is narrowing the performance gap: self-crosslinking acrylics now reach 3 MPa lap-shear strength on aluminum, previously an epoxy stronghold. Bio-based resins remain below 5% but are rising as Henkel and Wacker launch lignin and starch derivatives. Chloroprene latex continues to lose share after the EU REACH restricted nitrosamine precursors. Collectively, the shift toward high-function PU dispersion broadens the value pool inside the water-borne adhesives market.

Flexible packaging represented 40.44% market share in 2025 as brands migrated from rigid formats to stand-up pouches that cut material use by 30%-50%. The water-borne adhesives market size for laminating and filmic structures is forecast to grow at 7.52% through 2031, fueled by multilayer barrier films combining polyethylene and metallized polyester. FDA-compliant solvent-free systems now leave <5 mg/m2 residuals, opening retort pouch opportunities.

Tapes and labels benefit from e-commerce tamper-evidence needs, while flooring adhesives certified under LEED emit <50 µg/m3 total VOCs. Bookbinding faces digital substitution yet retains premium hardcovers that rely on neutral-pH PVAs. Non-woven hygiene lines seek formaldehyde-free formulations, enabling water-borne dispersions to capture elastic attachment and wetness-indicator niches.

Complete Report Scope:

• By Resin Type
  • Acrylics
  • Polyvinyl Acetate (PVA) Emulsion
  • Ethylene Vinyl Acetate (EVA) Emulsion
  • Polyurethane Dispersions and CR (Chloroprene Rubber) Latex
  • Other Resin Types
• By Application
  • Flexible Packaging
  • Tapes and Labels
  • Paper Converting and Graphic Arts
  • Laminating and Filmic Structures
  • Flooring and Carpeting
  • Bookbinding and Publishing
  • Non-woven and Hygiene Products
  • Others
• By End-user Industry
  • Building and Construction
  • Paper, Board, and Packaging
  • Woodworking and Joinery
  • Transportation
  • Healthcare
  • Electrical and Electronics
  • Other End-user Industries
• By Substrate
  • Paper and Paperboard
  • Plastics and Films
  • Wood and Composites
  • Metals
  • Glass and Ceramics
  • Others
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • NORDIC Countries
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific controlled 40.45% of revenue in 2025 and is expected to compound at a 6.92% CAGR through 2031 on the back of China's GB 18582-2020 and GB 30981-2020, which cap VOCs in adhesives at 50 g/kg. Indonesia's USD 412 billion infrastructure plan favors modular housing that relies on fast-setting PVAs, while Thailand's THB 3 trillion Eastern Economic Corridor drives low-VOC demand. India's Goods and Services Tax reforms lowered interstate costs by 15%, enabling bulk production hubs in Gujarat and Tamil Nadu. Japan's 2025 workplace exposure limits of 10 ppm toluene push formulators toward aqueous platforms.

North America's construction and automotive markets have plateaued, yet e-commerce and healthcare sustain 3%-4% growth. The United States NESHAP rule rewards converters that switch to water-borne products by obviating thermal oxidizers. Canada's 2024 formaldehyde cap of 0.05 ppm accelerates PVA uptake in cabinetry. Mexico's tier-1 suppliers now specify aqueous structural adhesives to satisfy OEM sustainability scorecards.

Europe continues to lead on regulation: Germany's TA Luft limits VOC stack emissions to 20 mg/m3, while France's RE2020 enforces lifecycle carbon audits that favor bio-based adhesives. Post-Brexit UK REACH retained EU restrictions on carcinogens, maintaining momentum toward solvent-free formulations. Nordic circular programs advocate design-for-disassembly, positioning water-borne adhesives for recyclable furniture.

South America is regaining momentum after a short recession. Brazil's CONAMA 452 harmonizes with 50 g/L VOC caps, spurring adoption in architectural coatings, whereas Argentina's panel mills comply with MERCOSUR's 0.1 ppm formaldehyde limit, boosting urea-formaldehyde emulsions. The Middle East and Africa remain nascent; Saudi megaprojects and South African renewables create localized demand for low-VOC bonding in solar laminates and turbine blades.

1. 3M
2. Arkema
3. Ashland
4. Avery Dennison Corporation
5. Benson Polymers Pvt Ltd.
6. DIC CORPORATION
7. Dow
8. Dymax
9. Evonik Industries AG
10. H.B. Fuller Company
11. HBK
12. Henkel AG & Co. KGaA
13. Jowat SE
14. MAPEI S.p.A.
15. Parker Hannifin Corp
16. Pidilite Industries Ltd.
17. PPG Industries, Inc.
18. Sika AG
19. Soudal Group
20. Wacker Chemie AG

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 E-commerce-led boom in corrugated packaging
  • 4.2.2 VOC-reduction mandates driving solvent-to-water switch
  • 4.2.3 ASEAN modular construction spurring fast-setting PVA demand
  • 4.2.4 Light-weight automotive bonding boosting PU dispersions
  • 4.2.5 Bio-based resin breakthroughs enabling food-contact compliance
• 4.3 Market Restraints
  • 4.3.1 Heat-resistance gap limits entry into high-temperature uses
  • 4.3.2 Limited penetration in high-end structural bonding
  • 4.3.3 Higher capex for water-borne production lines
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Competitive Rivalry

5 Market Size and Growth Forecasts (Value)

• 5.1 By Resin Type
  • 5.1.1 Acrylics
  • 5.1.2 Polyvinyl Acetate (PVA) Emulsion
  • 5.1.3 Ethylene Vinyl Acetate (EVA) Emulsion
  • 5.1.4 Polyurethane Dispersions and CR (Chloroprene Rubber) Latex
  • 5.1.5 Other Resin Types
• 5.2 By Application
  • 5.2.1 Flexible Packaging
  • 5.2.2 Tapes and Labels
  • 5.2.3 Paper Converting and Graphic Arts
  • 5.2.4 Laminating and Filmic Structures
  • 5.2.5 Flooring and Carpeting
  • 5.2.6 Bookbinding and Publishing
  • 5.2.7 Non-woven and Hygiene Products
  • 5.2.8 Others
• 5.3 By End-user Industry
  • 5.3.1 Building and Construction
  • 5.3.2 Paper, Board, and Packaging
  • 5.3.3 Woodworking and Joinery
  • 5.3.4 Transportation
  • 5.3.5 Healthcare
  • 5.3.6 Electrical and Electronics
  • 5.3.7 Other End-user Industries
• 5.4 By Substrate
  • 5.4.1 Paper and Paperboard
  • 5.4.2 Plastics and Films
  • 5.4.3 Wood and Composites
  • 5.4.4 Metals
  • 5.4.5 Glass and Ceramics
  • 5.4.6 Others
• 5.5 By Geography
  • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 India
    • 5.5.1.3 Japan
    • 5.5.1.4 South Korea
    • 5.5.1.5 ASEAN
    • 5.5.1.6 Rest of Asia-Pacific
  • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
  • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 France
    • 5.5.3.3 United Kingdom
    • 5.5.3.4 Italy
    • 5.5.3.5 Spain
    • 5.5.3.6 NORDIC Countries
    • 5.5.3.7 Rest of Europe
  • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
  • 5.5.5 Middle East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 South Africa
    • 5.5.5.3 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves (Mergers and Acquisitions, JVs, Expansions)
• 6.3 Market Share(%)/Ranking Analysis
• 6.4 Company Profiles {(includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)}
  • 6.4.1 3M
  • 6.4.2 Arkema
  • 6.4.3 Ashland
  • 6.4.4 Avery Dennison Corporation
  • 6.4.5 Benson Polymers Pvt Ltd.
  • 6.4.6 DIC CORPORATION
  • 6.4.7 Dow
  • 6.4.8 Dymax
  • 6.4.9 Evonik Industries AG
  • 6.4.10 H.B. Fuller Company
  • 6.4.11 HBK
  • 6.4.12 Henkel AG & Co. KGaA
  • 6.4.13 Jowat SE
  • 6.4.14 MAPEI S.p.A.
  • 6.4.15 Parker Hannifin Corp
  • 6.4.16 Pidilite Industries Ltd.
  • 6.4.17 PPG Industries, Inc.
  • 6.4.18 Sika AG
  • 6.4.19 Soudal Group
  • 6.4.20 Wacker Chemie AG

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-Need Assessment
• 7.2 Rising Demand for Sustainable and Eco-Friendly Products