WATERBORNE ADHESIVES MARKET ANALYSIS
Market Dynamics
Major drivers for growth of the market are increasing use of waterborne adhesives in packaging and automotive applications, which is primarily due to strict environmental regulation pertaining to VOC content in adhesive products. Government bodies such as U.S. Environmental Protection Agency (EPA), International Maritime Organization, European Union and Health Canada are among those enforcing regulations against high VOC content products.
Major challenges for the growth of the market include fluctuating raw material prices and availability of these materials. Also, complex formulation and high cost compared to solvent borne adhesives may result in slow market growth in countries where VOC related regulations are lax or absent.
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