Dispersion adhesives are widely used as wood glue and to bond various materials including glass, ceramics, paper, wood and others. Adhesives provide strong and flexible bonds that withstand environmental stresses and temperature extremes. They find extensive applications in furniture and cabinet manufacturing, woodworking, packaging and other construction activities. The increasing construction of commercial and residential buildings globally is propelling the demand for dispersion adhesives.
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, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the dispersion adhesives market is the growing demand for eco-friendly and low VOC adhesives. Strict environmental regulations regarding VOC emissions have compelled manufacturers to develop sustainable adhesive solutions. Water-based dispersion adhesives contain negligible or no volatile organic compounds and hence produce less emissions during production and applications. They also allow use of recycled wood materials. Additionally, development of polyethylene glycol (PEG) based dispersion adhesives is gaining traction as PEG provides excellent adhesion and has very low toxicity. PEG adhesives find increasing usage in residential construction. Another trend is the increasing R&D towards advanced formulations to enhance adhesion properties for difficult-to-bond substrates and packaging applications. Manufacturers are focusing on developing products suitable for high temperature applications as well as durable flexible bonds resistant to impacts and vibrations.
Threat of new entrants: The threat of new entrants in the dispersion adhesives market is moderate. While the initial investment required to set up manufacturing facilities is high, there are low regulations and standards.
Bargaining power of buyers: The bargaining power of buyers in the dispersion adhesives market is high. Buyers can negotiate lower prices by switching suppliers or sourcing adhesives from alternative adhesive chemistries.
Bargaining power of suppliers: The bargaining power of suppliers is moderate. Key raw materials such as polymers, resins, and plasticizers used in dispersion adhesives are supplied by few global players.
Threat of new substitutes: The threat of substitutes is low. Dispersion adhesives provide superior adhesion properties compared to thermoset and hot melt adhesives.
Competitive rivalry: The competitive rivalry in the dispersion adhesives market is high due to presence of numerous global and regional players. Companies compete on product quality, reliability, pricing, and innovation.
The Global Dispersion Adhesives Market Size is expected to witness high growth over the forecast period. 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.
Regional analysis comprises: The Asia Pacific region is the largest and fastest growing market for dispersion adhesives owing to presence of a strong manufacturing sector and high demand from industries such as paper, packaging, construction, and automotive in China, India, Japan, and other Asian countries.
Key players operating in the dispersion adhesives market are Smith & Nephew plc, Aranz Medical Limited, eKare Inc., and WoundMatrix Inc. Smith & Nephew plc and Aranz Medical Limited are prominent players in medical tapes and wound care products. eKare Inc. offers an advanced telehealth platform for chronic wound monitoring.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it