by The dispersion adhesives market comprises polyurethane, acrylic, and vinyl acetate adhesives that are used to bind various substrates such as wood, metals, glass, and plastics. These adhesives find extensive usage in the construction sector for bonding tiles, flooring, and other construction materials owing to their high bonding strength and water resistance. They are also used in the automotive industry for bonding different auto components such as doors, spoilers, and bumpers.
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:
The rising demand from the construction and automotive industries has been a major factor driving the growth of the dispersion adhesives market. Dispersion adhesives are increasingly being used in the construction sector as an alternative to cement and tile adhesives owing to benefits such as high bonding strength and water resistance. Their growing usage in flooring, tiles, decking, and other applications is expected to boost market growth over the forecast period. Rapid industrialization and infrastructure development activities in emerging economies are also augmenting the demand for dispersion adhesives from the construction industry.
SWOT Analysis
Strength: Dispersion adhesives offer good adhesion properties to a wide range of substrates like wood, metal, and plastics. They provide strong and durable bonds.
Weakness: Dispersion adhesives require a relatively long drying time compared to other adhesives. They have limited heat resistance.
Opportunity: Growing application of dispersion adhesives in construction and woodworking industries due to their advantages is expanding the market size. Increasing infrastructure development projects worldwide is also opening new opportunities.
Threats: Development of newer adhesives like hot melts and solvent-based adhesives posing competition. Fluctuations in raw material prices can increase the overall cost of dispersion adhesives.
Key Takeaways
The Global Dispersion Adhesives Market Size is expected to witness high growth over the forecast period of 2024 to 2031. 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.
The Asia Pacific region dominates the global dispersion adhesives market with the largest revenue share. Rapid industrialization and infrastructure development activities in countries like China and India are driving the demand. North America is another major regional market supported by strong construction and woodworking industries.
Key players
Key players operating in the dispersion adhesives market are Smith & Nephew plc, Aranz Medical Limited, eKare Inc., and WoundMatrix Inc. Dispersion adhesives find extensive application in medical dressings and wound care products. Smith & Nephew plc offers a wide range of first aid dressings using dispersion adhesive technology.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
