The Low VOC adhesives market is projected to grow from USD 49.5 Billion in 2021 to USD 63.3 Billion by 2026, at a CAGR of 5.0% between 2021 and 2026. APAC is estimated to be the largest consumer of Low VOC adhesives. The global Low VOC adhesives market is driven by the growing demand for water based adhesives due to their flexibility, durability, and economic feasibility in manufacturing, paper & packaging industry.
The key players operating in the market are Henkel (Germany), 3M (USA), H.B. Fuller (USA), Sika AG (Switzerland) and Bostik, a part of Arkema (France). These players have adopted various strategies, such as mergers & acquisition, investment & expansion, and new product launch to grow in the market. Mergers & acquisitions is the key strategy adopted by the major players between 2020 and 2026. This strategy helped companies enhance their global presence.
Henkel (Germany) has achieved growth by overcoming changes in the times and business environment through a creative fusion of people and technology. Henkel has leading position in its three business units in both industrial and consumer business: Adhesive Technologies; Beauty Care; Laundry & Home care and an additional segment Corporate. The production and distribution of Low VOC adhesives has been done by the company under the multiple brand names i.e., LOCTITE, AQUENCE, TECHNOMELT, and TEROSON.
