VOCs include a group of chemicals found in adhesives. These chemicals pose a health threat and also cause air pollution such as smog.
The low VOC adhesives industry has garnered $47.6 billion in 2021, and it is projected to generate $81.1 billion, advancing at a rate of 6.1% in the coming years.
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Over the last few decades, the consumption of adhesives has increased in the construction sector. They are widely utilized in furniture assembly, upholstery, carpeting, flooring, crating, and packaging. The construction of several homes involves around a half-ton of glue.
Due to growing awareness of the potential drawbacks of VOC-containing adhesives, the demand for safer and eco-friendlier alternatives is growing. Therefore, environmentally friendly low-VOC adhesives are introduced in the industry.
The Camie 573 and Camie 500 mist sprays are such examples, as they have less than 30% VOC content. There are several other low VOC adhesives offered in the market, which are highly safe as they can be applied on several surfaces only.
The stringent government regulations encourage manufacturers to introduce environmentally friendly adhesives. Industry leaders are focusing on launching products that meet the standard regulations. The low VOC adhesives are such eco-friendly solutions.
Numerous companies have developed low VOC adhesives which are safe for both public and the environment, as well as ensure high performance. The eco-friendly and sustainable adhesives provide opportunities to manufacturing companies operating in the industry, due to implementation of the stringent regulations for low carbon emissions.
Moreover, the advent of advanced low VOC adhesives in various industries, such as building and construction, automotive and transportation, and paper and packaging provides an opportunity for industry players.
Furthermore, the companies operating in the industry are focusing on launching new products and establishing manufacturing facilities to stay ahead of their competitors.
For instance;
Toyochem Co. Ltd., the subsidiary of the Tokyo Ink Group of Japan, launched Oribain EXK 21-046, a new low-odor, low-VOC acrylic pressure-sensitive adhesive in March 2022, for its usage in enclosed spaces including building interiors and vehicles.
Sika announced to set up of a new technology center and manufacturing facility for producing high-quality adhesives and sealants, in Pune, India, in December 2021.
The key players operating in the industry are:
1- 3M
2- H.B. Fuller Company
3- Pidilite Industries Ltd.
4- Wacker Chemie AG
5- PPG Industries Inc.
6- Bostik
7- Sika Services AG
8- Huntsman Corporation
9- Ashland Global Holdings Inc.
The market outlook is positive, as there are only a few low VOC adhesives industry players that offer such an eco-friendly adhesive solution that does not compromise performance. Due to such technologies and methods, more amazing products can be introduced in the market.
Therefore, the stringent government regulations to control carbon emissions, and rising consumption of low VOC adhesives in the construction sector are projected to propel the industry growth.
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