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WATER BASED Adhesives in North AmericaMARKET REPORT 2015-2019
A Comprehensive Report on the Water Based Adhesives Market
In North America
2017 Edition
AN ASC MARKET REPORT
TABLE OF CONTENTS
Table of Contents Page 3
Introduction 12
Research Scope 13
– End Market Scope (Transportation, Building & Construction, Paper, Board & Related Products and Flexible Packaging, Woodworking & Joinery, Assembly Operations, Footwear & Leather, Consumer/DIY)
– Technology Scope (acrylic, bio-based/natural, epoxy, PUD, PVA, SBR, VAA, VAE water-based adhesives – excluding PSA)
91 Qualitative Primary Interview coverage by sub-segment 14
– Case & Carton, envelopes, paper converting, tobacco, flooring, carpet, mfg. & modular housing, auto & light truck OEM, bus & truck, trailer & RV, rail, channels to market, upstream market
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TABLE OF CONTENTS
Definitions 16
Methodology 17
Examples of companies interviewed 18
Market Size by Volume and Value 20
Quick Insight Market Dynamics 21
Key Customer Selection Criteria 22
Executive Summary 23
Regional Demand Statistics 24
WBA as a percentage of the NA adhesives demand 25
Three segments combined make up 88% of WBA demand 26
Transportation sector in North America 38
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TABLE OF CONTENTS
– WBA as % of transportation demand 39
– Demand by sub-segment/resin type/region 40
– Trends, Drivers & Dynamics 43
– Unit builds forecast through 2019 44
– Key Decision Criteria 45
• WBA favored application, key technical requirements, key joining requirements, switching factors, barriers to entry, substitution threats
– Major Trends (relevant quotes from user respondents) 47
– In compliance bio-based material (cradle-to-grave regs.) 50
– Auto OEM assemblies conducive to WBA 51
– Long-term trends that favor adhesive applications 52
– End user cited WBA value propositions 53
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TABLE OF CONTENTS
– Major Trends: Medium- & Heavy-Duty Trucks 54
• Growth Forecast: Trailers, RV & Bus
• Vehicle redesign initiative
– Unmet needs in transportation sector 59
Assembly Operations sector in NA 63
– WBA as % of assembly demand 64
– Dominant applications & chemistries 65
– Trends, Drivers & Dynamics 68
– Key Decision Criteria 69
• WBA favored application, key technical requirements, key joining requirements, switching factors, barriers to entry, substitution threats
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TABLE OF CONTENTS
–Major Trends: SIPS 71
–Major Trends (relevant quotes from user respondents) 72
–Unmet needs in assembly operations 82
Paper, Board & Related Products and Flexible Packaging 76
– WBA as % of paper, board, related products demand 87
– Demand by sub-segment/resin type/region 88
– Dominant applications & chemistries 89
– Trends, Drivers & Dynamics 92
– Key Decision Criteria 93
• WBA favored application, key technical requirements, key joining requirements, switching factors, barriers to entry, substitution threats
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TABLE OF CONTENTS
– Corrugated production forecast correlated to WBA growth 95
– Dominant end use application (profile) 96
– Growth drivers in packaging (implications for WBA) 97
– Major Trends (relevant quotes from user respondents) 98
– Flexible packaging forecast through 2020 107
– Unmet needs in paper, board & related products 122
Woodworking & Joinery 124
– WBA as % of WW demand 125
– Demand by sub-segment/resin type/region 126
– Dominant applications & chemistries 127
– Trends, Drivers & Dynamics 129
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TABLE OF CONTENTS
– Key Decision Criteria 130
• WBA favored application, key technical requirements, key joining requirements, switching factors, barriers to entry, substitution threats
– WW Segments Forecast 132
– Major Trends (relevant quotes from user respondents) 135
– Unmet needs in WW 160
Building & Construction sector 163
– WBA as % of B&C demand 164
– Demand by sub-segment/resin type/region 165
– Chemistries in use by application 166
– Trends, Drivers & Dynamics 168
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TABLE OF CONTENTS
– Key Decision Criteria 169
• WBA favored application, key technical requirements, key joining requirements, switching factors, barriers to entry, substitution threats
– Growth drivers in B&C 171
– Major Trends (relevant quotes from user respondents) 173
– Unmet needs in B&C 180
Consumer & DIY segment 185
– WBA as % of Consumer/DIY demand 186
– Dominant applications & chemistries 187
Footwear & Leather 190
– WBA as % of footwear & leather demand 191
– Dominant applications & chemistries 192
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TABLE OF CONTENTS
Channels 195
Dispensing solutions & respondents’ perspectives 210
Glossary of Terms 218
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Research Scope
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Transportation
Paper & Board Products and Flexible Packaging
Building & Construction
Woodworking
Assembly Operations
Footwear & Leather
Consumer / DIY
Geographic Scope
Technology Scope
End Market Scope
Water-based Adhesives:• Acrylic• Bio-based/natural• Epoxy• PUD- polyurethane dispersion• PVA- poly vinyl acetate• SBR- carboxylated styrene
butadiene• VAA- vinyl acetate acrylic• VAE- vinyl acetate ethylene
Qualitative Interview CoverageA full breakdown of qualitative interviews is detailed below:
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Segment / Sub-Segment # Interviews Segment / Sub-Segment # Interviews
Paper Board & Related Products Channels to Market
Case & Carton 6 e-commerce 1
Envelope 2 Big Box Stores 1
Paper Converting 2 Warehouse Stores 1
Tobacco 2
12 3
Building & Construction Upstream Market Environment
Flooring 6 Trade Magazines 2
Carpet 6 Manufacturers of WBA 6
Mfg. & Modular Housing 6 Raw Material & Feedstock Suppliers for WBA 5
Equipment Suppliers for WBA 2
18 Distributors of WBA 3
Transportation 18
Auto and Light Truck 3
Bus & Truck 3
Trailer & RV 3
Rail 3
12
Woodworking
Furniture 4
Window & Door 4
Cabinet 4
12
Other Market Segments
Assembly Operations 12 91
Footwear & Leather 2
Consumer / DIY 2
16
Subtotal Upstream Market Environment
Interviews18
TOTAL Interviews
Subtotal Segment / Subsegment Interviews 70
Subtotal Channel Interviews 3
