According to the research report titled ‘Global Low VOC Adhesive Market Size study, by Technology {Water based, Hot-melt, Reactive and others}, by end-user industry {Construction & building, paper & packaging, woodworking, transportation, consumer, others}, by chemistry {PVA emulsion, PAE emulsion, VAE emulsion, EVA emulsion, Polyurethane, Epoxy, others} Regional Forecasts 2021-2027’, available with Market Study Report, global low VOC adhesive market was worth USD 48.4 billion in 2020 and is expected to register 6.4% CAGR over 2021-2027 to reach a valuation of USD 65 billion by the end of the projected timeframe.
 

Increasing product demand in infrastructure sector, low environmental impact of the product, advancements in water-based adhesives, and inclination towards light weight & low carbon emission vehicles are catalyzing the growth of global low VOC adhesive market.
 

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Additionally, surging demand for green and sustainable adhesives, growing technological advancements as well as rising preference for electric vehicles are fueling the industry expansion.
 

For the unversed, low VOC (volatile organic compound) adhesive is anorganic chemical that is adopted in various industries and households. It is solvent-based and is used in small quantities in various water-based paints and coatings.
 

Despite the positive outlook, stringent government policies & regulations, coupled with uncertainty in prices of raw material are restraining the growth of the business domain.
 

Based on technology type fragmentation of worldwide low VOC adhesive industry, water-based segment is expected to garner a remarkable growth rate over the forecast duration, owing to its flexibility, strength, and ease of use.
 

Moving on to end-user industry, paper & packaging segment currently accounts for major market share, owing to extensive product usage in cases & cartons, flexible packaging, and corrugated packaging.
 

Considering the regional landscape, Europe, China, Canada, and the U.S. combinedly captured USD 5 billion market share in 2020 and are slated to register momentous growth through 2027.
 

Speaking of the competitive terrain, Henkel AG & Co. KGaA, H.B. Fuller Company, Pidilite Industries Limited, Mapei S.p.A, ARDEX GmbH, PPG Industries, Inc., Ashland Global Specialty Chemicals, Inc., Bostik SA, Sika AG, and 3M Company are the prominent players in global low VOC adhesive market sphere.