Low VOC Adhesive Market Poised For Exponential Growth

Low VOC Adhesive Market Poised for Exponential Growth, Projected to Surpass $90 Billion by 2036, According to Research Neste

New York, Dec. 04, 2023 (GLOBE NEWSWIRE) — Projections indicate a robust CAGR of over 7.8% for the global low VOC adhesive market from 2024 to 2036. The market is set to reach a substantial revenue milestone of USD 90 billion by 2036, up from USD 55 billion in 2023.

This impressive growth is fueled by the rising demand for eco-friendly adhesives that align with sustainable practices, contributing to environmental protection by minimizing the release of harmful chemicals. The adoption of low-VOC adhesives is gaining traction for being environmentally and user-friendly.

Additionally, the construction industry is witnessing a surge in demand for these adhesives, driven by their versatile properties such as ease of use, high-temperature resistance, stability, flexibility, durability, and economic feasibility.

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Following a remarkable 8% growth in construction expenditure in 2021, the US engineering and construction sector entered 2022 with promising momentum. The industry’s trajectory has been influenced by stringent regulations on VOC emissions imposed by global authorities, including the U.S. Environmental Protection Agency (EPA) and the European Union.

Low VOC Adhesive Market revenue to surpass USD 90 Billion by 2036

In response to these environmental standards, various sectors have embraced the adoption of low VOC adhesives. Heightened consumer awareness regarding the impact of VOCs on indoor air quality and overall health has driven an increased demand for products featuring lower VOC content.

The Low VOC Adhesive Market is poised for significant growth in Asia Pacific, driven by increasing environmental regulations. The water-based adhesives segment is expected to experience the highest growth, while North America’s market is anticipated to exhibit the highest growth rate, reflecting robust demand and regulatory compliance.

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