Low VOC Adhesives Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is predicted to account for largest revenue share of 33% by 2035. This region is an ideal market for lower VOC producers due to higher domestic demand, as well as the availability of cheap labour. In the Asia Pacific region, China has emerged as a market leader and India is projected to be the most rapidly developing market in terms of value.
North American Insights
The market in the North America region is expected to show notable growth during the forecasted period. The growth of the market can be attributed majorly to the growing demand for automobiles in the region. More and more people are shifting towards electric vehicles, owing to their fuel efficiency, which in turn will increase the demand for low VOC adhesives in the area, as they help in reducing the amount of dangerous chemicals emitted into the air. In order to minimize the use of chemicals during production, commercial vehicle manufacturers utilize low VOC adhesives which is proven as a vital boost in the region. Commercial vehicle production in the United States is anticipated to reach more than 7 million units by 2026.
