Global Waterborne Laminating Adhesives Market Size To Grow At A CAGR Of 4.0% In The Forecast Period Of 2023-2028
Waterborne Laminating Adhesives Market Report and Forecast 2023-2028
The ‘Global Waterborne Laminating Adhesives Market Trends, Share, Price, Size, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global waterborne laminating adhesives market, assessing the market based on its segments like applications and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Waterborne Laminating Adhesives Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 4.0%
Water-based or waterborne adhesives are typically made from natural polymers like vegetable resources, such as dextrins and starches, protein sources like casein, blood, and fish, and animal sources, such as bones and hides. They can also be made from soluble synthetic polymers like polyvinyl alcohol, cellulose ethers, and methylcellulose, among others. Such adhesives can be delivered as solutions or prepared as dry powders that need to be blended with water before applying.
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Waterborne laminating adhesives deliver numerous advantages like heat and chemical resistance as well as excellent strength and permeability. Their advantageous characteristics have bolstered their demand in the domestic and commercial sectors, hence driving the progress of the waterborne laminating adhesives market.
Owing to the rising concerns about waste and carbon emissions, there has been a growth in the usage of water-based laminating adhesives as they are considered environmentally friendly.
Water-based laminating adhesives are increasingly used in the manufacturing of automobiles due to their low VOC emissions, high performance, enhanced efficiency, and increased workability. Key players are also focusing to develop innovative and high-performance adhesives, which are likely to support the waterborne laminating adhesives market in the forecast period.
Waterborne Laminating Adhesives Industry Definition and Major Segments
Waterborne laminating adhesives include water as their agent that is consequently dried following the application. This leaves the active resin system on the coating to be attached to a secondary coating for making the lamination. Such adhesives are utilised in a range of film coating and foil and paper. Moreover, waterborne laminating adhesives are used in diverse end-use sectors, including commercial, industrial, and automotive, among others.
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Based on applications, the waterborne laminating adhesives market can be segmented into:
• Flexible Packaging
By regions, the market is divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Waterborne Laminating Adhesives Market Trends
Waterborne laminating adhesives are widely used in the food packaging sector. This can be credited to their several benefits properties such as low emissions and resistant to damage and heat. The flourishing food and beverage sector and the increasing demand for packaged food are further expanding the waterborne laminating adhesives market.
The rising demand for flexible packaging in the food and beverage sector is likely to bolster the demand for waterborne laminating adhesives.
The automotive sector is likely to account for a considerable share in the market due to the rising use of waterborne laminating adhesives to hold on to several distinct coatings. Such adhesives are easy to apply and flexible, hence their demand in the automotive sector is anticipated to increase in the forecast period.
The rising demand for malleable packaging and the robust growth of sectors like automotive and food packaging in the Asia Pacific region is anticipated to propel the progress of the market. Countries like China and India are witnessing fast economic growth, which is likely to bolster the demand for packaged goods and support the waterborne laminating adhesives market expansion in the forecast period.
Key Market Players
The major players in the global waterborne laminating adhesives market are:
• H.B. Fuller Company
• Dow Inc.
• Daubert Chemical Company
• Ashland Inc
• Arkema SA
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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