Waterborne Laminating Adhesives Market Size, Share & Industry Analysis, By Application ( Flexible Packaging, Industrial Applications, Automotive Applications ) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Waterborne laminating adhesives provide superior chemical and heat protection, outstanding machine durability, dimensional stability, fantastic wettability, high final and initial strength properties, moderate slip and versatility for a wide range of machine speeds. Waterborne laminating adhesives are used for linking and connecting surfaces of various materials. Wet lamination technique is commonly used in numerous commercial and domestic applications. This is specially built to connect two separate surfaces together. Various chemical compositions of laminating adhesives include polyurethanes, epoxy, polyvinyl acetate, styrene block and ethylene vinyl acetate.
Water-borne laminating adhesives provide advantages such as high bond strength, less curing time, and lower emissions. The application is anticipated to widen the application in food packaging industry, which is projected to experience strong growth during the forecast era. However several issues from the regulatory agencies concerning the manufacture and implementation of waterborne laminating adhesives in various applications to minimize VOC emissions, which restricts market growth.
Market Segmentation:
Based on the application, the market is classified into flexible packaging, industrial applications, and automotive applications. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Market Driver -
Increasing application in packaging industries drives the market.
Key Market Restraint -
Uncertainties in prices of raw materials and high competition will restrict growth.
Key Players Covered:
The global waterborne laminating adhesives market is fairly fragmented, with number of players operating in the global markets. Some of the key players in the global waterborne laminating adhesives market includes The Dow Chemical Company, Ashland Inc., Huacheng, Huber Group, Kanuo, DIC Corporation, L.D. Davis, Toyo-Morton, Henkel, H.B. Fuller and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Global Waterborne Laminating Adhesives Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The global waterborne laminating adhesives market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the market for waterborne laminated adhesives. Owing to the growing demand from the packaging industry and the improvement of economic conditions. Product advances, strong research and development ventures and growing demand from various end-use industries have also boosted demand for water-borne laminating adhesives in these regions. North America has a large market share. There are strict policy regulations that have an effect on the development of the sector. Manufacturers in North America need to comply with these legislation concerning the manufacture and use of laminating adhesives in different applications to minimize VOC emissions. It has influenced the output of companies which are primarily engaged in the manufacture of laminated adhesives using solvent-based technology. Europe is seeing strong market growth. This is due to the increased awareness of the people and rise disposable income that has led to heavy investments in the packaging sector and hence driving the market growth of the waterborne laminating adhesives in the regin. The Middle East and the African region will be among the recent advances in regional industrial growth , particularly in the advancement of production facilities. Latin America shows sluggish growth due to the lack of manufacturing bases present in the region.
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Segmentation
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Global Waterborne Laminating Adhesives Market Industry Developments
- September 2017: H.B.Fuller, a leading global adhesives manufacturer, announced that it has purchased Royal Adhesives & Sealants, a leading manufacturer of high-quality specialty adhesives and sealants. This purchase was intended to improve H.B. Fuller's status as a world powerhouse in the adhesive industry
- Ongoing
- 2023
- 2019-2022
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