Waterborne Laminating Adhesives Market Waterborne Laminating Adhesives Market

The global waterborne laminating adhesives market size is expected to spike during the forecast period. Its beneficial properties have led to the growing demand from domestic and commercial applications, which, in turn, can propel market growth.

Waterborne laminating adhesives are adhesive solutions that provide several benefits such as, heat and chemical protection, dimensional stability, initial and high final strength, versatility, durability, dimensional stability, and wettability for a diverse range of machine speeds. It is used to link and connect all types of metal. As a result, the adhesive's demand in the domestic and commercial sectors is expected to grow. Waterborne laminating adhesives are specifically built for joining surfaces of various materials together. Thus, this factor can escalate the market growth in the foreseeable period.

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Segments

By application, the market is segmented into industrial applications, flexible packaging, and automotive applications. Geographically, it is clubbed into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.

Highlights of the Report

The report analyzes the top segments and the latest market trends.
It conducts a comprehensive analysis of the driving and restraining factors and the impact of COVID-19 on the global market.
This report examines the strategies implemented by the market's key players and the regional developments.
Driving and Restraints

Increasing Applications in Food Packaging Industries to Boost Market Growth

Waterborne laminating adhesives are used extensively in the food packaging industry because of the benefits of the products, such as less curing time, low emissions, and less curing time. It provides excellent protection to the packaged goods because of its excellent resistance against damages. Waterborne laminating adhesives are used in bottle labels, snack food boil-bag packaging, and other applications because of their excellent properties. In addition, waterborne laminating adhesives are used in the automotive sectors to fix airbags, car doors, glove boxes, instrument panels, and other materials. Thus, this factor is likely to bolster the waterborne laminating adhesives market growth.

However, the fluctuating prices of raw materials and strong competition are expected to hamper the market growth.

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Regional Insights

Rising Economic Development to Foster Market Growth in Asia Pacific

Asia Pacific is projected to dominate the waterborne laminating adhesives market share because of the economic development in the emerging economies. In addition, the research and development, product advances, growing demand, and development from end-user industries are expected to bolster the market growth.

In Europe, the rising awareness regarding waterborne laminating adhesives and the increasing per-capita income have led to significant investment in the packaging sector, which can bolster market growth.

In the Middle East & Africa, the advancement in production technologies is expected to bolster the market growth.

Competitive Landscape

Incorporation of Advanced Production Technologies to Enhance Brand Position

The prominent companies operating in the market have incorporated advanced production technologies to enhance their workflow efficiency. It enables the companies to enhance the waterborne laminating adhesive's quality and help them to meet their goals. Furthermore, the launch of novel products can enhance the competitive player's product portfolio. Further, heavy investments in the research and development of products can attract a huge customer base and improve the ranking of competitive players. In addition, the incorporation of expansion strategies can help companies to enhance their reach in the market.

Industry Development

September 2017: B. Fuller announced its acquisition of Royal Adhesives and Sealants to enhance the company's global status as a leading manufacturer in the adhesive industry.
List of Key Players Profiled in the Waterborne Laminating Adhesive Market Report

The Dow Chemical Company
Ashland Inc.
Huacheng
Huber Group
Kanuo
DIC Corporation
D. Davis
Toyo Morton
Henkel
B. Fueller
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This release was published on openPR.