Waterborne Laminating Adhesives Market Outlook
According to the report by Expert Market Research (EMR), the global waterborne laminating adhesives market size is projected to grow at a CAGR of 4.0% between 2024 and 2032. The market is driven by increasing demand for eco-friendly adhesives in various sectors, including packaging, automotive, and construction.
Water-based laminating adhesives are formulated using water, polymers, and additives. They are commonly employed to join and unite various materials. Water-based adhesives are gaining traction as a sustainable and economical option compared to solvent-based adhesives.
These adhesives are widely used in laminating various substrates, including films, paper, and foils, in the packaging sector. The shift towards sustainable packaging solutions and stringent environmental regulations have significantly boosted the waterborne laminating adhesives market demand.
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The food packaging sector is witnessing a significant rise in the usage of water-based laminating adhesives. This can be attributed to their numerous advantageous qualities such as low emissions, heat resistance, and damage resistance. Furthermore, the rapid growth of the food and beverage sector, coupled with the increasing demand for packaged food, is expected to further enhance the market value of these adhesives.
As per the waterborne laminating adhesives market analysis, the market growth is primarily driven by the increasing awareness of environmental sustainability and the stringent regulations imposed by governments worldwide to reduce VOC emissions. The packaging sector, being one of the major consumers of these adhesives, is witnessing a shift towards eco-friendly packaging materials, further fuelling the market growth.
In addition to environmental concerns, the superior properties of waterborne laminating adhesives, such as high bond strength, flexibility, and resistance to heat and chemicals, make them ideal for various applications in the automotive and construction sectors. The rising demand for lightweight and fuel-efficient vehicles has led to an increased use of these adhesives in automotive manufacturing. Similarly, the construction sector utilises waterborne laminating adhesives for flooring, wall coverings, and insulation application, consequently driving up the waterborne laminating adhesives market share.
The Asia Pacific region holds a significant share of the global waterborne laminating adhesives market, attributed to the rapid industrialisation and growth of the packaging and automotive sectors in multiple countries such as China, India, and Japan. The increasing environmental consciousness and government initiatives to promote eco-friendly products are further propelling the market growth in this region.
North America and Europe are also key markets for waterborne laminating adhesives, driven by stringent environmental regulations and the growing demand for sustainable adhesive solutions. The presence of major automotive manufacturers and the rising adoption of lightweight materials in vehicle production in the region are contributing to the waterborne laminating adhesives market growth.
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Waterborne Laminating Adhesives Market Segmentation
The market can be divided based on the application and region.
Market Breakup by Application
- Industrial
- Flexible Packaging
- Automotive
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global waterborne laminating adhesives market. Some of the major players explored in the report by Expert Market Research are as follows:
- H.B. Fuller Company
- Dow Inc.
- Daubert Chemical Company
- Ashland Inc
- Arkema SA
- Others
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