Market Trends of Asia-Pacific Waterborne Adhesives Industry
This section covers the major market trends shaping the APAC Waterborne Adhesives Market according to our research experts:
Packaging Industry is likely to Witness the Highest Growth Rate
- Packaging is a rapidly growing industry with respect to waterborne adhesives as they are nonreactive and safer as compared to other types of adhesives.
- Waterborne adhesives are cost-effective, non-reactive, and quick hardening as compared to previous adhesive technology.
- Thus, the use of waterborne adhesives in packaging materials is seen as a technologically upward trend in the Asia-Pacific region.
- Also the use of waterborne adhesives is seen as an eco-friendly step among the manufacturers.
- Hence, owing to the above-mentioned reasons, packaging industry is likely to witness the highest growth rate during the forecast period.
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China to Dominate the Market Studied
- China accounts for the major market share for the Asia-Pacific waterborne adhesives market owing to the high demand from packaging and building & construction industries.
- Rapid urbanisation and population growth of the country has propelled infrastructure and construction activities in this region, which, in turn, has boosted the demand fro waterborne adhesives in the country.
- Additionally, the growing demand from the packaging industry is also driving the demand for waterborne adhesives in the country.
- Hence, owing to the above-mentioned reasons, China is expected to dominate the market studied during the forecast period.
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