Market Research Report
Laminating Adhesives Market - Growth, Trends, and Forecast (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||661250|
|Published||Content info||130 Pages
Delivery time: 2-3 business days
|Laminating Adhesives Market - Growth, Trends, and Forecast (2019 - 2024)|
|Published: April 1, 2019||Content info: 130 Pages||
The market for laminating adhesives is expected to register a CAGR of 5.65% during the forecast period (2019-2024). Major factors driving the market studied are the rapid growth in the flexible packaging industry and increasing demand for packed food. Growing concerns regarding plastic disposal is expected to hinder the growth of the market studied.
Rapid Growth of the Flexible Packaging Industry
Asia-Pacific Region to Dominate the Market
The Asia-Pacific region dominated the global market share in 2018. With growing manufacturing activities and the increasing need for flexible packaging in countries, such as China, India, and Japan, the usage of laminating adhesives is increasing in the region. China has the world's largest electronics production base. Electronic products, such as smartphones, OLED TVs, tablets, wires, cables, and others, have the highest growth in the electronics segment. With the increase in the disposable income of middle-class population, the demand for electronic products is projected to grow in the near future, thereby driving the laminating adhesives market in the near future. The aforementioned factors, coupled with government support, may contribute to the increasing demand for laminating adhesives consumption in the region during the forecast period. In addition, India's lucrative growth in industries, such as packaging, electronics, automotive, and construction, is likely to continue in the coming years, owing to the growing investments and supportive government policies. With growth of such industries, the laminating adhesives market holds great opportunity for growth in the region, during the forecast period.
The market for laminating adhesives is consolidated in nature, and is dominated by major players, including Henkel, Arkema, HB Fuller Company, Ashland, and 3M. The other major players include Sika AG, DuPont and Dow, Toyo-Morton, and Evonik Industries, among others.