Asia-Pacific will Dominate the Laminating Adhesives Market
Asia-Pacific will have the largest share in the Laminating Adhesives Market owing to the growth of the food packaging industry in the forecast period. India and China are the largest regions in the market. The growth of the automotive and constructional activities in Asia --Pacific will also drive the demand for laminating adhesives. The emerging countries in Southeast Asia such as Indonesia, Malaysia, and Thailand host events related to the chemical industry. North America and Europe follow suit after Asia-Pacific.
Selected Regulatory Analysis Done in the Full Report:
The automotive applications segment will have a major share in the laminating adhesives market in the forecast period. Mechanical fasteners are being replaced by the laminating adhesives, since the latter has excellent bonding and joining properties. The laminating adhesives used to laminate centre consoles, interior panels, door side panelling, textiles, etc. The one component water borne laminating adhesive has been found to offer high cost efficiency, sustainability, and manufacturing efficiency. With the recent growth of the automotive industry, there has also been an increasing demand for the laminating adhesives.
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Selected Driving Factors Mentioned in the Full Report:
Growing industrialization in end user industries such as automotive will drive the demand for the laminate glue.
Development of bio raw material creates new opportunities for the self-adhesive laminate.
Growing awareness about eco-friendly adhesives bolsters the growth of the adhesive products.
Increasing demand for packaged foods will drive the growth of the laminating adhesives market in the forecast period.
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Key Players of the Laminating Adhesives Market:
The key players of the laminating adhesives market include Bostik, HB Fuller, and Henkel. Bostik produces laminating adhesives for medical packaging, food packaging and industrial applications. HB Fuller produces flexible packaging laminating adhesives for household, office, and kitchen furniture. FlextraQuietTM laminating adhesive, a water based adhesive technology which can reduce the noise levels in flexbile packaging produced with the IngeoTM polylactic acid based laminations. Henkel manufactures adhesives for flexible packaging. It produces adhesives that can deliver high standards of performance.
Browse Related Reports:
- Packaging Adhesives Market: By Formulation (Water Based, Solvent- less, Solvent Based, Hot Melt Based) By Type (Acrylics, Polyurethane, Polyvinylidene Chloride, Others) By Application (Flexible Packaging, Rigid Packaging, Paper & board Packaging & Others) By Component; By Geography (North America, Europe, APAC and Row) - Forecast(2018-2023)
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