Laminating Adhesives Market Size and Growth Rate:
The Size of the global laminating adhesives market is
expected to grow from USD 2.5 billion in 2018 to USD 3.4 billion by 2023, at a
CAGR of 6.9% between 2018 and 2023.
Browse 101 Pages of
Research Report developed on Laminating Adhesives Market @ https://www.researchcosmos.com/reports/laminating-adhesives-market/1407590076
Laminating Adhesives Market Growth Drivers and Restraints:
Rising growth in end-user industries is expected to be the
major factor driving the global laminating adhesives market during the forecast
period. Heavy capital investment and high energy consumption are the factors
hampering the market. However, the development of technology to address energy
consumption is estimated to offer lucrative opportunities to the market. There
has been wide acceptance of laminating adhesives in different industries such
as packaging, industrial, and automotive & transportation.
Major key factors that drive the laminating adhesives market
in the automotive industry are the increasing demand for lightweight vehicles,
use of safe and high-quality products, and stringent regulations of environment
protection authorities. Laminating adhesives are used in body panels headlamp
reflectors, heat shields, which is driving the demand for laminating adhesives.
Laminating Adhesives Market Geographical Segmentation:
In terms of Geographically, Asia Pacific (APAC) is a
lucrative and emerging market for laminating adhesives, owing to industrial
development and improving economic conditions. The regional market is segmented
as India, South Korea, China, Japan, Malaysia, Thailand, and Rest of the APAC. This
region constitutes, approximately, 61% of the world’s population, resulting in
the growth of the manufacturing and processing sectors. The Asia Pacific is also
anticipated to dominate the global laminating adhesives market during the
forecast period due to the increase in demand for these adhesives in end-use
applications. The rise in demand for flexible packaging in the Asia Pacific
indicates the high market potential in the region, especially in China and
India.
The North American market is also expected to grow on account
of the expanding packaging industry with the growing demand for packaged food
and beverages. Moreover, improving automotive industry with the production of
electric vehicles to meet environmental regulations against carbon emissions is
demanded to drive market growth.The Latin American market is projected to
witness considerable growth due to the increasing automotive industry
especially in Brazil and Mexico, on account of increased spending on the
vehicles.
For Free Sample of
the Report @ https://www.researchcosmos.com/request/laminating-adhesives-market/1407590076
Key Players of the Laminating Adhesives Market:
Some of the major key manufacturers operating in the global
laminating adhesives market contain BASF SE, Henkel Corporation, The Dow
Chemical Company, Bostik, H.B. Fuller, Ashland, Inc., and Sun Chemical.
Laminating Adhesives Market Segmentation:
By Product Type:
·
Solvent-Based
·
Solvent-Free
·
Water-Based
·
Hot or Cold
By End User:
·
Medical Containers
·
Food Packaging
·
Industrial Packaging
By Region:
·
North America
·
South America
·
Europe
·
Asia Pacific
·
Middle East and Africa
Make an Inquiry
before buying @ https://www.researchcosmos.com/inquire/laminating-adhesives-market/1407590076
About Us:
Research
Cosmos is a provider of standard and customized market research, business
intelligence and consulting services across more than 100 domains in different
industries of the world. We host the trending market reports of the world’s
top-notch publishing companies, offering services to a wide range of customers
from students to fortune 500 companies and discloses the hidden opportunities
in every leading industry of the world.
Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos
No comments:
Post a Comment