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2020-09-01
680
Global
Laminating Adhesives Market :- In industries, laminating protects the product by enhancing its durability, lasts longer, flexible or rigid and its aesthetics. Various industries are using laminating adhesives for joining and assembling different materials surface such as foil and paper, film on film, film on foil for flexible packaging. Packaging industry is majorly using the laminating adhesive. Polyurethanes, polyvinyl acetate, epoxy, styrenic block, and ethylene vinyl acetate are major chemical compositions of laminating adhesive. Polyurethanes has varied applications other than laminating adhesive, thus it is readily available for the manufacturing adhesive. Laminating adhesive reduces the product weight, controls leakage of fluid or gases and seals the joints. Henkel has developed a cure for food and beverages industry using laminating adhesive that complies with the health safety regulations providing safe packaging of food. Thus, continuous development in the laminating adhesive provides scope to its manufacturers towards growth and profits.
Supply of raw materials, innovations in the composition of laminating adhesive, growth in related industries are some factors impacting the growth of global laminating adhesives market.
On the basis of product type, solventless laminating adhesives acquired the largest market share of 28.7% in 2017 of the global laminating adhesive market. Solventless laminating adhesive have comparatively lighter weight and superior tension control, thus being economical, energy efficient and has scope for its development into superior quality, which is expected to take over the market share of solvent based laminating adhesive. Application of laminating adhesive in healthcare industry is growing at fast rate of 6.1% annually and by 2030 it is expected to increase its market share by 3.8% of the total laminating adhesive market.
Based on geography, Asia-Pacific region accounted for largest market share of 36.2% in 2017 of the global laminating adhesive market. The growth of allied industries such as packaging industry in APAC region is pushing the laminating adhesives demand, and APAC packaging industry is growing at a rate of 5.72% annually. Latin America has opportunities for the growth of laminating adhesive market on the back of growing chemical industry that provides raw material for manufacturing adhesives.
With the advance developments, there is a trend of commercial use of low-migration UV curable laminating adhesive, specifically in the packaging industry. This is ideal for opaque substrates and keeps the food and beverage safe. Such developments are contributing towards the immense growth of global laminating adhesive market.
The growth in allied industries using laminating adhesive such as automobile industry, woodwork and furniture industry, construction industry and packaging is driving the growth of global laminating adhesive market. Laminating adhesive is important part of operations in these end-user markets, like plastic housing and component assembly, lens bonding, plastic housing and component assembly.
The government regulations for raw materials used in manufacturing of laminating adhesive and their fluctuating prices are the major challenges for the manufacturers of laminating adhesive. There is rising pressure for the use of bio-based raw material in order to achieve sustainability that hurdles the manufacturing operations.
The report covers the present ground scenario and the future growth prospects of the laminating adhesives market for 2017-2030 along with the global sales and global revenue of laminating adhesive. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. We have forecast the market on the basis of manufacturers, suppliers and distributors, raw material suppliers.
Laminating adhesives market report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the laminating adhesive market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global laminating adhesive market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Laminating Adhesives Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Global Laminating adhesives market report comprises of the following companies as the key players in the Laminating adhesive market:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
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