Laminating Adhesives Market Size- Global Demand, Covid-19 Analysis, Sales, Consumption and Forecasts to 2023

 

Top Players

·         LD Davis

·         3M

·         Vimasco Corporation

·         DowDuPont

·         Coim Group

·         Henkel AG & Co. KGaA

·         Bostik

·         Ashland

·         H.B. Fuller Company

·         Toyo-Morton Ltd

·         Flint Group

Segmentation

The Global Laminating Adhesives Market has been segmented by type, resin, application, and region.

Based on type, the market has been segmented into solvent-based, solvent free, water-based, hot melt, radiation curable, and others.

Based on resin, the market has been segmented into polyether urethane, polyester, polyester urethane, acrylic, and others.

Based on application, the market has been segmented into packaging, automotive interiors, construction materials, floor basecoat, electrical materials, and others. Packaging has been further sub-segmented into food, medical, and others.

The Laminating Adhesives Market has been studied with respect to five regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Regional Analysis

The Laminating Adhesives Market has been segmented, by region, into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Asia-Pacific accounted for the majority share of the laminating adhesives market in 2017; the regional market is likely to witness significant growth during the review period. This market growth can be attributed to the increasing demand for water-based laminating adhesives in expanding end-use industries such as packaging, automotive, and construction among others. Rising popularity of packaged food products with changing lifestyles and growing working population is propelling market growth. The revenue earned from packaged food products has increased by approximately 36% in the last five years in the region. Expanding pharmaceutical industry with increased spending on pharmaceuticals on account of increase in number of people suffering from diseases mainly cardiovascular due to improper diet and changing lifestyle is likely to add to the growth of the global laminating adhesives market. Additionally, growing preference for digital printing over traditional methods is likely to offer lucrative opportunities for growth to players operating in the global laminating adhesives market.

The market in North America is growing at healthy rate as a result of the growing pharmaceuticals and automotive industry. In addition, label manufacturers in the US are emphasizing the use of digital printing which is likely to bolster the market growth in the coming years. In September 2018, American Label Group, Inc. expanded its digital printing capacity by setting a high-speed HP Indigo 8000 digital press for the production of digitally printed pressure-sensitive labels.

The market in Europe is expected to witness significant growth during the review period with the growing packaging industry due to the increasing demand for eco-friendly and premium-quality products. Additionally, the growth of the pharmaceuticals industry with an increase in healthcare spending coupled with rising health awareness and per capita income is stimulating product demand.

The markets in Latin America and the Middle East & Africa are expected to grow as a result of the growing end-use industries such as packaging, automotive, and pharmaceuticals. In addition, expanding packaging industry in the regions on account of rising demand for packaged food products coupled with rising per capita disposable income is likely to drive the market growth during the forecast period.

Access Complete Report @ https://www.marketresearchfuture.com/reports/laminating-adhesives-market-7223

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