According to the new research report "Laminating Adhesives Market by Type (Solventborne, Solventless, Waterborne & Others), by Application (Flexible Packaging, Industrial Applications, & Automotive Applications), by Region (North America, Europe, APAC, & ROW) - Global Forecast to 2019", the report analyzes the global laminating adhesive market with respect to market drivers, opportunities, and trends in different regions.
The laminating adhesive applications are significantly penetrating in their end-user industry markets. They have different characteristics as per their manufacturing and application requirements in the end products. The Asia-Pacific region is expected to dominate the global market with its growing demand for laminating adhesive in different application segments, especially the flexible packaging and the automotive applications. The Asia-Pacific market is estimated to grow in the next five years, with the allied industries expected to stabilize the overall business need in the respective regions.
R&D will be a key part of the laminating adhesive market as newer products with lesser cure time, lesser emissions, and higher bond strength can be the vital drivers of the market. Manufacturing companies, research associations, and end-product manufacturers need to infuse high investments for future advancements and technology modifications of laminating adhesive to match the new demands coming from various end-user industries.
Asia-Pacific is the largest region, both in terms of volume and value, followed by Europe and North America. India, China, Brazil, and Russia are expected to persist as successful markets. The key players in the global laminating adhesive market are Henkel (Germany), The Dow Chemical Company (U.S.), Bostik (France), H.B. Fuller (U.S.), 3M Company (U.S.), COIM Group (Italy), Ashland Inc. (U.S.), Comens New Materials (China), and Toyo-Morton, Ltd. (Japan).
The emerging Southeast Asian nations that host the global events related to chemical industry would supplement the growth of laminating adhesive market. An improved growth in industrial manufacturing, local end-user production, and increasing population in emerging economies will drive the consumption of laminating adhesive. Also, the key exporters besides the players in China to these countries, mainly the important global manufacturers, such as Henkel, H.B. Fuller and COIM Group have been expanding the capacity and technical support centers of laminating adhesive in the recent past. It depicts the rising demand from Southeast Asia as well as China and India in the Asia-Pacific region.
The laminating adhesive demand, in terms of value and volume, depicts the current and future projections, according to the parallel economic and industry outlook. This analysis covers important developments, expansions, agreements, and partnerships of the leading global companies.
The global laminating adhesive market was estimated to be is $1,357 million in 2013, and is projected to reach $2,242.7 million by 2019, growing at a CAGR of 8.8% between 2014 and 2019. The high demand across the industries, such as flexible packaging, industrial applications, and automotive applications will increase the overall laminating adhesive consumption.
