360 MARKET UPDATES Report provides a 360-degree overview of the global Laminating Adhesives Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Laminating Adhesives Market – Segmented by Type, Application, and Geography – Growth, Trends and Forecast (2018 – 2023)”
Global “Laminating Adhesives Market” is expected to register a CAGR of approximately XX% during the forecast period of (2018 – 2023). Also, Laminating Adhesives Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Laminating Adhesives Analysis.
Laminating Adhesives market Report provides a 360-degree overview of the global Laminating Adhesives market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Laminating Adhesives Market Report Covers Leading Manufacturers: 3M, Arkema Group (Bostik SA), Ashland, Coim Group (Novacote), DIC India Limited, DowDuPont, Evonik Industries AG, H.B. Fuller Company, Henkel AG & Co. KGaA, Huachengchem, HuberGroup India, L.D. Davis Industries, Inc., Sika AG, Toyo-Morton, Ltd.
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The global laminating adhesives market is expected to register a moderate CAGR during the forecast period, 2018 to 2023. Europe region is estimated to be the fastest growing market owing to its rapid increase demand from the transportation and industrial sectors.Â Automotive segment is expected to be the dominant Application.
Increasing Demand for Packed Foods from Food & Beverage Industry
Laminating adhesives are widely used in the packaging industry, for manufacturing topcoat materials on packaging covers for various food & beverages. They help in restricting direct exposure of packaging materials to harsh environment that initiates degradation. The food and beverage industry is evolving rapidly with a variety of growing sectors adding to its developments, owing to consistently growing market for energy & sports drinks, tea, coffee, and bottled water, asÂ consumers are increasingly seeking healthier beverages to consume on the go. Additionally, with the changing consumersâ lifestyle and work-life balance, the demand for canned food and beverage from consumers are continually increasing, as canned food can be consumed easily (as they can be easily prepared). Moreover, the usage of laminating adhesives on packaging materials make them highly resistant to the entry of exterior gases and moisture, which keeps the food safe and durable for a longer time. Europe is the biggest market for canned fruit and vegetables in the world, representing more than 42% of total world imports. Major importing and consuming markets such as Germany, France, the United Kingdom and the Netherlands are expected to drive the growth for global laminating adhesives market. As a result of the aforementioned factors, the demand for laminating adhesives in the packed food & beverage segment is expected to increase, during the forecast period.
Automotive – The Dominant Application
Over the past few years, laminating adhesives have become a prime technology component of automotive applications, as they are continuously replacing traditional bonding or adhesion methods. Laminating adhesives are continuously replacing mechanical fasteners, as they possess superior bonding and joining properties, as compared to traditional methods, like nuts and screws. Laminating adhesives are used in lamination of interior panels, center consoles, door side paneling, columns, textiles (leather seats), interior decors, trunks, veneers, and bonding of plastic components. Recently developed, one-component water borne laminating adhesives are offering high cost efficiency, manufacturing efficiency, sustainability and significantly reduced waste generation when compared to the traditionally used two-component water borne laminating adhesives. The global automotive industry registered a growth rate of 2.6% in 2017 and reached a total of 97,302,534 vehicles. With the significant increase in vehicle production over the years, the demand for laminating adhesives in the automotive industry is also expected to rapidly increase.
Asia-Pacific Region to Lead the Market
The growing middle-class population, along with urbanization of Western China, has aided in increasing the demand and production of vehicles in the country. For instance, in 2017, 29.1 million vehicles were sold in China, an increase of 3.9% from 2016. Under the 13th five-year plan (2016-2020), the Chinese government is planning for infrastructure development of 30,000 km of railway lines and 30,000 km of expressways. Production of passenger vehicles (PV), and light commercial vehicles (LCV), growth rates of 6.6%, and 8.2%respectively in FY 2017 over FY 2016. The Japanese construction sector is growing rapidly, due to the increasing demand, triggered by a sudden rise in residential construction and projects related to the Tokyo Olympics 2020. The major long-term projects that the country is expected to witness, are the Maglev railway, upgrading highway networks, and a new rail link to Haneda Airport in Tokyo. Japan is a world leader in the production of video cameras, compact discs, computers, photocopiers, fax machines, cell phones, and other key computer components. Consumer electronics account for one third of Japans economic output.
Major Players: 3M, Arkema group, Henkel AG, and Sika AG, among others.
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Reasons to Purchase Laminating Adhesives Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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