The Laminating Adhesives Market is expected to grow at > 7.0% during 2020-2025, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Laminating Adhesives Market
Laminating Adhesives Market is likely to witness an impressive CAGR of 7.0% during the forecast period. Increasing demand from end-use industries including packaging, industrial, and automotive & transportation with technical advancement in the product is the major factor that is contributing to the demand for laminating adhesives.
Asia-Pacific is estimated to remain the largest market during the forecast period. Significant growth in flexible packaging’s demand in Asia-Pacific with the changing lifestyle, growing middle-class population, and rising disposable income are expected to fuel the demand for laminating adhesives in the region.
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Market Scope & Market Segmentation
Laminating Adhesives Market Share: By Technology Type
Based on the technology type, the market is segmented as solvent-based, water-based, solventless, and others. Water-based laminating adhesive dominated the market in 2019, and is expected to remain dominant during the forecast period. Due to increasing concern on VOC emission from solvent-based laminating adhesives, water-based products are more preferred. Furthermore, water-based laminating adhesives are compatible with a wide range of substrates such as plastics, metallic films, natural and synthetic textiles, etc.
Laminating Adhesives Market Share: By Resin Type
Based on the resin type, the laminating adhesives market is segmented as polyurethane, acrylic, and others. Polyurethane-based laminating adhesives account for the largest share as they offer excellent adhesion with plastics, textile, metal, rubber, leather, paper, wood, etc. They also offer good resistance to solvents and chemicals while providing excellent performance on heat-sensitive substrates.
Laminating Adhesives Market Share: By End-Use Industry Type
Based on the end-use industry type, the laminating adhesives market is segmented as packaging, industrial, and automotive & transportation. Packaging accounted for the largest share of the market in 2019. The packaging industry has been witnessing the transition from rigid packaging to flexible packaging due to the latter’s advantages such as light weight, easy handling & transportation, longer shelf life, and smooth printability. As laminating adhesives are used in flexible packaging extensively; this development is expected to propel the laminating adhesives market.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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