(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Aug 10, 2021, 04:18 /Comserve / -- This detailed analysis includes market size and forecasts, covering regional analysis, trends, opportunities and COVID-19 analysis. The analysis also includes key players with business strategies and key indicators that influence market growth.
The laminating adhesives market is projected to grow from USD 2.6 billion in 2019 to USD 3.6 billion by 2024, at a CAGR of 6.9%, between 2019 and 2024. The increasing urban population is a major factor for the rising demand for products such as medicines, beverages, FMCGs, and other consumer durables. However, stringent government regulations in the chemical industry are expected to hamper the growth of the market. Volatility in raw material prices is likely to affect the overall production cost of laminating adhesives adversely.
The solvent-based technology segment accounted for the largest share of the overall laminating adhesives market in 2018. These adhesives are used in a variety of packaging applications. The solvent-based laminating adhesives offer properties such as high bond strength, lower emission, and lesser cure time. The solvent-based segment is expected to grow on the backbone of the food packaging industry, which is anticipated to witness high growth during the forecast period.
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Laminating adhesives are preferred as a replacement for nuts & bolts and other conventional techniques owing to the lesser energy spent in the production of adhesives. Also, laminating adhesives provide more bonding strength than conventional techniques. Laminating adhesives are used in body panels, fenders, grille opening reinforcement (GOR), heat shields, headlamp reflectors, and pick up boxes in automotive. These will drive the demand for laminating adhesives.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in laminating adhesives market, and information was gathered from secondary research to determine and verify the market size of several segments and subsegments.
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• By Company Type: Tier 1 40%, Tier 2 30%, and Tier 3 30%
• By Designation: C Level 20%, D Level 30%, and Others 50%
• By Region: North America 40%, APAC 20%, Europe 20%, South America- 10%, and the Middle East & Africa 10%
Research Coverage:
This report provides detailed segmentation of the laminating adhesives market based on substrate, technology, resin type, application, and region. Technology is divided into solvent-based, solventless, water-based, and others. With respect to resin type, the laminating adhesives market has been segmented into polyurethane, acrylic, and others. Based on application, the market has been segmented into packaging, industrial, and automotive and transportation. Based on the region, the market has been segmented into the Asia Pacific, Europe, North America, South America, and the Middle East & Africa.
TABLE OF CONTENTS
1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.3 MARKET SCOPE 19
1.3.1 YEARS CONSIDERED FOR THE STUDY 20
1.4 CURRENCY 20
1.5 UNIT CONSIDERED 20
1.6 STAKEHOLDERS 20
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