New York, According to a new market research report published by Global Insight Services “Laminating Adhesives Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Laminating adhesives are used in the lamination process to bond two or more materials together. The adhesive is applied to one or both surfaces to be laminated and then the two surfaces are brought together. The adhesive bonds the two surfaces together and forms a laminate.
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Key Trends
The key trends in laminating adhesives technology are:
1. Increased use of water-based adhesives: Water-based adhesives are becoming increasingly popular due to their lower cost and environmental impact.
2. Improved performance of acrylic-based adhesives: Acrylic-based adhesives are becoming increasingly popular due to their improved performance in terms of heat resistance and clarity.
3. Growing demand from Asia-Pacific: The Asia-Pacific region is expected to be the largest market for laminating adhesives, due to the growing demand from the packaging, label, and graphic arts industries in China, India, and Japan.
Key Drivers
The key drivers of the laminating adhesives market are the increasing demand for lamination in the packaging industry, the growing popularity of flexible packaging, and the increasing use of laminating adhesives in the food and beverage industry.
The packaging industry is one of the major end-users of laminating adhesives. Lamination is widely used in the packaging of food, beverages, and pharmaceuticals. Flexible packaging is gaining popularity due to its benefits such as lightweight, easy to handle, and cost-effectiveness.
The food and beverage industry is another major end-user of laminating adhesives. Laminating adhesives are used in the packaging of food and beverage products such as dairy products, meat, and seafood.
Market Segments
The laminating adhesives market is segmented by technology, end-use, and region. By technology, the market is classified into water-based, solvent-based, and others. On the basis of end-use, it is bifurcated into packaging, industrial, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global laminating adhesives market includes players such as 3M, Arkema , Ashland, Coim Group, DIC Corporation, Dowdupont, H.B.Fuller, Henkel AG , L.D.Davis, Vimasco Corporation, and others.
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Reasons to buy Laminating Adhesives Market Report :
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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