Growing demand for customer-friendly packaging, increasing demand from end-users to boost global laminating adhesives market through 2024
According to a report released at TechSci Research, ‘Global Laminating Adhesives Market By Resin, By Technology, By End-User, By Region, Competition, Forecast & Opportunities, 2024’, the global laminating adhesives market is anticipated to witness healthy growth, during the forecast period on account of growing demand for customer friendly packaging and increasing use of laminating adhesives in various end user industries. However, volatility in raw material prices may act as challenge for the growth of the market. Laminating adhesives are basically a package or container made of flexible or easily yielding materials that, when closed or filled, can be readily changed in shape. The market for laminating adhesives is driven by the growth of end-user industries like industrial, packaging and automotive & transportation.
Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on “Global Laminating Adhesives Market“
Among end users, automotive & transportation segment is anticipated to be the fastest-growing end-use industry in global laminating adhesives market during the forecast period. Markedly, the laminating adhesives is a preferred replacement for nuts & bolts as well as other conventional techniques due to the lesser energy spent in the production of adhesives. Further, laminating adhesives provide more bonding strength than the conventional techniques. Other factors that are driving the demand for laminating adhesives market in the automotive industry are the increasing inclination towards lightweight vehicles, use of safe and high-quality products and strict regulations of environment protection authorities. Moreover, laminating adhesives are used in fenders, body panels, grille opening reinforcement (GOR), heat shields, pick-up box in automotives, which is further propeling their demand.
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“Global laminating adhesives market is categorized into resin, technology, end-user and region. Based on resin, the market is segmented as acrylic, polyurethane (PU) and others), wherein the PU segment is expected to account for a significant share of the laminating adhesives market during the forecast period. Further, considering the regional distribution, North America is the largest regional market, holding a majority share in laminating adhesives market. The region is anticipated to continue its dominance during the forecast period as well.” stated Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Laminating Adhesives Market By Resin, By Technology, By End-User, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global laminating adhesives market.
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