Laminating Adhesives Market is Anticipated to Gain Moderate CAGR by 2027
Stratview Research delivers key insights on the global Laminating Adhesives Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Laminating Adhesives Market:
Arkema S.A.
Ashland Inc.
COIM Group
DIC Corporation
DowDuPont Inc.
Flint Group
H.B. Fuller Company
Henkel AG & Co. KGaA
The 3M Company
Vimasco Corporation
Others.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Laminating Adhesives Market value and growth drivers over the trend period of 2022-27. According to the report -
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.
Segment Analysis:
Based on 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.
Based on Region:
In terms of regions, 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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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Laminating Adhesives Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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