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(IT-NEWSWIRE.COM, September 02, 2019 ) Market Overview
• Laminating Adhesives creates a bonding of a plastic film on the surface of a substrate by using heat and pressure to protect or improve the appearance of the object. They have various properties such as flame resistance, optical clarity, thermoforming ability, and resistance from the heat and chemical substances which leads to an increase in demand from different end-user industries.
Drivers and Restraints
• The growth in the Laminating Adhesives is mainly due to the growing flexible packaging industry in Asia-Pacific, and increasing demand for packed foods from the food & beverage industry.
• Flexible packaging is experiencing a steady growth reaching a total of 682 billion packs in 2018. China is the primary consumer of flexible packaging throughout 2014-18, while India will register the highest CAGR of around 8%. Domestic growth in the Indian flexible packaging industry is stimulated by rising international demand for Indian-made flexible packaging and packed final goods due to its low manufacturing cost base.
Market Segmentation
• The Asia-Pacific Laminating Adhesives market is segmented by type into Solvent-Based, Water-Based, and Solventless. Waterborne laminating adhesives are growing at the highest growth rate over the forecast period.
• Waterborne laminating adhesives are commonly manufactured from naturally occurring materials, such as sodium silicates, dextrin’s, and natural rubber, hence they are becoming more popular mainly due to governmental pressure for laminating converters to reduce VOCs.
• By application, the market is segmented into flexible packaging, industrial applications, automotive applications, and others. Among these, flexible packaging is one of the critical adhesive solutions commonly used for food packaging as laminating adhesive is more cost effective and time utilizing process as compared to other adhesive processes.
Regional Share
The Asia-Pacific laminating adhesives market is segmented on geography into
• China,
• India,
• Japan,
• South Korea,
• and Rest of Asia-Pacific.
Competitive landscape
Critical players in Asia-Pacific Laminating Adhesives Market are
• Dymax Corporation,
• Henkel AG & Company,
• Others.
View full report: https://www.datamintelligence.com/research-report/asia-pacific-laminating-adhesives-market
Download free sample: https://www.datamintelligence.com/download-sample/asia-pacific-laminating-adhesives-market.
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