Laminating Adhesive Market Expected to Reach $2,242.7 Million by 2019 - Report by MarketsandMarkets
(PRWEB) November 28, 2014 -- The report about "Laminating Adhesives Market by Type, Application and by Region - Global Forecast to 2019" analyzes the global market with respect to market drivers, opportunities, and trends in different regions.
Browse 88 Market Data Tables and 40 Figures spread through 212 Slides and in-depth TOC on "Laminating Adhesives Market - Global Forecast to 2019".
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The laminating adhesive market is driven by the important global players and their product qualities in the key growth markets. Asia-Pacific is the largest market, followed by the European and North American regions. Leading market players have backward integrated their value chains so as to reduce the impact of external environment on product economics. Also, the leading players are expected to expand their businesses by infusing the growth strategies to sustain such high demand-oriented market.
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Henkel (Germany), The Dow Chemical Company (U.S.), Bostik (France), H.B. Fuller (U.S.), 3M Company (U.S.), COIM Group (Italy), Ashland Inc. (U.S.), Comens New Materials (China), and Toyo-Morton, Ltd. (Japan) are the important manufacturers of laminating adhesive at the global level. Henkel, The Dow Chemical Company, and H.B. Fuller have been the most active players from 2009 to 2014 (up to June), in terms of developments in the laminating adhesive industry. In terms of market activities, new product development was the most preferred development strategy. Most of the developments were seen in 2013 in the North American region. It is expected that the players will have to create joint ventures or partnerships with the end-users to cope up with high demand and tight supply in the industry.
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Though the global players have the laminating adhesive sufficient production capacities, they are constantly expanding the capacities to fulfill the increased demand globally. Recently, a U.S. based leading printing inks and pigments company, Dic Group, and its member company Sun Chemical entered in the laminating adhesive market to bank on the opportunity of the increasing end-user demand. Also, Henkel and DaniMer formed an alliance to deliver bio-based hot-melt adhesives for greener and eco-friendly packaging.
In the Asia-Pacific region, companies like Henkel, H.B. Fuller, and Coim Group made expansions to strengthen their global business developments by targeting growth markets in the developing countries. COIM Group opened a system house in India to engage in sales and for market development of the COIM Group in India.
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The report categorizes laminating adhesive into different applications. These are flexible packaging, industrial applications, and automotive applications. The flexible packaging segment is a potential high growth application segment that covers (Food, Pharmaceutical, and Consumer durables). Solvent-borne laminating adhesives are largely used in different applications, such as retortable pouches and lidding, concentrated chemical storage, and agricultural bags due to their high bonding strength and varied properties. Its market is estimated to grow at a CAGR of 6.6% between 2014 and 2019, in terms of volume. The Asia-Pacific region, with an estimated CAGR of 9.0% between 2014 and 2019, is the fastest growing market for laminating adhesive in terms of volume.
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