Automotive & Transportation Segment to Lead Laminating Adhesives Market through 2024
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.
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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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TechSci Research
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employing innovative research solutions and tracking global and country
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