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Laminating Adhesives Market to Receive Overwhelming Hike in Revenues 2021-2031 | 3M, Arkema , Ashland, Coim Group
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Key Trends
The key trends in laminating adhesives technology are:
1. Increased use of water-based adhesives: Water-based adhesives are becoming increasingly popular due to their lower cost and environmental impact.
2. Improved performance of acrylic-based adhesives: Acrylic-based adhesives are becoming increasingly popular due to their improved performance in terms of heat resistance and clarity.
3. Growing demand from Asia-Pacific: The Asia-Pacific region is expected to be the largest market for laminating adhesives, due to the growing demand from the packaging, label, and graphic arts industries in China, India, and Japan.
4. Increased focus on sustainability: There is an increased focus on sustainability in the laminating adhesives industry, due to the growing awareness of the environmental impact of solvent-based adhesives.
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Key Drivers
The key drivers of the laminating adhesives market are the increasing demand for lamination in the packaging industry, the growing popularity of flexible packaging, and the increasing use of laminating adhesives in the food and beverage industry.
The packaging industry is one of the major end-users of laminating adhesives. Lamination is widely used in the packaging of food, beverages, and pharmaceuticals. Flexible packaging is gaining popularity due to its benefits such as lightweight, easy to handle, and cost-effectiveness.
The food and beverage industry is another major end-user of laminating adhesives. Laminating adhesives are used in the packaging of food and beverage products such as dairy products, meat, and seafood.
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Market Segments
The laminating adhesives market is segmented by technology, end-use, and region. By technology, the market is classified into water-based, solvent-based, and others. On the basis of end-use, it is bifurcated into packaging, industrial, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global laminating adhesives market includes players such as 3M, Arkema , Ashland, Coim Group, DIC Corporation, Dowdupont, H.B.Fuller, Henkel AG , L.D.Davis, Vimasco Corporation, and others.
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