Laminating Adhesives Market to Witness Exponential Growth by 2020
Based on the different technology, the laminating adhesive the market can be broadly categorized in four different market segments namely; water-borne, solvent-borne, reactive, and hot melt. On the basis of different applications of the laminating adhesive, the market can be segmented as pressure sensitive adhesives, packaging, building & construction, automotive, woodwork & furniture, footwear, and others.
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The increasing demand of low volatile organic compound (Voc) and environmentally sustainable adhesives are some of the predominant driver of the global laminating adhesive market. Moreover the major end user market of laminating adhesive such as automobiles construction, woodworking, transportation, footwear, and packaging has witnessed a healthy growth over the last few years which in turn driving the growth of the global laminating adhesive market
Instability in raw material prices of the laminating adhesive coupled with stringent environmental regulations by EPA (environment protection agency) and REACH (registration, evaluation, authorization, and restriction of chemicals) in Europe and North America is acting as challenge for laminating adhesive market in this region.
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Asia Pacific is the largest producer and consumer of laminating adhesive, followed by Europe and North America. North American market of laminating adhesive is heading towards maturity and the growth is mainly anticipated from the emerging market of Asia Pacific and Latin America. India and China are the two biggest market of laminating adhesive in Asia Pacific. Brazil is one of the fasted growing market laminating adhesive in Latin America region.
Some of the major companies operating in global laminating adhesives market include, Ashland Inc, BASF SE, Bostik SA, Dymax Corporation, Henkel AG & Company, Sika AG, The Dow Chemical Company, ADCO Global Inc. and Henkel AG & Company,
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