Global High Strength Laminating Adhesives Market 2017-2021
About High Strength Laminating Adhesives
High strength laminating adhesives are used for bonding different materials. These adhesives are widely used in both dry lamination and wet lamination techniques. They are mainly designed to bond two different surfaces together and extensively used in leakage control of fluids or gases, diminishing weight, and vibration-dampening joints. The manufacturing of high strength laminating adhesives requires various chemicals, including polyurethanes, polyvinyl acetate, epoxy, styrenic block polymers, and ethylene vinyl acetate.
Technavio’s analysts forecast the global high strength laminating adhesives market to grow at a CAGR of 7.32% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global high strength laminating adhesives market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global High Strength Laminating Adhesives Market 2017-2021
Technavio recognizes the following companies as the key players in the global high strength laminating adhesives market: 3M, Ashland, H.B. Fuller, Henkel, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Avery Dennison, Bostik, Daubert, Franklin International, Mapei Construction Products India Pvt Ltd, and Royal Adhesives and Sealants.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is demand for bioadhesives. Bio-based products have shown promising prospects in the high strength laminating adhesives market. The market is driven by growing awareness regarding environment-friendly products in the construction, packaging, pharmaceutical, and automotive applications.”
According to the report, one driver in the market is high demand from emerging economies. APAC is the fastest growing market for high strength laminating adhesives. Rapid industrialization and economic development in India, China, and Japan are the key drivers fostering the market growth in the region. The countries of APAC have benefitted from macroeconomic policies such as those implemented to promote job creation, comprehensive growth, economic stability, and economic transformation, including efforts to increase the revenue earned by commodity-exporting countries.
Further, the report states that one challenge in the market is expected rise in prices of adhesives. The cost of high strength laminating adhesives is anticipated to increase due to the rebounding activities in downstream markets. The market is also affected by external demand drivers, which restricts the buyer's purchasing power. For instance, high strength laminating adhesives used for packaging of food or medical products must adhere to specific requirements.
3M, Ashland, H.B. Fuller, Henkel, and The Dow Chemical Company.Other Prominent Vendors in the market are: Avery Dennison, Bostik, Daubert, Franklin International, Mapei Construction Products India Pvt Ltd, and Royal Adhesives and Sealants.
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