The report titled “Laminating Adhesive Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global laminating adhesive market in terms of market segmentation by type, by application, by end user and by region.

The global laminating adhesive market is segmented into application such as flexible packaging, industrial applications and others. Among these segments, laminating adhesive in flexible packaging segment is expected to occupy top position in overall laminating adhesive market during the forecast period.

Further, growth of packaging industry across the globe is envisioned to bolster the growth of the flexible packaging laminating adhesive market. Moreover, wide scale application of laminating adhesive in food and pharmaceutical packaging industry is anticipated to fuel the growth of the flexible packaging laminating adhesive market. Further, laminating adhesive for flexible packaging market is sub segmented into food packaging and medical packaging.

In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.

On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.

Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.

Global laminating adhesive market is expected to flourish at a significant CAGR of 6.8% during the forecast period. Moreover, the global laminating adhesive market was held at USD 1,653.0 Million in 2016. Technological innovations and development of new laminating adhesive products is expected to strengthen the growth of laminating adhesive market in the upcoming years. Further, increasing number of end use manufacturing bases is anticipated to drive the growth of the market of laminating adhesive market.

Download Sample of This Strategic Report @ https://www.researchnester.com/sample-request-417

Asia Pacific dominated the overall laminating adhesive market and is expected to continue its dominance over the forecast period. Increasing demand and sale of automotive vehicles in the region is anticipated to the dynamic factor behind the growth of the laminating adhesives market in the region. Further, increasing demand from food packaging industry is anticipated to trigger the growth of the laminating adhesive market. Countries such as China, India, Japan and South Korea are witnessing the augmented demand for laminating adhesives. Europe is anticipated to account for second position in global laminating adhesive market by the end of 2024.

Rising Production of Automotive Vehicles

Increasing demand and production of automotive vehicles across the globe is anticipated to spur the growth of the laminating adhesive market. Moreover, increasing utilization of automotive adhesives such as lamination of fiber glass, interior dash board, door panels, seats, lamination of composites and other parts are believed to trigger the growth of laminating adhesive market during the forecast period.

Product Development and Technology Innovations

Advances in technology and development of advanced laminating adhesives offering higher bond strength are anticipated to drive the growth of the laminating adhesive market during the forecast period. Similarly, other development such as bio raw material coupled with reduction in the price is anticipated to propel the growth of the global laminating adhesive market.

However, stringent government regulations and increasing environmental concerns are some of the factors which might dampen the growth of laminating adhesive market during the forecast period.

Request a Sample Copy of Concerned Market Report @ 

https://www.researchnester.com/sample-request-417

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the global laminating adhesive market which includes company profiling of The Dow Chemical Company, 3M Company, Henkel, Ashland Inc., H.B. Fuller, Comens New Materials, Toyo-Morton, Ltd., Bostik, COIM Group and Huber Group. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global laminating adhesive market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Curious about this latest version of report? Obtain Report Details @ https://www.researchnester.com/reports/laminating-adhesive-market-global-demand-analysis-opportunity-outlook-2024/417

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Contact Us

AJ Daniel
Email: [email protected]
U.S. Phone: [+1 646 586 9123]
U.K. Phone: [+44 203 608 591]