Market Size of Asia-Pacific Laminated Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Laminated Adhesives Market Analysis
The Asia-Pacific laminated adhesives market is estimated to register a CAGR of over 6% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic. Many industrial, building & construction, food & beverages, automobile, and packaging operations were shut down during the first half of the pandemic, resulting in a slowdown for the laminated adhesives market. The market is projected to grow steadily as packaging, building, construction, and automotive production observed growth in 2021.
- The growing population of the middle class in the Asia-Pacific region favors higher consumption of packaged food from the food & beverage industry, resulting in higher demand for laminated adhesives.
- However, concerns about the overall environment, health and safety aspects associated with laminated adhesives serve as deterrents to market growth.
- Nevertheless, with China and India emerging as the hub of packaging, construction, and automobile industries, the market is expected to grow prominently in the Asia-Pacific region.
