Market Trends of High Strength Laminated Adhesives Industry
This section covers the major market trends shaping the High Strength Laminated Adhesives Market according to our research experts:
Packaging Industry to Dominate the Market
- Laminating adhesive products are used in stand-up pouches, wrappers, bags, films, primers, and ink binders.
- These products are formulated in order to meet the innovative needs in the flexible packaging industry. High-performance industrial laminating adhesives possesses multiple properties that can be customized to be used in a variety of applications ranging from solar films, sailcloth, flexible food-packaging applications that require high strength film to metal foil laminations.
- Moreover, these adhesives also offer a good wet ability and lower solvent residues that are suitable for high-solid, low viscosity, and high-speed dry composite processing technology.
- Hence, owing to the above-mentioned reasons, the packaging industry is likely to dominate the market studied during the forecast period.
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Asia-Pacific to Dominate the Market
- The high strength laminated adhesives market in Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
- Within the Asia-Pacific region, the markets in China and India are anticipated to witness maximum year-over-year growth, across the forecast period.
- One of the major reasons driving this growth is the increasingly shifting preference of Middle-class families and other busy consumers from these countries towards packaged foods due to their offering of high quality and fresh foods.
- Additionally, there has been increasing demand for high strength laminated adhesives from the southeast Asian countries in the recent past for usage in applications like packaging, industrial, etc.
- Hence, owing to the above-mentioned factors, Asia-Pacific is expected to dominate the market studied during the forecast period.
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