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High strength laminating adhesives market forecast at Technavio predicts that the global high strength laminating adhesives market will grow at a CAGR of more than 7% by 2021. The rising demand from the automotive industry is identified as one of the primary factors for high strength laminating adhesives market growth. High strength laminating adhesives are extensively used in the automotive industry for both interior and exterior applications. The adhesives used in the interior applications are for bonding decorative components and to seal doors and windows. The exterior applications of these adhesives include side moldings and vinyl roofs. Additionally, these products are also used for repairing mechanical components, automobile ancillaries, and windshields and in resealing the vehicle's body. The rapid growth of the automotive industry due to the rising production and the increase in number of vehicle variants will propel the demand for high strength laminating adhesives in the coming years.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the high strength laminating adhesives market throughout the forecast period. This will mainly attribute to the rising demand for high strength laminating adhesives from the packaging, construction, furniture, automotive, and leather industries in countries such as India, China, Malaysia, South Korea, and Vietnam.
The high strength laminating adhesives market consists of regional and global vendors. The prominent vendors in the market serve several international and regional end-users. The vendors in the market mainly compete based on factors such as product performance, quality, price, supply assurance, and customer and technical assistance. To remain competitive in this global market, the vendors are increasingly focusing on expanding their geographical presence and enhancing their product portfolio.
The leading vendors in the market are -
The other prominent vendors in the market are Avery Dennison, Bostik, Daubert, Franklin International, Mapei Construction Products India Pvt Ltd, and Royal Adhesives and Sealants.
During 2016, the waterborne laminating adhesives accounted for the major shares of the high strength laminating adhesives market. The growing environmental concerns and the performance of these waterborne laminating adhesives will fuel the grwoth of this market segment. Moreover, the increasing demand for waterborne laminating adhesives in packaging and construction applications will also propel the growth of this market segment.
High strength laminating adhesives are increasingly used in flexible packaging, which includes several types of paper bonding applications such as the production of corrugated boxes and the lamination of printed sheets. Additionally, flexible packaging is also increasingly used for packaging food and beverages, healthcare products, cosmetics and toiletries, household products, and sporting goods. According to this market research report, the flexible packaging segment accounted for the major shares of the high strength laminating adhesives market during 2016.
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A thorough data collection methodology is followed by our market research reports for the chemicals and materials industry to offer an analysis of fast growing market segments like additives, adhesives, and sealants. This upcoming industry research report on the global high strength laminating adhesives market offers insights into the key trends and developing drivers influencing the growth of the additives, adhesives, and sealants industry.
To help the clients expand in niche markets and identify potential market opportunities, this report on the global high strength laminating adhesives market also covers geographies like North America, APAC, Europe, and ROW. This upcoming industry report on the global high strength laminating adhesives market also considers the growth of the similar markets such as the construction sealants market, which is expected to grow at a CAGR of around 6% by 2021. As per our market research experts, expansion of manufacturing bases across new geographies and industrial growth in the end-user industry may influence the demand for high strength laminating adhesives in the coming years.
This upcoming market research report on the global high strength laminating adhesives market also covers vendors like Bostik (France), H.B. Fuller (U.S.), 3M Company (U.S.), COIM Group (Italy), Henkel (Germany), and The Dow Chemical Company (U.S.). By considering the increasing demand, market forecast and market size, for various embedded systems, the market research professionals at Technavio offer a clear picture of the global high strength laminating adhesives market for the projected period of 2017 to 2021. Additionally, our research practices help clients to keep up with the constantly changing market landscape and develop operative growth strategies. Also, based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders this market study offers a complete analysis.
The upcoming market research report on the global high strength laminating adhesives market also classifies the major drivers, key trends, as well as the limitations that the additives, adhesives, and sealants sector currently experiences. It also presents insights into the rapidly altering competitive scenario to give clients a precise picture of the upcoming events within the chemicals and materials industry. Technavio also provides deep-dive market assessments into the sectors such as metals and minerals and industrial gases.
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