The laminating adhesives market size was USD 2,452 million in 2018 and is projected to register a CAGR of 6.9% between 2019 and 2024.
Download the PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=129921733
How is the growing trend of water-based & solvent-less adhesives creating an opportunity for market growth?
Stringent environmental regulations are playing a vital role in driving the water-based laminating adhesives market. The use of water-based laminating adhesives is increasing due to the growing concern regarding the generation of waste and emissions. Water-based laminating adhesives are also being used for high-performance laminations and one-part systems for outdoor applications in the automotive industry.
The growing interest in water-based laminating adhesives is expected to increase the demand for acrylic and maleic resins, which account for a major share of all water-based adhesives manufactured, globally.
In the chemical industry, there is a trend of developing eco-friendly products due to health-related and environmental issues. The US EPA, Europe’s REACH, and other regional regulatory authorities have mandated manufacturers to produce environmentally-friendly adhesives with low VOC levels. This has encouraged many adhesives manufacturers to develop products having low VOC emissions, less odor, and low or negligible/objectionable chemicals (for example, water-based adhesives) to meet the EH&S compliance.
Request for sample report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=129921733
Is the implementation of stringent regulatory policies challenging the market growth?
The chemical industry is facing challenges from regulatory authorities such as the Control of Substances Hazardous to Health (COSHH), the European Union (EU), Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), Globally Harmonized System (GHS), and the Environmental Protection Agency (EPA) in Europe and North America. Manufacturers in Europe and North America need to comply with these regulations regarding the production and usage of laminating adhesives in various applications to reduce VOC emissions. This has affected the production of the companies that are mainly into manufacturing laminating adhesives through solvent-based technology. In order to comply with these regulations, manufacturers are required to shift from solvent-based to water-based technology. This is a major challenge for the market players. Moreover, water-based technology has disadvantages such as higher production costs and higher drying time.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/laminating-adhesives-market-129921733.html