Laminating Adhesives Market to Profit Growing with Global Trends, Statistics, Size, Share, Regional Analysis by Key Players | MarketsandMarkets™
Verfasser: ashwani_kailiya on Monday, 1 November 2021The report "Laminating Adhesives Market by Technology (Solvent-based, Solventless, and Water-based), Resin (Polyurethane and Acrylic), End-Use Industry (Packaging, Industrial, and Automotive & Transportation), and Region - Global Forecast to 2024", is projected to grow from USD 2.6 billion in 2019 to USD 3.6 billion by 2024, at a CAGR of 6.9%, during the forecast period.
Market Dynamics
There is a huge demand for flexible packaging in the APAC region. This is mainly backed by the rising disposable income, changing lifestyle, and growing middle-class population. According to the National Bureau of Statistics of China, consumer goods retail sales reached USD 459.21 billion in December 2015; it witnessed a growth rate of 11.1% from 2014 to 2015. All these factors are driving the laminating adhesives market.
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