Laminating Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The global laminating adhesives market size reached US$ 2.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2027, exhibiting a growth rate (CAGR) of 7.16% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Laminating adhesives are highly functional laminate composites used for joining, assembling and packaging material surfaces. They are commonly available in electron beam (EB), ultraviolet (UV), hot melt, solvent-based, solventless and water-based variants. These adhesives are manufactured using polyurethane, acrylic, polyester, epoxy, vinyl, aliphatic urethane, nylon and aromatic urethane resins. Laminating adhesives are used for packing snacks, meats, confectioneries, cheeses, agricultural chemicals and medical products. They exhibit various advantageous properties, such as high chemical and heat resistance, mechanical performance, transparency, wettability, bond strength and compatibility with other materials. As a result, they are widely used across industries, such as flexible packaging, automotive, transportation, manufacturing and construction.
Laminating Adhesives Market Trends:
The rising demand for flexible packaging solutions across industries is one of the key factors driving the growth of the market. With the increasing number of manufacturing units, food processing plants and industrial production setups, there is a shifting consumer preference toward laminating adhesives to secure flexible packaging materials. Moreover, widespread product adoption in the automotive industry is providing a thrust to the market growth. Lamination adhesives are used in the display modules, body panels, fenders, grill opening reinforcement (GOR), heat shields, headlamp reflectors and frames of the automobiles to protect the surface from the external environment and enhance the overall aesthetic appeal. These adhesives are also widely used in the place of nuts and bolts due to their lower cost of production and higher bonding strength. In line with this, the increasing demand for laminated pharmaceutical tablets, pouches, and medical devices is also contributing to the growth of the market. Additionally, the development of advanced water-based adhesives for natural and synthetic textiles, metallic films and plastics is creating a positive outlook for the market. Other factors, including the increasing consumer demand for packaged and ready-to-eat (RTE) food products, along with rapid industrialization, especially in the developing economies, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global laminating adhesives market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on resin, technology and application.
Breakup by Resin:
Breakup by Technology:
Breakup by Application:
Automotive and Transportation
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Ashland Global Specialty Chemicals Inc., Bostik SA (Arkema S.A), Coim Group, DIC Corporation, Dow Inc., DuPont de Nemours Inc., Evonik Industries AG, Flint Group, H.B. Fuller Company, Henkel AG & Co. KGaA, L.D. Davis Industries Inc., Sika AG and Vimasco Corporation.
Key Questions Answered in This Report:
How has the global laminating adhesives market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global laminating adhesives market?
What are the key regional markets?
What is the breakup of the market based on the resin?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global laminating adhesives market and who are the key players?
What is the degree of competition in the industry?
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