Global Laminating Adhesives Market, 2014-2024
Laminating adhesives use for bonding the different materials substrates together strongly by the lamination process. These adhesives offer several benefits includes flame resistance, electrical insulation, heat resistance, thermoforming capability, chemical resistance increased or decreased gas permeability, excellent transparency, excellent wettability, high initial and final bond strength.
Laminating adhesives categories by different technology as, solvent-based, solvent-less, and water-based. These adhesives further classified by resin which are different chemical compositions based as, polyurethane, acrylic, polyester, epoxy, polyvinyl acetate, urethane, nylon, and vinyl acetate. Solvent-based adhesives are easy to apply on surface. These adhesives offer properties such as high bond strength, lower emission, and lesser cure time and mostly used for food packing. During the process harmful fumes of solvent adhesives can enter the packaged product and contaminate the material present inside, which turn to user towards the water-based laminating adhesives. The water-based laminating adhesives are costly and it consume more time for the drying process. The advanced 2k solvent based PU laminating adhesives are more environment friendly.
Laminating adhesives has wide area of applications in various industrial and domestic uses including pharmaceutical, food pouches, frozen food cartons, medical, agricultural containers, industrial, papers & graphics, instant photograph, and mold label.
The global laminating adhesives market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global laminating adhesives market is growing at a fast pace and increasing its geographical footprint rapidly. The global laminating adhesives market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.
The growth is comparatively higher in Asia Pacific region due to increases demand of laminating adhesives from various end user industries. The major growth driver for laminating adhesives market globally is huge consumption in food packing and automotive industry. Also, growing population increase the demand of laminating adhesives around the globe. In addition, the more opportunities available to make the environment friendly lamination adhesives which anticipated the key driver for market growth in forecasted period.
The stringent rules and regulation by Control of Substances Hazardous to Health (COSHH), the European Union (EU) and Environmental Protection Agency (EPA) regarding use of chemicals into laminating adhesives may the major impediments to the expansion of global laminating adhesives market.
Laminating adhesives enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of laminating adhesives market globally. The companies that lead global laminating adhesives market are Toyo-Morton Ltd., The Dow Chemical Company, 3M Company, COIM Group, Ashland, Inc., Bostik, H.B. Fuller, Comens New Materials, Vimasco Corporation, Flint Group, L.D. Davis, Bostik, Morchem, DIC Corporation, Henkel, Arkema Group, and Chemline India Ltd.
The research process includes the market segmentation of the global Laminating adhesives market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type:
Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)
Top level (40%), Operation level (20%), Mid-level (40%)
Contents of the report:
Insights on the global laminating adhesives industry dynamics.
Estimation of the present global laminating adhesives market size in terms of value and volume.
Global laminating adhesives market breakup based on type and application.
Verified global laminating adhesives market forecast for the next five years.
In depth analysis of the leading companies working across different nodes of global laminating adhesives industry value chain.
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