Laminating Adhesives Market
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PUBLISHED: 2022 ID: SMRC18618
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Laminating Adhesives Market Forecasts to 2028 – Global Analysis By Type (Dry Lamination, Wet Lamination), Resin (Epoxy, Acrylic, Polyester), Adhesive (Silicone, Ethylene) and By Geography

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4.5 (50 reviews)
Published: 2022 ID: SMRC18618

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Laminating Adhesives Market is accounted for $2.90 billion in 2021 and is expected to reach $5.27 billion by 2028 growing at a CAGR of 8.9% during the forecast period. Laminating Adhesives are used for joining and gathering of various material surfaces. It is specially designed to append or fix two distinct surfaces together. It is generally applicable in minimizing weight, vibration-dampening joint and spillage control of liquids or gases. It has its application in different industrial and domestic uses.

Market Dynamics:

Driver:

Rising demand for low volatile organic compounds


The increasing demand of low volatile organic compounds and environmentally sustainable adhesives are some of the predominant driver of the global laminating adhesive market. Moreover, the major end user market of laminating adhesive such as automobiles construction, woodworking, transportation, footwear, and packaging has witnessed a healthy growth over the last few years which in turn driving the growth of the global laminating adhesive market.

Restraint:

Performance limitations of water-based adhesives


The drying and curing of water-based adhesives require more time than that taken by solvent-based adhesives. In addition, water-based adhesives have flow properties that change with humidity, affecting the coating application. During high humidity, water does not easily evaporate, resulting in poor cure and a decrease in performance. Water-based adhesives are also sensitive to freezing conditions. Many water-based adhesives are no longer usable after freezing. Though solvent-based adhesives do not have such performance issues, the consumption of these adhesives is declining due to environmental concerns and regulatory policies.

Opportunity:

Growing trend of water -based & solvent -less adhesives


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.

Threat:

Stringent regulatory policies


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, Authorization 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 threat for the market players.

The polyurethane segment is expected to be the largest during the forecast period

Polyurethane laminating adhesives are made of urethane polymers. Urethane is produced through a chemical reaction between diisocyanate and polyol. Polyurethane laminating adhesives are used in various applications because of their high toughness, abrasion resistance, flexibility, and adhesion to a wide variety of substrates. They possess various properties such as flexibility and strength, low cure temperature, excellent low-temperature resistance, and high environmental resistance. One-component polyurethane adhesives can be elastic or rigid, depending on the structure of thermoset or elastomer and curing techniques. They have relatively high shear and peel strength and are moisture-sensitive. Polyurethane laminating adhesives can be either one-component or two-component.

The packaging segment is expected to have the highest CAGR during the forecast period

Packaging is one of the key factors considered by the firms engaged in the manufacturing industry. With the growing number of manufacturing units, food processing plants, and increasing industrial production, the global packaging industry is witnessing robust growth. In the last few years, the packaging industry has been experiencing a transition, where the manufacturing and industrial sector has been adapting to flexible packaging. Owing to this, the rigid packaging industry is losing its share to the flexible packaging industry in the global packaging industry. Laminating adhesives are extensively used in flexible packaging. Laminating in flexible packaging is a process where two or more packaging webs are joined together using a bonding agent. These webs can be in the form of films, papers, or aluminum foils. Laminating adhesive is applied to the less absorbent substrate of the web, which is then pressed against the second web.

Region with largest share:

Asia Pacific is projected to hold the largest market share owing to the growing manufacturing activities and the increasing need for flexible packaging in countries, such as China, India, and Japan. The region is the largest consumer for the packaging industry, owing to the demand for food in major economies, such as China, India, and Japan. Compared to other countries, China is a late starter in the packaging industry, which, however, has grown to a large-scale industry over the decades. Additionally, the market competition in China has become increasingly fierce in the food and beverage industry, which has enabled companies to tap into overseas markets, with an aim to seek more resources and business opportunities.

Region with highest CAGR:

Europe is projected to have the highest CAGR due to the increased health awareness among the population and increased consumer spending on food and beverage and other consumer goods products. With the increasing share of the geriatric population in some countries, healthcare needs are increasing at a rapid pace. Lamination adhesive products find a wide application in healthcare packaging in the bonding of paper, plastic, and aluminum.

Key players in the market

Some of the key players profiled in the Laminating Adhesives Market include 3M, Dowdupont Inc., Henkel AG & Co. KGaA, Fujifilm Corporation, Arkema (Bostik), H.B. Fuller Company, Vimasco Corporation, Flint Group, DIC Corporation, Coim Group, Ashland Inc., Masterbond, Jubilant Industries, Dymax Corporation, and Franklin International.

Key developments:

In August 2021: Arkema (Bostik) has acquired the performance adhesive businesses for industrial application. This operation marks a major step in Arkema’s strengthening of its Adhesive Solutions segment, and fully aligns with the Group’s strategy to become a pure Specialty Materials player.

In December 2020: DIC Corporation announced introducing a series of new eco-friendly dry laminating adhesives for flexible packaging, DICDRY LX-RP, which are made using recovered polyethylene terephthalate (PET) bottles. This has assisted the company to expand its product portfolio and strengthen its footprint in the market.

Types Covered:
• Dry Lamination   
• Wet Lamination   

Resins Covered:
• Epoxy
• Acrylic
• Polyester
• Polyurethane
• Other Resins

Adhesives Covered:
• Silicone
• Ethylene
• Modified Polyolefin
• Synthetic and Natural Rubber

Components Covered:
• One-Component
• Two-Component

Technologies Covered:
• Solvent-Less
• Hot Melt
• Radiation Curable
• Combination Radiation Curable
• Solvent-Based
• Reactive
• Water-Based
• Other Technologies

Applications Covered:
• Pressure Sensitive Adhesives
• Woodwork & Furniture
• Paper Converting
• Footwear
• Window Films
• Insulation
• Automotive & Transportation
• Building & Construction
• Industrial (Electronics)
• Packaging

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
       
2 Preface     
 
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope     
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities    
 3.5 Threats     
 3.6 Technology Analysis    
 3.7 Application Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes    
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Laminating Adhesives Market, By Type  
 5.1 Introduction    
 5.2 Dry Lamination        
 5.3 Wet Lamination        
       
6 Global Laminating Adhesives Market, By Resin  
 6.1 Introduction    
 6.2 Epoxy     
 6.3 Acrylic     
 6.4 Polyester     
 6.5 Polyurethane    
 6.6 Other Resins    
  6.6.1 Polyester Urethane   
  6.6.2 Aliphatic Urethane   
  6.6.3 Aromatic Urethane   
  6.6.4 Vinyl Acetate   
  6.6.5 Polyvinyl Acetate   
  6.6.6 Vinyl    
  6.6.7 Nylon    
       
7 Global Laminating Adhesives Market, By Adhesive  
 7.1 Introduction    
 7.2 Silicone     
 7.3 Ethylene     
 7.4 Modified Polyolefin    
 7.5 Synthetic and Natural Rubber   
       
8 Global Laminating Adhesives Market, By Component 
 8.1 Introduction    
 8.2 One-Component    
 8.3 Two-Component    
       
9 Global Laminating Adhesives Market, By Technology 
 9.1 Introduction    
 9.2 Solvent-Less    
 9.3 Hot Melt     
 9.4 Radiation Curable    
 9.5 Combination Radiation Curable   
 9.6 Solvent-Based     
 9.7 Reactive     
 9.8 Water-Based    
  9.8.1 Dry Bond Lamination Adhesives  
  9.8.2 Wet Bond Lamination Adhesives 
  9.8.3 Water Based Heat Seal Coating  
  9.8.4 Hardener    
 9.9 Other Technologies    
  9.9.1 Ultraviolet Light (UV)   
  9.9.2 Electron Beam (EB)   
       
10 Global Laminating Adhesives Market, By Application  
 10.1 Introduction    
 10.2 Pressure Sensitive Adhesives   
 10.3 Woodwork & Furniture   
 10.4 Paper Converting    
 10.5 Footwear     
 10.6 Window Films    
 10.7 Insulation     
 10.8 Automotive & Transportation   
 10.9 Building & Construction   
 10.10 Industrial (Electronics)   
 10.11 Packaging     
  10.11.1 Medical/Pharmaceuticals  
  10.11.2 Food & Beverage   
  10.11.3 Consumer Products    
  10.11.4 Publications   
  10.11.5 Corrugated Cardboard  
  10.11.6 Folding Cartons   
       
11 Global Laminating Adhesives Market, By Geography  
 11.1 Introduction    
 11.2 North America    
  11.2.1 US    
  11.2.2 Canada    
  11.2.3 Mexico    
 11.3 Europe     
  11.3.1 Germany    
  11.3.2 UK    
  11.3.3 Italy    
  11.3.4 France    
  11.3.5 Spain    
  11.3.6 Rest of Europe   
 11.4 Asia Pacific    
  11.4.1 Japan    
  11.4.2 China    
  11.4.3 India    
  11.4.4 Australia    
  11.4.5 New Zealand   
  11.4.6 South Korea   
  11.4.7 Rest of Asia Pacific   
 11.5 South America    
  11.5.1 Argentina    
  11.5.2 Brazil    
  11.5.3 Chile    
  11.5.4 Rest of South America  
 11.6 Middle East & Africa    
  11.6.1 Saudi Arabia   
  11.6.2 UAE    
  11.6.3 Qatar    
  11.6.4 South Africa   
  11.6.5 Rest of Middle East & Africa  
       
12 Key Developments     
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
 12.2 Acquisitions & Mergers    
 12.3 New Product Launch    
 12.4 Expansions    
 12.5 Other Key Strategies    
       
13 Company Profiling     
 13.1 3M     
 13.2 Dowdupont Inc.         
 13.3 Henkel AG & Co. KGaA   
 13.4 Fujifilm Corporation    
 13.5 Arkema (Bostik)     
 13.6 H.B. Fuller Company    
 13.7 Vimasco Corporation   
 13.8 Flint Group    
 13.9 DIC Corporation    
 13.10 Coim Group    
 13.11 Ashland Inc.    
 13.12 Masterbond    
 13.13 Jubilant Industries    
 13.14 Dymax Corporation    
 13.15 Franklin International   


List of Tables      
1 Global Laminating Adhesives Market Outlook, By Region (2020-2028) ($MN)
2 Global Laminating Adhesives Market Outlook, By Type (2020-2028) ($MN)
3 Global Laminating Adhesives Market Outlook, By Dry Lamination (2020-2028) ($MN)
4 Global Laminating Adhesives Market Outlook, By Wet Lamination (2020-2028) ($MN)
5 Global Laminating Adhesives Market Outlook, By Resin (2020-2028) ($MN)
6 Global Laminating Adhesives Market Outlook, By Epoxy (2020-2028) ($MN)
7 Global Laminating Adhesives Market Outlook, By Acrylic (2020-2028) ($MN)
8 Global Laminating Adhesives Market Outlook, By Polyester (2020-2028) ($MN)
9 Global Laminating Adhesives Market Outlook, By Polyurethane (2020-2028) ($MN)
10 Global Laminating Adhesives Market Outlook, By Other Resins (2020-2028) ($MN)
11 Global Laminating Adhesives Market Outlook, By Polyester Urethane (2020-2028) ($MN)
12 Global Laminating Adhesives Market Outlook, By Aliphatic Urethane (2020-2028) ($MN)
13 Global Laminating Adhesives Market Outlook, By Aromatic Urethane (2020-2028) ($MN)
14 Global Laminating Adhesives Market Outlook, By Vinyl Acetate (2020-2028) ($MN)
15 Global Laminating Adhesives Market Outlook, By Polyvinyl Acetate (2020-2028) ($MN)
16 Global Laminating Adhesives Market Outlook, By Vinyl (2020-2028) ($MN)
17 Global Laminating Adhesives Market Outlook, By Nylon (2020-2028) ($MN)
18 Global Laminating Adhesives Market Outlook, By Adhesive (2020-2028) ($MN)
19 Global Laminating Adhesives Market Outlook, By Silicone (2020-2028) ($MN)
20 Global Laminating Adhesives Market Outlook, By Ethylene (2020-2028) ($MN)
21 Global Laminating Adhesives Market Outlook, By Modified Polyolefin (2020-2028) ($MN)
22 Global Laminating Adhesives Market Outlook, By Synthetic and Natural Rubber (2020-2028) ($MN)
23 Global Laminating Adhesives Market Outlook, By Component (2020-2028) ($MN)
24 Global Laminating Adhesives Market Outlook, By One-Component (2020-2028) ($MN)
25 Global Laminating Adhesives Market Outlook, By Two-Component (2020-2028) ($MN)
26 Global Laminating Adhesives Market Outlook, By Technology (2020-2028) ($MN)
27 Global Laminating Adhesives Market Outlook, By Solvent-Less (2020-2028) ($MN)
28 Global Laminating Adhesives Market Outlook, By Hot Melt (2020-2028) ($MN)
29 Global Laminating Adhesives Market Outlook, By Radiation Curable (2020-2028) ($MN)
30 Global Laminating Adhesives Market Outlook, By Combination Radiation Curable (2020-2028) ($MN)
31 Global Laminating Adhesives Market Outlook, By Solvent-Based (2020-2028) ($MN)
32 Global Laminating Adhesives Market Outlook, By Reactive (2020-2028) ($MN)
33 Global Laminating Adhesives Market Outlook, By Water-Based (2020-2028) ($MN)
34 Global Laminating Adhesives Market Outlook, By Dry Bond Lamination Adhesives (2020-2028) ($MN)
35 Global Laminating Adhesives Market Outlook, By Wet Bond Lamination Adhesives (2020-2028) ($MN)
36 Global Laminating Adhesives Market Outlook, By Water Based Heat Seal Coating (2020-2028) ($MN)
37 Global Laminating Adhesives Market Outlook, By Hardener (2020-2028) ($MN)
38 Global Laminating Adhesives Market Outlook, By Other Technologies (2020-2028) ($MN)
39 Global Laminating Adhesives Market Outlook, By Ultraviolet Light (UV) (2020-2028) ($MN)
40 Global Laminating Adhesives Market Outlook, By Electron Beam (EB) (2020-2028) ($MN)
41 Global Laminating Adhesives Market Outlook, By Application (2020-2028) ($MN)
42 Global Laminating Adhesives Market Outlook, By Pressure Sensitive Adhesives (2020-2028) ($MN)
43 Global Laminating Adhesives Market Outlook, By Woodwork & Furniture (2020-2028) ($MN)
44 Global Laminating Adhesives Market Outlook, By Paper Converting (2020-2028) ($MN)
45 Global Laminating Adhesives Market Outlook, By Footwear (2020-2028) ($MN)
46 Global Laminating Adhesives Market Outlook, By Window Films (2020-2028) ($MN)
47 Global Laminating Adhesives Market Outlook, By Insulation (2020-2028) ($MN)
48 Global Laminating Adhesives Market Outlook, By Automotive & Transportation (2020-2028) ($MN)
49 Global Laminating Adhesives Market Outlook, By Building & Construction (2020-2028) ($MN)
50 Global Laminating Adhesives Market Outlook, By Industrial (Electronics) (2020-2028) ($MN)
51 Global Laminating Adhesives Market Outlook, By Packaging (2020-2028) ($MN)
52 Global Laminating Adhesives Market Outlook, By Medical/Pharmaceuticals (2020-2028) ($MN)
53 Global Laminating Adhesives Market Outlook, By Food & Beverage (2020-2028) ($MN)
54 Global Laminating Adhesives Market Outlook, By Consumer Products (2020-2028) ($MN)
55 Global Laminating Adhesives Market Outlook, By Publications (2020-2028) ($MN)
56 Global Laminating Adhesives Market Outlook, By Corrugated Cardboard (2020-2028) ($MN)
57 Global Laminating Adhesives Market Outlook, By Folding Cartons (2020-2028) ($MN)
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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