Laminating Adhesives - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Laminating Adhesives market accounted for $2.38 billion in 2018 and is expected to reach $5.14 billion by 2027 growing at a CAGR of 8.9% during the forecast period. Some of the key factors such as increasing demand from the packaged food industry and rising demand for customer-friendly packaging are driving the market growth. However, the performance limitations of water-based adhesives may restrain the market growth. Moreover, rising demand for flexible packaging industry due to the requirement of lightweight, easy handling, less space-consuming, longer shelf life, easy transit, damage resistance, and better printability packaging will provide ample opportunities for the growth of the market.
Laminating Adhesives are used for joining and gathering of various material surfaces. It is specially designed to append or fix two distinct surfaces together. The different chemical compositions of these adhesives include polyurethanes, polyvinyl acetate, epoxy, styrenic block, and ethylene-vinyl acetate. 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.
By resin, polyurethane segment is going to have a lucrative growth during the forecast period due to its growing usage in a wide range of applications such as automotive, bus & truck and rail to reduce the weight of vehicles. Polyurethane adhesives provide extremely strong bonding. By geography, Asia-Pacific is going to have a lucrative growth during the forecast period due to rising manufacturing activities and expanding requirement for flexible packaging in countries, such as China, India, and Japan, the utilization of these adhesives is increasing in the region.
Some of the key players in Laminating Adhesives market include Dowdupont Inc., Vimasco Corporation, DIC Corporation, Ashland Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Flint Group, 3M, Arkema (Bostik), and Coim Group.
• One Component
• Other Resins
• Dry Lamination
• Wet Lamination
Adhesive Types Covered:
• Synthetic and Natural Rubber
• Modified Polyolefin
• Other Adhesive Types
• Radiation Curable
• Combination Radiation Curable
• Hot Melt
• Other Technologies
• Woodwork & Furniture
• Building & Construction
• Pressure Sensitive Adhesives
• Other Applications
• Automotive & Transportation
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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