Exploring the Challenges and Opportunities in Laminating Adhesives Market| Marketsandmarkets™

Posted by Jack Martin on April 4th, 2023

The global laminating adhesives market is projected to reach USD 4.1 billion by 2026, at a CAGR of 6.9%. APAC is the largest laminating adhesives market that is projected to register the second-highest CAGR. This high growth is due to the growing demand from the packaging, industrial, and automotive & transportation industries. There is rising awareness about the use of eco-friendly adhesives in this region.

Polyurethane is the most widely used type of laminating adhesive due to its superior adhesive strength, resistance to moisture, flexibility, and resistance to a wide range of temperatures. It is widely used for applications such as carpet backing, upholstery, lamination of paper products, and lamination of textiles. Polyurethane laminating adhesives are available in a variety of viscosities, allowing for different levels of adhesion and flexibility. They are also available in a range of colors, allowing for a variety of decorative options.

Solvent-based laminating adhesives are preferred due to their superior adhesion, fast drying time, and excellent clarity. They are used in a wide range of applications, including the lamination of paper, plastic films, aluminum foils, and other substrates. They are also used for specialty applications such as metalized films and for high-temperature and high-pressure lamination. Solvent-based laminating adhesives are generally preferred due to their superior adhesion and fast drying time, which make them suitable for high-speed production processes. In addition, these adhesives provide excellent clarity, which is essential for applications where clarity is important.

The chemical industry is facing a challenge in terms of adhering to policies and standards implemented by various regulatory authorities such as the Control of Substances Hazardous to Health (COSHH), the European Union (EU), the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), the Globally Harmonized System (GHS), and the Environmental Protection Agency (EPA) in Europe and North America. The manufacturers in Europe and North America are following these regulations regarding the production and use of laminating adhesives for various applications to reduce the emission of VOCs.

APAC is the second-fastest-growing laminating adhesives market. An increase in the demand for laminating adhesives is mainly attributed to high economic growth and heavy investment across industries such as automotive, consumer goods & appliances, building & construction, and manufacturing. Key factors such as industrialization, growing middle-class population, rising disposable income, changing lifestyles, and rising consumption of packed products are expected to drive the demand for laminating adhesives during the forecast period.