How Laminating Adhesives are Revolutionizing Industries: A Look at the .1 Billion Market| MarketsandMarkets™
Posted by Jack Martin on June 21st, 2023
Laminating adhesives are used in a wide variety of industries, from packaging to automotive and aerospace applications. They are used to bond layered materials such as paper, plastic, metal, wood, and fabrics. They provide a strong, permanent bond and can be used for both interior and exterior applications. Laminating adhesives are typically solvent-based and require a primer or a surface treatment prior to application. The demand for laminating adhesives is expected to grow due to the increasing demand for lightweight materials and the need for better adhesion and strength. The global laminating adhesives market exhibits high growth potential and is projected to reach a market size of USD 5.1 billion by 2028 from USD 3.6 billion in 2022, at a CAGR of 5.8%.
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The laminating adhesives market serves various end-user industries. Some prominent industries that extensively use laminating adhesives include:
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The polyurethane segment dominates the overall laminating adhesives market.
The polyurethane segment is projected to be the fastest-growing segment of the global laminating adhesives market during the forecast period. It is primarily used in the packaging and construction industry due to its excellent properties, such as high adhesion strength, good abrasion resistance, low water permeability, and low volatile organic compound (VOC) emissions. Polyurethane laminating adhesives are known for their superior performance, durability, and resistance to chemicals, which makes them suitable for a wide range of applications, such as flooring and furniture, automotive interiors, and packaging. The increasing demand for polyurethane laminating adhesives in the packaging and construction industry is expected to drive the growth of the market during the forecast period.
Solvent-based technology dominates the overall laminating adhesives market.
Solvent-based laminating adhesives are widely used in various end-use industries. These are mainly used in the manufacturing of paper and paperboard, non-woven, textile, and plastic laminates. The solvent-based laminating adhesives are also used for the lamination of floor laminates, wood-based panels, and decorative laminates. These adhesives offer superior adhesion and excellent chemical resistance, which makes them suitable for a wide range of applications. The solvent-based laminating adhesives are available in various forms, such as hot melts, pastes, and coatings. They have high thermal stability and provide excellent bonding characteristics.
APAC is the largest laminating adhesive market in the forecast period.
The Asia Pacific region is expected to be the largest and fastest-growing laminating adhesive market during the forecast period. This growth is attributed to the increasing demand for laminating adhesives from various end-use industries, such as packaging, automotive, construction, and consumer goods, in the region. The growth of the packaging industry in the Asia Pacific region is likely to create a high demand for laminating adhesives. The increasing urban population, rising disposable incomes, and growing consumer spending in the region are the key drivers of the packaging industry. Moreover, the increasing demand for laminating adhesives for applications in the automotive and construction industries is also expected to drive the growth of the Asia Pacific laminating adhesive
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The key players profiled in the laminating adhesives market are Henkel AG & Co. KGaA, Saint-Gobain S.A., 3M, H.B. Fuller, Sika AG, Avery Dennison Corporation, Bostik SA, DowDuPont Inc, Franklin International, Huntsman Corporation, Illinois Tool Works Inc, Mapei Corporation, RPM International Inc., Ashland Inc, BASF SE and others.
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About the AuthorJack Martin
Joined: August 7th, 2017
Articles Posted: 1,213
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