The global Laminating Adhesives Market is forecast to reach USD 4.06 Billion by 2026, according to a new report by Reports and Data. Laminating adhesives are specialty chemicals which provide strong adhesion between two metallic surfaces or films. This strong bond exhibits properties of excellent heat and chemical resistance. They are propagated in various mediums or technologies like water-based, solvent-based, and solvent less, among others. Developing industries like healthcare and food and beverage industries require consumer durables which will, in turn, promote the growth of lamination adhesives.
The market for laminating adhesives is influenced by the rising demand from the packaging industry. The procedure for lamination is carried out by applying pressure or heat, and this imparts aesthetic values as well as protects the product. They remain in function under high machinery speeds like automobiles. Lamination adhesives are used for packaging confectionery, meat, agricultural produce, and medical products. Since they allow printability, permeability, and flexibility, they can be used in the flexible packaging industry.
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Top Key Players:
3M, Arkema (Bostik), Fujifilm Corporation, H.B. Fuller Company, Henkel AG Co. KGaA, Dowdupont Inc., DIC Corporation, Dymax Corporation, Flint Group, and Weilburger Holding GmbH, among others.
Further key findings from the report suggest
Polyurethane type of resin occupied the largest market share of 46.1% in the year 2018. PU-based laminating adhesives provide exceptional adhesion between textiles, metal, leather, and paper. Their application varies, such as on buses, trucks, rails, and other automotive vehicles.
Solvent-based technology held the largest market share of 33.6% in the year 2018. It is because of the properties like higher bond strength, lower emission, and lesser cure time. Hence, the solvent-based segment is the backbone of the food packaging industry.
The automotive and transportation industry is set to experience the highest CAGR of 8.0% during the forecast period. They are used for body panels, fenders, heat shields, among others in automotive products.
Asia Pacific is forecasted to witness the highest CAGR of 7.7% during the forecast period. Countries like India, China, and Japan are rapidly catching up with the growth in the laminating adhesives market. The increasing demand in the packaging industry and improving economic conditions in driving market growth.
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Market Overview:
The enterprises that supply the majority of the materials needed in building are found in this sector. As a result, the companies and their stocks are sensitive to business cycle shifts. When the economy is robust, they tend to thrive.
The physical acquisition, development, and early processing of the many items often referred to as raw materials are all handled by companies in the basic materials sector. Examples include oil, gold, and stone.
Companies involved in the finding, production, and processing of raw resources, such as gold and oil, as well as timber, make up the basic materials industry.
They sell the raw materials they finish for use in practically every other business.
The sector is highly vulnerable to the economy's ups and downs.
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Resin Type Outlook
Polyurethane
Acrylic
Others
End-Users Outlook
Packaging
Industrial
Automotive and Transportation
Others
Regional analysis covers:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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