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CHEMICALS AND ADVANCED MATERIALS

Laminating Adhesive Market : Global Demand Analysis & Opportunity Outlook 2024

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Extensive insights into the Growth of Laminating Adhesive Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Laminating Adhesive Market Overview

Laminating adhesives are used to provide high strength bond between two membranes. These adhesives are generally serves the purpose of film to film metallization. Laminating adhesive provide strong bond and exhibit excellent heat and chemical properties. These adhesives come in a range of solvent based, solvent free and water based laminating adhesives.

Market Size and Forecast

Global laminating adhesive market was valued at USD 1,653 Million in 2016. Further, the market is expected to grow at a CAGR of 6.8% over the forecast period. Rapid growth of end-user industries such as automotive, food and beverage and healthcare is anticipated to spur the growth of global laminating adhesive market during the forecast period. Additionally, increasing demand for laminating adhesive from growing economies is anticipated to drive the market of global laminating adhesive.

laminating adhesives market

In terms of region, Asia-Pacific is anticipated to dominate the overall laminating adhesive market. In 2016, Asia-Pacific accounted for more than 43% market share and is expected to continue its dominance over the forecast period. This can be attributed to growth and expansion of automotive sector and packaged food industries in the Asian countries. China, Malaysia and India are expected to be the major countries witnessing the augmented demand for laminating adhesive during the forecast period.CLICK TO DOWNLOAD FREE SAMPLE

Europe is expected to maintain second position over the forecast period. Factors such as presence of automotive industries are expected to propel the growth of laminating adhesive market in the Europe region during the forecast period. Although being a mature market, North America is expected to showcase significant growth in the end years of forecast period due to expected expansion of automotive industries in the region. Further, presence of major laminating adhesive manufacturers such as The Dow Chemical Company and 3M Company is anticipated to augment the growth of laminating adhesive market in the North America region.

On the basis of type, the market is segmented into solvent based laminating adhesive, solvent less laminating adhesive and water based laminating adhesives. Solvent based laminating adhesive accounted for the largest market share, with more than 46% in overall laminating adhesive market in 2016. Water based laminating adhesives market share is projected to grow over the forecast period on the account of its eco-friendly feature.

Market Segmentation

Our in-depth analysis segmented the global laminating adhesive market in the following segments:

By Type

  • Solvent Based Laminating Adhesives
  • Solvent less Laminating Adhesives
  • Water Based Laminating Adhesives

By Application

  • Flexible Packaging
    • Food Packaging
    • Medical Packaging
  • Industrial Applications
  • Others

By End-User

  • Food and Beverage Industry
  • Healthcare Industry
  • Automotive Industry
  • Electronics Industry
  • Others

By Region

Global laminating adhesive market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

The growth of the global laminating adhesive market is driven by increasing demand from flexible packaging type industries. In the past few years, these industries have witnessed huge growth. Further, these industries are projected to grow over forecast period which in turn, is expected to escalate the demand for laminating adhesives. Additionally, increasing penetration of laminating adhesive products in other end-use industries such as transportation and automotive, construction, woodwork, electronics and other industries is anticipated to fuel the growth of global laminating adhesive market during the forecast period. 

Apart from this, research and development associated with laminating adhesives such as high bond strength and low emission is expected to drive the growth of the global laminating adhesive market.

However, government regulations and increasing consumer inclination towards eco-friendly products is anticipated to limit the growth of the global laminating adhesives market.  

Key players

  • The Dow Chemical Company
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • 3M Company
  • Henkel
  • Ashland Inc.
  • H.B. Fuller 
  • Comens New Materials
  • Toyo-Morton, Ltd.
  • Bostik 
  • COIM Group
  • Huber Group

 


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