Laminating Adhesives Market: Analysis of Growth Potential with Compound Annual Growth Rate (CAGR 6.2%) Projections for the Period 2023-2026

Global industry analysis

The global laminating adhesives market is expected to register a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2021 to 2026, according to a recent report published by Persistence Market Research.

Laminating adhesives are used to join two or more substrates such as paper, film, or aluminum foil, to create a composite structure that offers superior properties such as improved strength, barrier properties, and durability. The demand for laminating adhesives is primarily driven by the growth of the packaging industry, as these adhesives are widely used in the production of flexible packaging materials, labels, and tapes.

Polyurethanes, polyvinyl acetate, epoxy, styrenic block, and ethylene vinyl acetate are among the various chemical components of laminating adhesives. It can be used in many ways to reduce weight, dampen vibrating joints and control liquid or gas leaks.

The Laminating Adhesives market can be broadly divided into four main market categories including water-based, solvent-based, reactive and hot melt adhesives based on the different technologies. The market can be segmented based on the many uses of laminating adhesives including pressure sensitive adhesives, packaging, building & construction, automotive, woodwork & furniture, footwear and others.

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Increasing demand for low volatile organic compounds (Voc) and environmentally responsible adhesives are some of the predominant drivers of the global laminating adhesives market. Additionally, the large end-use market for laminating adhesives such as automotive, woodworking, transportation, footwear and packaging has seen healthy growth in recent years, which in turn is driving the growth of the global laminating adhesives market

The instability of laminating adhesive raw material prices coupled with stringent environmental regulations from EPA (Environmental Protection Agency) and REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) in Europe and North America are challenging the laminating adhesive market region.

Asia Pacific is the largest producer and consumer of laminating adhesives, followed by Europe and North America. The North American laminating adhesive market is approaching maturity and growth is expected primarily from the emerging markets in Asia Pacific and Latin America. India and China are the two largest markets for laminating adhesives in Asia Pacific. Brazil is one of the fastest growing markets for laminating adhesives in the Latin America region.

Some of the major companies operating in the global Laminating Adhesives Market are Ashland Inc, BASF SE, Bostik SA, Dymax Corporation, Henkel AG & Company, Sika AG, The Dow Chemical Company, ADCO Global Inc. and Henkel AG & Company .

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Key points covered in the report

The report segments the market based on types, applications, products, technologies, etc. (where applicable)
The report covers geographic segmentation
• North America
• Europa
• Asia
• Row
• The report includes the market size and forecast for the various segments and regions for the period from 2010 to 2020
• The report includes company profiles of some of the leading companies operating in the market
• The report also provides a five forces analysis of the carrier market.

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Related Reports -

Polysulfide Sealants Market: https://www.persistencemarketresearch.com/market-research/polysulfide-sealants-market.asp
Lamination Adhesives Market: https://www.persistencemarketresearch.com/market-research/lamination-adhesives-market.asp
Automotive Adhesives and Sealants Market: https://www.persistencemarketresearch.com/market-research/automotive-adhesives-and-sealants-market.asp

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