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Laminating Adhesives Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Henkel AG & Co., Ashland Global Specialty Chemicals Inc., BASF SE, Bostik, DuPont de Nemours Inc.
Laminating Adhesives Market Characteristics
The Business Research Company offers in-depth market insights through Laminating Adhesives Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The laminating adhesives market size has grown rapidly in recent years. It will grow from $2.72 billion in 2023 to $3 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to packaging industry growth, food and beverage packaging, e-commerce boom, sustainable packaging, agricultural industry.
The laminating adhesives market size is expected to see rapid growth in the next few years. It will grow to $4.58 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to pharmaceutical growth, renewable energy, construction and building materials, automotive sector, woodworking industry. Major trends in the forecast period include biodegradable packaging, digital printing compatibility, smart packaging materials, eco-friendly adhesives, pharmaceutical serialization.
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Market Segmentation:
The main resin types in laminating adhesives include polyurethane, acrylic, and others. Urethane is produced through a reaction between diisocyanate and polyol. Polyurethane laminating adhesives are utilized in various applications due to their high toughness, abrasion resistance, flexibility (especially at low temperatures), and adhesion to a variety of substrates. The acrylic segment consists of sales of laminating adhesives by entities (organizations, sole traders, and partnerships) made of acrylic emulsions used in formulations that require UV stability. Acrylic is a transparent plastic material with outstanding strength, stiffness, and optical clarity" The ""thers" segment consists of sales of laminating adhesives by entities (organizations, sole traders, and partnerships) made of other materials such as styrene-butadiene and others. The technologies that laminating adhesives use include solvent-based, solvent-less, water-based, and other technologies. The various applications of laminating adhesives include use in the following industries: automotive, industrial applications, packaging, medical, food, and
Major Driver - Automotive Industry Growth To Drive Laminating Adhesives Market
The laminating adhesives market is expected to benefit from growth in the automobile industry during the forecast period. Laminating adhesives are used in structural, holding, and sealing applications in automobiles, including applications in door panels, inserts, and armrests, load floors, seat back panels, and headliners. For instance, the global motor vehicle market is expected to increase from $2,115.1 billion in 2020 to $3,231.0 billion in 2025. Thus, increased use of lamination adhesives in automobiles is expected to propel the market during the forecast period.
Competitive Landscape:
Major companies operating in the laminating adhesives market include Henkel AG & Co., Ashland Global Specialty Chemicals Inc., BASF SE, Bostik, DuPont de Nemours Inc., Evonik Industries AG, H.B. Fuller Company, Merck KGaA, Morchem SA, Sika AG, Sun Chemical, 3M Company, The Dow Chemical Company, DIC Corporation, Minnesota Mining and Manufacturing Company, Adhesive Films Inc., Avery Dennison Corporation, Coim Group, Dow Inc., Drytac Corporation, Franklin International, Huntsman Corporation, Illinois Tool Works Inc., Jowat SE, Konishi Co. Ltd., Lintec Corporation, Lohmann Adhesive Tape Group, Master Bond Inc., Nitta Corporation, Paramelt B.V., SABA Dinxperlo B.V., Scapa Group plc, Toyo-Morton Ltd., Valspar Corporation, Vibac Group S.p.A., Vimasco Corporation
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Top Trend - Innovative Solvent-Free Laminating Adhesives Developed To Meet Sustainable Packaging Demands
Major companies operating in the laminating adhesives market are developing innovative products, such as solvent-free laminating adhesives, to meet the growing demand for sustainable packaging solutions. This new solvent-free laminating adhesive is for metallized multilayer packaging designs. The new adhesives are designed to provide excellent adhesion and performance while also being environmentally friendly. For instance, in August 2022, Toyo-Morton Ltd., a Japan-based manufacturer of laminating adhesives, developed a new line of solvent-free laminating adhesives for metallized multilayer packaging designs. It offers a number of advantages over traditional solvent-based adhesives, including reduced environmental impact, improved safety, and improved performance.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Laminating Adhesives Market Characteristics
3. Laminating Adhesives Market Trends And Strategies
4. Laminating Adhesives Market - Macro Economic Scenario
5. Laminating Adhesives Market Size And Growth
…..
27. Laminating Adhesives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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