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Laminating Adhesives Market: Future Forecasts, Technological Advancements, and Industry Demand Analysis
Laminating Adhesives Market
As per the report, 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 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%.
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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.
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 laminating adhesives market covered in this report is segmented -
1) By Resin Type: Polyurethane, Acrylic, Other Resin Types
2) By Technology: Solvent-Based, Solvent-Less, Water-Based, Other Technologies
3) By Application: Automotive, Industrial Application, Packaging, Medical, Food, Other Applications
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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
Contents of the report:
1. Executive Summary
2. Laminating Adhesives Market Report Structure
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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