Laminating Adhesives Market: Dynamic Growth, Key Drivers and Forecasts 2024-2029

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Projecting a Robust CAGR of 10.0% to 12.3% for the Global Laminating Adhesives Market

What Is The Projected Market Size Of The Global Laminating Adhesives Market And Its Growth Rate?
The Laminating Adhesives Market has witnessed steady growth over the years:
• The market size of $2.98 billion in 2024 is forecasted to reach $3.28 billion in 2025, representing a compound annual growth rate (CAGR) of 10.0%.
• The growth attributes of this period include the boom in packaging industry, e-commerce, sustainable packaging, and agricultural industry.
• In the forecast period, the market size is projected to further grow to $5.22 billion in 2029 at a higher CAGR of 12.3%.
• The anticipated growth during the forecast period is expected due to factors like pharmaceutical growth, advancement in renewable energy, construction and building materials, automotive sector, and woodworking industry.

What Is Driving The Growth In The Laminating Adhesives Market?
The laminating adhesives market anticipates gaining momentum from the growth of the automobile industry during the forecast period. The application of laminating adhesives for structural, holding, and sealing duties in vehicles involve areas like door panels, armrests, load floors, seat back panels, and headliners. In a statistical highlight, data from CEIC Data in February 2023 recorded an approximately 5.56% YoY growth in vehicle production in the U.S, from 10.05 million units in December 2022 to 10.61 million vehicles. Hence, the rise in lamination adhesive usage in automobiles is expected to drive the market's growth in the forecast period.

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Who Are the Key Players Driving Laminating Adhesives Market Growth?
Some of the major players operating in the laminating adhesives market are:
• Henkel AG & Co.
• Ashland Global Specialty Chemicals Inc.
• BASF SE
• Bostik
• DuPont de Nemours Inc.
• Evonik Industries AG
• H.B. Fuller Company
• 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
• Vibac Group S.p.A.
• Vimasco Corporation

What Are The Key Trends In The Laminating Adhesives Market?
Key market trends are:
• Biodegradable Packaging
• Digital Printing Compatibility
• Smart Packaging Materials
• Eco-friendly Adhesives
• Pharmaceutical Serialization

What Are The Segments Of The Global Laminating Adhesives Market?
The market report segments the Laminating Adhesives Market as follows:
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

Which Region Leads The Laminating Adhesives Market?
Asia-Pacific region held the principal share in the laminating adhesives market in 2024. In the forecast period as well, Asia-Pacific is expected to register the fastest growth in the laminating adhesives market. The regions covered in the report comprise Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Laminating Adhesives Market Global Market Report?
• Market Size Analysis: Analyze the Laminating Adhesives Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Laminating Adhesives Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Laminating Adhesives Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Laminating Adhesives Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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This release was published on openPR.