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Market Research Report

Global Laminating Adhesives Market - Segmented by Type, Application, and Geography - Growth, Trends and Forecast (2018 - 2023)

Published by Mordor Intelligence LLP Product code 661250
Published Content info 110 Pages
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Global Laminating Adhesives Market - Segmented by Type, Application, and Geography - Growth, Trends and Forecast (2018 - 2023)
Published: May 1, 2018 Content info: 110 Pages

The global laminating adhesives market is expected to register a moderate CAGR during the forecast period, 2018 to 2023. Europe region is estimated to be the fastest growing market owing to its rapid increase demand from the transportation and industrial sectors. Automotive segment is expected to be the dominant Application.

Increasing Demand for Packed Foods from Food & Beverage Industry

Laminating adhesives are widely used in the packaging industry, for manufacturing topcoat materials on packaging covers for various food & beverages. They help in restricting direct exposure of packaging materials to harsh environment that initiates degradation. The food and beverage industry is evolving rapidly with a variety of growing sectors adding to its developments, owing to consistently growing market for energy & sports drinks, tea, coffee, and bottled water, as consumers are increasingly seeking healthier beverages to consume on the go. Additionally, with the changing consumers' lifestyle and work-life balance, the demand for canned food and beverage from consumers are continually increasing, as canned food can be consumed easily (as they can be easily prepared). Moreover, the usage of laminating adhesives on packaging materials make them highly resistant to the entry of exterior gases and moisture, which keeps the food safe and durable for a longer time. Europe is the biggest market for canned fruit and vegetables in the world, representing more than 42% of total world imports. Major importing and consuming markets such as Germany, France, the United Kingdom and the Netherlands are expected to drive the growth for global laminating adhesives market. As a result of the aforementioned factors, the demand for laminating adhesives in the packed food & beverage segment is expected to increase, during the forecast period.

Automotive - The Dominant Application

Over the past few years, laminating adhesives have become a prime technology component of automotive applications, as they are continuously replacing traditional bonding or adhesion methods. Laminating adhesives are continuously replacing mechanical fasteners, as they possess superior bonding and joining properties, as compared to traditional methods, like nuts and screws. Laminating adhesives are used in lamination of interior panels, center consoles, door side paneling, columns, textiles (leather seats), interior decors, trunks, veneers, and bonding of plastic components. Recently developed, one-component water borne laminating adhesives are offering high cost efficiency, manufacturing efficiency, sustainability and significantly reduced waste generation when compared to the traditionally used two-component water borne laminating adhesives. The global automotive industry registered a growth rate of 2.6% in 2017 and reached a total of 97,302,534 vehicles. With the significant increase in vehicle production over the years, the demand for laminating adhesives in the automotive industry is also expected to rapidly increase.

Asia-Pacific Region to Lead the Market

The growing middle-class population, along with urbanization of Western China, has aided in increasing the demand and production of vehicles in the country. For instance, in 2017, 29.1 million vehicles were sold in China, an increase of 3.9% from 2016. Under the 13th five-year plan (2016-2020), the Chinese government is planning for infrastructure development of 30,000 km of railway lines and 30,000 km of expressways. Production of passenger vehicles (PV), and light commercial vehicles (LCV), growth rates of 6.6%, and 8.2%respectively in FY 2017 over FY 2016. The Japanese construction sector is growing rapidly, due to the increasing demand, triggered by a sudden rise in residential construction and projects related to the Tokyo Olympics 2020. The major long-term projects that the country is expected to witness, are the Maglev railway, upgrading highway networks, and a new rail link to Haneda Airport in Tokyo. Japan is a world leader in the production of video cameras, compact discs, computers, photocopiers, fax machines, cell phones, and other key computer components. Consumer electronics account for one third of Japan's economic output.

Major Players: 3M, Arkema group, Henkel AG, and Sika AG, among others.

Reasons to Purchase this Report:

  • To understand the impact of end-user applications on the market
  • Analyzing various perspectives of the market with the help of Porter's five forces analysis
  • To understand the dominating technology in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report:

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Table of Contents
Product Code: 61125

Table of Contents

1. Introduction

  • 1.1 Scope of the Report
  • 1.2 Market Definition
  • 1.3 Study Assumptions
  • 1.4 Study Deliverables
  • 1.5 Research Phases

2. Executive Summary

3. Market Insights

  • 3.1 Industry Value Chain Analysis
  • 3.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 3.2.1 Bargaining Power of Suppliers
    • 3.2.2 Bargaining Power of Consumers
    • 3.2.3 Threat of New Entrants
    • 3.2.4 Threat of Substitute Products and Services
    • 3.2.5 Intensity of Competitive Rivalry

4. Market Dynamics

  • 4.1 Drivers
    • 4.1.1 Rapid Growth in Flexible Packaging Industry
    • 4.1.2 Increasing Demand for Packed Foods from Food & Beverage Industry
  • 4.2 Restraints
    • 4.2.1 Growing Concerns Regarding Plastic Disposal
    • 4.2.2 Other Restraints
  • 4.3 Opportunities
    • 4.3.1 Accelerating Usage of Solvent Less Lamination Adhesives
    • 4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

  • 5.1 By Type
    • 5.1.1 Solvent-Borne
    • 5.1.2 Water-Borne
    • 5.1.3 Solvent less
    • 5.1.4 Others
  • 5.2 By Application
    • 5.2.1 Packaging
      • Food Packaging
      • Medical Packaging
      • Other Packaging
    • 5.2.2 Industrial
    • 5.2.3 Automotive
    • 5.2.4 Others

6. Regional Market Analysis

  • 6.1 Asia-Pacific
    • 6.1.1 China
    • 6.1.2 India
    • 6.1.3 Japan
    • 6.1.4 South Korea
    • 6.1.5 ASEAN Countries
    • 6.1.6 Rest of Asia-Pacific
  • 6.2 North America
    • 6.2.1 United States
    • 6.2.2 Canada
    • 6.2.3 Mexico
    • 6.2.4 Rest of North America
  • 6.3 Europe
    • 6.3.1 Germany
    • 6.3.2 United Kingdom
    • 6.3.3 Italy
    • 6.3.4 France
    • 6.3.5 Spain
    • 6.3.6 Rest of Europe
  • 6.4 South America
    • 6.4.1 Brazil
    • 6.4.2 Argentina
    • 6.4.3 Rest of South America
  • 6.5 Middle East & Africa
    • 6.5.1 Saudi Arabia
    • 6.5.2 South Africa
    • 6.5.3 UAE
    • 6.5.4 Rest of Middle East & Africa

7. Competitive Landscape

  • 7.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
  • 7.2 Market Share Analysis**
  • 7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services and Recent Developments)

  • 8.1 3M
  • 8.2 Arkema Group (Bostik SA)
  • 8.3 Ashland
  • 8.4 Coim Group (Novacote)
  • 8.5 DIC India Limited
  • 8.6 DowDuPont
  • 8.7 Evonik Industries AG
  • 8.8 H.B. Fuller Company
  • 8.9 Henkel AG & Co. KGaA
  • 8.10 Huachengchem
  • 8.11 HuberGroup India
  • 8.12 L.D. Davis Industries, Inc.
  • 8.13 Sika AG
  • 8.14 Toyo-Morton, Ltd.

list not exhaustive

9. Disclaimer

*Subject to availability on public domain

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