PUBLISHER: The Business Research Company | PRODUCT CODE: 1088852
PUBLISHER: The Business Research Company | PRODUCT CODE: 1088852
“Laminating Adhesives Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global laminating adhesives market.
This report focuses on laminating adhesives market which is experiencing strong growth. The report gives a guide to the laminating adhesives market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the laminating adhesives? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The laminating adhesives market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider laminating adhesives market, and compares it with other markets.
The global laminating adhesives market is expected to grow from $2.25 billion in 2021 to $2.45 billion in 2022 at a compound annual growth rate (CAGR) of 8.90%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.46 billion in 2026 at a CAGR of 8.94%.
The laminating adhesives market consists of sales of laminating adhesives by entities (organizations, sole traders, and partnerships) that are used to produce films with new functions by laminating different films and for joining and assembling different materials surfaces. Laminating adhesives help in bonding a plastic film to the surface of a substrate by using heat and pressure to protect or enhance the appearance of the object and are widely used in transportation, packaging, industrial, and flexible packaging for food, medicines, medical supplies, and more.
The main resin types in laminating adhesives includes polyurethane, acrylic, and others. The polyurethane market consists of sales of laminating adhesives by entities (organizations, sole traders, and partnerships) made of urethane polymers. 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 good sort 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 others 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 technology 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 application, packaging, medical, food, and other.
Asia Pacific was the largest region in the laminating adhesives market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The laminating adhesives market is expected to benefit from growth in the automobiles industry during the forecast period. Laminating adhesives are used in structural, holding, and sealing applications in automobiles, applications in door panels, inserts and armrests, load floors, seat back panels, and headliners. For instance, the global motor vehicles 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.
New product development activities are key trends gaining popularity in the laminating adhesives market. Laminating adhesives companies are focusing on leveraging new materials and technologies for developing better products. For instance, in 2020, DIC Corporation developed the DICDRY LX-RP series of laminating adhesives for use in flexible packaging and are made from polyethylene terephthalate (PET) bottles. Also, in 2019, Italy-based Nordmeccanica and COIM Group collaborated to develop a new adhesive technology suitable for high production and quality performance in the lamination of high barrier structures in flexible packaging.
In August 2021, Arkema S.A, a French, specialty chemicals, and advanced materials company, announced the acquisition of Ashland's performance adhesive businesses with estimated sales of around $360 million. This acquisition helps Arkema Group's ambition to become a pure specialty materials player by 2024 and focus its development on sustainable and high-performance solutions. Ashland provides innovative technology solutions wide range of adhesives for flexible packaging. The company was founded in 1924, headquartered in the USA.
The countries covered in the Laminating Adhesives market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.