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Global Laminating Adhesives Market by Resin Type (Polyurethane, Acrylic, Others), Technology (Solvent-based, Water-Based, Solvent-less), End-Use Industry (Packaging (Food & Beverages, Pharmaceuticals, Consumer Products), Industrial, and Region (2023-2028)

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    Report

  • 311 Pages
  • May 2023
  • Region: Global
  • Markets and Markets
  • ID: 4828650

Increasing Demand for Customer-Friendly Packagin

The laminating adhesive market size is projected to reach USD 5.1 billion by 2028 at a CAGR of 5.8% from USD 3.6 billion in 2022. The Polyurethane, by resin type segment is estimated to account for the largest share of the laminating adhesives market in 2022.  

Polyurethane, by resin type likely to account for the largest share of laminating adhesives market

Rubber, fabrics, metal, paper, wood, and plastic all adhere well to polyurethane laminating adhesives. They are suited for substrates that are sensitive to heat because of their exceptional resistance to solvents and chemical products as well as their low application temperature.  Flexible packaging and industrial applications use polyurethane laminating adhesives, which can be used on a variety of polyester, aluminium, foil, paper, cardboard, and metalized materials.

Solvent-less technology accounted for the fastest growing segment of laminating adhesives market

Solvent-less offer performance advantages such as high-temperature resistance, long-term durable bonds, and high bond strength. Solvent-less laminating adhesives are used in the assembly operation of cars and other vehicles. Solvent-less adhesives are also used in roof linings and bonding of seat units in the automotive industry. They can also be used to bond emblems as well as anchor plates onto gear knobs.

Automotive & Transportation, by end-use industry accounted for the fastest growing segment of laminating  adhesives market

Laminating adhesives are a preferred replacement for nuts & bolts owing to the lesser energy required in their production. In addition, they provide more bonding strength than mechanical fasteners. The important factors for the growth of the laminating adhesives market in the automotive & transportation industry are the increasing need for making lightweight vehicles and stringent regulations by environmental agencies.

Middle East & Africa, by region is forecasted to be the fastest growing segment of laminating  adhesives market during the forecast period

The increasing per capita income has increased the spending capacity of consumers in Middle Eastern & African countries. The increase in urbanization and industrialization are the major factors driving the packaging industry, which in turn, is expected to support the laminating adhesives market in the region. The demand for flexible packaging in the Middle East & Africa is growing with the rapid growth of the food & beverages industry.

Saudi Arabia has the largest share in the laminating adhesives market in the Middle East & Africa. The growing per capita income is contributing to the demand for FMCGs, which, in turn, increases the demand for laminating adhesives in Saudi Arabia.

Breakdown of Primary Interviews:

  • By Company Type: Tier 1 - 60%, Tier 2 - 30%, and Tier 3 -  10%
  • By Designation: C Level - 40%, D Level - 50%, and Others -10%
  • By Region: Asia Pacific - 32%, North America - 32%, Europe - 21%, South America- 10%, and the Middle East & Africa - 5%

The key companies profiled in this report are Henkel AG (Germany), 3M (US), H.B. Fuller (US), The Dow Chemical Company (US), Arkema S.A. (France).

Research Coverage:

The laminating adhesives market has been segmented based on Resin Type (Polyurethane, Acrylic, Others), Technology (Solvent-based, Water-Based, Solvent-less), End-Use Industry (Packaging (Food & Beverages, Pharmaceuticals, Consumer Products), Industrial (Insulation, Window Films, Electronics, and Other Applications), and Automotive & Transportation), and by Region (Asia Pacific, North America, Europe, South America, and Middle East & Africa).

This report provides insights on the following pointers:

  • Analysis of key drivers (Rising demand from Asia Pacific region, Increasing demand from customer-friendly packaging, growing demand from the packaged food industry), restraints (Environmental regulations in North America and Europe), opportunities (Growing trend of water-based & solvent-based adhesives), and challenges (Health issues by formation of Primary Aromatic Amines (PAA)) influencing the growth of the laminating adhesives market.
  • Product Development/Innovation: Detailed insight of upcoming technologies, research & development activities, and new product launch in the laminating adhesives market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the laminating adhesives market across varied regions.
  • Market Diversification: Exclusive information about the new products & service untapped geographies, recent developments, and investments in laminating adhesives market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Henkel AG (Germany), 3M (US), H.B. Fuller (US), The Dow Chemical Company (US), Arkema S.A. (France), among other in the laminating adhesives market.
Frequently Asked Questions about the Global Laminating Adhesives Market

What is the estimated value of the Global Laminating Adhesives Market?

The Global Laminating Adhesives Market was estimated to be valued at $3.6 Billion in 2023.

What is the growth rate of the Global Laminating Adhesives Market?

The growth rate of the Global Laminating Adhesives Market is 5.8%, with an estimated value of $5.1 Billion by 2028.

What is the forecasted size of the Global Laminating Adhesives Market?

The Global Laminating Adhesives Market is estimated to be worth $5.1 Billion by 2028.

Who are the key companies in the Global Laminating Adhesives Market?

Key companies in the Global Laminating Adhesives Market include 3M, Arkema S.A., Bond Tech Industries, Chemline India Ltd., Coim Group, Dic Corporation, Dupont, Dymax Corporation, Flint Group and Franklin International.

Table of Contents

1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.2.1 Market Inclusion
1.2.2 Market Exclusion
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
1.7 Summary of Changes
1.7.1 Recession Impact

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Growth Forecast Approach
2.4 Impact of Recession
2.5 Data Triangulation
2.6 Assumptions
2.7 Limitations
2.8 Risk Analysis and Factor Analysis
2.9 Growth Rate Assumptions/Growth Forecast

3 Executive Summary4 Premium Insights
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Value Chain Analysis
5.3.1 Raw Material
5.3.2 Manufacturers
5.3.3 Distribution
5.3.4 End-User
5.4 Porter's Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Buyers
5.4.4 Bargaining Power of Suppliers
5.4.5 Intensity of Competitive Rivalry
5.5 Key Stakeholders & Buying Criteria
5.6 Macroeconomic Indicators
5.6.1 Introduction
5.6.2 Gdp Trends and Forecast
5.7 Key Industry Trends
5.7.1 Trends in Automotive Industry
5.8 Technology Analysis
5.9 Case Study Analysis
5.10 Pricing Analysis
5.10.1 Average Selling Price, by Region
5.10.2 Average Selling Price, by Resin Type
5.10.3 Average Selling Price, by Technology
5.10.4 Average Selling Price, by End-Use Industry
5.10.5 Average Selling Price of Key Players, by End-Use Industry
5.11 Trade Data Statistics
5.12 Global Economic Scenario and Impact of Slowdown/Recession
5.13 Laminating Adhesives Ecosystem & Interconnected Markets
5.14 Trends/Disruption Impacting Buyers/Customers
5.15 Tariffs & Regulation Landscapes and Standards
5.16 Regulatory Bodies, Government Agencies, and Other Organizations
5.17 Patent Analysis
5.17.1 Methodology
5.17.2 Publication Trends
5.17.3 Top Juridiction
5.17.4 Top Applicants
5.18 Key Conferences & Events in 2023-2024

6 Laminating Adhesives Market, by Resin Type
6.1 Introduction
6.2 Polyurethane
6.3 Acrylic
6.4 Others

7 Laminating Adhesives Market, by Technology
7.1 Introduction
7.2 Solvent-Based
7.3 Water-Based
7.4 Solvent-Less
7.5 Others

8 Laminating Adhesives Market, by End-Use Industry and Application
8.1 Introduction
8.2 Packaging
8.2.1 Food & Beverage
8.2.2 Pharmaceuticals
8.2.3 Consumer Products
8.3 Industrial
8.3.1 Insulation
8.3.2 Window Films
8.3.3 Electronics
8.3.4 Other Applications
8.4 Automotive & Transportation

9 Laminating Adhesives Market, by Region
9.1 Introduction
9.2 Asia-Pacific
9.2.1 Introduction
9.2.2 Impact of Recession in Asia-Pacific
9.2.3 China
9.2.4 India
9.2.5 Japan
9.2.6 South Korea
9.2.7 Taiwan
9.2.8 Thailand
9.2.9 Malaysia
9.2.10 Rest of Asia-Pacific
9.3 North America
9.3.1 Introduction
9.3.2 Impact of Recession in North America
9.3.3 US
9.3.4 Canada
9.3.5 Mexico
9.4 Europe
9.4.1 Introduction
9.4.2 Impact of Recession in Europe
9.4.3 Germany
9.4.4 France
9.4.5 UK
9.4.6 Italy
9.4.7 Russia
9.4.8 Turkey
9.4.9 Rest of Europe
9.5 Middle East & Africa
9.5.1 Introduction
9.5.2 Impact of Recession in Middle East & Africa
9.5.3 Saudi Arabia
9.5.4 South Africa
9.5.5 Rest of Middle East & Africa
9.6 South America
9.6.1 Introduction
9.6.2 Impact of Recession in South America
9.6.3 Brazil
9.6.4 Argentina
9.6.5 Colombia
9.6.6 Rest of South America
  • (Note: The Above Listed Countries are Tentative, It Can be Modified Upon the Client's Preference)
10 Competitive Landscape
10.1 Introduction
10.1.1 Overviews of Strategies Adopted by Key Players
10.2 Company Evaluation Quadrant Matrix, 2022
10.2.1 Stars
10.2.2 Emerging Leaders
10.2.3 Participants
10.2.4 Pervasive Players
10.3 Strength of Product Portfolio
10.4 Start-Ups/Smes Evaluation Matrix, 2022
10.4.1 Progressive Companies
10.4.2 Starting Blocks
10.4.3 Responsive Companies
10.4.4 Dynamic Companies
10.5 Market Share Analysis
10.6 Ranking of Key Players
10.7 Top 5 Key Players Revenue Analysis
10.8 Competitive Benchmarking
10.9 Competitive Scenario
10.9.1 Market Evaluation Framework
10.9.2 Market Evaluation Matrix
10.10 Strategic Developments (Competitive Situations and Trends)
10.10.1 Product Launches
10.10.2 Deals
10.10.3 Others

11 Company Profile
11.1 Henkel AG
11.1.1 Business Overview
11.1.2 Products Offered
11.1.3 Recent Development
11.1.4 Analyst's View
11.1.4.1 Key Strengths
11.1.4.2 Strategic Choices Made
11.1.4.3 Threat from Competition
11.2 3M
11.3 H.B. Fuller
11.4 The Dow Chemical Company
11.5 Arkema S.A.
11.6 Sika AG
11.7 Dic Corporation
11.8 Pidilite Industries
11.9 Dupont
11.10 Flint Group
11.11 Other Market Players
11.11.1 Coim Group
11.11.2 Vimasco Corporation
11.11.3 Jubilant Industries
11.11.4 Franklin International
11.11.5 Master Bond Inc.
11.11.6 Fujifilm Corporation
11.11.7 Dymax Corporation
11.11.8 Bond Tech Industries
11.11.9 L.D. Davis
11.11.10 Huber Group
11.11.11 Weilburger Holdings GmbH
11.11.12 Uflex Limited
11.11.13 Toyo-Morton Ltd.
11.11.14 Paramelt B.V.
11.11.15 Chemline India Ltd.

12 Appendix

Executive Summary

Companies Mentioned

  • 3M
  • Arkema S.A.
  • Bond Tech Industries
  • Chemline India Ltd.
  • Coim Group
  • Dic Corporation
  • Dupont
  • Dymax Corporation
  • Flint Group
  • Franklin International
  • Fujifilm Corporation
  • H.B. Fuller
  • Henkel AG
  • Huber Group
  • Jubilant Industries
  • L.D. Davis
  • Master Bond Inc.
  • Other Market Players
  • Paramelt B.V.
  • Pidilite Industries
  • Sika AG
  • The Dow Chemical Company
  • Toyo-Morton Ltd.
  • Uflex Limited
  • Vimasco Corporation
  • Weilburger Holdings GmbH

Methodology

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