Laminating Adhesives Market - Forecast (2020 - 2025)

The laminating adhesives market is exhibiting strong growth because of improving economies, and growing food and pharmaceutical sectors in developing and developed regions. The automotive and construction industries have been the prominent end-user industries for laminating adhesives. Mainly driven by the strong infrastructural growth and rise in restoring trend. Technological advancements as well as the growing middle class population in various geographies is all set to boost the demand for laminating adhesives in the near future. The Laminating Adhesives Market is estimated to grow at a CAGR of 4.80% during the forecast period 2020–2025. APAC is the prominent region for Laminating Adhesives Market and is estimated to grow at a CAGR of 6.08% during the forecast period. The growth in APAC can be attributed to the increasing automotive and constructional activities. Moreover, considerable laminating adhesives demand in the Americas and European countries is likely to boost the overall market.

Laminating Adhesives Market Outlook

In this report, the laminating adhesives market has been segmented based on the type of adhesives and their applications. The market has primarily been segmented on the basis of the type of adhesives commercially available, which include water-based, solvent-based, solvent-less, and others. The market has also been explored on the basis of the different applications wherein these adhesives are applied. Laminating adhesives find their applications in various industries flexible packaging, automotive, industrial and others. The Flexible packaging segment is the major application area for laminating adhesives. The report also profiles the leading market players, taking into account their respective financial standings, business strategies, product portfolio and recent developments.

According to findings, the water-based laminating adhesives segment will hold the largest market share during the forecast period. The segment is estimated to grow at a CAGR of 5.47% to reach $3,365.20m by 2025.

Laminating Adhesives Market Growth Drivers

The new technologies in laminating adhesives assist in increased safety and sustainability for flexible packaging. Increased environmental and safety concerns have prompted the manufacturer to opt for laminating adhesives over traditional solvent-based products in flexible food packaging.

Implementation of film laminated structure is one of the significant advances in flexible packaging. It allows the different properties of various structures to provide unique packaging protection. Lamination can be performed using adhesives, heat sealable coatings, or extrusion lamination. With water as their main component, unlike solvent-based adhesives, these adhesives only discharge moisture into the atmosphere during drying, thereby reducing VOC emission. Another major advantage of choosing water-based adhesives is that they can be used on a range of substrates including natural and synthetic textiles, plastics, metallic films and many more. They maintain a stable bond over time equal to or greater than the solvent alternatives.

Laminating Adhesives Market Challenges

The health issues posed by formation of Primary Aromatic Amines (PAA) are some of the challenges faced by the laminating adhesives market. PAAs are formed if the adhesives are not fully cured before the laminate is filled with food – residual isocyanate monomers in the adhesive react with the moisture that is found in foods and form PAAs.

PAAs stand out among the non-intentionally added substances (NIAS) found in flexible packaging since PAAs have been identified as carcinogenic. Because of this specific hazard special attention must be paid to ensure that they do not migrate into food.  

Laminating Adhesives Market

Laminating Adhesives Market Research Scope

The base year of the study is 2020, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the fiber cement in Laminating Adhesives Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of laminating adhesive, and their specific applications in various industry verticals.

Laminating Adhesives Market Report: Industry Coverage

• Types of Laminating Adhesives: Solvent less, Water base, Solvent base and others.

• Applications of Laminating Adhesives: Flexible Packaging, Industrial/Construction, Automotive and others.

The Laminating Adhesives Market report also analyzes the global region for the market.

The regions and countries covered in the study include:

• Americas (North America and South America)

• Europe (France, Germany, U.K, Italy, Spain, and Rest of Europe)

• Asia-Pacific (China, India, Japan, South Korea and Rest of Asia-Pacific)

• Rest of the World (Middle East and Africa)

Laminating Adhesives Market Key Players Perspective

Henkel and H.B. Fuller are amongst the key players in the laminating adhesives market. In 2020, Henkel held 6.94% of the market share, while H.B.Fuller held a market share of 4.22%.

Bostik (Arkema), is one of the world leading suppliers of laminating adhesive and other specialty purpose adhesives. The company was acquired by Arkema in February 2020. Arkema is a global speciality chemical manufacturer. It provides coating solutions, high performance materials, such as thermoplastic materials, and industrial specialities, such as chemical intermediates..

Laminating Adhesives Market Trends

Laminating adhesives assure proper bonding of different metal substrates or plastics with each other or different substrates, thereby ensuring proper lamination of materials. They are used in the packaging of medicines, and laminating of medical trays, and other surgical equipment. Laminating adhesives are industrially used in the lamination of roofs, window glass, textiles, and medical wear. In the automotive industry, lamination adhesives are used in interior dash board laminations, seat laminations, and door panel laminations, thereby providing superior quality and appearance.