Laminating adhesives can be defined as the adhesives that helps to bond a variety of substrates and provides superior benefits such as gas permeability, flame resistance, optical clarity, electrical insulation, and chemical and heat resistance. Laminating adhesives can be categorized as solvent based, solvent free, water-based, hot melt, and radiation curable. The demand for water-based laminating adhesives is increasing due to increasing regulations against volatile organic compound (VOC) emissions. These adhesives are primarily used in food packaging applications due to rising awareness about the product materials used for packaging. It also finds application in pharmaceuticals packaging, automotive interiors, construction materials, floor basecoat, and electrical materials among others.
Some of the key players in the global laminating adhesives market are LD Davis (US), 3M (US), Vimasco Corporation (US), DowDuPont (US), Coim Group (Italy), Henkel AG & Co. KGaA (Germany), Bostik (US), Ashland (US), H.B. Fuller Company (US), Toyo-Morton, Ltd (Japan), and Flint Group (Luxembourg),
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The global laminating adhesives market has been segmented by type, resin, application, and region. Based on type, the market has been segmented into solvent-based, solvent free, water-based, hot melt, radiation curable, and others. The demand for water-based laminating adhesives is increasing in end-use industries on account of increasing regulations against VOC emissions that occurs when solvent-based adhesives are used. Water-based adhesives are manufactured using natural occurring materials such as dextrins, sodium silicates, and natural rubber. The demand for water-based adhesives is increasing in numerous applications including flexible packaging and automotive among others.
Solvent free laminating adhesives are being widely preferred in wet environment and also, in food applications due to growing awareness about the material safety used for packaging. Solvent based laminates are used in both food and non-food applications such as automotive interiors, construction material, and electrical materials among others.
Based on resin, the market has been segmented into polyether urethane, polyester, polyester urethane, acrylic, and others. Acrylic segment accounted for the largest share of the global laminating adhesives in 2017. This market growth can be attributed to the superior benefits offered such as cost effectiveness and ability to provide bonds for all materials ranging from flexible and tough to rigid and hard.Based on application, the market has been segmented into packaging, automotive interiors, construction materials, floor basecoat, electrical materials, and others. Packaging has been further sub-segmented into food, medical, and others. Packaging segment accounted for the largest market share on account of increasing demand in flexible packaging applications especially food. Automotive interior segment is likely to drive the market growth at a significant rate on account of increasing production of vehicles globally.
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Based on region, the laminating adhesives market has been classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the largest share of the laminating adhesives market on account of the growing end-use industries in the region, especially the food & beverage, packaging, and pharmaceutical. An expanding population base and rising disposable income of consumers are the other factors driving market growth.
North America is a prominent market for laminating adhesives due to the growing flexible packaging industry as a result of the increasing consumption of packaged beverages and food products.
The European market is expected to grow at a considerable rate during the review period. The expanding automotive and pharmaceuticals industry are propelling market growth.
The markets in Latin America and the Middle East & Africa are likely to register moderate growth during the review period as a result of the growing industrial base in these regions.
LIST OF TABLES:
Table 1 Global Laminating Adhesives Market: By Region, 2016−2023
Table 2 North America: Laminating Adhesives Market, By Country, 2016−2023
Table 3 Europe: Laminating Adhesives Market, By Country, 2016−2023
Table 4 Asia-Pacific: Laminating Adhesives Market. By Country, 2016−2023
Table 5 Middle East & Africa: Laminating Adhesives Market, By Country, 2016−2023
Table 6 Latin America: Laminating Adhesives Market, By Country, 2016−2023
Table 7 Global Laminating Adhesives Type Market, By Regions, 2016−2023
Table 8 North America: Laminating Adhesives Type Market, By Country, 2016−2023
Table 9 Europe: Laminating Adhesives Type Market, By Country, 2016−2023
Table10 Asia-Pacific: Laminating Adhesives Type Market, By Country, 2016−2023
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