Laminating Adhesives Market, 2023 by Technology (Solvent-based, Solventless, & Water-based), Resin (Polyurethane & Acrylic), End-Use Industry (Packaging, Industrial, and Automotive & Transportation)

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Dec 03, 2018, 13:30 ET

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The "Laminating Adhesives Market by Technology (Solvent-based, Solventless, and Water-based), Resin (Polyurethane and Acrylic), End-Use Industry (Packaging, Industrial, and Automotive & Transportation), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The laminating adhesives market exhibits high growth potential and is projected to reach a market size of USD 3.42 billion by 2023 from USD 2.45 billion in 2018, at a CAGR of 6.9%.

Laminating adhesives facilitate the bonding of a substrate on the surface of a substrate by using heat or pressure to protect or improve the appearance of the object. They offer excellent chemical and heat resistance properties, machine performance, transparency, wettability, and high initial and final bond strength, high slip, and compatibility suitable for a wide range of machine speeds. These adhesives are used in packaging materials of snack food, confectionery, meat, cheese, agricultural chemicals, and medical products. Flexible packaging requires flexibility, printability, permeability to water vapor, and permeability to carbon dioxide, which are provided by laminating adhesives.

Packaging and automotive & transportation are the key end-use industries of laminating adhesives. The use of laminating adhesives in food & beverage packaging application helps in the usage of films and foils for packaging and eliminates the use of glass and cans, thereby, reducing the overall cost and weight of packaging and making the product easy to handle. The use of laminating adhesives in flexible packaging offer advantages such as reduction in energy, material use, and packaging costs.

APAC is the largest laminating adhesives market and is also projected to register the highest CAGR due to the rising awareness about the use of eco-friendly adhesives and growing demand from the packaging, industrial, and automotive & transportation industries. This growing demand from the packaging industry is expected to drive the APAC laminating adhesives market during the forecast period.

The growing demand for processed and packaged food items and increasing preference for aesthetically appealing packaging is fueling the demand for flexible packaging, which in turn, is driving the market for laminating adhesives. The growth of the economies such as India and China, along with the expansion of the food & beverage and pharmaceutical industries are also driving the demand for laminating adhesives.

The increasing requirement for extended shelf life of products, along with preservation from contamination, are opening up new growth avenues for laminating adhesives manufacturers in the food & beverage and healthcare sectors.

The chemical industry is facing challenge from various regulatory authorities such as the Control of Substances Hazardous to Health (COSHH), the European Union (EU), the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), the Globally Harmonized System (GHS), and the Environmental Protection Agency (EPA) in Europe and North America. The manufacturers in Europe and North America are following these regulations regarding the production as well as the use of laminating adhesives for various applications to reduce the emission of VOCs.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities in the Laminating Adhesives Market
4.2 Laminating Adhesives Market Growth, By Resin
4.3 Laminating Adhesives Market in APAC, By End-Use Industry and Country
4.4 Laminating Adhesives Market Attractiveness
4.5 Laminating Adhesives Market, Developed vs Developing Countries
4.6 Laminating Adhesives Market: Growing Demand From APAC

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand From the APAC Region
5.2.1.2 Increasing Demand for Customer-Friendly Packaging
5.2.1.3 Growing Demand From End Users
5.2.2 Restraints
5.2.2.1 Performance Barriers for Water-Based Adhesives
5.2.3 Opportunities
5.2.3.1 Renewed Interest in Water-Based and Solventless Adhesives
5.2.4 Challenges
5.2.4.1 Implementation of Stringent Regulatory Policies
5.3 Porter's Five Forces Analysis
5.4 Macroeconomic Overview and Key Trends
5.4.1 Trends and Forecast of GDP
5.4.2 Trends in Automotive Industry

6 Laminating Adhesives Market, By Resin
6.1 Introduction
6.2 Polyurethane (PU)
6.2.1 Polyurethane is Likely to Be the Dominating Resin for Laminating Adhesives
6.3 Acrylic
6.3.1 Demand From Flexible Packaging Application is Expected to Boost the Acrylic Laminating Adhesives Market
6.4 Others

7 Laminating Adhesives Market, By Technology
7.1 Introduction
7.2 Solvent-Based
7.2.1 Solvent-Based Technology to Dominate the Laminating Adhesives Market
7.3 Water-Based
7.3.1 Growing Demand for Green and Sustainable Adhesives Drives the Water-Based Laminating Adhesives Market
7.4 Solventless
7.4.1 Solventless is Projected to Be the Fastest-Growing Technology for Laminating Adhesives
7.5 Others

8 Laminating Adhesives Market, By End-Use Industry and Application
8.1 Introduction
8.2 Packaging
8.2.1 Food & Beverage
8.2.1.1 APAC is the Largest Market in the Food & Beverage Application
8.2.2 Pharmaceuticals
8.2.2.1 Large Population Drives the Demand From the Healthcare Sector in APAC
8.2.3 Consumer Products
8.2.3.1 Growth of E-Commerce Industry and Increase in Consumer Awareness are Likely to Drive the Market in This Segment
8.3 Industrial
8.3.1 Insulation
8.3.1.1 Growing Demand From Insulation Application is Driving the Market
8.3.2 Window Films
8.3.2.1 Increasing Demand From Glazing Application is Expected to Boost the Market in This Segment
8.3.3 Electronics
8.3.3.1 Laminating Adhesives are Being Used in A Wide Range of Electronics Applications
8.3.4 Others
8.4 Automotive & Transportation
8.4.1 Automotive & Transportation is the Largest End-Use Industry of Laminating Adhesives in APAC

9 Laminating Adhesives Market, By Region
9.1 Introduction
9.2 APAC
9.2.1 China
9.2.1.1 China is the Largest Laminating Adhesives Market
9.2.2 Japan
9.2.2.1 Japans Adhesive Industry is Declining Due to the Maturity of the Market
9.2.3 India
9.2.3.1 India is Expected to Register the Highest CAGR in the Laminating Adhesives Market
9.2.4 South Korea
9.2.4.1 Growth in the Automotive Industry Will Influence the Demand for Laminating Adhesives in South Korea Positively
9.2.5 Taiwan
9.2.5.1 Domestic Consumption and Improved Infrastructural Investments are Driving the Market in Taiwan
9.2.6 Thailand
9.2.6.1 Easy Availability of Raw Materials and Low Import Taxes are the Major Factors Driving Thailand's Economy
9.2.7 Malaysia
9.2.7.1 Rising Consumer Spending and the Growing Food & Beverage Industry are Likely to Trigger the Demand for Laminating Adhesives
9.2.8 Rest of APAC
9.3 Europe
9.3.1 Germany
9.3.1.1 The Demand for Laminating Adhesives From Germany is High Due to Its Technological Leadership and Outstanding R&D
9.3.2 France
9.3.2.1 The Packaging Industry is Expected to Drive the French Laminating Adhesives Market
9.3.3 UK
9.3.3.1 The Developed Automotive Industry is Expected to Drive the Laminating Adhesives Market in the Uk
9.3.4 Italy
9.3.4.1 Food & Beverage, Healthcare, and Consumer Goods Industries are Driving the Market
9.3.5 Russia
9.3.5.1 Food Packaging Industry is Expected to Drive the Russian Laminating Adhesives Market
9.3.6 Turkey
9.3.6.1 Turkey is Rapidly Emerging as One of the Fastest-Growing Markets in Europe Due to the Undergoing Economic Revolution
9.3.7 Rest of Europe
9.4 North America
9.4.1 US
9.4.1.1 US Dominates the North American Market Due to the High Demand for Flexible Packaging in the Country
9.4.2 Canada
9.4.2.1 Food & Beverage and Pharmaceuticals Applications are the Major Consumers of Laminating Adhesives in Canada
9.4.3 Mexico
9.4.3.1 Automotive is Expected to Be the Fastest-Growing Application Segment of the Mexican Laminating Adhesives Market
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.1.1 Growing Healthcare and Food Sectors are Expected to Propel the Demand for Laminating Adhesives
9.5.2 South Africa
9.5.2.1 Growing Industrialization and Urbanization is Primarily Driving the Demand for Laminating Adhesives
9.5.3 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.1.1 Brazil is Expected to Account for the Largest Share of the South American Laminating Adhesives Market
9.6.2 Argentina
9.6.2.1 Strategic Industrial Plan 2020 By the Government Will Boost the Demand for Laminating Adhesives
9.6.3 Colombia
9.6.3.1 Automotive Industry Will Drive the Demand for Laminating Adhesives
9.6.4 Rest of South America

10 Competitive Landscape
10.1 Overview
10.2 Competitive Scenario
10.2.1 New Product Launch
10.2.2 Expansion
10.2.3 Acquisition

11 Company Profiles
11.1 Henkel AG
11.2 H.B.Fuller
11.3 3M
11.4 Dowdupont
11.5 Ashland
11.6 Arkema (Bostik)
11.7 Coim Group
11.8 Vimasco Corporation
11.9 Flint Group
11.10 DIC Corporation
11.11 Other Players
11.11.1 L.D.Davis
11.11.2 Masterbond
11.11.3 Paramelt
11.11.4 Franklin International
11.11.5 Weicon GmbH
11.11.6 Toyochem
11.11.7 Bond Tech Industries
11.11.8 Sapici
11.11.9 Fujifilm Corporation
11.11.10 Rla Polymers Nz Ltd.
11.11.11 Intertronics
11.11.12 Huber Group
11.11.13 Weilburger Holding GmbH.
11.11.14 Uflex Limited
11.11.15 Toyo-Morton
11.11.16 Beijing Comens New Materials

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