Laminating Adhesives Market to be Dominated by Construction Sector Applicability through 2028
Growing demand for flexible packaging is expected
to drive the Laminating Adhesives market in the forecast period 2024-2028
According to TechSci Research
report, “Laminating Adhesives Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the global Laminating
Adhesives Market is expected to grow at an impressive rate during the forecast period,
2024-2028. A significant factor fueling the growth of
the laminating adhesives market is the increase in the use of laminates for
furniture and wall decorating due to increased developmental projects. The use
of laminate is expected to expand in the upcoming years owing to rising
environmental consciousness, increased demand for sustainable agriculture, and
protective lamination for interior walls and floors, which is expected to further
fuel the expansion of the laminating adhesive market. According to an article by
the Global Construction Review (GCR), construction production worldwide is
predicted to increase by 35% from 2010 to 2030, reaching USD 15.2 trillion by
2030, or 13.5% of the global GDP. The need for the expansion of the laminate adhesives is
expected to be fueled by the expanding construction industry throughout the
world, which is expected to be followed by a strong uptick in interior design,
with laminates for the floors, walls, and wood.
Furthermore, the market is
being further driven by the extensive use of laminating adhesives in pharmaceuticals,
food & beverage industry, and automobile. However, the high capital
cost and energy consumption can slow down the market growth. Moreover, growing
concerns regarding disposal can further slow down the market growth.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Laminating Adhesives Market"
Global Laminating
Adhesives Market is segmented based on resin type, technology, application, and
region.
Based on resin type,
the market is further divided into polyurethane, acrylic, and others.
Polyurethane is expected to hold the largest market
share during the forecast period, 2024-2028. Polyurethane
laminating adhesives are utilized in various applications owing to their high
toughness, abrasion resistance, flexibility (especially at low temperatures),
and good adhesion quality.
Based on technology, the market is segmented into
solvent-based, water-based,
and others. The water-based
segment is expected to grow at the highest rate during the forecast period. This
can be attributed to several advantages such as green strength, excellent food
safety, and reduction in operational time.
Based on application, the
market is further split into packaging, pharmaceuticals, automotive, industrial,
construction, and others.
The pharmaceutical segment is expected to have the highest market share during
the forecast period. This can be attributed to the demand for tablets, pouches,
and medical devices, which is expected to assist the market growth over the
long term.
Major
companies operating in the global laminating adhesives market are:
- 3M
Co.
- Henkel
AG & Co KGaA
- HB
Fuller Co.
- Bostik
SA
- Morchem
SA
- Ashland
Inc.
- Sun
Chemical Corp.
- Flint
Group GmbH
- Coim
USA Inc.
- Vimasco
Corp.
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“Asia
Pacific region is expected to grow at the highest rate during the forecast
period. Long-term demand for
lamination adhesives is expected to be attracted by consumer goods, healthcare,
and automotive industries will likely see increased production capacity as a
result of investments in new manufacturing facilities, which would likely accelerate
market growth. Additionally, in Europe, increasing health awareness and high
consumer spending on food and beverage are the key factors contributing to the market’s
long-term growth,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Laminating Adhesives Market- Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Resin Type
(Polyurethane, Acrylic, Others), By Technology (Solvent Based, Water Based,
Others), By Application (Packaging, Automotive, Industrial, Construction,
Others), By Region and Competition, has
evaluated the future growth potential of global laminating adhesives market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global laminating adhesives market.”
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