Laminating Adhesives Market 2018 - Global Forecast to 2023: Opportunities in Renewed Interest in Water-Based and Solventless Adhesives

12/3/2018, 3:47 PM (Source: GlobeNewswire)

Dublin, Dec. 03, 2018 (GLOBE NEWSWIRE) -- 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's offering.

The laminating adhesives market size is projected to grow from USD 2.5 billion in 2018 to USD 3.4 billion by 2023, at a CAGR of 6.9%.

The market is expected to witness growth owing to the increasing demand for laminating adhesives from various industries such as packaging, industrial, and automotive & transportation. The increasing urban population is a major factor for the rising demand for products such as medicines, beverages, FMCGs, and other consumer durables. However, stringent government regulations in the chemical industry are expected to hamper the growth of the market. Volatility in raw material prices might adversely affect the overall production cost of laminating adhesives.

The solvent-based technology segment is expected to hold the largest share of the overall laminating adhesives market during the forecast period.

The solvent-based technology segment accounted for the largest share of the overall laminating adhesives market in 2017. These adhesives are used in a variety of packaging applications. The solvent-based laminating adhesives offer properties such as high bond strength, lower emission, and lesser cure time. The solvent-based segment is expected to grow on the backbone of the food packaging industry, which is anticipated to witness high growth during the forecast period.

The laminating adhesives market in automotive & transportation end-use industry is expected to witness the highest CAGR during the forecast period.

Laminating adhesives are preferred as a replacement for nuts & bolts and other conventional techniques owing to the lesser energy spent in the production of adhesives. Also, the laminating adhesives provide more bonding strength than the conventional techniques. Laminating adhesives are used in body panels, fenders, grille opening reinforcement (GOR), heat shields, headlamp reflectors, pickup box in automotive. These will drive the demand for laminating adhesives.

APAC laminating adhesives market is estimated to register the highest CAGR during the forecast period.

The APAC laminating adhesives market is segmented into China, Japan, India, Indonesia, and Rest of APAC. The APAC region is a lucrative market for laminating adhesives owing to the increasing demand from packaging industries and improving economic conditions. Product innovations, new research and development projects, and increasing demand from various end-use industries have also fueled the demand for laminating adhesives in APAC.

The research study provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by market players such as Henkel (Germany), H.B. Fuller (US), Dow Chemical Company (US), and Arkema (Bostik) (France) among others.

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 Rising Demand From the APAC Region Increasing Demand for Customer-Friendly Packaging Growing Demand From End Users
5.2.2 Restraints Performance Barriers for Water-Based Adhesives
5.2.3 Opportunities Renewed Interest in Water-Based and Solventless Adhesives
5.2.4 Challenges 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 APAC is the Largest Market in the Food & Beverage Application
8.2.2 Pharmaceuticals Large Population Drives the Demand From the Healthcare Sector in APAC
8.2.3 Consumer Products 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 Growing Demand From Insulation Application is Driving the Market
8.3.2 Window Films Increasing Demand From Glazing Application is Expected to Boost the Market in This Segment
8.3.3 Electronics 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 China is the Largest Laminating Adhesives Market
9.2.2 Japan Japans Adhesive Industry is Declining Due to the Maturity of the Market
9.2.3 India India is Expected to Register the Highest CAGR in the Laminating Adhesives Market
9.2.4 South Korea Growth in the Automotive Industry Will Influence the Demand for Laminating Adhesives in South Korea Positively
9.2.5 Taiwan Domestic Consumption and Improved Infrastructural Investments are Driving the Market in Taiwan
9.2.6 Thailand Easy Availability of Raw Materials and Low Import Taxes are the Major Factors Driving Thailand's Economy
9.2.7 Malaysia 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 The Demand for Laminating Adhesives From Germany is High Due to Its Technological Leadership and Outstanding R&D
9.3.2 France The Packaging Industry is Expected to Drive the French Laminating Adhesives Market
9.3.3 UK The Developed Automotive Industry is Expected to Drive the Laminating Adhesives Market in the Uk
9.3.4 Italy Food & Beverage, Healthcare, and Consumer Goods Industries are Driving the Market
9.3.5 Russia Food Packaging Industry is Expected to Drive the Russian Laminating Adhesives Market
9.3.6 Turkey 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 US Dominates the North American Market Due to the High Demand for Flexible Packaging in the Country
9.4.2 Canada Food & Beverage and Pharmaceuticals Applications are the Major Consumers of Laminating Adhesives in Canada
9.4.3 Mexico 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 Growing Healthcare and Food Sectors are Expected to Propel the Demand for Laminating Adhesives
9.5.2 South Africa 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 Brazil is Expected to Account for the Largest Share of the South American Laminating Adhesives Market
9.6.2 Argentina Strategic Industrial Plan 2020 By the Government Will Boost the Demand for Laminating Adhesives
9.6.3 Colombia 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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Related Topics: Adhesives and Sealants 


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