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Tuesday, May 31, 2022

Global Laminating Adhesives Market to be Driven by Rising Applications in Packaging Applications in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Laminating Adhesives Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global laminating adhesives market, assessing the laminating adhesives market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Forecast CAGR (2022-2027): 10%

The global market for laminating adhesives is being driven by rising applications in flexible packaging solutions. The rising use of laminating adhesives is due to the increasing concern about waste generation and emissions. The water-based variants of laminating adhesives are also being used for high-performance laminations and one-part systems for applications related to outdoor in the automotive sector, hence providing impetus to the market. Moreover, factors such as rising disposable income, growing middle-class population, and changing lifestyles have collectively propelled the demand for healthy packaging solutions in the food and beverage sector, which is boosting the growth of the market.

Industry Definition and Segmentation

Laminating adhesives are adhesives deployed in the development of films with superior properties. They have high peel strength, excellent durability, and stability, as well as high-tunnelling resistance, due to which they are widely utilised in flexible packaging applications. Laminating adhesives find extensive applications in the manufacturing of industrial fabrics and cable wraps, among others.

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On the basis of type, the market can be divided into:

  • Solvent-borne
  • Water-borne
  • Solvent-less
  • Others

Based on application, the market can be segmented into:

  • Packaging
    • Food Packaging
    • Medical Packaging
    • Others
  • Industrial
  • Transportation
  • Others

The regional markets for laminating adhesives include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The growing applications of laminated food adhesives in packaging applications catering to the healthcare sector are boosting the market growth. This trend is being supported by the rising consumer awareness pertaining to the health benefits of healthy packaging. This rising demand for packaged goods has led numerous food and beverage MNCs to set up their manufacturing facilities in multiple locations, which has resulted in an increasing demand for packaging, hence positively influencing the demand for laminating adhesives. The increasing development of production facilities and capacities in the consumer goods, medical, and automotive sectors is another factor expected to push the growth of the market.

Key Market Players

The major players in the market are Henkel AG & Co. KGaA, 3M Company, Evonik Industries AG, DIC India Limited, and DuPont de Nemours, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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