Exploring the Future of Laminating Adhesives: Market Projections and Trends for 2028| MarketsandMarkets™
Laminating adhesives are used in a wide variety of industries, from packaging to automotive and aerospace applications. They are used to bond layered materials such as paper, plastic, metal, wood, and fabrics. They provide a strong, permanent bond and can be used for both interior and exterior applications. Laminating adhesives are typically solvent-based and require a primer or a surface treatment prior to application. The demand for laminating adhesives is expected to grow due to the increasing demand for lightweight materials and the need for better adhesion and strength. The global laminating adhesives market exhibits high growth potential and is projected to reach a market size of USD 5.1 billion by 2028 from USD 3.6 billion in 2022, at a CAGR of 5.8%.
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The laminating adhesives market serves various end-user industries. Some prominent industries that extensively use laminating adhesives include:
- Packaging Industry: Laminating adhesives are widely employed in the packaging industry for bonding multiple layers of flexible packaging materials together. They are used in applications such as pouches, sachets, bags, labels, and laminated films for food, beverage, pharmaceuticals, and other consumer goods.
- Automotive Industry: Laminating adhesives find application in the automotive sector for bonding and laminating different materials, such as fabrics, foams, and trims. They are used in interior components, headliners, door panels, and acoustic insulation.
- Building and Construction: Laminating adhesives are used in the building and construction industry for bonding and laminating materials like wood, laminates, veneers, and decorative surfaces. They are utilized in applications such as flooring, furniture, wall panels, and architectural elements.
- Furniture Industry: Laminating adhesives are essential in the furniture manufacturing sector for bonding laminates, veneers, and decorative surfaces to substrates like wood or particleboard. They provide durability, strength, and aesthetic appeal to furniture products.
- Electronics and Electrical Industry: Laminating adhesives are used in the electronics industry for bonding and encapsulating components, PCBs (printed circuit boards), and display screens. They provide electrical insulation, protection against moisture, and bonding strength.
- Textile Industry: Laminating adhesives find application in the textile industry for laminating fabrics and creating functional textile composites. They are used for applications such as sportswear, outdoor apparel, upholstery, and protective clothing.
- Medical and Healthcare Industry: Laminating adhesives are utilized in the medical and healthcare sector for bonding and laminating materials used in medical devices, surgical dressings, and healthcare products. They provide strong and secure adhesion while maintaining biocompatibility and sterilization resistance.
- Others: Laminating adhesives are also used in various industries such as aerospace, marine, footwear, and sports equipment manufacturing, where bonding and lamination of different materials are required.
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The polyurethane segment dominates the overall laminating adhesives market.
The polyurethane segment is projected to be the fastest-growing segment of the global laminating adhesives market during the forecast period. It is primarily used in the packaging and construction industry due to its excellent properties, such as high adhesion strength, good abrasion resistance, low water permeability, and low volatile organic compound (VOC) emissions. Polyurethane laminating adhesives are known for their superior performance, durability, and resistance to chemicals, which makes them suitable for a wide range of applications, such as flooring and furniture, automotive interiors, and packaging. The increasing demand for polyurethane laminating adhesives in the packaging and construction industry is expected to drive the growth of the market during the forecast period.
Solvent-based technology dominates the overall laminating adhesives market.
Solvent-based laminating adhesives are widely used in various end-use industries. These are mainly used in the manufacturing of paper and paperboard, non-woven, textile, and plastic laminates. The solvent-based laminating adhesives are also used for the lamination of floor laminates, wood-based panels, and decorative laminates. These adhesives offer superior adhesion and excellent chemical resistance, which makes them suitable for a wide range of applications. The solvent-based laminating adhesives are available in various forms, such as hot melts, pastes, and coatings. They have high thermal stability and provide excellent bonding characteristics.
APAC is the largest laminating adhesive market in the forecast period.
The Asia Pacific region is expected to be the largest and fastest-growing laminating adhesive market during the forecast period. This growth is attributed to the increasing demand for laminating adhesives from various end-use industries, such as packaging, automotive, construction, and consumer goods, in the region. The growth of the packaging industry in the Asia Pacific region is likely to create a high demand for laminating adhesives. The increasing urban population, rising disposable incomes, and growing consumer spending in the region are the key drivers of the packaging industry. Moreover, the increasing demand for laminating adhesives for applications in the automotive and construction industries is also expected to drive the growth of the Asia Pacific laminating adhesive
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The key players profiled in the laminating adhesives market are Henkel AG & Co. KGaA, Saint-Gobain S.A., 3M, H.B. Fuller, Sika AG, Avery Dennison Corporation, Bostik SA, DowDuPont Inc, Franklin International, Huntsman Corporation, Illinois Tool Works Inc, Mapei Corporation, RPM International Inc., Ashland Inc, BASF SE and others.
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