市場調查報告書
商品編碼
1069243
全球複合膠粘劑市場預測(2021-2028)Laminating Adhesives - Global Market Outlook (2021 - 2028) |
全球層壓膠粘劑市場預計將在 2021 年達到 29 億美元,到 2028 年達到 52.7 億美元,並在預測期內以 8.9% 的複合年增長率增長。
本報告對全球層壓膠粘劑市場進行研究和分析,並提供市場趨勢、競爭狀況、按細分市場/地區劃分的市場分析以及主要公司概況等系統信息。
According to Stratistics MRC, the Global Laminating Adhesives Market is accounted for $2.90 billion in 2021 and is expected to reach $5.27 billion by 2028 growing at a CAGR of 8.9% during the forecast period. Laminating Adhesives are used for joining and gathering of various material surfaces. It is specially designed to append or fix two distinct surfaces together. It is generally applicable in minimizing weight, vibration-dampening joint and spillage control of liquids or gases. It has its application in different industrial and domestic uses.
Market Dynamics:
Driver:
Rising demand for low volatile organic compounds
The increasing demand of low volatile organic compounds and environmentally sustainable adhesives are some of the predominant driver of the global laminating adhesive market. Moreover, the major end user market of laminating adhesive such as automobiles construction, woodworking, transportation, footwear, and packaging has witnessed a healthy growth over the last few years which in turn driving the growth of the global laminating adhesive market.
Restraint:
Performance limitations of water-based adhesives
The drying and curing of water-based adhesives require more time than that taken by solvent-based adhesives. In addition, water-based adhesives have flow properties that change with humidity, affecting the coating application. During high humidity, water does not easily evaporate, resulting in poor cure and a decrease in performance. Water-based adhesives are also sensitive to freezing conditions. Many water-based adhesives are no longer usable after freezing. Though solvent-based adhesives do not have such performance issues, the consumption of these adhesives is declining due to environmental concerns and regulatory policies.
Opportunity:
Growing trend of water -based & solvent -less adhesives
Stringent environmental regulations are playing a vital role in driving the water-based laminating adhesives market. The use of water-based laminating adhesives is increasing due to the growing concern regarding the generation of waste and emissions. Water-based laminating adhesives are also being used for high-performance laminations and one-part systems for outdoor applications in the automotive industry. The growing interest in water-based laminating adhesives is expected to increase the demand for acrylic and maleic resins, which account for a major share of all water-based adhesives manufactured, globally.
Threat:
Stringent regulatory policies
The chemical industry is facing challenges from regulatory authorities such as the Control of Substances Hazardous to Health (COSHH), the European Union (EU), Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), Globally Harmonized System (GHS), and the Environmental Protection Agency (EPA) in Europe and North America. Manufacturers in Europe and North America need to comply with these regulations regarding the production and usage of laminating adhesives in various applications to reduce VOC emissions. This has affected the production of the companies that are mainly into manufacturing laminating adhesives through solvent-based technology. In order to comply with these regulations, manufacturers are required to shift from solvent-based to water-based technology. This is a major threat for the market players.
The polyurethane segment is expected to be the largest during the forecast period
Polyurethane laminating adhesives are made of urethane polymers. Urethane is produced through a chemical reaction between diisocyanate and polyol. Polyurethane laminating adhesives are used in various applications because of their high toughness, abrasion resistance, flexibility, and adhesion to a wide variety of substrates. They possess various properties such as flexibility and strength, low cure temperature, excellent low-temperature resistance, and high environmental resistance. One-component polyurethane adhesives can be elastic or rigid, depending on the structure of thermoset or elastomer and curing techniques. They have relatively high shear and peel strength and are moisture-sensitive. Polyurethane laminating adhesives can be either one-component or two-component.
The packaging segment is expected to have the highest CAGR during the forecast period
Packaging is one of the key factors considered by the firms engaged in the manufacturing industry. With the growing number of manufacturing units, food processing plants, and increasing industrial production, the global packaging industry is witnessing robust growth. In the last few years, the packaging industry has been experiencing a transition, where the manufacturing and industrial sector has been adapting to flexible packaging. Owing to this, the rigid packaging industry is losing its share to the flexible packaging industry in the global packaging industry. Laminating adhesives are extensively used in flexible packaging. Laminating in flexible packaging is a process where two or more packaging webs are joined together using a bonding agent. These webs can be in the form of films, papers, or aluminum foils. Laminating adhesive is applied to the less absorbent substrate of the web, which is then pressed against the second web.
Region with largest share:
Asia Pacific is projected to hold the largest market share owing to the growing manufacturing activities and the increasing need for flexible packaging in countries, such as China, India, and Japan. The region is the largest consumer for the packaging industry, owing to the demand for food in major economies, such as China, India, and Japan. Compared to other countries, China is a late starter in the packaging industry, which, however, has grown to a large-scale industry over the decades. Additionally, the market competition in China has become increasingly fierce in the food and beverage industry, which has enabled companies to tap into overseas markets, with an aim to seek more resources and business opportunities.
Region with highest CAGR:
Europe is projected to have the highest CAGR due to the increased health awareness among the population and increased consumer spending on food and beverage and other consumer goods products. With the increasing share of the geriatric population in some countries, healthcare needs are increasing at a rapid pace. Lamination adhesive products find a wide application in healthcare packaging in the bonding of paper, plastic, and aluminum.
Key players in the market
Some of the key players profiled in the Laminating Adhesives Market include 3M, Dowdupont Inc., Henkel AG & Co. KGaA, Fujifilm Corporation, Arkema (Bostik), H.B. Fuller Company, Vimasco Corporation, Flint Group, DIC Corporation, Coim Group, Ashland Inc., Masterbond, Jubilant Industries, Dymax Corporation, and Franklin International.
Key developments:
In August 2021: Arkema (Bostik) has acquired the performance adhesive businesses for industrial application. This operation marks a major step in Arkema's strengthening of its Adhesive Solutions segment, and fully aligns with the Group's strategy to become a pure Specialty Materials player.
In December 2020: DIC Corporation announced introducing a series of new eco-friendly dry laminating adhesives for flexible packaging, DICDRY LX-RP, which are made using recovered polyethylene terephthalate (PET) bottles. This has assisted the company to expand its product portfolio and strengthen its footprint in the market.
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What our report offers:
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.