Laminating Adhesives Market To Hit US$ 4.33 Bn By 2027: Says FMI | Scoop News

2022-06-24 22:42:54 By : Ms. Ariel Deng

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The global laminating adhesives market is estimated to top US$ 4.33 Bn by the end of 2027 in comparison to the US$ 3.10 Bn registered in 2021

Shifting approach toward low volatile organic compounds (VOCs) & environmentally sustainable adhesives continue to drive global laminating adhesive market. Growth in disposable products is another factor enabling broader consumption of laminating adhesives in the packaging industry. In 2027, the laminating adhesives market is projected to reach US$ 4.33 Bn in 2027, expanding at a healthy 5.8% CAGR during the forecast period of 2022-2027.

The laminating adhesives market is expected to experience significant growth, owing to growing industries - food, pharmaceutical, automotive and construction. Moreover, governments across the world are substantially investing in the healthcare sector, which is again expected to bolster the demand for laminating adhesives.

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The coronavirus (COVID-19) pandemic has significantly affected every facet of industrial sector globally. This has steered several changes in the laminating adhesives market landscape. Self-quarantine regulations have led to supply shortage and event withdrawals, and market players are gradually shifting their sources away from East Asia, given production and manufacturing disturbances in the region. However, the coronavirus pandemic is likely to boost the adoption of flexible packaging to enhance food safety and thus, would offer new opportunities for players in laminating adhesives market.

In the global laminating adhesives market, food packaging applications are likely to hold key market shares. Among laminating adhesive types, water based laminating adhesives are expected to capture over 50% share of global market value, owing to their low-VOC content that reduces the negative impact on environment.

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Major players involved in the laminating adhesives market are focusing on expanding their customer base and distribution channel to meet the growing demand for laminating adhesives. For instance, in May 2022, Arkema S.A.’s subsidiary company Bostik S.A. expanded its distribution channel of maintenance, repair, and operations (MRO) in the US. The MRO product line includes glue sticks, anti-seize compounds and lubricants, woodworking lubricants, epoxy adhesives, and aerosol adhesives to satiate the rising demand from manufacturers across the country.

Key players involved in the laminating adhesives market include The DOW Chemical Company, Huber Group, Arkema S.A., TOYOCHEM CO., LTD., Ashland Global Specialty Chemicals Inc., SAPICI S.p.A., H.B. Fuller Company, 3M, Sika AG, Henkel AG & Company, KGaA, Bayer AG, and among others.

Laminating Adhesives Market by Category By Product Type:

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.

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Future Market Insights is the premier provider of market intelligence and consulting services

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, UAE, and has its global delivery center in India. In addition to these, FMI also carries out business development and client engagement through its US and UK offices.

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