Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Laminating adhesives Market - which is forecasted from 2020 to 2027”.
The market is primarily driven by expanding flexible packaging demand in the format of pouches, bags, or tubes in the developing retail sector. Flexible packaging is required for a variety of consumer goods around the world, such as lubricants, toothpaste, chips, glues, lotions, and so on, to provide protection and extend the shelf life of the final products. In addition, the demand for lamination utilized for furniture and walls in the interior decor domain is expected to expand throughout the forecast period due to rising construction activities and population.
As per the report, the Laminating Adhesives Market is expected to grow at a CAGR of 5.46% to reach US$1,428.340 million by 2027, from US$984.413 million in 2020.
Lamination is the process of forming a composite material from numerous layers such that the final product has improved resilience, durability, stability, strength, insulation, and aesthetics. It entails using a bonding agent or glue to connect two or more flexible packaging materials such as paper, films, and aluminum foil.
However, with growing environmental concerns & regulatory laws, the use of these adhesives is declining. Furthermore, water-based adhesives require longer drying and curing times than solvent-based adhesives. Moreover, the flow properties of water-based adhesives fluctuate with humidity, impacting the coating application. The market's growth is being stifled by these issues.
By type, the laminating adhesives market has been segmented into solvent-based, solvent-less, water-based, and others. The most popular technology was water-based, which accounted for a significant volume share. In the food and medical industries, these adhesives are employed in hard-to-bond films in flexible packaging applications. Green strength, high food safety, and reduced operational time are just a few of the benefits.
By end-use, laminating adhesives market is classified into packaging, automotive, industrial, and others. Packaging is among the most important considerations for companies in the manufacturing business. The global packaging sector is expanding rapidly, owing to an increase in the number of production plants, food processors, and industrial production.
In terms of geography, the laminate adhesives market is expected to grow rapidly in the Asia Pacific region. The Asia Pacific area is predicted to grow rapidly owing to the rising population, rising standards of living, increased discretionary income, & rapid consumption, and the use of packaged food, beauty products, and other commodities.
As a part of the report, the major players operating in the Global Nanocellulose market, that have been covered are 3M, Henkel AG & Co., Arkema Group, Toyochem Co, Huntsman, Wacker Chemie, Sika AG, Ashland, Coim Group, DowDuPont.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/laminating-adhesives-market
This analytics report segments the Laminating adhesives market on the following basis