Laminating Adhesives Market Expected to Account US$ 4.1 billion by 2026

Laminating adhesives are used to bond two pieces of material together in a variety of industries, often to create a waterproof, durable, and aesthetically pleasing product. Laminating adhesive is most used in the construction and automotive industries to bond a variety of materials such as wood, metal, plastics, and glass. Furthermore, laminating adhesives are used in the production of clothing and furniture, as well as toys, electronics, and medical devices. The rise of innovative products and technology in the manufacturing industry is driving up demand for laminating adhesives.

The Laminating adhesives market is projected to reach a market size of USD 4.1 billion by 2026 from USD 2.9 billion in 2021, at a CAGR of 6.9%. APAC is the largest laminating adhesives market is projected to register the second-highest CAGR. This high growth is due to the growing demand from the packaging, industrial, and automotive & transportation industries. There is rising awareness about the use of eco-friendly adhesives in this region.

The key market players are Henkel AG (Germany), 3M Company(U.S), Arkema (Bostik), Sika AG (Switzerland). These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch, partnership & agreement to grow in the market. Merger & acquisition was the key strategy adopted by the major players between 2016 and 2021. This strategy strengthened their market position and increased their presence in emerging economies.

Henkel is engaged in consumer and industrial businesses. The company operates through various segments, including adhesive technologies (adhesives, sealants, and surface treatments for consumer and industrial purposes), laundry & home care (household cleaning products such as laundry detergent and dishwashing liquid), beauty care (beauty & oral care products such as shampoos, toothpaste, hair colorants, and shower products), and corporate.

The company’s adhesive technologies segment is a leader in the adhesives market across all end-use industries globally. Henkel manufactures laminating adhesives under this segment. The company has operations in North America, Latin America, APAC, Europe, the Middle East, and Africa.

3M Company offers a broad spectrum of products, including adhesives, bonding materials, coatings, and specialty materials. The company operates in four business segments, namely, safety & industrial, transportation & electronics, healthcare, and consumer. The company manufactures laminating adhesives for various applications through its industrial and consumer segments. It operates with production sites in 70 countries worldwide and offers products and solutions to customers in approximately 200 countries in the Americas, APAC, Europe, and the Middle East & Africa.
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