According to the new market research report “Laminating Adhesives Market by Technology (Solvent-based, Solventless, and Water-based), Resin (Polyurethane and Acrylic), End-Use Industry (Packaging, Industrial, and Automotive & Transportation), and Region – Global Forecast to 2024″, published by MarketsandMarkets™, the laminating adhesives market is projected to grow from USD 2.6 billion in 2019 to USD 3.6 billion by 2024, at a CAGR of 6.9%, during the forecast period.
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111 – Tables
40 – Figures
153 – Pages
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The growth of end-use industries such as packaging, industrial, and automotive & transportation is the key factor driving the laminating adhesives market.
The key market players are Henkel (Germany), H.B. Fuller (US), DowDupont (US), and Arkema (Bostik) (France). These players have adopted various strategies, such as new product launch and merger & acquisition between 2015 and 2019, to enhance their market shares and expand their global presence.
Henkel is engaged in the consumer and industrial business. The company operates through various segments, including adhesive technologies, beauty care, laundry & home care, and corporate. The company’s adhesive technologies segment is a global leader in the adhesives market across all the industry segments. It manufactures laminating adhesives under this segment. The company has operations in North America, Latin America, Asia-Pacific, Europe, the Middle East, and Africa. Strategically, the company has adopted inorganic strategies to increase its share in the laminating adhesives market.
- In June 2016, Henkel Adhesive Technologies invested USD 32.3 million to set up India’s largest adhesives plant in Kurkumbh, near Pune. In the first phase, the manufacturing facility is expected to have an annual production capacity of 80,000 metric tons of adhesives. This investment is a part of Henkel’s global strategy to increase its sales in the emerging markets.
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H.B. Fuller is another leading global adhesives manufacturer, formulator, and marketer. The company operates through five segments, namely, Americas adhesives, construction products, EIMEA (Europe, India, and the Middle East & Africa), engineering adhesives, and Asia Pacific. The company manufactures adhesives for various applications such as assembly, packaging, converting, nonwoven & hygiene, performance wood, flooring, textile, flexible packaging, graphic arts, envelope, and electronics. It markets thermoset-based film adhesive under brand Flexel. H.B.Fuller has a strong customer base and operates in 37 countries of Europe, North America, and APAC.
- In September 2017, H.B.Fuller acquired Royal Adhesives & Sealants, a leading manufacturer of high-value specialty adhesives and sealants. This acquisition will enhance H.B. Fuller’s position as a global leader in the adhesives industry.
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