Laminating Adhesives Market

Key growth strategies adopted by these companies include expansions, acquisitions, and new product developments in Laminating Adhesives Market

The laminating adhesives market size is estimated to be USD 2.5 billion in 2018 and is projected to reach USD 3.4 billion by 2023, at a CAGR of 6.9%. The growth of end-use industries such as packaging, industrial, and automotive & transportation is the key factor driving the laminating adhesives market.

The major players operating in the laminating adhesives market are Henkel AG & Company, KGaA (Germany), H.B. Fuller (US), Dow Chemical Company (US), and Arkema (Bostik) (France). The key growth strategies adopted by these companies include expansions, acquisitions, and new product developments.

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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. For instance, 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.

H.B. Fuller is a 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. As of 2017, it had more than 6,000 employees, globally. 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.

Related Reports:

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 2023

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Report Code
CH 2665
RI Published ON
11/23/2018
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