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Laminating Adhesives Market Research Report 2024

Laminating Adhesives Market Global Industry Analysis and Forecast (2024-2032) by Resin Type (Polyurethane, Acrylic, Others), Technology (Solvent-based, Water-Based, Solvent-less), End-User (Packaging, Industrial, Automotive & Transportation) and Region

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Report ID: 307

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Summary TOC Segmentation Methodology

Laminating Adhesives Market Synopsis

Laminating Adhesives Market Size Was Valued at USD 3.81 Billion in 2023, and is Projected to Reach USD 6.55 Billion by 2032, Growing at a CAGR of 6.2 % From 2024-2032.

Laminating adhesives are essential in producing composite films that provide improved functionalities by adhering multiple film layers together. These glues are made to seep into flaws on the surface of the material to be adhered, and subsequently, solidify to create a sturdy connection. Laminating adhesives achieve adhesion through two main mechanisms: physical interaction and chemical interaction.

  • Adhesives rely on secondary bonding forces involving dipole interactions between adhesive and adherend molecules. This phenomenon, called intermolecular forces, increases as additional molecules interact, which in turn enhances the bond between the film layers.
  • From a chemical perspective, laminating adhesives can establish main bonding forces by forming either covalent bonds or hydrogen bonds with the surface they are adhering to. Covalent bonds are formed by the sharing of electrons between adhesive and adherend molecules, resulting in a durable bond.
  • On the flip side, hydrogen bonds are created when a hydrogen atom in the adhesive molecule connects with an electronegative atom in the adherend molecule, resulting in a strong adhesive bond.
  • These adhesive technologies are used in different industries, like packaging, to produce multi-layer films with specific qualities like barrier protection, heat resistance, or optical clarity. Manufacturers can improve product durability and functionality in various sectors, such as food packaging and industrial applications, by choosing the right laminating adhesive that suits the required properties for the end application.

Top Key Players:

"Henkel AG (Germany), 3M Company (United States), H.B. Fuller Company (United States), The Dow Chemical Company (United States), Arkema S.A. (France), Ashland Global Specialty Chemicals Inc. (United States), Bostik SA (Arkema S.A) (France), Coim Group (Italy), DIC Corporation (Japan), DuPont de Nemours Inc. (United States), Evonik Industries AG (Germany), Flint Group (Luxembourg), Sika AG (Switzerland), Vimasco Corporation (United States), Pidilite Industries Limited (India), BASF SE (Germany), Toyo-Morton, Ltd. (Japan), Mitsui Chemicals (Japan), Avery Dennison Corporation (United States), Hexion Inc. (United States), Ashland Global Holdings Inc. (United States), Huntsman Corporation (United States), LORD Corporation (United States), Bostik SA (France), DIC Corporation (Japan)"

Laminating Adhesives Market Trend Analysis

Increased Demand in Packaging

  • The increase in need for packaged products in various sectors like food and beverage, healthcare, and consumer goods is greatly enhancing the laminating adhesives industry. These adhesives are essential for creating strong bonds and protecting different types of packaging materials.
  • Hot melt PUR (polyurethane reactive) adhesives and pressure-sensitive adhesives (PSAs) are the preferred choice for paper and foam packaging applications because of their strong bonding capabilities and easy application process.
  • The epoxy-based adhesives are very efficient when working with materials such as aluminum and plastic. These glues are designed to provide strong adhesion to the surfaces of these materials, improving the longevity and dependability in packaging uses.
  • Laminating adhesives' flexibility enables manufacturers to fulfill various packaging requirements, while also ensuring products are safely sealed and maintained during storage and distribution.
  • As consumer demands lean towards ease and environmental responsibility, advancements in the laminating adhesives sector persist. Manufacturers are more and more concentrating on creating adhesives that offer both strong bonding capabilities and also promote recyclability and minimize environmental impact.

Growth of Digital Printing Technologies in Packaging

  • The rise of digital printing technologies in packaging offers a sizable chance for the laminating adhesives industry. Digital printing provides unparalleled flexibility and personalization, allowing manufacturers to create small print batches in a cost-effective and efficient manner.
  • The transition from analog to digital methods not only decreases setup times but also enables quicker delivery, meeting the rising need for customized packaging solutions across different sectors.
  • The digital printing helps improve sustainability by reducing the waste usually generated by traditional printing methods. This environmentally friendly method complements consumer desires for environmentally conscious packaging options.
  • In addition, digital printing technology can adjust to various packaging formats and materials, such as flexible packaging, labels, and cartons, due to its scalability. With advancements in inkjet and toner-based systems, the laminating adhesives market is expected to benefit from increased use in different packaging sectors, leading to growth and innovation in adhesive formulations designed for digital print compatibility.
  • The incorporating digital printing technologies into packaging offers more than just a technical upgrade; it also presents a strategic chance for the laminating adhesives market. Through the use of digital printing, adhesive producers can meet the changing demands of the market for sustainable, customizable, and visually attractive packaging options, ultimately strengthening their competitive advantage and market position.

Laminating Adhesives Market Segment Analysis:

Laminating Adhesives Market Segmented on the basis of Resin type, Technology, and End-users.

By Technology, Solvent-based segment is expected to dominate the market during the forecast period

  • Solvent-based adhesives are highly appreciated for their quick curing times, which makes them perfect for fast-paced production settings such as flexible packaging and labeling. This feature speeds up their acceptance among industries looking for effective assembly methods.
  • Besides their strong adhesion, solvent-based formulas also have exceptional resistance to heat and chemicals, making them suitable for tough conditions such as food packaging. These adhesives are highly effective in situations where products are sterilized or come into contact with different chemicals, thus increasing their usefulness and market potential.
  • The increasing popularity of solvent-based laminating adhesives highlights their specialized attraction in certain sectors. Here, their distinct performance characteristics satisfy crucial production needs, guaranteeing ongoing popularity. This specific tool continues to boost market expansion by meeting the needs of industries that value strong and dependable material adhesion.
  • The flexibility, durability, and specific effectiveness of solvent-based adhesives are still driving their use in different industrial fields. Their capacity to endure tough production environments and form long-lasting connections with various materials makes them essential elements in modern manufacturing methods.

By End-User, Packaging segment held the largest share of 49.32 % in 2023

  • The market for laminating adhesives is seeing substantial expansion due to a range of factors, with packaging becoming a leading sector for end-users. Demand for laminating adhesives has increased due to consumer favoring packaging that is both visually appealing and convenient.
  • These bonding agents allow for the development of layered packaging materials that enhance both product protection and shelf life, while also enhancing visual appeal. With the continuous growth of e-commerce, the demand for strong and long-lasting packaging materials has increased, leading to a greater use of laminating adhesives in this industry.
  • Additionally, the focus on sustainability and eco-friendly packaging is increasing, leading manufacturers to create laminating adhesives that comply with environmental regulations. This pattern is in line with growing consumer knowledge and regulatory demands for sustainable packaging practices.
  • The need for light packaging materials has increased because they are more cost-effective for shipping and have a lower environmental footprint. The use of laminating adhesives has made laminated substrates essential in meeting these objectives, underscoring their vital importance in the ever-changing packaging sector.

Laminating Adhesives Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

  • The global laminating adhesives market is strongly influenced by the Asia-Pacific (APAC) region's dominant position, driven by strong industrial growth and growing manufacturing industries. Several key factors contribute to APAC's dominance.
  • In countries such as China, India, and Southeast Asian nations, fast urbanization and industrialization have led to a significant need for packaging materials, with laminating adhesives playing a key role in improving product strength and appearance.
  • The area gains advantages from a robust manufacturing sector that aids various industries like food and beverage, healthcare, automotive, and electronics. Market growth is enhanced by the heavy reliance of packaging, insulation, and protective coatings sectors on laminating adhesives.
  • Additionally, improvements in adhesive formulations and application methods in APAC have played a major role in the market's growth. Both local manufacturers and multinational corporations are dedicating resources to research and develop innovative adhesive solutions that meet strict performance standards and environmental regulations.
  • The supportive government regulations that encourage industrial expansion and foreign investment in nations such as China, India, and Vietnam have established a favorable atmosphere for companies producing laminating adhesives.
  • The growing middle class in APAC, which is increasingly seeking better quality packaged products, along with regulatory backing, remains the main factor behind APAC's dominance in the global laminating adhesives market.

Active Key Players in the Laminating Adhesives Market

  • 3M Company (United States)
  • B. Fuller Company (United States)
  • The Dow Chemical Company (United States)
  • Ashland Global Specialty Chemicals Inc. (United States)
  • LORD Corporation (United States)
  • Hexion Inc. (United States)
  • Huntsman Corporation (United States)
  • Avery Dennison Corporation (United States)
  • Pidilite Industries Limited (India)
  • Arkema S.A. (France)
  • Bostik SA (Arkema S.A) (France)
  • Henkel AG (Germany)
  • Evonik Industries AG (Germany)
  • BASF SE (Germany)
  • Coim Group (Italy)
  • DIC Corporation (Japan)
  • Toyo-Morton, Ltd. (Japan)
  • Mitsui Chemicals (Japan)
  • Sika AG (Switzerland)
  • Flint Group (Luxembourg)
  • Pidilite Industries Limited (India) and Other Major Players

Key Industry Developments in the Laminating Adhesives Market:

  • In May 2024, Arkema acquired Dow’s flexible packaging laminating adhesives business, a leading producer in the flexible packaging market. This acquisition included a portfolio generating annual sales of approximately US$250 million. With this strategic move, Arkema enhanced its position in the adhesive solutions sector, gaining a significant market share in flexible packaging laminating adhesives.
  • In April 2024, Flow Materials launched a new range of solvent-free, water-based adhesive solutions, positioning them as a sustainable option for flexible packaging. Headquartered in Zug, Switzerland, and serving the UK and EU, the company supplied adhesives to flexible packaging converters. Flow Materials developed a portfolio of solvent, solvent-free, and water-based adhesives, collaborating with customers in the UK, Germany, and Italy to enhance supply performance.

Global Laminating Adhesives Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 3.81 Bn.

Forecast Period 2024-32 CAGR:

6.2 %

Market Size in 2032:

USD 6.55 Bn.

Segments Covered:

By Resin Type

  • Polyurethane
  • Acrylic
  • Others

By Technology

  • Solvent-based
  • Water-Based
  • Solvent-less

By End-User

Packaging

Industrial

Automotive & Transportation

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Frequently Asked Questions

What would be the forecast period in the Laminating Adhesives Market research report?

The forecast period in the Laminating Adhesives Market research report is 2024-2032.

Who are the key players in the Laminating Adhesives Market?

Henkel AG (Germany), 3M Company (United States), H.B. Fuller Company (United States), The Dow Chemical Company (United States), Arkema S.A. (France), Ashland Global Specialty Chemicals Inc. (United States), Bostik SA (Arkema S.A) (France), Coim Group (Italy), DIC Corporation (Japan), DuPont de Nemours Inc. (United States), Evonik Industries AG (Germany), Flint Group (Luxembourg), Sika AG (Switzerland), Vimasco Corporation (United States), Pidilite Industries Limited (India), BASF SE (Germany), Toyo-Morton, Ltd. (Japan), Mitsui Chemicals (Japan), Avery Dennison Corporation (United States), Hexion Inc. (United States), Ashland Global Holdings Inc. (United States), Huntsman Corporation (United States), LORD Corporation (United States), Bostik SA (France), DIC Corporation (Japan) and Other Major Players.

What are the segments of the Laminating Adhesives Market?

The Laminating Adhesives Market is segmented into Resin Type, Technology, End-User, and region. By Resin Type, the market is categorized into Polyurethane, Acrylic, Others. By Technology, the market is categorized into Solvent-based, Water-Based, Solvent-less. By End-User, the market is categorized into Packaging, Industrial, Automotive & Transportation. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Laminating Adhesives Market?

Laminating adhesives are essential in producing composite films that provide improved functionalities by adhering multiple film layers together. These glues are made to seep into flaws on the surface of the material to be adhered, and subsequently, solidify to create a sturdy connection. Laminating adhesives achieve adhesion through two main mechanisms: physical interaction and chemical interaction. Adhesives rely on secondary bonding forces involving dipole interactions between adhesive and adherend molecules. This phenomenon, called intermolecular forces, increases as additional molecules interact, which in turn enhances the bond between the film layers.

How big is the Laminating Adhesives Market?

Laminating Adhesives Market Size Was Valued at USD 3.81 Billion in 2023, and is Projected to Reach USD 6.55 Billion by 2032, Growing at a CAGR of 6.2 % From 2024-2032.

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