Global Laminating Adhesives market scope 2024, Forecast To 2033
2 Feb, 2024
The laminating adhesives market has undergone rapid growth, increasing from $2.72 billion in 2023 to $3 billion in 2024, with a compound annual growth rate (CAGR) of 10.3%. This surge in the historic period is attributed to the growth of the packaging industry, increased demand in food and beverage packaging, the e-commerce boom, sustainable packaging practices, and applications in the agricultural industry. The market is expected to maintain rapid growth, reaching $4.58 billion in 2028, with a CAGR of 11.2%. Contributing factors include growth in the pharmaceutical industry, expansion in renewable energy, applications in construction and building materials, the automotive sector, and the woodworking industry. Key trends in the forecast period encompass biodegradable packaging, compatibility with digital printing, smart packaging materials, eco-friendly adhesives, and pharmaceutical serialization.
Global Laminating Adhesives Market Key Driver
The laminating adhesives market is set to benefit from the growth in the automobile industry. The global motor vehicle market is expected to increase from $2,115.1 billion in 2020 to $3,231.0 billion in 2025. Laminating adhesives find applications in various automobile components, contributing to structural, holding, and sealing applications. The increased use of laminating adhesives in automobiles is projected to propel the market during the forecast period, with market sizes in 2023, 2024, and 2028.
Get A Free Sample Of The Global Laminating Adhesives Market ReportGlobal Laminating Adhesives Market Segments
The global laminating adhesives market covered in this report is segmented –
1) By Resin Type: Polyurethane, Acrylic, Other Resin Types
2) By Technology: Solvent-Based, Solvent-Less, Water-Based, Other Technologies
3) By Application: Automotive, Industrial Application, Packaging, Medical, Food, Other Applications
By Geography: The regions covered in the Laminating Adhesives market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the laminating adhesives market in 2023. Asia-Pacificis expected to be the fastest-growing region in the laminating adhesives market share during the forecast period. The regions covered in the laminating adhesives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Laminating Adhesives Industry Players
Henkel AG & Co., Ashland Global Specialty Chemicals Inc., BASF SE, Bostik, DuPont de Nemours Inc., Evonik Industries AG, H.B. Fuller Company, Merck KGaA, Morchem SA, Sika AG, Sun Chemical, 3M Company, The Dow Chemical Company, DIC Corporation, Minnesota Mining and Manufacturing Company, Adhesive Films Inc., Avery Dennison Corporation, Coim Group, Dow Inc., Drytac Corporation, Franklin International, Huntsman Corporation, Illinois Tool Works Inc., Jowat SE, Konishi Co. Ltd., Lintec Corporation, Lohmann Adhesive Tape Group, Master Bond Inc., Nitta Corporation, Paramelt B.V., SABA Dinxperlo B.V., Scapa Group plc, Toyo-Morton Ltd., Valspar Corporation, Vibac Group S.p.A., Vimasco Corporation
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Laminating Adhesives Market Overview
The laminating adhesives market consists of sales of laminating adhesives by entities (organizations, sole traders, and partnerships) that are used to produce films with new functions by laminating different films and for joining and assembling different material surfaces. Laminating adhesives help in bonding a plastic film to the surface of a substrate by using heat and pressure to protect or enhance the appearance of the object and are widely used in transportation, packaging, industrial settings, and flexible packaging for food, medicines, medical supplies, and more.
Laminating Adhesives Global Market Report 2023 provides data on the global laminating adhesives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The laminating adhesives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.