What Has Been The Historical And Current Growth Of The Laminating Adhesives Market?
The laminating adhesives market has seen considerable growth due to a variety of factors.
• The market size for laminating adhesives has experienced significant expansion in the recent past. It is projected to increase from a valuation of $2.98 billion in 2024, to an estimated $3.28 billion in 2025, showcasing a compound annual growth rate (CAGR) of 10.0%.
The expansion during the historic period can be credited to several factor including growth in the packaging industry, surge in food and beverage packaging, boost in e-commerce, adoption of sustainable packaging solutions and advances in the agricultural sector.
What Is The Forecast For The Laminating Adhesives Market By 2029?
The laminating adhesives market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for laminating adhesives is projected to witness substantial expansion in the coming years, with expectations to reach $5.22 billion by 2029, growing at a compound annual growth rate (CAGR) of 12.3%.
This anticipated growth during the forecast period is largely due to expansion in fields such as pharmaceuticals, renewable energy, building and construction materials, the automotive industry and the woodworking sector. Significant trends expected to impact the market during the forecast period consist of biodegradable packaging, compatibility with digital printing, intelligent packaging materials, environmentally friendly adhesives, and serialisation in pharmaceuticals.
What Are The Essential Drivers Behind The Growth Of The Laminating Adhesives Market?
As the automobile industry expands, the market for laminating adhesives is set to see positive impacts throughout the forecast period. These adhesives, integral to structural, seaming, and sealing needs in vehicles, are common in elements like door panels, armrests, inserts, load floors, and more. A surge in automotive production, for example, took place in February 2023. The US manufactured 10.61 million motor vehicles, as per reports from China-based data analytics firm, CEIC Data. This marked a rise from 10.05 million units in December 2022, translating to an approximate 5.56% year-over-year growth. Hence, as the need for lamination adhesives in vehicle production rises, so too is the market anticipated to thrive during the forecast period.
How Is The Global Laminating Adhesives Market Divided Into Key Segments?
The 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
Subsegments:
1) By Polyurethane: Water-Based Polyurethane Adhesives, Solvent-Based Polyurethane Adhesives, Hot Melt Polyurethane Adhesives
2) By Acrylic: Water-Based Acrylic Adhesives, Solvent-Based Acrylic Adhesives, Reactive Acrylic Adhesives
3) By Other Resin Types: Epoxy Adhesives, Silicone Adhesives, Vinyl Adhesives
Pre-Book The Laminating Adhesives Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Future Of The Growth Analysis Market?
Leading laminating adhesives market players are introducing cutting-edge products like solvent-free laminating adhesives to cater to the increasing demand for eco-friendly packaging solutions. This new type of laminating adhesive is meant to be used with metallized multilayer packaging designs, providing superior adhesion and performance, along with being green for the environment. For instance, Toyo-Morton Ltd., a Japanese firm that manufactures laminating adhesives, rolled out in August 2022 a new range of solvent-free laminating adhesives intended for metallized multilayer packaging designs. These modern adhesives have several benefits in comparison to its conventional solvent-based counterparts, including less environmental harm, heightened safety, and enhanced performance.
Who Are the Key Players in the Laminating Adhesives Market?
Major companies operating in the laminating adhesives market include:
• Henkel AG & Co.
• Ashland Global Specialty Chemicals Inc.
• BASF SE
• Bostik
• DuPont de Nemours Inc.
• Evonik Industries AG
• H.B. Fuller Company
• 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
• Vibac Group S.p.A.
• Vimasco Corporation
What are the Regional Insights into the Laminating Adhesives Market?
Asia-Pacific was the largest region in the laminating adhesives market in 2024. Asia-Pacific is 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.
