What Has Been the Progress and Growth of the Solvent Based Laminating Adhesives Market in Recent Years?
The solvent based laminating adhesives market has seen considerable growth due to a variety of factors.
• In recent times, the solvent-based laminating adhesives market has seen a robust growth. The market is projected to expand from $1.06 billion in 2024 to $1.14 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.4%.
This growth in the historic period is due to the expansion of the food packaging industry, heightened awareness about food safety, increased need for packaging materials, a surge in demand in the pharmaceutical sector, and a rising demand for flexible packaging.
How Does the Forecast Look for the Solvent Based Laminating Adhesives Market?
The solvent based laminating adhesives market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for solvent-based laminating adhesives is predicted to experience significant expansion, reaching $1.5 billion in 2029 with a compound annual growth rate (CAGR) of 7.1%.
The expected growth within this forecast period can be attributed to various factors such as the escalating demand and application of solvent-based adhesives, the surge in e-commerce, increased understanding of environmental regulations, expansion of the food and beverage industry, and the heightened demand for processed and packaged goods. Expected trends within this forecast period include progression in adhesive technology, digital advancements in the manufacturing sector, advanced packaging solutions, innovations in laminating adhesives, and technological progression.
What Are The Leading Drivers Of Growth In The Solvent Based Laminating Adhesives Market?
Foreseen expansion of the solvent-based laminating adhesives market is due to the escalating popularity of the food and beverage sector. Inclusive of an array of activities from processing to serving food and drinks, the food and beverage industry is experiencing growth. This growth is predominantly driven by the rising consumer demand for convenience, a variety of food choices, and health-centric products. Solvent-based laminating adhesives find their application in this industry, as they are instrumental in developing resilient, flexible packaging, thereby prolonging the product's freshness and shelf life. As an example, sales of food and non-alcoholic beverages escalated to 15.1 million tons in 2021–2022 as per the Australian Bureau of Statistics, marking a substantial surge from the 14.8 million metric tons sold in the fiscal year 2020–21. As a result, the burgeoning popularity of the food and beverage sector is fuelling the growth of the solvent-based laminating adhesives market.
How Are The Segments Defined Within The Global Solvent Based Laminating Adhesives Market?
The solvent-based laminating adhesivesmarket covered in this report is segmented –
1) By Type: One Component, Two Component
2) By Type Of Lamination: Film To Film, Film To Foil, Film To Metalized Film
3) By Type Of Packaging: Acetone, Methyl Ethyl Ketone (MEK), Toluene, Ethyl Acetate, Methyl Ethyl Ketone(MEK)- Toluene, Polyol B-Side Curative Hydroxyl, Isocyanate A-Side NCO Adhesive Solvent
4) By End-User: Food, Healthcare, Industrial Packaging, Other End-Users
Subsegments:
1) By One Component: Polyurethane Adhesives, Acrylic Adhesives, Rubber-Based Adhesives
2) By Two Component: Polyurethane Adhesives, Epoxy Adhesives, Acrylic Adhesives
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What Trends Are Reshaping The Future Of The Solvent Based Laminating Adhesives Market?
Leading corporations in the solvent-based laminating adhesives industry are prioritizing the production of ground-breaking products including epoxy silane-free adhesives to encourage ecological safety while also minimizing manufacturing expenses. These epoxy silane-free adhesives, known for their superior bonding strength and durability coupled with eco-friendly properties, are perfectly aligned with the packaging sphere’s rising demand for reliable, yet environmentally protective solutions. A notable example was in June 2022 when Toyo-Morton, which manufactures adhesives in Japan, introduced Epoxy Silane-free Laminating Adhesives targeted at the flexible packaging sector. These adhesives, specifically developed for this sector, are essential in industries ranging from food and beverages to pharmaceuticals, thereby meeting the ever-increasing industry requirement for safer, eco-friendlier packaging alternatives.
Who Are the Key Players In The Solvent Based Laminating Adhesives Market?
Major companies operating in the solvent-based laminating adhesives marker are:
• 3M Company
• Henkel Corporation
• Sika AG
• Arkema S.A.
• Celanese Corporation
• Avery Dennison Corporation
• Sun Chemical Corporation
• DIC Corporation
• H.B. Fuller Company
• DuPont de Nemours Inc.
• Eastman Chemical Company
• Ashland Inc.
• ACTEGA GmbH
• Paramelt B.V.
• IVP Limited
• Franklin International
• Nan Pao Resins Chemical Co. Ltd.
• Coim Group
• Toyo-Morton Ltd.
• Megabond (Huangshan) Adhesive Co. Ltd.
What Is The Most Dominant Region In The Solvent Based Laminating Adhesives Market?
Asia-Pacific was the largest region in the solvent-based laminating adhesives market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the solvent-based laminating adhesives marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
