Laminating Adhesives Market Forecast | 2022-28

Market Insights

The laminating adhesives market is likely to grow from USD 2.8 Billion in 2021 to reach USD 4.52 billion by 2028 at a healthy CAGR of 7.01% during the forecast period.

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What are Laminating adhesives?

Laminating adhesives are used to bond laminated plastic films to other plastic film substrates, paper substrates, or metallic foil substrates in food, medical, and industrial packaging.

Drivers

These factors are expected to boost the demand for the market in the coming year:

• Increasing demand from end-use industries including packaging, industrial, and automotive & transportation with technical advancement in the product.
• Increasing awareness about product safety, laminating adhesives are increasingly being used in specialty flexible packaging which is initially regarded as too expensive and not technically advanced enough for lamination.

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Key Players

Some of the major players in the market are-

• Arkema S.A.
• Ashland Inc.
• COIM Group
• DIC Corporation
• DowDuPont Inc.
• Flint Group
• H.B. Fuller Company
• Henkel AG & Co. KGaA
• The 3M Company
• Vimasco Corporation
• Others.

Segment Analysis

By Technology Type

The market is segmented as solvent-based, water-based, solventless, and others. Water-based laminating adhesive held a share of more than 51.0% in 2021.Due to increasing concern on VOC emission from solvent-based laminating adhesives, water-based products are more preferred.

Furthermore, water-based laminating adhesives are compatible with a wide range of substrates such as plastics, metallic films, natural and synthetic textiles, etc.

By End-Use Industry Type

The laminating adhesives market is segmented as packaging, industrial, and automotive & transportation. Packaging laminating adhesive was the largest segment and share of more than 63.8% in 2021. The packaging industry has been witnessing the transition from rigid packaging to flexible packaging due to the latter’s advantages such as lightweight, easy handling & transportation, longer shelf life, and smooth printability.

As laminating adhesives are used in flexible packaging extensively; this development is expected to propel the laminating adhesives market.

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By Resin Type

The laminating adhesives market is segmented as polyurethane, acrylic, and others. Polyurethane-based laminating adhesives account for the largest share as they offer excellent adhesion with plastics, textile, metal, rubber, leather, paper, wood, etc. They also offer good resistance to solvents and chemicals while providing excellent performance on heat-sensitive substrates.

By Region

Asia Pacific held a share of more than 39.2% in 2021. Significant growth in flexible packaging’s demand in Asia-Pacific with the changing lifestyle, growing middle-class population, and rising disposable income are expected to fuel the demand for laminating adhesives in the region. 

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Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The laminating adhesives market is segmented into the following categories. 

By Technology Type:

• Solvent-based
• Water-based 
• Solventless 
• Others 

By Resin Type:

• Polyurethane 
• Acrylic 
• Others 

By End-Use Industry Type:

• Packaging
  • (End-Use Industry Type Analysis: Food & Beverage, Pharmaceuticals, and Consumer Products)
• Industrial
  • (End-Use Industry Type Analysis: Insulation, Window Films, Electronics, and Others)
• Automotive & Transportation 

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle and supply chain analysis
• Report environment analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the resin types by end-use industry type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.