The Laminating Adhesives Market is Segmented by Technology Type (Solvent-based, Water-based, Solventless, and Others), by Resin Type (Polyurethane, Acrylic, and Others), by End-Use Industry Type (Packaging, Industrial, and Automotive & Transportation), by Region – (North America [The USA, Canada, and Mexico], Europe [Germany, France, The U.K., Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others])
The Laminating Adhesives Market is Segmented by Technology Type (Solvent-based, Water-based, Solventless, and Others), by Resin Type (Polyurethane, Acrylic, and Others), by End-Use Industry Type (Packaging, Industrial, and Automotive & Transportation), by Region ...
"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".
Laminating adhesives are specialized adhesives used to bond together multiple layers of materials to create laminated structures. These adhesives play a crucial role in industries where multi-layered materials are needed for enhanced functionality, such as packaging, automotive, electronics, and construction. The main goal of laminating adhesives is to provide a strong bond between the layers while maintaining the desired properties of the materials, such as flexibility, transparency, and resistance to heat, moisture, or chemicals.
Laminating Adhesives Market Report Overview
Market Size in 2028
USD 4.52 billion
Market Size in 2021
USD 2.8 billion
Market Growth (2022-2028)
CAGR of 7.01%
Base Year of Study
2021
Trend Period
2016-2019
Forecast Period
2022-2028
Market 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.
Segment Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Technology Analysis
Solvent-based, Water-based, Solventless, and Others
Water-based laminating adhesive held a share of more than 51.0% in 2021.
End-Use Industry Analysis
Packaging, Industrial, and Automotive & Transportation
Packaging laminating adhesive was the largest segment and share of more than 63.8% in 2021.
Resin Analysis
Polyurethane, Acrylic, and Others
Polyurethane-based laminating adhesives account for the largest share During the forecast period.
Regional Analysis
North America, Europe, Asia-Pacific, and Rest of the World
Asia Pacific held a share of more than 39.2% in 2021.
By Technology Type
"Water-based laminating adhesive held a share of more than 51.0% in 2021"
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
"Packaging laminating adhesive was the largest segment and share of more than 63.8% in 2021"
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.
By Resin Type
"Polyurethane-based laminating adhesives account for the largest share During the forecast period"
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.
Regional Analysis
"Asia Pacific held a share of more than 39.2% in 2021"
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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Key Players
The following are the key players in the Laminating Adhesives Market (arranged alphabetically)
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Laminating Adhesives Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
What are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirements?
10% free customization
The digital twin 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
Industrial
Automotive & Transportation
By Region
North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s laminating adhesives market realities and future market possibilities for the forecast period.
The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
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 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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 three players)
SWOT analysis of key players (up to three players)
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 to sales@stratviewresearch.com.
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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.
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, and Others are among the key players in the market.
• 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.
