Laminating Adhesives Market Analysis | 2022-2028

Market Insights

The laminating adhesives market was estimated at USD 2.8 billion in 2021 and is likely to grow at a CAGR of 7.01% during 2022-2028 to reach USD 4.52 billion in 2028.

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Market Dynamics

Introduction

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.

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

By Technology Type

"Water-based laminating adhesive held a share of more than 50% in 2021"

The market is segmented as solvent-based, water-based, solventless, and others. Water-based laminating adhesive held a share of more than 50% 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.

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By End-Use Industry Type

"Packaging laminating adhesive was the largest segment and share of more than 60% 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 60% 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 35% in 2021"

Asia Pacific held a share of more than 35% 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:

• 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

Note: The above list does not necessarily include all the top players in the market.

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Report Features

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

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 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
• 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 [email protected].