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Global Laminating Adhesives Market to Reach US$ 4.3 Billion by 2027, Bolstered by Significant Growth in Packaging Industry

Published on Oct 21, 2022

According to the latest report by IMARC Group, titled “Laminating Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global laminating adhesives market reached a size of US$ 2.8 Billion in 2021. Laminating adhesives are liquid or thin layers of films used for bonding different substrates, such as metals, papers, and plastics. It includes water- and solvent-based, ultraviolet (UV) curable, hot-melt, and electron beam-cured laminating adhesives. They are produced from various resins, including acrylic, polyurethane (PU), ethylene, rubber, silicone, vinyl acetate, and polyolefin. Laminating adhesives are widely used in packaging food products, agricultural chemicals, cosmetics, pharmaceuticals, and medical supplies. They improve the performance of the substrate by providing excellent chemical and heat protection, machine durability, layered security, and dimensional stability. Laminating adhesives also offer transparency, flexibility, gas barrier properties, moisture permeability, strong adhesiveness, and flame resistance.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Laminating Adhesives Market Trends:

The significant growth in the packaging industry across the globe is creating a positive outlook for the market. Laminating adhesives are widely used in the flexible packaging of food products, medicines, medical supplies, and cosmetics due to their excellent clarity, high peeling strength, and resistance to tunneling. Furthermore, increasing product utilization in the automotive industry for sound damping, thermal insulation, and lamination of window glass, dashboards, display modules, body panels, headlamps, and fenders is providing a considerable boost to the market growth. Additionally, the introduction of bio-based laminating adhesives that reduce carbon dioxide (CO2) emissions, increase operational efficiency, and promote a cleaner work environment are positively influencing the market growth. Moreover, the widespread adoption of water-based laminating adhesives for natural and synthetic textiles, metallic films, and plastics due to their eco-friendly nature, lower volatile organic compound (VOC) emissions, high wettability, less toxicity, and cost efficiency is providing an impetus to the market growth. Other factors, including increasing focus on sustainable packaging solutions, rising demand for packaged and ready-to-eat (RTE) food products, and widespread product utilization in the construction industry for insulation facing, roofing, and flooring, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 4.3 billion by 2027, exhibiting a CAGR of 7.16% during 2022-2027.

Market Summary:

  • On the basis of the resin, the market has been divided into acrylic, polyurethane, and others.
  • Based on technology, the market has been classified into solvent-based, water-based, and others
  • On the basis of the application, the market has been categorized into packaging, automotive and transportation, and others.
  • On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), and Middle East and Africa.?
  • The competitive landscape of the industry has also been examined, with some of the key players being 3M Company, Ashland Global Specialty Chemicals Inc., Bostik SA (Arkema S.A), Coim Group, DIC Corporation, Dow Inc., DuPont de Nemours Inc., Evonik Industries AG, Flint Group, H.B. Fuller Company, Henkel AG & Co. KGaA, L.D. Davis Industries Inc., Sika AG and Vimasco Corporation.
     

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