Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3,605.89 Million | USD 5,533.91 Million | 5.50% | 2022 |
The global laminating adhesives market size was worth around USD 3,605.89 million in 2022 and is predicted to grow to around USD 5,533.91 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.50% between 2023 and 2030.
Laminating adhesives keep intact the substrates together after the lamination process. Several notable benefits provided by laminating adhesives include increased or decreased gas permeability, flame resistance, electrical insulation, heat resistance, thermoforming capability, chemical resistance, and optical clarity. Laminating adhesives are used in a wide range of end-use applications such as pharmaceutical, food pouches, frozen food cartons, medical, agricultural containers, industrial, papers & graphics, instant photograph, and mold label.
Laminating adhesives for flexible packaging are one of the promising adhesive solutions extensively utilized in food packaging sector. The laminating adhesives are anticipated to witness high demand in the coming years, mainly owing to factors such as lower wastage, lesser treatment time, lesser emission, and higher bond strength. Also, rising demand for package foods in healthcare and personal care goods have augmented market growth. On the other hand, the government programs and increasing consumer awareness towards the practice of ecological adhesives have restricted the growth of the laminating adhesives, further hampering the growth of the global laminating adhesives market.
The global laminating adhesives market is segmented on the basis of end use, product type, and region. Based on the product type, the global market is bifurcated as solvent based, solvent less, water based, and heat/cold seal. Based on the end user, the global laminating adhesives market is segmented into medical packaging, food packaging, industrial packaging, and other end use. Though food wrapping in the end use segment remains the dominant segment, laminating adhesives are expected to experience high demand in the medical packaging industry during the coming years.
Report Attributes | Report Details |
---|---|
Report Name | Laminating Adhesives Market Research Report |
Market Size in 2022 | USD 3,605.89 Million |
Market Forecast in 2030 | USD 5,533.91 Million |
Growth Rate | CAGR of 5.50% |
Number of Pages | 215 |
Key Companies Covered | Flint Group, H.B. Fuller, The Dow Chemical Company, Ashland Inc., Morchem, DIC Corporation, Henkel AG & Co. KGaA, 3M, Arkema Group, Coim Group, and Chemline India Ltd. |
Segments Covered | By Product Type, By End-Use and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
By region, the global laminating adhesives market is segmented as Europe, Latin America, North America, Asia-Pacific, and the Middle East and Africa. The market in Asia-Pacific is projected to register a fixed Y-o-Y growth in the near future. In Asia Pacific, China and India are expected to see maximum Y-o-Y growth in the coming years. Europe and Asia Pacific are anticipated to dominate the global market and witness considerable growth in the lamination adhesives market. This growth is mainly due to the developing and emerging mature markets in these regions. Rising end-use industry growth is anticipated to boost the laminating adhesives demand in the Asia Pacific region.
Growing number of niche market players in various market segments along with rising domestically production capacity in economies such as India, China, and Japan is anticipated to propel the laminating adhesives market growth in the Asia-Pacific region in the near future. Emerging countries of Southeast Asia including Indonesia, Malaysia, and Thailand organize chemical industry specific events all around the world. This is expected to have a positive impact on the growth of the laminating adhesives market in Asia Pacific.
The global laminating adhesives market is led by players like:
By Product Type
By End-Use
Global Laminating Adhesives Market: Regional Segment Analysis
What Report Provides
FrequentlyAsked Questions
Laminating adhesives are a category of adhesives that are utilized during the lamination process, which entails the joining of two or more substrates in order to produce a composite material. The principal objective of laminating adhesives is to preserve the intended characteristics of each individual substrate while establishing a robust and long-lasting connection between the layers. The substrates utilized in the lamination process exhibit significant diversity and may comprise foam, coatings, foils, papers, or fabrics. The selection of laminating adhesives is determined by a variety of factors, including the intended application of the laminated product, the materials being laminated, and the desired bond strength and flexibility.
The market for laminating adhesives is notably impacted by the packaging sector. The growing need for adaptable packaging solutions, propelled by developments in e-commerce, convenience packaging, and sustainability, is anticipated to contribute to the demand for laminating adhesives. Market expansion may be influenced by advancements in adhesive technologies, such as the creation of environmentally favorable and sustainable formulations. A competitive advantage may accrue to producers of high-performance adhesives that feature enhanced efficiency, bonding strength, and environmental tolerance.
The global laminating adhesives market size was worth around USD 3,605.89 million in 2022 and is predicted to grow to around USD 5,533.91 million by 2030.
The global laminating adhesives market with a compound annual growth rate (CAGR) of roughly 5.50% between 2023 and 2030.
By region, the global laminating adhesives market is segmented as Europe, Latin America, North America, Asia-Pacific, and the Middle East and Africa. The market in Asia-Pacific is projected to register a fixed Y-o-Y growth in the near future. In Asia Pacific, China and India are expected to see maximum Y-o-Y growth in the coming years. Europe and Asia Pacific are anticipated to dominate the global market and witness considerable growth in the lamination adhesives market.
Major players in the global laminating adhesives market are Flint Group, H.B. Fuller, The Dow Chemical Company, Ashland Inc., Morchem, DIC Corporation, Henkel AG & Co. KGaA, 3M, Arkema Group, Coim Group, and Chemline India Ltd.
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