The latest report by IMARC Group, titled “Laminating Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global laminating adhesives market size reached US$ 3.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2023-2028.

Laminating adhesives are laminate composites with high functionality that are used to attach, assemble, and package material surfaces. Polyurethane, acrylic, epoxy, polyester, vinyl, nylon, aliphatic urethane, and aromatic urethane resins are used in their manufacturing. Laminating adhesives come in a variety of forms, including water-based, solvent-based, solventless, electron beam (EB), ultraviolet (UV), hot melt, and so on. They provide excellent mechanical performance, compatibility with other materials, wettability, transparency, high chemical and heat resistance, binding strength, and so forth. As a result, a variety of products, including snacks, meats, cheeses, confections, medicines, and agricultural chemicals, are packed using laminating adhesives.

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Laminating Adhesives Market Trends and Drivers:

The escalating demand for flexible packaging solutions across numerous industries, including automotive, transportation, manufacturing, construction, etc., is among the primary factors driving the laminating adhesives market. Moreover, the growing number of manufacturing units, food processing plants, industrial production setups, etc., is resulting in the shifting consumer preferences towards laminating adhesives to secure flexible packaging materials, thereby propelling the market growth. In addition to this, the rising product requirement in the automotive industry for use in the display modules, fenders, grill opening reinforcement (GOR), heat shields, headlamp reflectors, body panels, etc., of automobiles, to protect surfaces from environmental damage and enhance the overall aesthetic appeal, is acting as another significant growth-inducing factor. Furthermore, the increasing adoption of laminating adhesives as a replacement for nuts and bolts owing to their higher bonding strength and lower cost of production is anticipated to stimulate the global market in the coming years.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Resin:

  • Acrylic
  • Polyurethane
  • Others

Breakup by Technology:

  • Solvent-based
  • Water-based
  • Others

Breakup by Application:

  • Packaging
  • Automotive and Transportation
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • 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
  • Vimasco Corporation.

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