Laminating Adhesives Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Laminating Adhesives Market
The laminating adhesives market size was valued at USD 3.65 billion in 2023, and the market is now projected to grow from USD 3.80 billion in 2024 to USD 5.53 billion by 2032, exhibiting a CAGR of 4.7% during the forecast period of 2024-2032.
Drastically negative impact was witnessed on the product market during the Covid period as the lockdown that were imposed with respect the curfews and also the social distancing were strict due to which the revenue numbers were terrible on the charts. The Supply and demand chains were completely disrupted during the pandemic. These factors affected the laminating adhesives market growth.
Flexible and less harmful packaging and manufacturing is promoted daily nowadays. This in terms has led to a debate but resulted in the development of growing food and beverage industry as they are using safer packaging and wrapping practices and techniques. Technological developments have completely changed the way laminating adhesives are made, resulting in a more sustainable and friendly product. These particular growth driving factors have been recorded to attribute the laminating adhesives market share.
Adhesives made from water and latex are much less harmful for the environment and also the human help working with those in day-to-day life for daily wages. Comparatively, adhesives made from solvents are proven much more harmful than the aqueous ones. These are a few of the main factors augmenting the growth of the laminating adhesives market.
Comprehensive Analysis of Laminating Adhesives Market
The market is divided into polyurethane, acrylic, and other segments based on the kind of resin. The market is divided into water-based, solvent-based, solvent-less, and other categories based on technology. The market is divided into three segments based on the end-use industry which is packaging, industrial, and transportation.
Asia Pacific is expected to be the leading region of the laminating adhesives market. This particular product market is growing because of the growing regional industry, which has a favorable effect on many different sectors in the community. Due to the significant number of personal care packaging businesses with their headquarters in the China, Asia Pacific accounted for the largest share of the market.
Strong regional presence, reliable distribution networks, and a wide range of products are further attributes of the major market participants. Among the principal players are Dow (U.S.), DuPont (U.S.), H.B. Fuller Company (U.S.), Henkel AG (Germany), and 3M (U.S.).
In July 2023, We'll christen the new plant ""Kunpeng"" upon its establishment. Through supply network optimization in the Asia Pacific and global markets, the facility would seek to meet the expanding demand of Henkel's customer base. For its new adhesive-based manufacturing business unit in Shandong Province, China, Henkel AG announced a groundbreaking ceremony.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 4.7% from 2024 to 2032
Unit Value (USD Billion), Volume (Million Tons)
Segmentation By Resin Type
Polyurethane
Acrylic
Others
By Technology
Solvent-Based
Solvent-Less
Water-Based
Others
By End-Use Industry
Packaging
Industrial
Transportation
By Geography
North America (By Resin Type, By Technology, By End-Use Industry, By Country)
- U.S. (By End-Use Industry)
- Canada (By End-Use Industry)
Europe (By Resin Type, By Technology, By End-Use Industry, By Country)
- Germany (By End-Use Industry)
- U.K. (By End-Use Industry)
- France (By End-Use Industry)
- Italy (By End-Use Industry)
- Rest of Europe (By End-Use Industry)
Asia Pacific (By Resin Type, By Technology, By End-Use Industry, By Country)
- China (By End-Use Industry)
- Japan (By End-Use Industry)
- India (By End-Use Industry)
- South Korea (By End-Use Industry)
- Rest of Asia Pacific (By End-Use Industry)
Latin America (By Resin Type, By Technology, By End-Use Industry, By Country)
- Mexico (By End-Use Industry)
- Brazil (By End-Use Industry)
- Rest of Latin America (By End-Use Industry)
Middle East & Africa (By Resin Type, By Technology, By End-Use Industry, By Country)
- GCC (By End-Use Industry)
- South Africa (By End-Use Industry)
- Rest of the Middle East & Africa (By End-Use Industry)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.