Laminating Adhesives Market Size to Reach US$ 4.6 Billion by 2028 | Grow CAGR by 7.2%

IMARC Group, a leading market research company, has released a report titled "Laminating Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". According to the report, 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 an adhesive employed in laminating, which involves bonding two or more layers of material together to create a composite structure. They are developed to provide a strong and durable bond between substrates, such as paper, film, foil, or fabric. They are available in various forms, including solvent-based, water-based, and hot melt adhesives customized to specific applications. Solvent-based adhesives comprise volatile organic compounds (VOCs) and require drying time, while water-based adhesives are environmentally friendly and quickly dry. Additionally, hot melt adhesives are solid at room temperature and become fluid when heated, offering fast bonding capabilities. Nowadays, laminating adhesives are widely adopted in various industries, including packaging, printing, and manufacturing across the globe.

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Laminating Adhesives Market Trends and Drivers:

The laminating adhesives market is primarily driven by the rising packaging industry. In addition, the increasing demand for laminating adhesives within the packaging industry in the production of flexible packaging materials, which are employed for food, pharmaceuticals, and consumer goods, thus influencing the market growth. Moreover, continuous advancements in adhesive technologies significantly improve the performance and versatility of laminating adhesives, representing another major growth-inducing factor. These developments led to the creation of adhesives that offer superior bonding strength, heat resistance, and compatibility with various substrates. Along with this, the widespread adoption of laminating adhesives in automotive, construction, and electronics is propelling the market growth. Besides this, the growing environmental awareness led to the shift toward sustainable packaging solutions, thus accelerating the market growth. Furthermore, manufacturers are developing eco-friendly adhesives that can be easily recycled or bio-based, attracting environmentally conscious consumers, and businesses are further propelling the market growth.

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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This release was published on openPR.