Laminating Adhesives Market worth $5.1 billion by 2028 | Key players Atlas Henkel AG (Germany), 3M (US), H.B. Fuller (US), The Dow Chemical Company (US), Arkema S.A. (France).

According to recent market research the "Laminating Adhesives Market by Resin Type (Polyurethane, Acrylic, Others), Technology (Solvent-based, Water-Based, Solvent-less), End-Use Industry (Packaging (Food & Beverages, Pharmaceuticals, Consumer Products), Industrial, and Region (2023-2028)", exhibits high growth potential and is projected to reach a market size of USD 5.1 billion by 2028 from USD 3.6 billion in 2022, at a CAGR of 5.8%. Asia Pacific is the largest laminating adhesives market that is projected to register the second highest CAGR. This high growth is due to the growing demand from the packaging, industrial, and automotive & transportation industries. There is rising awareness about the use of eco-friendly adhesives in this region. Asia Pacific is the biggest market and is expected to remain the same soon. The continuous rise in the manufacturing of various products for use within the region and for exports drives the demand for laminating adhesives. Rising population and growing end-use industries have led to innovation and developments, making it a major laminating adhesives market.

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The increasing demand for stand-up pouches for packed meals and microwaveable food items drive the use of laminating adhesives. The use of laminating adhesives eliminates the need for rigid packaging, glass bottles, boxes, and cans. Microwaveable food is in high demand owing to changing lifestyles and increasing middle-class household income. Laminating adhesives are in demand for the packaging of food products owing to their properties such as preservation of aroma and protection against odor. The quality of most food and pharmaceutical products changes over a period. The change in the quality of food is visible with the changes in its color and texture. The appearance of food products such as dairy, poultry, vegetables, and fruits are of importance to consumers. Consumers prefer food products packed in a transparent film rather than in an opaque one. Transparent laminating adhesives allow the packed product to be seen by the customers, thereby making it easier to check any change in food quality.

Polyurethane laminating adhesives are made of urethane polymers. Urethane is produced through a chemical reaction between disocyanate and polyol. Polyurethane laminating adhesives are used in various applications because of their high toughness, abrasion resistance, flexibility (especially at low temperatures), and adhesion to a wide variety of substrates. They possess various properties such as flexibility and strength, low cure temperature, excellent low-temperature resistance, and high environmental resistance. One-component polyurethane adhesives can be elastic or rigid, depending on the structure of thermoset or elastomer and curing techniques. They have relatively high shear and peel strength and are moisture sensitive. Polyurethane laminating adhesives can be either one-component or two-component. They are used in the automotive & transportation, textile, packaging, and electronics industries. The primary disadvantage of polyurethane laminating adhesives is their high cost.

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Asia Pacific is the biggest market and is expected to remain the same soon. The continuous rise in the manufacturing of various products for use within the region and for exports drives the demand for laminating adhesives. Rising population and growing end-use industries have led to innovation and developments, making it a major laminating adhesives market.

The markets in Asia Pacific, Eastern Europe, the Middle East & Africa, and South America are in the growth phase, where manufacturers compete with very similar product offerings. The growth in the developing countries and increasing demand for sustainable products in these countries is expected to drive the market, globally, during the forecast period.

Henkel AG (Germany), 3M (US), H.B. Fuller (US), The Dow Chemical Company (US), Arkema S.A. (France), Sika AG (Switzerland), DIC Corporation (Japan), Pidilite Industries (India), DuPont (US), Flint Group (Luxembourg) are the key players in the global laminating adhesives market.
COIM Group (Italy), Vimasco Corporation (US), Franklin International (US), Master Bond Inc. (US), Fujifilm Corporation (Tokyo) are some of the startups in the global laminating adhesives market.

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Henkel AG is engaged in adhesive technologies and consumer brands. The company operates through various segments, including adhesive technologies (adhesives, sealants, and surface treatments for consumer and industrial purposes), laundry & home care (household cleaning products such as laundry detergent and dishwashing liquid), beauty care (beauty & oral care products such as shampoos, toothpaste, hair colorants, and shower products), and corporate. The company's adhesive technologies segment is a leader in the adhesives market across all end-use industries globally. The company has operations in North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa.

3M offers a broad spectrum of products, including adhesives, bonding materials, coatings, and specialty materials. The company operates in four business segments, namely, safety & industrial, transportation & electronics, healthcare, and consumer. The company manufactures laminating adhesives for various applications through its industrial and consumer segments. It operates with production sites in 70 countries worldwide and offers products and solutions to customers in approximately 200 countries in the Americas, Asia Pacific, Europe, and the Middle East & Africa.

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