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Automotive Industry Growth To Drive Laminating Adhesives Market: A Key Driver Powering Laminating Adhesives Market Growth In 2025
Laminating Adhesives Market Share
What Is the Current Laminating Adhesives Market Size and Its Estimated Growth Rate?
The scale of the laminating adhesives market has witnessed a swift expansion in the preceding years. The market value is projected to rise from $2.98 billion in 2024 to approximately $3.28 billion in 2025, with a compound annual growth rate (CAGR) of 10.0%. The impressive growth in the past can be tied to various factors such as the expansion of the packaging industry, advancements in food and beverage packaging, the surge in e-commerce, emphasis on sustainable packaging, and the growth in the agricultural industry.
In the coming years, the market size for laminating adhesives is anticipated to expand swiftly, reaching a value of $5.22 billion in 2029, with a 12.3% Compound Annual Growth Rate (CAGR). The predicted growth in this period can be linked to several sectors such as pharmaceuticals, renewable energy, construction and building materials, automotive, and woodworking. The forecast period will witness several significant trends like biodegradable packaging, compatibility with digital printing, intelligent packaging materials, environmentally-friendly adhesives, and pharmaceutical serialization.
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How Are Emerging Segments Shaping the Laminating Adhesives Market Landscape?
The laminating adhesives market covered in this report is segmented -
1) By Resin Type: Polyurethane, Acrylic, Other Resin Types
2) By Technology: Solvent-Based, Solvent-Less, Water-Based, Other Technologies
3) By Application: Automotive, Industrial Application, Packaging, Medical, Food, Other Applications
Subsegments:
1) By Polyurethane: Water-Based Polyurethane Adhesives, Solvent-Based Polyurethane Adhesives, Hot Melt Polyurethane Adhesives
2) By Acrylic: Water-Based Acrylic Adhesives, Solvent-Based Acrylic Adhesives, Reactive Acrylic Adhesives
3) By Other Resin Types: Epoxy Adhesives, Silicone Adhesives, Vinyl Adhesives
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Which Growth Factors Are Influencing Laminating Adhesives Market Expansion?
Anticipated expansion in the automotive sector is likely to spur the laminating adhesives market throughout the projection period. These adhesives are typically used for bonding, securing, and sealing functions in car manufacturing, for door panels, armrests, inserts, load floors, seat back panels, and headliners, among other things. For example, CEIC Data, a data and analytics firm based in China, reported in February 2023, that American motor vehicle production achieved 10.61 million units, a rise from 10.05 million units in December 2022. This represents an approximately 5.56% annual increase in car production. Therefore, the escalating deployment of lamination glues in the automotive industry is projected to thrust the market forward over the forecast period.
Who Are the Dominant Players Across Different Laminating Adhesives Market Segments?
Major companies operating in the laminating adhesives market include Henkel AG & Co., Ashland Global Specialty Chemicals Inc., BASF SE, Bostik, DuPont de Nemours Inc., Evonik Industries AG, H.B. Fuller Company, Morchem SA, Sika AG, Sun Chemical, 3M Company, The Dow Chemical Company, DIC Corporation, Minnesota Mining and Manufacturing Company, Adhesive Films Inc., Avery Dennison Corporation, Coim Group, Dow Inc., Drytac Corporation, Franklin International, Huntsman Corporation, Illinois Tool Works Inc., Jowat SE, Konishi Co. Ltd., Lintec Corporation, Lohmann Adhesive Tape Group, Master Bond Inc., Nitta Corporation, Paramelt B.V., SABA Dinxperlo B.V., Scapa Group plc, Toyo-Morton Ltd, Vibac Group S.p.A., Vimasco Corporation
What Are the Latest Developing Trends in the Laminating Adhesives Market?
Leading enterprises in the laminating adhesives market are introducing pioneering products such as solvent-free laminating adhesives to cater to the escalating need for eco-friendly packaging solutions. These new environmentally conscious laminating adhesives are developed specifically for metallized multilayer packaging designs and are engineered to deliver exceptional adhesion and performance. For instance, in August 2022, Toyo-Morton Ltd., a company based in Japan specializing in laminating adhesives, introduced a new collection of solvent-free laminating adhesives destined for metallized multilayer packaging designs. Compared to the conventional solvent-based adhesives, these offer several advantages such as diminished environmental footprint, enhanced safety, and superior performance.
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Which Geographic Regions Are Expected to Dominate the Laminating Adhesives Market in the Coming Years?
Asia-Pacific was the largest region in the laminating adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the laminating adhesives market share during the forecast period. The regions covered in the laminating adhesives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Laminating Adhesives Market?
2. What is the CAGR expected in the Laminating Adhesives Market?
3. What Are the Key Innovations Transforming the Laminating Adhesives Industry?
4. Which Region Is Leading the Laminating Adhesives Market?
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