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Evolving Market Trends In The Solvent-Based Laminating Adhesives Industry: Epoxy Silane-Free Laminating Adhesives A Sustainable Innovation For Flexible Packaging
Solvent-Based Laminating Adhesives
What Is the Expected Solvent-Based Laminating Adhesives Market Size During the Forecast Period?
The solvent-based laminating adhesives market size will grow from $1.06 billion in 2024 to $1.14 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. Growth is driven by the food packaging industry's expansion, concerns about food safety, increased demand for packaging materials, rising demand in pharmaceuticals, and the growing demand for flexible packaging.
The solvent-based laminating adhesives market size is expected to reach $1.5 billion by 2029, growing at a CAGR of 7.1%. This growth is attributed to rising demand for solvent-based adhesives, e-commerce growth, environmental regulations, food and beverage sector expansion, and demand for processed and packaged foods. Key trends include advancements in adhesive technology, digitalization in manufacturing, packaging solution
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What Are the High-Growth Segments in the Solvent-Based Laminating Adhesives Market?
The solvent-based laminating adhesivesmarket covered in this report is segmented -
1) By Type: One Component, Two Component
2) By Type Of Lamination: Film To Film, Film To Foil, Film To Metalized Film
3) By Type Of Packaging: Acetone, Methyl Ethyl Ke*tone (MEK), Toluene, Ethyl Acetate, Methyl Ethyl Ke*tone(MEK)- Toluene, Polyol B-Side Curative Hydroxyl, Isocyanate A-Side NCO Adhesive Solvent
4) By End-User: Food, HealTH*Care, Industrial Packaging, Other End-Users
Subsegments:
1) By One Component: Polyurethane Adhesives, Acrylic Adhesives, Rubber-Based Adhesives
2) By Two Component: Polyurethane Adhesives, Epoxy Adhesives, Acrylic Adhesives
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What Key Drivers Are Expected to Influence Future Solvent-Based Laminating Adhesives Market Growth?
The increasing popularity of the food and beverage sector is expected to fuel the growth of the solvent-based laminating adhesives market. The food and beverage sector is growing due to consumer demand for convenience and diverse product options. Solvent-based laminating adhesives are essential for packaging in this sector, preserving freshness and extending shelf life. In 2021-2022, food sales in Australia increased significantly, highlighting the growing demand for packaging solutions and the growth of the solvent-based laminating adhesives market.
Which Companies Hold the Largest Share Across Different Solvent-Based Laminating Adhesives Market Segments?
Major companies operating in the solvent-based laminating adhesives marker are 3M Company, Henkel Corporation, Sika AG, Arkema S.A., Celanese Corporation, Avery Dennison Corporation, Sun Chemical Corporation, DIC Corporation, H.B. Fuller Company, DuPont de Nemours Inc., Eastman Chemical Company, Ashland Inc., ACTEGA GmbH, Paramelt B.V., IVP Limited, Franklin International, Nan Pao Resins Chemical Co. Ltd., Coim Group, Toyo-Morton Ltd., Megabond (Huangshan) Adhesive Co. Ltd.
What Solvent-Based Laminating Adhesives Market Trends Are Gaining Traction Across Different Segments?
Major Companies in the solvent-based laminating adhesives market are creating innovative products like epoxy silane-free adhesives to improve environmental safety and reduce production costs. Epoxy silane-free adhesives offer strong bonding while being eco-friendly. In June 2022, Toyo-Morton, a Japan-based adhesive manufacturer, launched Epoxy Silane-free Laminating Adhesives for flexible packaging, meeting the growing demand for sustainable packaging solutions.
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What Are the Emerging Geographies for The Solvent-Based Laminating Adhesives Market Growth?
Asia-Pacific was the largest region in the solvent-based laminating adhesives market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the solvent-based laminating adhesives marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Solvent-Based Laminating Adhesives Market?
2. What is the CAGR expected in the Solvent-Based Laminating Adhesives Market?
3. What Are the Key Innovations Transforming the Solvent-Based Laminating Adhesives Industry?
4. Which Region Is Leading the Solvent-Based Laminating Adhesives Market?
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