Laminating Adhesives Market Growth to be Driven by Emerging Trends | $5.08 Billion by 2029

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What is the Projected Market Size of the Laminating Adhesives Industry?
The market size of laminating adhesives has seen significant growth in the past few years. It's projected to increase from $2.98 billion in 2024 to $3.25 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. Elements contributing to the growth during the historic period include the expansion of the packaging industry, advancements in food and beverage packaging, the rise of e-commerce, sustainable packaging initiatives, and the agricultural industry.

What Will Be the Size of the Laminating Adhesives Market by 2029?
In the coming years, the market size for laminating adhesives is projected to experience significant expansion. By 2029, it is expected to reach a magnitude of $5.08 billion, growing at a compound annual growth rate (CAGR) of 11.8%. The growth predicted within the forecast period can be credited to developments in sectors such as pharmaceuticals, renewable energy, construction and building materials, the automotive industry, and woodworking. The forecast period also indicates major trends comprising biodegradable packaging, digital printing compatibility, intelligent packaging materials, environmental-friendly adhesives, and serialization in the pharmaceutical industry.

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What Are the Key Drivers Accelerating Growth in the Laminating Adhesives Market?
The iterative expansion in the automobile sector is anticipated to favorably impact the laminating adhesives market throughout the projected timeline. These adhesives play a crucial role in assembling, bonding, and sealing automotive elements, which includes its use in door panels, inserts, armrests, load floors, seat back panels, and headliners. As per the data from the China-based data analytics firm, CEIC Data, in February 2023, the production of motor vehicles in the United States touched 10.61 million units, showing an increment from 10.05 million units recorded in December 2022. This indicates a year-on-year rise in vehicle production by nearly 5.56%. Therefore, the escalating utilization of lamination adhesives in automobile manufacturing is expected to stimulate the market in the forthcoming years.

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How Is the Laminating Adhesives Market Segmented by Type, Application, and Region?
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

What Are the Key Trends Driving Growth in the Laminating Adhesives Market?
Leading businesses in the laminating adhesives market are formulating inventive products like solvent-free laminating adhesives to cater to the rising requirement for eco-friendly packaging options. These new adhesives, suitable for metallized multilayer packaging designs, are intended to provide outstanding adherence and performance qualities while maintaining environmental safety. For instance, Toyo-Morton Ltd., a laminating adhesives manufacturer from Japan, launched a new series of solvent-free laminating adhesives specifically for metallized multilayer packaging designs in August 2022. These adhesives offer various benefits over the conventional solvent-based adhesives, including lessened environmental footprint, increased safety, and superior functioning.

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Who Are the Leading Companies Driving Growth in the Laminating Adhesives Market?
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

Which Is the Leading Region in the Global Laminating Adhesives Market?
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.

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