Press release
In-Depth Examination of Segments, Industry Trends, and Key Competitors in the Laminating Adhesives Market
The laminating adhesives sector is positioned for significant growth in the coming years, driven by innovation and evolving industry demands. This market is experiencing dynamic changes as sustainability, performance, and technological advancements become central themes. Below is a detailed overview of the market size, key players, emerging trends, and important segments shaping the laminating adhesives industry.Forecasted Expansion and Market Size of the Laminating Adhesives Industry
The laminating adhesives market is projected to expand rapidly, reaching a value of $5.67 billion by 2030. This growth corresponds to a strong compound annual growth rate (CAGR) of 11.8%. The surge is largely fueled by increased emphasis on sustainable packaging materials and the rising preference for recyclable laminates. Additionally, growth in high-performance industrial bonding applications, investments in bio-based adhesive technologies, and demand from automotive lightweighting initiatives are pivotal factors driving this expansion. Important trends include the growing popularity of solvent-less laminating adhesives, rising demand for high-barrier packaging, enhanced use of water-based adhesive systems, the broadening of flexible packaging applications, and a concentrated effort on maintaining adhesive performance consistency.
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Key Market Players Influencing the Laminating Adhesives Industry
Several leading corporations dominate the laminating adhesives market, including Henkel AG & Co., Ashland Global Specialty Chemicals Inc., BASF SE, Bostik, DuPont de Nemours Inc., Evonik Industries AG, H.B. Fuller Company, Morchem SA, and Sika AG. Other prominent companies include 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., and Vimasco Corporation.
Strategic Acquisition Enhancing Market Position
In December 2024, Arkema, a French chemical company, acquired the flexible packaging laminating adhesives business from Dow for an undisclosed sum. This strategic move is intended to broaden Arkema's portfolio in flexible packaging solutions and fortify its standing within the global laminating adhesives market. Dow's flexible packaging laminating adhesives unit, based in the United States, specializes in adhesives used in food, medical, and industrial lamination applications.
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Innovations and New Trends Boosting the Laminating Adhesives Market
Leading manufacturers are prioritizing the development of cutting-edge adhesive formulations that improve sustainability, safety, and performance. One key innovation is fast-curing adhesives, which reduce processing time and enhance production efficiency. Alongside this, there is a shift toward GLYMO-free high-performance solvent-based adhesives that lower environmental impact and health risks associated with traditional laminating adhesives. For example, in May 2023, Indian adhesive producer Brilliant Polymers introduced two new adhesive lines at Interpack 2023 in Düsseldorf: Brilliant Max Cure, a fast-curing solvent-free adhesive, and a GLYMO-free solvent-based adhesive suited for retort applications. Both products are designed to deliver superior performance, sustainability, and safety relative to conventional laminating adhesives.
Main Segments Covered in the Laminating Adhesives Market Report
The global laminating adhesives market is classified into several key segments:
1) Resin Type: Polyurethane, Acrylic, and Other Resin Types
2) Technology: Solvent-Based, Solvent-Less, Water-Based, and Other Technologies
3) Application: Automotive, Industrial Applications, Packaging, Medical, Food, and Other Applications
Further breakdown within these categories includes subsegments such as:
- Polyurethane adhesives differentiated into water-based polyurethane, solvent-based polyurethane, and hot melt polyurethane adhesives
- Acrylic adhesives divided into water-based acrylic, solvent-based acrylic, and reactive acrylic adhesives
- Other resin types covering epoxy adhesives, silicone adhesives, and vinyl adhesives
This segmentation offers a comprehensive view of the laminating adhesives market's structure and the diverse range of products tailored to meet different industrial needs.
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