Laminating Adhesives Market Analysis

Global Laminating Adhesives Market Overview

Laminating Adhesives Market is expected to surpass the market value of over USD 4.8 billion by the year 2027 while registering a CAGR of 6.9% during the forecast period.The laminating adhesives stick onto the substrate with the help of heat and pressure while protecting the objects. They are intensively used in automotive, electronics where the vulnerable parts require labels that are not supposed to alter the object characteristics; industrial and packaging. Some of the major factors such as demand for customer-friendly packaging, packaged food, and beverages are bolstering the laminating adhesives market growth.

The potential benefits of the laminating adhesives such as being light-weight, easier to handle, requiring lesser space, and offering longer shelf-life, excellent resistance towards wear and abrasion are some of the major drivers of laminating adhesives market growth. In addition to the packaging industry, the manufacturing industries are also transitioning towards flexible packaging. Thereby they are presenting favorable conditions for the growth of laminating adhesives industry. Due to the increasing concern towards sustainability, the manufacturers are working on bringing in a low-volatile organic compound that is considered environmentally sustainable and doesn’t affect environmental stability. Such factors are considered as the major drivers of laminating adhesives industry. Therefore the laminating adhesives industry is expected to have healthy growth with a CAGR of 6.9% during the forecast period.

COVID 19 Analysis:

COVID 19 has a severe impact on the economic condition and industrial activities across the globe. Other sectors like manufacturing, aviation, travel, and tourism were also affected by COVID-19. Therefore the packaging and supply chain disruptions because of the COVID and therefore the industrial processes including transportation and packaging were also affected. However, the rising demand for e-commerce and the inaccessibility of retail shops has propelled the growth of laminating adhesives industry. 

 Market dynamics:

 Market drivers:

The advent of flexible packaging across the globe and the convenience offered by the flexible packaging and the other characteristics are propelling the overall growth of laminating adhesives industry. Moreover, the governmental support for the growth of processed agrifoods, and increasing demand for frozen food are expected to increase the laminating adhesives market value.

The intensive utilization of the laminating adhesives across the consumer electronics and the electronic industry are expected to propel the overall growth of laminating adhesives industry.

 Market opportunities:

The increasing demand for water-based laminating adhesives over solvent-based adhesives because of the regulations imposed by the government across the developed countries are presenting lucrative opportunities for the overall growth of laminating adhesives industry. 

The increasing demand for the packaging and the changing behavior of the consumers and their inclination towards convenient packaging is presenting lucrative opportunities for laminating adhesive market growth. For instance, developing countries like India are projecting higher demand for packaged food and beverages. One of the recent studies shows that India is expected to have a 22% growth in the packaging industry in the future years. 

Market restraints:

The solvent-based laminating adhesives are utilized for higher performance however the government regulations were restricting their usage. On the other hand, water-based adhesives are recommended for industrial purposes. However, the drying and curing processes involved with the water-based adhesives are time consume and the difference in the flow properties and other issues like drying of the water in humid conditions are some of the major restraints of laminating adhesives market growth.

The limited life span of the water-based laminating adhesives is considered as the major restraint of laminating adhesives market growth.

Market challenges:

The developed countries are imposing stringent regulations and policies against the usage of laminating adhesives that are emitting the VOC contents and the manufacturers are facing challenges in producing the adhesives complying with these regulations. This is considered as the major challenge for the laminating adhesives market growth.

The demand to produce water-based adhesives across these developed countries, because of the restrictions imposed over the solvent-based adhesives is expected to restrict the overall growth of laminating adhesives industry during the forecast period. Also, the increasing production costs and time-consuming curing and drying processes are considered as the major challenges for laminating adhesives market growth. The time consumption and the labour-intensive processes are considered as the major challenges for the overall growth of laminating adhesives industry.

Cumulative growth analysis:

The laminating adhesives market value was at USD 2.9 billion in the year 2021 and it is expected to surpass the market value of over USD 4.8 billion by the year 2027 while registering a CAGR of 6.9% during the forecast period. Currently, in the Asia-pacific region due to the presence of numerous manufacturing and food processing industries, consumer electronics and automotive industries are propelling the laminating adhesives market growth across the region. The advent of eco-friendly adhesives and customized products in the industry from the established market players such as DIC Corporation, DOW, and significant others are further propelling the laminating adhesives market growth. For instance, recently, DIC Corporation had introduced a series of laminating adhesives to the existing portfolio and named the series DICDRY LX-RP which is manufactured especially for the flexible packaging.

On the other hand, the intensive disposal of plastics and dumping into the environment is expected to hinder the overall growth of laminating adhesives industry during the forecast period.

 Value chain analysis:

The growth of the laminating adhesives industry is highly influenced by solvent-based technology, because of the organic solvents the efficiency and the life of the product are improved. Although due to the issues related to the solvents, they are less utilized in the packaging industry. On the other hand, water-based technology is gaining momentum in the packaging industry. The costs, safety, productivity, compliance issues, and other factors of the water-based adhesives are propelling the packaging industries to adopt them. 

The growth of the packaging industry for the key manufacturing industries, food processing units, and other industrial verticals are considered as the major drivers of laminating adhesives market growth. Moreover, the potential characteristics such as being lightweight, easier to handle, and longer shelf life are promoting the laminating adhesives market growth. 

Segment overview:

Based on Resin Type:

• Polyurethane


• Acrylic


• Others

Based on Technology:

• Solvent-based


• Solvent-less


• Water-based


• Others

Based on End-use Industry:

• Packaging


• Industrial


• Automotive & Transportation

Global Laminating Adhesives Market Share, by Application, 2017 (%)

Regional analysis:

Currently, the Asia-pacific region is expected to possess the largest laminating adhesive market share, which is because of the economic growth of the region and the investment towards the industry. Laminating adhesives are intensively used in flexible packaging with varied types of materials such as aluminum foils, papers, and films. China is known for its production of flexible packaging the change in the attitude of the consumers and the increasing trends towards packaged food and beverages across the region are considered as the primary drivers of laminating adhesives market growth. Increasing urbanization and the growing officer goers and the convenience factor are projecting the demand for packaged food and beverages. Additionally, in recent years, the industrial and manufacturing sectors are also increasingly adopting flexible packaging due to convenience and lesser production costs. Having several industrial and manufacturing facilities across the Asia-pacific region, the laminating adhesives industry is expected to have a higher growth rate during the forecast period.

On the other hand, North America is considered as the largest consumer of packaged goods and known as the leading supporter for the growth of the packaging industry, the increasing penetration of the internet and growth of social media are changing the attitude and lifestyle of the majority of the population across the region. Such factors are expected to bolster the overall growth of laminating adhesives industry across North America.

Competitive landscape:

• 3M


• Dowdupont Inc.


• Ashland Inc.


• H.B. Fuller


• Coim Group


• Arkema


• Henkel AG


• DIC Corporation


• Flint Group

Recent developments:

In the year 2021, one of the leading market players, Arkema has taken the performance adhesive business and has announced themselves as a pure specialty materials player. 

One of the leading market players, Uflex limited has announced a 2K Solvent-based PU laminating adhesive, which is designed for food packaging and significant other applications. In the same year, another famous brand called Brilliant polymers had introduced a series of innovative solvent-free adhesives that are designed for flexible packaging applications which are named Brilliant S621/S279, Brilliant S717, and Brilliant S631/S310. These inventions are considered as the major revolutions of laminating adhesives industry.

Report Overview:

 This report has covered:

• Market Overview


• COVID 19 Analysis


• Market dynamics


• Cumulative growth analysis


• Value chain analysis


• Segment overview


• Regional analysis


• Competitive landscape


• Recent developments

Segmentation Table:

Based on Resin Type:

• Polyurethane


• Acrylic


• Others

Based on Technology:

• Solvent-based


• Solvent-less


• Water-based


• Others

Based on End-use Industry:

• Packaging


• Industrial


• Automotive & Transportation