Laminating adhesives market to grow to $5.80 billion by 2032, driven by eco-friendly solutions.
From GlobeNewswire: 2025-01-21 09:00:00
The laminating adhesives market was valued at USD 3.54 billion in 2023, expected to reach USD 5.80 billion by 2032, growing at a CAGR of 5.64%. Industries like packaging, automotive, and electronics are driving this growth by adopting laminating adhesives for various applications, including flexible packaging and sustainable solutions.
Manufacturers are prioritizing the development of eco-friendly laminating adhesives to meet environmental regulations and consumer preferences for sustainable packaging. Water-based and solvent-free adhesives are gaining popularity due to their strong bonding capabilities and alignment with global sustainability goals, driving market growth and opening up new opportunities in the industry.
Polyurethane adhesives dominated the market in 2023, holding over 46.34% of the market share due to their strong adhesion properties and versatility in various applications, particularly in flexible packaging within the food and beverage sector. Water-based adhesives led the market in technology due to their eco-friendly properties and compliance with environmental regulations, making them a preferred choice in industries where sustainability and safety are essential.
The Asia Pacific region dominated the laminating adhesives market in 2023 with a share of 42.23%, driven by a strong manufacturing base, growing population, and increasing demand for packaged goods. Countries like China, India, and Japan are key players in industries requiring laminating adhesives, such as packaging, automotive, and electronics. The region’s expanding middle class and growth in sectors like consumer goods and e-commerce are fueling the demand for innovative packaging solutions, further boosting market growth. In April 2023, Bostik introduced a new range of solvent-free adhesive lamination solutions under the HERBERTS series, catering to food packaging, industrial, and pharmaceutical sectors. This aligns with the increasing demand for eco-conscious adhesives, expanding market opportunities for Fuller.
The Laminating Adhesives Market offers a detailed analysis of the industry, including market dynamics, statistical insights, competitive landscape, segmentation by resin type, technology, end-use industry, regional analysis, company profiles, and more. Gain deeper insights by speaking with an expert analyst today.
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