The global laminating adhesives market is estimated to top US$ 4.33 Bn by the end of 2027 in comparison to the US$ 3.10 Bn registered in 2021. Shifting approach toward low volatile organic compounds (VOCs) & environmentally sustainable adhesives continue to drive global laminating adhesive market.
Growth in disposable products is another factor enabling broader consumption of laminating adhesives in the packaging industry. In 2027, the laminating adhesives market is projected to reach US$ 4.33 Bn in 2027, expanding at a healthy 5.8% CAGR during the forecast period of 2022-2027.
The laminating adhesives market is expected to experience significant growth, owing to growing industries – food, pharmaceutical, automotive and construction. Moreover, governments across the world are substantially investing in the healthcare sector, which is again expected to bolster the demand for laminating adhesives.
Competition Overview
Major players involved in the laminating adhesives market are focusing on expanding their customer base and distribution channel to meet the growing demand for laminating adhesives.
For instance, in May 2022, Arkema S.A.’s subsidiary company Bostik S.A. expanded its distribution channel of maintenance, repair, and operations (MRO) in the US. The MRO product line includes glue sticks, anti-seize compounds and lubricants, woodworking lubricants, epoxy adhesives, and aerosol adhesives to satiate the rising demand from manufacturers across the country.
Key players involved in the laminating adhesives market include The DOW Chemical Company, Huber Group, Arkema S.A., TOYOCHEM CO., LTD., Ashland Global Specialty Chemicals Inc., SAPICI S.p.A., H.B. Fuller Company, 3M, Sika AG, Henkel AG & Company, KGaA, Bayer AG, and among others.
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Laminating Adhesives Market by Category
By Product Type:
- Solvent Based
- Water Based
By Application:
- Food Packaging
- Medical Packaging
- Industrial Packaging
- Other End-use
In the global laminating adhesives market, food packaging applications are likely to hold key market shares. Among laminating adhesive types, water based laminating adhesives are expected to capture over 50% share of global market value, owing to their low-VOC content that reduces the negative impact on environment.
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