The solvent-based laminating adhesives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Solvent-Based Laminating Adhesives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The solvent-based laminating adhesives market size has grown strongly in recent years. It will grow from $0.99 billion in 2023 to $1.06 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to the growing food packaging industry, growing concerns about food safety, increased demand for packaging materials, rising demand in pharmaceuticals, and growing demand for flexible packaging.
The solvent-based laminating adhesives market size is expected to see strong growth in the next few years. It will grow to $1.40 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing demand and application of solvent-based adhesives, rising e-commerce, growing awareness of environmental regulations, growth of the food and beverage sector, and rising demand for processed and packaged foods. Major trends in the forecast period include advancements in adhesive technology, digitalization in manufacturing, advanced packaging solutions, innovations in laminating adhesives, and technological advancements.
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Scope Of Solvent-Based Laminating Adhesives Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Solvent-Based Laminating Adhesives Market Overview
Market Drivers –
The increasing popularity of the food and beverage sector is expected to propel the growth of the solvent-based laminating adhesives market going forward. The food and beverage sector, also known as the food and beverage industry, encompasses a wide range of activities related to the processing, packaging, distribution, and service of food and drink products. The food and beverage sector is growing due to rising consumer demand for convenience, diverse food options, and health-conscious products. Solvent-based laminating adhesives are used in the food and beverage industry to create durable, flexible packaging that preserves product freshness and extends shelf life. For instance, in April 2024, according to the Australian Bureau of Statistics, an Australia-based government agency, sales of food and non-alcoholic drinks reached 15.1 million tons in 2021–2022, a significant increase from the 14.8 million metric tons sold in the previous fiscal year of 2020–21. Therefore, the rise in popularity of the food and beverage sector is driving the growth of the solvent-based laminating adhesives market.
Market Trends –
Major companies operating in the solvent-based laminating adhesives market are focused on developing innovative products such as epoxy silane-free adhesives to enhance environmental safety and reduce production costs. Epoxy silane-free adhesives provide strong bonding and durability while being environmentally friendly, meeting the packaging industry’s need for safer, sustainable solutions without sacrificing performance. For instance, in June 2022, Toyo-Morton, a Japan-based company that manufactures adhesives, launched Epoxy Silane-free Laminating Adhesives for flexible packaging. These adhesives are particularly designed for applications in flexible packaging, which includes industries such as food, beverages, and pharmaceuticals, aligning with the industry’s growing demand for safer and more sustainable packaging solutions.
The solvent-based laminating adhesives market covered in this report is segmented –
1) By Type: One Component, Two Component
2) By Type Of Lamination: Film To Film, Film To Foil, Film To Metalized Film
3) By Type Of Packaging: Acetone, Methyl Ethyl Ketone (MEK), Toluene, Ethyl Acetate, Methyl Ethyl Ketone(MEK)- Toluene, Polyol B-Side Curative Hydroxyl, Isocyanate A-Side NCO Adhesive Solvent
4) By End-User: Food, Healthcare, Industrial Packaging, Other End-Users
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Regional Insights –
Asia-Pacific was the largest region in the solvent-based laminating adhesives market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the solvent-based laminating adhesives marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the solvent-based laminating adhesives marker are 3M Company, Henkel Corporation, Sika AG, Arkema S.A., Celanese Corporation, Avery Dennison Corporation, Sun Chemical Corporation, DIC Corporation, H.B. Fuller Company, DuPont de Nemours Inc., Eastman Chemical Company, Ashland Inc., ACTEGA GmbH, Paramelt B.V., IVP Limited, Franklin International, Nan Pao Resins Chemical Co. Ltd., Coim Group, Toyo-Morton Ltd., Megabond (Huangshan) Adhesive Co. Ltd.
Table of Contents
1. Executive Summary
2. Solvent-Based Laminating Adhesives Market Report Structure
3. Solvent-Based Laminating Adhesives Market Trends And Strategies
4. Solvent-Based Laminating Adhesives Market – Macro Economic Scenario
5. Global Solvent-Based Laminating Adhesives Market Size and Growth
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32. Global Solvent-Based Laminating Adhesives Market Competitive Benchmarking
33. Global Solvent-Based Laminating Adhesives Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Solvent-Based Laminating Adhesives Market
35. Solvent-Based Laminating Adhesives Market Future Outlook and Potential Analysis
36. Appendix
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