Lamination Adhesives Market Size, Share, Opportunities, And Trends By Type (Solvent-Borne, Solventless, Waterborne, Others), By Industry Vertical (Automotive, Healthcare, Food & Beverage, Consumer Electronics, Packaging, Others), And By Geography - Forecasts From 2025 To 2030

The lamination adhesives market is projected to grow at a CAGR during the forecast period.

These adhesives can comprise substances such as polyvinyl acetate, polyurethanes, styrene block, epoxy, and ethylene-vinyl acetate and are broadly pertinent in minimizing weight, vibration-dampening joint, and spillage control of fluids or gasses.

Increasing usage of lamination adhesives in the packaging industry.

The market is expected to surge in the coming years, due to the rising use of laminated adhesives in the packaging industry. The packaging industry plays an imperative role in consumer's experience for the overall purchasing experience and brand promotion. Moreover, the growth in the e-commerce sector is expected to play a major role in the overall packaging market growth. In India, the e-commerce sector is expected to grow to US$200 billion by the year 2026, according to the data given by the India Brand Equity Foundation. Food and Beverage packaging are expected to emerge as a potential role in the overall market growth. The increasing demand for flexible packaging, over rigid packaging, is projected to emerge as a positive impact on the overall specialty polymers market growth. According to the data given by Industrial Packaging, one of the key players in the packaging market, the demand for flexible packaging in the United States is expected to surge to 3.2%, annually, through the year 2021. The increasing shelf and extended life of food products have surged the demand for specialty materials, in the past few years. These trends are expected to play a major role in market growth, in the coming years.                                                    

Competitive Analysis.

The market is expected to provide massive opportunities for the packaging and material suppliers and producers, in the coming years. There has been a rise in investments to develop novel and advanced specialty polymers products and solutions for their respective end-users. For instance, Ashland, one of the major players in the market, provides a full line of polyester and urethane-acrylic-based laminating adhesives, that are vertically combined and integrated into production processes, to allow precise control over the performance and properties of the adhesive for flexible packaging solutions.

The company's proprietary epoxide cross-linker could be used that is safe for most industrial applications to enhance product resistance and bond strength. Other players have also been making significant developments in the market. For instance, Toyo Chem, one of the key players in the market, provides laminating adhesives that are essential and useful for highly functional laminate composites and need functions and performance, which are essential for properties of film materials. The company's material converting and development technologies are required to achieve this goal. The company also proposes and develops laminating adhesives from six different angles, such as stable quality, security, technical services cost reduction, environmental friendliness, high functionality, to create value shared with society and customers.

Latest developments.

With the increasing investments in research and development, to develop new products, the market is expected to surge at an exponential rate, in the coming years.

• In June 2021, Paragon Inks and Domino Digital Printing Solutions announced that they had teamed up to develop a full suite of varnishes for overprinting on Domino's UV90 and UV95 ink sets, to use with the company's major N-series digital inkjet label presses. The first and novel set of varnishes were developed in such a way that the optimized output doesn't need to be corona tested. During the testing, the two company's also stated that their novel gloss varnish would be used as a lamination adhesive, which would allow further simplification.
• In July 2020, Songwon, one of the key players in the market, announced the development of a novel free laminating adhesive known as HI-THANE A-7363 + HI-THANE A-6600 for its use as flexible packaging laminates. The company had stated that the novel solution and product had been specifically designed for unprinted or printed, laminate and metalized structures, that contain biaxially oriented polypropylene, polyethylene terephthalate, and polyamide for barrier and printing films, linear low-density polyethylene, foil for barrier films, and cast polypropylene films.

Segmentation:

• By Type
  • Solvent-borne
  • Solventless
  • Waterborne
  • Others
• By Industry Vertical
  • Automotive
  • Healthcare
  • Food & Beverage
  • Consumer Electronics
  • Packaging
  • Others
• By Geography
  • North America
    • USA
    • Canadá
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Thailand
    • Taiwan
    • Indonesia
    • Others