North America Laminating Adhesives Market Report and Forecast 2024-2032

North America Laminating Adhesives Market Report and Forecast 2024-2032

Market Outlook

According to the report the North America laminating adhesives market is projected to grow at a CAGR of 6.20% between 2024 and 2032 to reach a value of about USD 1140 million by 2032. Aided by the escalating demand in industries such as automotive, packaging, and electronics, combined with the region's thriving manufacturing sector, the market is expected to grow significantly by 2032.

Laminating adhesives are essential components that are applied between layers of materials to bind them together, ensuring a strong, durable bond. These adhesives are instrumental in providing rigidity, protection against external factors, and enhancing aesthetic appeal. They are most commonly used in layered composite materials, particularly in packaging solutions, automotive components, and electronics housings, among other applications.

Several catalysts are driving the North America laminating adhesives market growth. The packaging sector, being one of the primary consumers, is witnessing a considerable surge in demand. This is attributed to the evolving consumer preferences leaning towards sustainable, durable, and visually appealing packaging. As brands vie for consumer attention on store shelves, the importance of high-quality laminating adhesives that offer excellent clarity and bonding strength cannot be understated.

As per the North America laminating adhesives market analysis, the automotive industry in North America, especially in the US and Mexico, has been on an uptrend, leading to increased consumption of laminating adhesives. These adhesives play a vital role in lightweighting vehicles, enhancing fuel efficiency, and contributing to intricate car designs, thus aiding in the broader goals of sustainability and performance.

The electronics industry, another significant consumer, relies on laminating adhesives for the assembly and protection of devices. With the consumer electronics market burgeoning, driven by the demand for smartphones, tablets, and wearables, the requirement for laminating adhesives that offer durability, heat resistance, and flexibility is on the rise.

Additionally, the construction sector, experiencing a revival in North America, particularly in urban areas, is further supplementing the North America laminating adhesives market demand. These adhesives are used extensively in flooring, wall panels, and insulation materials, ensuring longevity and structural integrity.

Major market players are ramping up their research and development efforts to produce water-based and hot-melt laminating adhesives, which have a lower environmental footprint. Such innovations not only cater to regulatory mandates but also appeal to an increasingly environmentally-conscious consumer base.

Market Segmentation

The market can be divided based on resin, type, application, and country.

Market Breakup by Resin

• Acrylic
• Polyurethane
• Others

Market Breakup by Type

• Solvent-borne
• Water-borne
• Solvent-less
• Others

Market Breakup by Application

• Packaging
• Food Packaging
• Medical Packaging
• Industrial
• Transportation
• Others

Market Breakup by Country

• United States
• Canada

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America laminating adhesives market. Some of the major players explored in the report are as follows:

• Henkel AG & Co. KGaA
• 3M Company
• Evonik Industries AG
• DuPont de Nemours, Inc.
• Arkema S.A.
• Sika AG
• Dow Inc.
• Ashland Inc.
• BASF SE
• Sun Process Converting, Inc.
• Others