Solvent-Based Laminating Adhesives Market Report 2024

This Solvent-Based Laminating Adhesives market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

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%. The growth during the historic period can be attributed to the expanding food packaging industry, heightened concerns about food safety, increased demand for packaging materials, a rising need 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 $1.4 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth during the forecast period can be attributed to the rising demand and application of solvent-based adhesives, the growth of e-commerce, increasing awareness of environmental regulations, expansion in the food and beverage sector, and a heightened demand for processed and packaged foods. Key trends during this period include advancements in adhesive technology, digitalization in manufacturing, development of advanced packaging solutions, innovations in laminating adhesives, and various technological advancements.

The growing popularity of the food and beverage sector is expected to drive the expansion of the solvent-based laminating adhesives market in the coming years. The food and beverage sector, also referred to as the food and beverage industry, includes a wide array of activities related to the processing, packaging, distribution, and serving of food and drink products. This sector is experiencing growth due to increased consumer demand for convenience, diverse food choices, and health-oriented products. Solvent-based laminating adhesives are essential in the food and beverage industry for creating durable, flexible packaging that helps preserve product freshness and extends shelf life. For example, in April 2024, the Australian Bureau of Statistics, a government agency in Australia, reported that sales of food and non-alcoholic beverages reached 15.1 million tons in 2021-2022, up from 14.8 million metric tons sold in the prior fiscal year of 2020-21. Consequently, the rise in the food and beverage sector's popularity is fueling growth in the solvent-based laminating adhesives market.

Key players in the solvent-based laminating adhesives market are prioritizing the development of innovative products, such as epoxy silane-free adhesives, to enhance environmental safety and lower production costs. These epoxy silane-free adhesives offer strong bonding and durability while being environmentally friendly, catering to the packaging industry's demand for safer and more sustainable solutions without compromising performance. For instance, in June 2022, Toyo-Morton, a Japan-based adhesive manufacturer, introduced Epoxy Silane-free Laminating Adhesives specifically designed for flexible packaging applications. These adhesives are targeted at industries including food, beverages, and pharmaceuticals, aligning with the increasing demand for safer and more sustainable packaging solutions.

In May 2024, Arkema S.A., a French company specializing in specialty chemicals and advanced materials, acquired the Flexible Packaging Laminating Adhesives Business from Dow Inc. for an undisclosed sum. This acquisition aims to enhance Arkema's position in the specialty adhesives market, broaden its portfolio of sustainable solutions for flexible packaging, and improve its capabilities in high-performance bonding technologies for the packaging, food, and industrial sectors. Dow Inc. is a U.S.-based company that produces solvent-based laminating adhesives.

Major companies operating in the solvent-based laminating adhesives market 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.

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.

The countries covered in the solvent-based laminating adhesives marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Solvent-based laminating adhesives are adhesives utilized to bond multiple layers of materials in packaging and industrial applications. They contain solvents that evaporate during the curing process, forming a strong, durable bond between surfaces such as films, foils, and paper. These adhesives are recognized for their high heat resistance, flexibility, and superior performance in challenging environments.

The primary types of solvent-based laminating adhesives are one-component and two-component adhesives. One-component solvent-based laminating adhesives come pre-mixed and do not require any additional mixing before application. The various types of lamination include film-to-film, film-to-foil, and film-to-metalized film, with packaging options such as acetone, methyl ethyl ketone (MEK), toluene, ethyl acetate, MEK-toluene mixtures, polyol b-side curative hydroxyl, and isocyanate a-side NCO adhesive solvents. These adhesives are used by a variety of end-users, including those in the food, healthcare, and industrial packaging sectors.

The solvent-based lamination adhesives market research report is one of a series of new reports that provides solvent-based lamination adhesives market statistics, including solvent-based lamination adhesives industry global market size, regional shares, competitors with a solvent-based lamination adhesives market share, detailed solvent based lamination adhesives market segments, market trends, and opportunities, and any further data you may need to thrive in the solvent-based lamination adhesives industry. This solvent-based lamination adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The solvent-based laminating adhesives market consists of sales of epoxy adhesives, acrylic adhesives, and hot melt adhesives. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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