Laminating Adhesives Market Anticipated to Reach .1 Billion by 2028

Posted by Jack Martin on October 4th, 2023

The laminating adhesives market size is projected to reach a market size of USD 5.1 billion by 2028 from USD 3.6 billion in 2022, at a CAGR of 5.8%. Asia Pacific is the largest laminating adhesives market that is projected to register the second-highest CAGR. This high growth is due to the growing demand from the packaging, industrial, and automotive & transportation industries. There is rising awareness about the use of eco-friendly adhesives in this region. 

The key players following the strategies between 2018 to 2022, Henkel AG (Germany), 3M (US), H.B. Fuller (US), The Dow Chemical Company (US), Arkema S.A. (France), Sika AG (Switzerland). The companies are majorly following product launch, merger & acquisition, investment & expansion, and  as the strategy to grow and expand the market.   

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Henkel AG is engaged in adhesive technologies and consumer brands. The company operates through various segments, including adhesive technologies (adhesives, sealants, and surface treatments for consumer and industrial purposes), laundry & home care (household cleaning products such as laundry detergent and dishwashing liquid), beauty care (beauty & oral care products such as shampoos, toothpaste, hair colorants, and shower products), and corporate. The company’s adhesive technologies segment is a leader in the adhesives market across all end-use industries globally. The company has operations in North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. 

3M offers a broad spectrum of products, including adhesives, bonding materials, coatings, and specialty materials. The company operates in four business segments, namely, safety & industrial, transportation & electronics, healthcare, and consumer. The company manufactures laminating adhesives for various applications through its industrial and consumer segments. It operates with production sites in 70 countries worldwide and offers products and solutions to customers in approximately 200 countries in the Americas, Asia Pacific, Europe, and the Middle East & Africa.

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The Asia-Pacific (APAC) region was expected to be the fastest-growing area in the Polyurethane (PU) films industry. Several reasons contributed to this rise, including increased industrialization, rising disposable income, and expanding end-user industries in the region. This rise was predicted to be fueled by demand for PU films in applications such as automotive, electronics, packaging, and construction.