The water-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.
Water-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 water-based laminating adhesives market size has grown rapidly in recent years. It will grow from $2.71 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to increasing demand for eco-friendly adhesives, rise in awareness of sustainable packaging solutions, growth in flexible packaging applications, growth in the construction industry, and growth in e-commerce packaging.
The water-based laminating adhesives market size is expected to see rapid growth in the next few years. It will grow to $4.67 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to growing demand for packaged food, rising use in food and beverage packaging, rising automotive applications, increasing demand in furniture manufacturing, and increasing use in textiles and apparel. Major trends in the forecast period include technological advancements, flexible packaging, curing technologies, biodegradable packaging, and eco-friendly adhesives.
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Scope Of Water-Based Laminating Adhesives Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Water-Based Laminating Adhesives Market Overview
Market Drivers –
The significant rise in the e-commerce business is expected to propel the growth of the water-based laminating adhesives market going forward. An e-commerce business is a commercial enterprise conducting transactions and selling products or services online. E-commerce is rising due to the increasing convenience of online shopping, widespread internet access, the growth of mobile technology, personalized customer experiences, and the ability for businesses to reach a global audience with lower operating costs than traditional retail. Water-based laminating adhesives are essential in e-commerce businesses for securely bonding packaging materials, ensuring durability, product protection, and eco-friendly solutions during shipping and handling. For instance, in August 2024, according to a report published by the United States Census Bureau, a US-based government agency, U.S. retail e-commerce sales for the second quarter of 2024 were estimated at $291.6 billion, reflecting a 1.3% (±0.7) increase from the first quarter of 2024. Total retail sales for the same period were estimated at $1,826.9 billion, rising by 0.5% (±0.2) compared to the first quarter. Therefore, the significant rise in the e-commerce business is driving the growth of the water-based laminating adhesives market.
Market Trends –
Major companies operating in the water-based laminating adhesive market focus on advanced product advancements such as water-based ink technology, to enhance environmental sustainability and improve adhesion properties. Water-based ink technology helps water-based laminating adhesives by reducing volatile organic compounds (VOC) and improving environmental sustainability. For instance, in January 2024, Sun Chemical, a US-based chemical company, launched the SunStrato AquaLam Gen2 ink series, an advanced water-based solution for high-quality laminated and reportable flexible packaging. These inks offer superior printability and bond strength, reducing volatile organic compound (VOC) and carbon dioxide (CO2) emissions by 18–20% compared to solvent-based alternatives. Their launch is significant in the water-based laminating adhesive market, highlighting a move towards more sustainable and safer solutions.
The water-based laminating adhesives market covered in this report is segmented –
1) By Type: Polyurethane, Acrylic, Ethylene Vinyl Acetate (EVA), Styrene Butadiene Rubber (SBR), Polyvinyl Alcohol (PVA)
2) By Technology: Solventless, Solvent Based
3) By Substrate: Film To Film, Film To Paper
4) By Application: Packaging, Industrial, Automotive And Transportation, Furniture, Consumer Goods, Electronics
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Regional Insights –
North America was the largest region in the water-based laminating adhesives market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the water-based laminating adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the water-based laminating adhesives market are BASF SE, 3M Company, Fujifilm Corporation, Evonik Industries AG, Parker Hannifin Corporation, Arkema S.A., Sika AG, DIC Corporation, H.B. Fuller Company, Nippon Shokubai Co. Ltd., Henkel AG & Co. KGaA, Flint Group, tesa SE, Pidilite Industries Limited, Paramelt B.V., Franklin International Inc., Weilburger Graphics GmbH, Jowat SE, Kleiberit Adhesives GmbH & Co. KG, Morchem Inc., SAPICI S.p.A, Collano Adhesives, BondTech Industries Inc., Vimasco Corporation
Table of Contents
- Executive Summary
- Water-Based Laminating Adhesives Market Characteristics
- Water-Based Laminating Adhesives Market Trends And Strategies
- Water-Based Laminating Adhesives Market – Macro Economic Scenario
- Global Water-Based Laminating Adhesives Market Size and Growth
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- Key Mergers And Acquisitions In The Water-Based Laminating Adhesives Market
- Water-Based Laminating Adhesives Market Future Outlook and Potential Analysis
- Appendix
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