Solvent based laminating adhesives are solution that has high bond strength. They find wide applicability in flexible packaging
Flourishing food & beverage and medical industry, rapid technological advancements in lamination solvents and demand for advanced flexible packaging solution are major factors expected to drive the growth of global solvent based laminating adhesives market. Major players are investing high for the development of new drugs according to rising needs. Their demand for advanced packaging solutions in order to enhance the sustainability of the delivered product is gaining traction. There are many food and beverage processing establishments (plants) in the United States i.e. 36,486. California had the most food and beverage manufacturing plants (6,041) in 2019, while New York (2,611) and Texas (2,485) were also leading food and beverage manufacturing States. With rising food & beverage companies in developed and developing region is increasing demand for solvent based laminating adhesives. These factors are expected to support the growth of target market. Business development activities by major players through acquisitions and partnerships are expected to augment the growth of solvent based laminating adhesives market.In 2021, Innovative Chemical Products, a global player providing adhesive solutions acquired Choice Adhesives. The Choice Adhesives has long brought innovative adhesive product technology to the market. This acquisition is expected to help the company to enhance the customer base and increase the product portfolio.
In addition, increasing focus on product launches in order to increase the product offering and enhance the revenue is expected to support the solvent based laminating adhesives market growth.
In 2020, Bostik, a global provider of specialty adhesives and sealant launched “HERBERTS” a high-performance, sustainable, flexible lamination solutions for food packaging, industrial and medical markets in the Asia Pacific region. This product launch is expected to help company to enhance its business in Asia Pacific region.
In 2018, Uflex, the largest solution provider of flexible packaging launched “FLEXBON 162R/162” a general performance solvent-based product and can be used at higher application solids of between 45% and 50%. This product launch is expected to enhance the business and increase the customer base.
In 2016, Flint Group, a global chemical provider, launched “PremoLam F”, a water-based lamination ink system in the North America market. This product launch is expected to help company strengthen its position in North America region.
Factors such as fluctuating raw material prices and high cost of products are expected to hamper the growth of global solvent based laminating adhesives market. In addition, stringent government regulations related to product approval is expected to challenge the growth of target market. However, high investment for R&D activities and new product launch are factors expected to create new opportunities for players operating in the global solvent based laminating adhesives market over the forecast period. In addition, increasing partnership and agreements is expected to support the revenue transaction of the target market.
Global Solvent Based Laminating Adhesives Market
2016 – 2028
2020 – 2028
By Type of Packaging, By Type of Lamination, By End Use
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Segment Analysis by Region
The market in Asia Pacific is expected to witness faster growth in the solvent based laminating adhesives market due to high demand from medical industry. In addition, presence of large number of players operating in the country and introduction of new products form regional players is expected to support the growth of solvent based laminating adhesives market.
The global solvent based laminating adhesives market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Solvent Based Laminating Adhesives Market Segment Analysis, 2019
The global solvent based laminating adhesives market is segmented into type of solvent, type of lamination, and end use. The type of solvent segment is divided into Acetone, MEK, Toluene, Ethyl Acetate, MEK- Toluene, Polyol B-side Curative Hydroxyl, and Isocyanate A-Side NCO Adhesive Solvent. Among end use the food segment is expected to account for major revenue share among other end use segment. The players profiled in the report are Henkel AG & Co. KGaA, H.B. Fuller, Morchem, 3M, The Dow Chemical Company, COIM Group, Flint Group, Arkema Group, and Ashland Inc.,
Market By type of Packaging
Polyol B-side Curative Hydroxyl
Isocyanate A-Side NCO Adhesive Solvent
Market By Type of Lamination
Film to film
Film to foil
Film to metalized film
Market By End Use
Market By Geography
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Rest of Latin America
Middle East & Africa
• South Africa
• Rest of Middle East & Africa
Flourishing food & beverage and medical industry, rapid technological advancements in lamination solvents and demand for advanced flexible packaging solution are major factors expected to drive the growth of global solvent based laminating adhesives market.
In type of lamination the film to film segment is growing at faster pace.
In the global market the Asia Pacific region is expected to grow faster.
Some of the players considered in the report scope are Henkel AG & Co. KGaA, H.B. Fuller, 3M, and The Dow Chemical Company.
The North America is expected to account for major revenue share in the global market.
Factors such as fluctuating raw material prices and high cost of products are expected to hamper the growth of global solvent based laminating adhesives market.