ID: PMRREP3390
Format: PPT*, PDF, EXCEL
Last Updated: 4 Aug 2025
Industry: Chemicals and Materials
Number of Pages: 171
The global laminating adhesives market size is likely to be valued at US$ 3.1 billion in 2025 and is expected to reach US$ 4.3 billion by 2032, growing at a CAGR of 4.6% from 2025 to 2032. Growing demand for flexible packaging in food and pharma drives the laminating adhesives market, with rising preference for lightweight and eco-friendly adhesive solutions.
The global laminating adhesives market is essential to packaging, automotive, and industrial applications, driven by rising demand for high-performance bonding solutions. Key growth factors include the increasing use of flexible packaging adhesives, innovations in solvent-free and bio-based laminating adhesives, and expanding automotive production requiring heat- and chemical-resistant adhesives. Asia Pacific is the fastest-growing laminating adhesives market, supported by industrialization, eco-friendly adhesive demand, and favorable government initiatives. North America and Europe continue to lead due to advanced R&D, strict environmental regulations, and strong infrastructure for packaging and automotive manufacturing.
Advancements in Adhesive Technologies
Advancements in adhesive formulations, such as low-VOC water-based adhesive for multilayer film lamination, are driving growth in the laminating adhesives market. The increasing shift toward water-based lamination glue, solvent-less, and UV technologies supports global sustainability efforts while enhancing bonding performance in complex packaging and industrial applications.
These developments also align with regulatory mandates and consumer demand for eco-friendly solutions. Flexible packaging adhesives and PU laminating adhesives now deliver stronger bonds with reduced emissions. For example, Henkel AG increased its R&D spending by 20% on VOC-compliant laminating adhesives in 2023. For instance, The U.S. District of Columbia’s 20 DCMR § 744 regulation mandates VOC limits, encouraging adoption of sustainable formulations.
Growth in Automotive and Transportation Sector
The global automotive industry, valued at US$ 2.8 trillion in 2023, is increasingly using laminating adhesives to reduce vehicle weight and improve fuel efficiency. These adhesives are replacing traditional mechanical fasteners in lightweight components, supporting the industry's shift toward more efficient manufacturing methods. Laminating adhesives play a vital role in achieving durability, flexibility, and resistance under high temperatures in vehicle interiors and structures.
With the rapid adoption of electric vehicles, particularly in China, demand for advanced bonding solutions has surged. For instance, according to the International Energy Agency (IEA), China accounted for nearly 60% of global EV sales in 2023, significantly boosting the need for battery bonding and flexible electronics lamination adhesives.
High Production and R&D Costs
High production and R&D costs present a key challenge in the laminating adhesives market. Developing advanced laminating adhesives-especially bio-based and solvent-less adhesive solutions-requires significant investment. For example, 3M Company invested US$ 1.1 billion in adhesive R&D in 2023. These high costs create barriers for new entrants and contribute to higher laminating adhesive prices, limiting adoption in cost-sensitive markets. This is particularly impactful in emerging regions, where demand for flexible packaging adhesives and automotive laminating adhesives is growing but remains price-driven.
Volatility in Raw Material Prices
Volatility in raw material prices, particularly petrochemical-based inputs such as polyurethane precursors, poses a major challenge for the laminating adhesives market. Fluctuating crude oil prices directly impact the cost of manufacturing adhesives. According to the U.S. Energy Information Administration, an 18% fluctuation in crude oil prices in 2024 significantly affected adhesive pricing. This volatility puts pressure on production margins and complicates cost management for manufacturers such as Bostik SA, especially amid rising demand for flexible packaging adhesives and high-performance laminating adhesive solutions across key end-use industries.
Growth in Emerging Markets
Emerging markets such as Asia-Pacific and Latin America are fueling growth in the laminating adhesives market. Rapid industrialization and expanding packaging sectors are creating strong demand for high-performance laminating adhesive solutions. In India, the packaging industry was valued at US$ 75 billion in 2024 and is projected to grow steadily, according to the Indian Brand Equity Foundation. This expansion is driving increased use of laminating adhesives in food packaging pouches and flexible packaging applications, offering significant opportunities for manufacturers targeting cost-effective and durable adhesive technologies in high-growth regions.
Expansion in Industrial Applications
The laminating adhesives market is experiencing strong growth across industrial applications, particularly in the electronics and construction sectors. The global electronics market, valued at US$ 1.5 trillion in 2023, relies heavily on laminating adhesives for electronic component bonding, thermal insulation, and circuit board assembly. Rising demand for smartphones, electric vehicles, and IoT devices is fueling adhesive usage in high-precision electronics manufacturing. In the construction industry-valued at over US$ 10 trillion-laminating adhesives are increasingly used in insulation panels, flooring, and structural composites, offering strong, durable bonds essential for long-term performance in demanding environments.
North America remains a key player in the adhesives market, driven by industrial demand and sustainability initiatives.
Europe’s adhesives market continues to grow, driven by strong industrial demand, regulatory push for sustainability, and sector-specific needs.
Asia-Pacific dominates the global adhesives market, driven by rapid industrialization, growing consumer demand, and a focus on sustainability.
The global laminating adhesives market is highly competitive, driven by key players such as Henkel AG & Co. KGaA, Dow Inc., Bostik SA, and DuPont. These companies leverage strong product portfolios and global distribution networks. R&D investments in sustainable laminating adhesives—such as bio-based and solvent-less solutions-support regulatory compliance and eco-friendly trends.
Strategic partnerships with packaging and automotive manufacturers boost market presence. Firms such as Bostik focus on cost-efficient production to offset raw material price volatility, while others expand across Asia Pacific and Africa through localized manufacturing.
Rising demand for flexible packaging, advancements in adhesive technologies, and automotive sector growth are key drivers.
Polyurethane adhesives lead due to their versatility and durability.
Solvent-less adhesives are growing rapidly due to sustainability trends.
Asia-Pacific dominates with a 48.2% share in 2024, led by China and India.
They drive demand for bio-based and water-based adhesives to reduce VOC emissions.
3M, Hen
Report Attribute |
Details |
Historical Data/Actuals |
2019 - 2024 |
Forecast Period |
2025 - 2032 |
Market Analysis |
Value: US$ bn |
2025 (E) |
US$ 3.1 bn |
2032 (F) |
US$ 4.3 bn |
Historical CAGR |
4.2% |
Projected CAGR |
4.6% |
Geographical Coverage |
|
Segment Coverage |
|
Competitive Analysis |
|
Report Highlights |
|
Customization and Pricing |
|
By Resin Type
By Application Type
By End-use
By Region
For more information on this report and its delivery timelines please get in touch with our sales team.
About Author