U.S. Laminating Adhesives Market Size, Share & COVID-19 Impact Analysis, By Resin Type (Polyurethane, Acrylic, and Others), By Technology (Solvent-Based, Solvent-Less, Water-Based, and Others), By End-use Industry (Packaging, Industrial, and Transportation), and Country Forecast, 2023-2030

The U.S. laminating adhesives market size was USD 615.1 million in 2022 and is projected to grow at a CAGR of 4.6% during the forecast period.

Laminating adhesives can bond specific surfaces due to their varied synthesis. A few items stick to paper, metal, glass, and masonry, while others stick to materials, wood, absorbent, and surfaces. Laminating adhesives can join two unique materials, similar to rubber and metal. These glues can bond well, endure high temperatures, and safeguard from low-risk natural elements. The glue's properties are consistently apparent, and it is utilized to cover paper or films that should be perused while safeguarding them from water and tearing, which is expected to boost the market’s growth in the upcoming years.

The COVID-19 pandemic impacted industrial activities globally, especially packaging and transportation. The restrictions by the governments led to limitations in the workforce and temporary closures of end-user production units. This further impacted the supply chain of the product in the country. However, the market has recovered from the impact of the pandemic with the rising product consumption in the packaging industry.

U.S. Laminating Adhesives Market Trends

Rising Demand for Water Borne and Solvent-Free Adhesives to Boost Product Adoption

As ecological practices have developed, solvent-less laminating glues have become more normal in the flexible packaging industry. It eliminates the erosion of natural dissolvable printing ink by remaining solvents in packaging items. Solvent-free adhesives are a future improvement pattern that will be multifunctional and ready to work with different materials in different enterprises. Waterborne adhesives are eco-obliging and less harmful to on-the-spot workers. Water is less expensive to dissolve than natural dissolvable, and waterborne adhesives are more secure and more affordable than solvent-based adhesives. These factors are driving the U.S. market growth.

U.S. Laminating Adhesives Market Growth Factors

Increasing Demand for Flexible Packaging in Food & Beverage Industry to Drive Market Growth

The consumption of flexible packaging has increased with the rising metropolitan population, bringing innovative trends in the processed food & beverages industry for smart and secure packaging. The need for laminating coatings has risen recently from general-purpose economic packages to highest-performance applications such as direct utilization of ovenable packaging. This calls for the manufacturer to integrate laminating glues with energy-effective and eco-friendly designs that can be used under fresh food packaging, dry food packaging, fruit juices stand-up pouch, portion lidding, glass lidding, confectionery and ice cream packaging, and ready meal packaging. Thus, it indicates that the packaged food industry is expected to boost the U.S. laminating adhesives market growth.

RESTRAINING FACTORS

Stringent Laws and Environmental Constraints May Hinder Market Growth

Governments across the globe have supported waste projects and reusing cycles to save the valuable earth from perilous synthetic compounds released from recycling shops. This concern is focused on the incompetently disposal of plastic in the form of holders that contaminate the reservoir conduits, obstruct the sewage water, and have a harder effect on marine life. Each time, a bigger quantum of plastic waste is dumped into the seas, influencing the established food chain of marine biological systems. The fundamental aim is to apply the development of maintainable utilization of plastics to safeguard the advantage across society. Consequently, worldwide associations with municipal specialists have upheld severe regulations and guidelines that hamper the long-term demand for laminating adhesives during the forecast time frame.

U.S. Laminating Adhesives Market Segmentation Analysis

By Resin Type Analysis

Based on resin type, the market is segmented into polyurethane, acrylic, and others.

The polyurethane (PU) segment held the largest U.S. laminating adhesives market share in 2022, attributable to their qualities over the other resin types. PU glues have brilliant bonds to many substrates, with the properties of non-combustible and improving the fixed time. These factors are poised to help generate a growth perspective for this market during the forecast period.

According to the American Chemistry Council, polyurethane producers generate USD 37.9 billion of the total output. An additional USD 48.7 billion in yield comes from business activities from the polyurethane manufacturers for USD 86.6 billion for the U.S. economy.

By Technology Analysis

Based on technology, the market is segmented into solvent-based, water-based, solvent-less, and others.

The solvent-based segment holds the largest share of the U.S. market as this laminating adhesives technology is the most widely used for adaptable packaging. It offers great adhesion and execution to meet necessities from general to elite execution food packaging with high adhesion, product obstruction, and heat resistance. It also provides urethane innovation for product improvement. This is the significant factor driving the segment growth.

By End-use Industry Analysis

Based on end-use industry, the market is segmented into packaging, transportation, and industrial.

The packaging segment dominated the U.S. market in 2022. Driven by the supported demand from the retail packaging industry and steady government strategy, the segment witnessed considerable growth in 2022 and is expected to grow strongly over the coming ten years. The adhesive coatings are sold for different packaging applications, including flexible covers for food packaging containing cheddar, sauces, vegetables, meat, and dairy. Non-food contact applications incorporate clinical instrument bundling, drug rankle packaging and modern applications. This multitude of variables will create interest in laminating adhesives across different industries, which may boost product demand over the forecast period.

List of Key Companies in U.S. Laminating Adhesives Market

In terms of the competitive landscape, the market depicts the presence of established and emerging laminating adhesives companies. DuPont, H.B. Fuller Company, Dow, 3M, and others are key players. The competition among industry players is primarily based on laminating adhesives' price and application characteristics. Companies are emphasizing product innovation, social marketing, acquisition, and collaborations.

LIST OF KEY COMPANIES PROFILED:

• DuPont (U.S.)


• H.B. Fuller Company (U.S.)


• Henkel AG (Germany)


• 3M (U.S.)


• Dow (U.S.)


• Sika AG (Switzerland)


• Bostik (France)


• Panacol-Elosol GmbH (Germany)


• Actega (Germany)


• Cattie Adhesives (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• June 2023: H.B. Fuller Company acquired Adhezion Biomedical, a privately held U.S. medical adhesives company with a global reach in 40 countries and over 105 patents. This acquisition will aim the company’s portfolio toward more highly specified applications, boost the diversification of its business, and provide vertically integrated adhesive manufacturing and packaging capability.


• November 2022: Henkel AG announced a strategic partnership with the cyclos-HTP Institute (CHI), a company with high expertise in grouping and evaluating the recyclability of packaging products. This partnership focuses on adhesives, coatings, and downstream recycling to be brought together, both of which are essential parts of the packaging and consumer goods value chain. This collaboration will make sustainable packaging and consumer goods solutions simple and accessible to all stakeholders. Through the combined expertise of the two businesses, the partnership will provide customers with a more comprehensive and aligned service offering.

REPORT COVERAGE

The U.S. laminating adhesives market research report provides a detailed analysis of the market. It focuses on aspects such as resin type, technology, end-use industry, and leading companies. It provides quantitative data in terms of value, research methodology for market size estimation, and insights into the latest market trends. It also highlights vital industry developments and the competitive landscape. In addition, it focuses on key aspects such as a market overview of technological advancements, new product launches, key industry developments such as mergers, partnerships, acquisitions, and the impact of COVID-19 on the market. Besides this, the report also highlights key industry dynamics. In addition to the aforementioned factors, it encompasses several factors that have contributed to the growth of the market in recent years.

Report Scope & Segmentation