Solvent-based Laminating Adhesive Market By Material (Polyethylene Terephthalate (PET), Others), By Application (Food Packaging, Medical and Healthcare, Cosmetic Products, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
According to a new report published by Allied Market Research, titled, "Solvent-based Laminating Adhesive Market," The solvent-based laminating adhesive market was valued at $1,412.5 million in 2022, and is estimated to reach $2,599.3 million by 2032, growing at a CAGR of 6.3% from 2023 to 2032.
Solvent based laminating adhesives is a versatile and widely utilized adhesive in packaging, printing, and laminating industries. Formulated by dissolving adhesive components in a solvent, it transforms into a liquid adhesive, facilitating easy application on diverse substrates. Its key attribute lies in the ability to establish a strong bond between materials as the solvent evaporates, leaving a hardened adhesive coating. Despite its strength and effectiveness, users must be mindful of handling considerations, given the solvent content. Proper precautions are essential to ensure safe and efficient application in various industrial processes, balancing the adhesive's potency with responsible usage.
Solvent based adhesives prove to be versatile solutions with widespread applicability across diverse industries, excelling in both low- and high-performance activities. Their adaptability makes them effective in critical applications like food packaging and pharmaceutical packaging. These adhesives, relying on solvents, showcase exceptional performance qualities, meeting the stringent requirements of demanding tasks. Industries benefit from their reliability and versatility, making them a preferred choice for a range of applications where superior bonding capabilities are essential, ensuring the integrity and functionality of products in fields such as
1) packaging and beyond.
The surging demand for solvent based laminating adhesives in the food and beverage industry is essential, given their major role in ensuring the integrity and security of consumable goods packaging. These adhesives have acquired widespread adoption owing to their unique properties and their adeptness in addressing specific challenges associated with food packaging. The critical nature of solvent based laminating adhesives is underscored by their ability to contribute to high-performance packaging, providing assurance that the packaging will remain secure and undamaged even in challenging environmental conditions. Notably resistant to grease, moisture, and other external factors, these adhesives have become indispensable in the food and beverage sector, where maintaining the quality and safety of packaged goods is of utmost importance.
The market for solvent based laminating adhesives faces a significant challenge due to the inherent volatility in raw material prices. The constant fluctuations in the prices of essential raw materials used in the manufacturing of these adhesives present a serious threat to market stability and growth. The production costs are particularly vulnerable to the unpredictable changes in raw material prices, as solvent based laminating adhesives rely on a variety of key ingredients. Sudden spikes in the cost of these resources can lead to a substantial increase in manufacturing expenses, directly impacting the overall cost of production. This vulnerability to raw material price volatility poses a considerable risk to the industry's economic sustainability and calls for strategic measures to mitigate the potential adverse effects on market dynamics.
The increasing demand for advanced flexible packaging solutions is driving significant growth in the market for solvent based laminating adhesives. This surge is primarily attributed to the escalating need for packaging that offers a blend of sustainability, cost-effectiveness, and adaptability across diverse industries. Flexible packaging has emerged as a favored choice, gaining popularity due to its ability to enhance product safety, prolong shelf life, and elevate aesthetic appeal while maintaining practicality. As consumer preferences continue to evolve, the imperative to identify packaging options that meet these dynamic expectations becomes increasingly pronounced. Solvent based laminating adhesives are strategically positioned to capitalize on this trend, playing a pivotal role in the pursuit of sophisticated flexible packaging solutions. Their versatility, coupled with advantages in sustainability and affordability, positions them as indispensable components in addressing the evolving demands of the market and ensuring the longevity of products in an ever-changing consumer landscape.
The key players profiled in this report include: Henkel Corporation, Arkema Group, Ashland, Dow Chemical Company, Evonik Industries, H.B. Fuller, 3M, COIM Group, Flint Group, and Morchem. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as
1) collaborations and product launches.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solvent-based laminating adhesive market analysis from 2022 to 2032 to identify the prevailing solvent-based laminating adhesive market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the solvent-based laminating adhesive market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global solvent-based laminating adhesive market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
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Consumer Buying Behavior Analysis
Investment Opportunities
Product Benchmarking / Product specification and applications
Technology Trend Analysis
Go To Market Strategy
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Regulatory Guidelines
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Criss-cross segment analysis- market size and forecast
Historic market data
Import Export Analysis/Data
List of customers/consumers/raw material suppliers- value chain analysis
Market share analysis of players at global/region/country level
SWOT Analysis
Key Market Segments
By Material
Polyethylene Terephthalate (PET)
Others
By Application
Food Packaging
Medical and Healthcare
Cosmetic Products
Others
By Region
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
UAE
South Africa
Argentina
Rest of LAMEA
Key Market Players:
Henkel Corporation
Arkema Group
Ashland
Dow Chemical Company
Evonik Industries
H.B. Fuller
3M
COIM Group
Flint Group
Morchem
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Market Share Analysis
3.6. Brand Share Analysis
3.7. Value Chain Analysis
3.8. Regulatory Guidelines
3.9. Key Regulation Analysis
3.10. Patent Landscape
CHAPTER 4: SOLVENT-BASED LAMINATING ADHESIVE MARKET, BY MATERIAL
4.1. Overview
4.1.1. Market size and forecast
4.2. Polyethylene Terephthalate (PET)
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Others
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
CHAPTER 5: SOLVENT-BASED LAMINATING ADHESIVE MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Food Packaging
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Medical and Healthcare
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Cosmetic Products
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Others
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
CHAPTER 6: SOLVENT-BASED LAMINATING ADHESIVE MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by Material
6.2.3. Market size and forecast, by Application
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Market size and forecast, by Material
6.2.4.1.2. Market size and forecast, by Application
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast, by Material
6.2.4.2.2. Market size and forecast, by Application
6.2.4.3. Mexico
6.2.4.3.1. Market size and forecast, by Material
6.2.4.3.2. Market size and forecast, by Application
6.3. Europe
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by Material
6.3.3. Market size and forecast, by Application
6.3.4. Market size and forecast, by country
6.3.4.1. France
6.3.4.1.1. Market size and forecast, by Material
6.3.4.1.2. Market size and forecast, by Application
6.3.4.2. Germany
6.3.4.2.1. Market size and forecast, by Material
6.3.4.2.2. Market size and forecast, by Application
6.3.4.3. Italy
6.3.4.3.1. Market size and forecast, by Material
6.3.4.3.2. Market size and forecast, by Application
6.3.4.4. Spain
6.3.4.4.1. Market size and forecast, by Material
6.3.4.4.2. Market size and forecast, by Application
6.3.4.5. UK
6.3.4.5.1. Market size and forecast, by Material
6.3.4.5.2. Market size and forecast, by Application
6.3.4.6. Rest of Europe
6.3.4.6.1. Market size and forecast, by Material
6.3.4.6.2. Market size and forecast, by Application
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by Material
6.4.3. Market size and forecast, by Application
6.4.4. Market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. Market size and forecast, by Material
6.4.4.1.2. Market size and forecast, by Application
6.4.4.2. Japan
6.4.4.2.1. Market size and forecast, by Material
6.4.4.2.2. Market size and forecast, by Application
6.4.4.3. India
6.4.4.3.1. Market size and forecast, by Material
6.4.4.3.2. Market size and forecast, by Application
6.4.4.4. South Korea
6.4.4.4.1. Market size and forecast, by Material
6.4.4.4.2. Market size and forecast, by Application
6.4.4.5. Australia
6.4.4.5.1. Market size and forecast, by Material
6.4.4.5.2. Market size and forecast, by Application
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Market size and forecast, by Material
6.4.4.6.2. Market size and forecast, by Application
6.5. LAMEA
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by Material
6.5.3. Market size and forecast, by Application
6.5.4. Market size and forecast, by country
6.5.4.1. Brazil
6.5.4.1.1. Market size and forecast, by Material
6.5.4.1.2. Market size and forecast, by Application
6.5.4.2. UAE
6.5.4.2.1. Market size and forecast, by Material
6.5.4.2.2. Market size and forecast, by Application
6.5.4.3. South Africa
6.5.4.3.1. Market size and forecast, by Material
6.5.4.3.2. Market size and forecast, by Application
6.5.4.4. Argentina
6.5.4.4.1. Market size and forecast, by Material
6.5.4.4.2. Market size and forecast, by Application
6.5.4.5. Rest of LAMEA
6.5.4.5.1. Market size and forecast, by Material
6.5.4.5.2. Market size and forecast, by Application