The Global Solvent Based Laminating Adhesives Market Size was valued at USD 607 Million in 2021 and is predicted to be worth USD 1,084 Million by 2030, with a CAGR of 6.9% from 2022 to 2030.

Solvent based laminating adhesives are solution that has high bond strength. They find wide applicability in flexible packaging.

Report Coverage

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.

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.

Solvent Based Laminating Adhesives Market Segmentation

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. The type of lamination segment is divided into film to film, film to foil, and film to metalized film. The end-use segment is divided into food, healthcare, industrial packaging, and others. Among end use the food segment is expected to account for major revenue share among other end use segment.

Market by Type of Packaging

• Acetone
• MEK
• Toluene
• Ethyl Acetate
• MEK- Toluene
• 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

• Food
• Healthcare
• Industrial packaging
• Others

Solvent Based Laminating Adhesives Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Latin America

• Mexico
• Brazil
• Rest of Latin America

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

The Middle East & Africa (MEA)

• Gulf Cooperation Council (GCC)
• South Africa
• Rest of the Middle East & Africa