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Asia-Pacific Laminated Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asia-Pacific Laminated Adhesives Market is Segmented by Type (Polyurethane, Acrylic, and Others), Technology (Water-borne, Solvent-borne, Solvent-less, and Others), Application (Packaging, Industrial, Transportation, and Others), Geography (China, India, Japan, South Korea, and Rest of Asia Pacific). The report offers market size and forecasts for Asia-Pacific Laminated Adhesives in value (USD Million) for all the above segments.

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Asia-Pacific Laminated Adhesives Market Size

Asia-Pacific Laminated Adhesives Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.00 %
Market Concentration High

Major Players

Asia-Pacific Laminated Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia-Pacific Laminated Adhesives Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Asia-Pacific Laminated Adhesives Market Analysis

The Asia-Pacific laminated adhesives market is estimated to register a CAGR of over 6% during the forecast period.

The market was negatively impacted by the COVID-19 pandemic. Many industrial, building & construction, food & beverages, automobile, and packaging operations were shut down during the first half of the pandemic, resulting in a slowdown for the laminated adhesives market. The market is projected to grow steadily as packaging, building, construction, and automotive production observed growth in 2021.

  • The growing population of the middle class in the Asia-Pacific region favors higher consumption of packaged food from the food & beverage industry, resulting in higher demand for laminated adhesives.
  • However, concerns about the overall environment, health and safety aspects associated with laminated adhesives serve as deterrents to market growth.
  • Nevertheless, with China and India emerging as the hub of packaging, construction, and automobile industries, the market is expected to grow prominently in the Asia-Pacific region.

Asia-Pacific Laminated Adhesives Market Trends

This section covers the major market trends shaping the APAC Laminated Adhesives Market according to our research experts:

Increasing Usage from the Food Packaging Segment

  • With the growing middle-class population and rise in disposable income in the market, higher consumption of packaged and frozen foods has been observed. The increase in consumption of packaged and frozen foods in India and China has augmented the demand for laminated adhesives for food packaging.
  • According to the USDA Foreign Agricultural Service, consumption of organic packaged food in terms of value in India rose from USD 14 million in 2020 to USD 15 million in 2021. It is further expected to reach USD 17 million by end of 2022.
  • The FICCI expects the food processing market to grow with a CAGR of 12.09% during the FY-2020-FY-2024 period, and therefore, demand for laminated adhesives is expected to be on the rise during the same period.
  • The above-mentioned factors are expected to strongly drive the Chinese laminated adhesives market.
Laminated Adhesives Market -Laminated Adhesives Market, Volume CAGR (), by Application, Asia-Pacific, 2022-2027

China Set to Lead the Growth in the Asia-Pacific Region

  • The Chinese packaged food industry is set to demonstrate robust growth in the region, primarily driven by the increasing population, and the rise in per-capita income.
  • With the tourism industry gradually returning to pre-covid levels, the additional footfall of tourists is expected to further drive the demand for packaged foods and beverages. The tourism industry in China is forecasted to hold a 15% share of the country's GDP over the next three years.
  • The automotive industry in China is also witnessing steady growth and revival from the COVID-19 aftermath. The China Association of Automobile Manufacturers (CAAM) predicts that the auto market will achieve the goal of steady growth for FY22.
  • The export of NEVs and automobiles is expected to gain momentum. Overall vehicle production and sales in September 2022 amounted to over 2.67 million units and 2.61 million units, representing a 28.1% and 25.7% year-on-year increase, respectively.
  • With laminated adhesives finding extensive demand from the packaging and automotive industries, the above-mentioned factors are expected to strongly drive the Chinese laminated adhesives market.
Laminated Adhesives Market, Volume CAGR (%), by Geography, Asia-Pacific, 2022-2027

Asia-Pacific Laminated Adhesives Industry Overview

The Asia-Pacific laminated adhesives market is consolidated in nature. Some of the major players in the market include Dow, Henkel AG & Co. KGaA, 3M, Toyo INK Group, HuberGroup, Ashland, H.B. Fuller, and Others.

Asia-Pacific Laminated Adhesives Market Leaders

  1. Dow

  2. Henkel AG & Co. KGaA

  3. 3M

  4. Toyo INK Group

  5. H.B. Fuller

*Disclaimer: Major Players sorted in no particular order

APAC Laminated Adhesives Market Concentration.png
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Asia-Pacific Laminated Adhesives Market News

  • In September 2022, Toyo Ink announced to double laminating adhesives production capacity in Asia, expansion work is underway with the full operation to begin by Q3, 2023.
  • In August 2022, Brilliant Polymers an Indian-based manufacturer of laminating adhesives opened a plant in Ambernath, India to expand its production capacity. The plant, which was set up at an investment of $12.5 million, will double the site's capacity to 45,600t.
  • In June 2022, Toyo-Morton, a member of Toyo INK Group, launched epoxy silane-free laminated adhesives for flexible packaging. The new lineup was formulated for global converters and food manufacturers, who are now seeking out safer alternatives for use in multilayered flexible packaging.

Asia-Pacific Laminated Adhesives Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Population of Middle Class and Resultant Higher Consumption of Packaged Foods

      2. 4.1.2 Emergence of China and India as Hubs of Packaging, Construction & Automobile Industries

    2. 4.2 Restraints

      1. 4.2.1 Environmental, Health and Safety Concerns Associated with Laminating Adhesives

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Polyurethane

      2. 5.1.2 Acrylic

      3. 5.1.3 Others

    2. 5.2 Technology

      1. 5.2.1 Solvent-Borne

      2. 5.2.2 Solvent-Less

      3. 5.2.3 Water-Borne

      4. 5.2.4 Others

    3. 5.3 Application

      1. 5.3.1 Packaging

      2. 5.3.2 Industrial

      3. 5.3.3 Transportation

      4. 5.3.4 Others

    4. 5.4 Geography

      1. 5.4.1 China

      2. 5.4.2 India

      3. 5.4.3 Japan

      4. 5.4.4 South Korea

      5. 5.4.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 ACTEGA - A division of ALTANA

      3. 6.4.3 Arkema

      4. 6.4.4 Ashland Speciality Chemicals

      5. 6.4.5 Avery Dennison

      6. 6.4.6 DIC Corporation

      7. 6.4.7 Dow Laminating Adhesives

      8. 6.4.8 HB Fuller

      9. 6.4.9 Henkel AG & Co. KGaA

      10. 6.4.10 Huber Group

      11. 6.4.11 Jowat Adhesives

      12. 6.4.12 Toyochem Specialty Chemical Sdn Bhd

      13. 6.4.13 Toyo Ink

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Green Innovation in Packaging Adhesives Market

**Subject to Availability
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Asia-Pacific Laminated Adhesives Industry Segmentation

Laminated adhesives bond with many different substrates to produce a laminated film with new functions. Apart from being used in the packaging industry, laminated adhesives are used in applications requiring strong bonding holds like automobile manufacturing, insulation facing, coatings, and building & construction industries. The Asia-Pacific laminated adhesives market is segmented by type (polyurethane, acrylic, and other types), technology (solvent-borne, water-borne, solvent-less, and other technologies), application (packaging, industrial, transportation, and other applications), and geography. The report also offers the market size and forecasts for major countries across the region. For each segment, the market sizing and forecasts have been done on the basis of value (USD Million).

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Asia-Pacific Laminated Adhesives Market Research FAQs

The Asia-Pacific Laminated Adhesives Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Dow, Henkel AG & Co. KGaA, 3M, Toyo INK Group and H.B. Fuller are the major companies operating in the Asia-Pacific Laminated Adhesives Market.

The report covers the Asia-Pacific Laminated Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Laminated Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia-Pacific Laminated Adhesives Industry Report

Statistics for the 2024 Asia-Pacific Laminated Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Laminated Adhesives analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Asia-Pacific Laminated Adhesives Market Report Snapshots

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Asia-Pacific Laminated Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)