The solvent-based adhesives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Solvent-Based Adhesives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The solvent-based adhesives market size has grown strongly in recent years. It will grow from $14.24 billion in 2023 to $15.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to industrial applications, wide substrate compatibility, fast drying time, long shelf life.
The solvent-based adhesives market size is expected to see strong growth in the next few years. It will grow to $18.47 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to automotive industry growth, construction and infrastructure development, electronic components, renewable energy. Major trends in the forecast period include hybrid adhesives, high-temperature resistance, custom formulations, packaging innovations.
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Scope Of Solvent-Based Adhesives Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Solvent-Based Adhesives Market Overview
Market Drivers –
The solvent-based adhesives market is expected to benefit from growth in the automobile manufacturing industry during the forecast period. There is a drive for the production of lightweight automobiles, which is leading to an increase in demand for adhesives and sealants. These adhesives and sealants are used in place of welded joints, mechanical fasteners, and gaskets and help reduce the weight of the automobile. Thus, the rising demand for lightweight automobiles is expected to increase the demand for solvent-based adhesives during the forecast period.
Market Trends –
Major companies operating in the solvent-based adhesives market are focusing on innovative products such as pearl bond adhesive to drive revenues in the market. Pearl Bond adhesive is a range of crystalline thermoplastic polyurethane (TPU) adhesives that is intended for the manufacturing of reactive hot melt adhesives (HMAs) and hot melt adhesives (HMAs). For instance, in April 2023, Pearl Polyurethane Systems LLC, a UAE-based company that provides PU-based adhesives, including solvent-based adhesives launched a pearl bond adhesive. The Pearl Bond adhesive line is utilized in a range of applications such as footwear uppers, vehicle interior trim, and other textile substrates. The adhesive line is also very resistant to microbial attack; giving it a long-lasting and durable option for a variety of applications, and offers a cost-effective formulation that delivers exceptional bonding solutions for hot melt adhesives .
The solvent-based adhesives market covered in this report is segmented –
1) By Type: PolyurethanePU, Styrenic Block, Ethyl Vinly AcetateEVA
2) By End User Industry: Paper and Packaging, Building and Construction, Woodworking, Automotive and Transportation, Other End Use Industries
3) By Distribution Channel: Direct Sales, Distributor
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Regional Insights –
Asia-Pacific was the largest region in the solvent-based adhesives market in 2023. North America was the second-largest region in the solvent-based adhesives market report. The regions covered in the solvent-based adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies –
Major companies operating in the solvent-based adhesives market include 3M Company, Alfa International Corporation, Arkema Group, Ashland Inc., Avery Dennison Corporation, Everad Adhesives SAS, DuPont de Nemours Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation, Jowat AG, LORD Corporation, Sika AG, Bostik, RPM International Inc., KCC Corporation, Illinois Tool Works Inc., MAPEI SpA, Akzo Nobel NV, Permabond LLC, Franklin International Inc., COIM Group, Royal Adhesives & Sealants LLC, Reynolds Industries Inc., Cattie Adhesives Solutions LLC, AJ Adhesives Inc., Adhesives Research Inc., L.D. Davis Industries Inc., Mars Supply, Ashland Global Holdings Inc., Beardow Adams Group, Chemence Inc.
Table of Contents
1. Executive Summary
2. Solvent-Based Adhesives Market Report Structure
3. Solvent-Based Adhesives Market Trends And Strategies
4. Solvent-Based Adhesives Market – Macro Economic Scenario
5. Solvent-Based Adhesives Market Size And Growth
…..
27. Solvent-Based Adhesives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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