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Solvent-Based Adhesives Market Size, Share, Major Players, Business Strategies, Opportunities And Forecast To 2033

Solvent-Based Adhesives Market Analysis

Solvent-Based Adhesives Market Analysis

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company's Solvent-Based Adhesives Global Market Report 2024 identifies demand for lightweight automobiles as the major driver for the solvent-based adhesives market's growth in 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.

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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Major competitors in the solvent-based adhesives market are 3M Company, Alfa International Corporation, Arkema Group, Ashland Inc., Avery Dennison Corporation, Everad Adhesives SAS, DuPont de Nemours Inc.
A key trend in the solvent-based adhesives market includes increasing focus on product innovations to provide reliable services to their customers. 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 .

Read More On The Global Solvent-Based Adhesives Market Report Here:
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The solvent-based adhesives market 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

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the solvent-based adhesives market.

The Business Research Company's "Global Solvent-Based Adhesives Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Solvent-Based Adhesives Market Include:
1. Executive Summary
2. Solvent-Based Adhesives Market Characteristics
3. Solvent-Based Adhesives Market Trends And Strategies
4. Solvent-Based Adhesives Market - Macro Economic Scenario
5. Global Solvent-Based Adhesives Market Size and Growth
………
31. Global Solvent-Based Adhesives Market Competitive Benchmarking
32. Global Solvent-Based Adhesives Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Solvent-Based Adhesives Market
34. Solvent-Based Adhesives Market Future Outlook and Potential Analysis
35. Appendix

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