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Solvent-Based Adhesives Market Trends, Share Analysis And Forecast To 2033
Solvent-Based Adhesives Market Trends
As per the report, 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 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%.
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Solvent-Based Adhesives Market Driven By Demand For Lightweight Automobiles
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.
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 .
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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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.
Contents of the report:
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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