Solvent-Based Adhesives Market Driven By Demand For Lightweight Automobiles: Strengthening the Growth Trajectory of the Solvent-Based Adhesives Market

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What Is the Expected CAGR for the Solvent-Based Adhesives Market Through 2025?
Recent years have seen substantial growth in the size of the solvent-based adhesives market. The market, which is valued at $15.06 billion in 2024, is projected to increase to $15.93 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this growth during the historic period involve industrial applications, the capability to be compatible with a wide range of substrates, quick drying times, and longevity on the shelf.

What's the Projected Size of the Global Solvent-Based Adhesives Market by 2029?
In the years to come, robust expansion is projected for the solvent-based adhesives market, with its size expected to reach $19.48 billion by 2029, spurred by a compound annual growth rate (CAGR) of 5.2%. The surge over the forecast period can be traced back to the development of the automobile industry, construction and infrastructure growth, electronic components, and renewable energy. The prediction includes significant trends such as hybrid adhesives, resistance to high temperatures, custom-made formulations, and innovative packaging.

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Top Growth Drivers in the Solvent-Based Adhesives Industry: What's Accelerating the Market?
Anticipated development in the automobile manufacturing industry during the forecast period will likely favor the solvent-based adhesives market. There's a current push in production for lighter automobiles, subsequently increasing the need for adhesives and sealants. These substances replace the use of welded joints, mechanical fasteners, and gaskets, contributing to the weight reduction of the vehicles. Hence, as the demand for lightweight automobiles emerges, so are expectations for a surge in the need for solvent-based adhesives in the forecast years.

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What Trends Will Shape the Solvent-Based Adhesives Market Through 2029 and Beyond?
Major corporations in the solvent-based adhesives sector are focusing on pioneering products like the Pearl Bond adhesive to augment their market revenue. Pearl Bond adhesives are a range of crystalline thermoplastic polyurethane (TPU) adhesives, formulated especially for the production of reactive hot melt adhesives (HMAs) and hot melt adhesives (HMAs). Pearl Polyurethane Systems LLC, a UAE-based adhesive provider specializing in PU-based adhesives, including solvent-based adhesives, launched its Pearl Bond adhesive in April 2023. The Pearl Bond adhesive line, employed in numerous applications such as footwear uppers, automotive interior trim, and other textile substrates, showcases strong resistance to microbial intrusion, making it a durable, long-lasting choice for various uses. Furthermore, it's a cost-effective formulation offering unparalleled bonding solutions for hot melt adhesives.

What Are the Main Segments in the Solvent-Based Adhesives Market?
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

Subsegments:
1) By Polyurethane (PU): Aromatic Polyurethane Adhesives, Aliphatic Polyurethane Adhesives, Moisture-Cured Polyurethane Adhesives
2) By Styrenic Block: SBS (Styrene-Butadiene-Styrene) Based Adhesives, SEBS (Styrene-Ethylene-Butylene-Styrene) Based Adhesives, SIS (Styrene-Isoprene-Styrene) Based Adhesives
3) By Ethyl Vinyl Acetate (EVA): Low-Vinyl Acetate EVA Adhesives, High-Vinyl Acetate EVA Adhesives, EVA Hot-Melt Adhesives

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Which Top Companies are Driving Growth in the Solvent-Based Adhesives Market?
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.

Which Regions Will Dominate the Solvent-Based Adhesives Market Through 2029?
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.

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