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Solvent-Based Adhesives Market to Grow at 10.2% CAGR, Reaching $24.86 Billion by 2029
Solvent-Based Adhesives Market
Solvent-Based Adhesives Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, there has been a swift expansion in the size of the solvent-based adhesives market. The market has grown from $15.29 billion in 2024 to an estimated $16.84 billion in 2025, representing a compound annual growth rate (CAGR) of 10.1%. Factors contributing to growth during the historic period include industrial utilization, broad substrate compatibility, quick drying periods, and extended product shelf life.
Solvent-Based Adhesives Market Forecast: What Size Will It Reach By 2029?
The market size of solvent-based adhesives is projected to witness substantial expansion in the coming years. It is anticipated to reach a worth of $24.86 billion in 2029, with a compound annual growth rate (CAGR) of 10.2%. This surge in the predicted period can be credited to factors such as expansion in the automotive industry, development in construction and infrastructure, electronic components, and renewable energy. Noteworthy trends during the forecast period consist of hybrid adhesives, resistance to high-temperature, tailored formulations, and innovative packaging.
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Which Key Market Drivers Will Shape Solvent-Based Adhesives Industry Trends in 2025-2029?
The projected expansion in the automobile manufacturing sector is anticipated to positively impact the solvent-based adhesives market in the forecast period. The push for the fabrication of lightweight vehicles is contributing to an elevated demand for adhesives and sealants, frequently utilized as substitutes for welded joints, mechanical fasteners, and gaskets, thereby decreasing the weight of the vehicle. Consequently, an escalating requirement for lightweight vehicles is presumed to up surge the demand for solvent-based adhesives within the forecast period.
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What Are the High-Growth 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
Which Global Trends Are Driving Solvent-Based Adhesives Market Expansion?
Leading enterprises active in the solvent-based adhesives industry are leveraging new products like pearl bond adhesive to significantly boost market revenue. Pearl Bond adhesive comprises a series of crystalline thermoplastic polyurethane (TPU) adhesives, which are meant for the production of reactive hot melt adhesives (HMAs) and hot melt adhesives (HMAs). In April 2023, Pearl Polyurethane Systems LLC, a UAE-based firm specializing in PU-based adhesives, including solvent-based adhesives, introduced a pearl bond adhesive. This product line sees wide usage in various sectors, including footwear uppers, vehicle interior trim, and other textile substrates. The adhesive line can withstand microbial attacks, providing a long-lasting, durable option for diverse uses, and represents a cost-efficient formulation that imparts unique bonding solutions for hot melt adhesives.
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Who Are the Fastest-Growing Companies in the Solvent-Based Adhesives Industry?
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.
What Is the Regional Outlook for the Solvent-Based Adhesives Market by 2029?
Asia-Pacific was the largest region in the solvent-based adhesives market in 2024. 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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