The Solvent-Based Adhesives Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Solvent-Based Adhesives Global Market Report 2024, 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.
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
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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
The solvent-based adhesives market report table of contents includes:
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
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26. South America Solvent-Based Adhesives Market
27. Brazil Solvent-Based Adhesives Market
28. Middle East Solvent-Based Adhesives Market
29. Africa Solvent-Based Adhesives Market
30. Solvent-Based Adhesives Market Competitive Landscape And Company Profiles
Top Major Players:
- 3M Company
- Alfa International Corporation
- Arkema Group
- Ashland Inc
- Avery Dennison Corporation
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