What Has Been the Progress and Growth of the Solvent Based Adhesives Market in Recent Years?
The solvent based adhesives market has seen considerable growth due to a variety of factors.
• In the past few years, the market size of solvent-based adhesives has seen robust growth. The market, which stood at $15.06 billion in 2024, is projected to expand to $15.93 billion in 2025, achieving a compound annual growth rate (CAGR) of 5.8%.
This significant growth during the historical period is linked to factors such as industrial applications, comprehensive substrate compatibility, swift drying times, and extended shelf life.
What Can Be Expected from the Solvent Based Adhesives Market Size?
The solvent based adhesives market is expected to maintain its strong growth trajectory in upcoming years.
• The dimension of the solvent-based adhesives industry is anticipated to experience significant expansion in the forthcoming years. By the year 2029, it is projected to escalate to $19.48 billion, with a compound annual growth rate (CAGR) of 5.2%.
The augmentation during the predicted duration is linked to the surge in the automotive sector, development in construction and infrastructure, electronic components and renewable energy. Key trends for the forecast period consist of hybrid adhesives, resistance to high temperature, bespoke formulations, and innovative packaging.
What Are the Critical Driver Fuelling The Solvent Based Adhesives Market's Growth?
The market for solvent-based adhesives is anticipated to profit from the expansion of the auto manufacturing industry in the upcoming period. The production of lightweight cars is on the rise, which is propelling the demand for adhesives and sealants. To reduce a car's weight, these adhesives and sealants are used instead of welded joints, mechanical fasteners, and gaskets. Therefore, the burgeoning demand for lightweight cars is likely to escalate the need for solvent-based adhesives in the forecast period.
How Is The Solvent Based Adhesives Market segmented?
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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What New Trends Are Influencing The Solvent Based Adhesives Market?
Leading businesses active in the solvent-based adhesives sector are emphasizing the production of innovative products like pearl bond adhesive to bolster their market revenue. Pearl Bond adhesive, a crystalline thermoplastic polyurethane (TPU) adhesive, is specially designed for the production of reactive hot melt adhesives (HMAs) and hot melt adhesives (HMAs). Case in point, Pearl Polyurethane Systems LLC, a UAE-based PU adhesives provider, including solvent-based adhesives, introduced a pearl bond adhesive in April 2023. This adhesive range can be applied in various sectors, including the creation of footwear uppers, vehicle interior trim, and other textile substrates. In addition to its resistance to microbial attack, which adds to its durability and longevity, the adhesive offers a cost-effective solution, providing exceptional bonding solutions for hot melt adhesives.
Who Are the Key Players 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.
What Is The Most Dominant Region In The Solvent Based Adhesives Market?
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.
