Global Solvent-Based Adhesives Market Trends And Strategies Of Major Players In The Solvent-Based Adhesives Market 2021-2030
8 Oct, 2021
The solvent-based adhesives market consists of sales of solvent-based adhesives that are formulated on an elastomer dissolved in a solvent, or phenolic/formaldehyde resins dissolved in a solvent.
Global Solvent-Based Adhesives Market Size And Drivers:
The global solvent-based adhesives market is expected to grow from $4.62 billion in 2020 to $4.82 billion in 2021 at a compound annual growth rate (CAGR) of 4.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $5.27 billion in 2025 at a CAGR of 2%. Solvent-based adhesives market is expected to benefit from growth in the automobile manufacturing industry during the forecast period.
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Trends In The Global Solvent-Based Adhesives Market
Companies in the solvent-based adhesives market are adopting IoT (Internet of Things) technologies to connect equipment, smart devices to gather real time insights and optimize the manufacturing process. The data obtained is processed, analyzed and interpreted by plant managers and senior level management to improve quality and achieve optimum production levels.
Global Solvent-Based Adhesives Market Segments:
The global solvent-based adhesives market is further segmented –
By Type: Polyurethane, Styrene Block, Ethyl Vinly Acetate EVA
By End Use Industry: Paper and Packaging, Building and Construction, Woodworking, Automotive and Transportation, Others
By Distribution Channel: Direct Sales, Distributor
By Geography: The global solvent-based adhesives market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Solvent-Based Adhesives Market At:
https://www.thebusinessresearchcompany.com/report/solvent-based-adhesives-global-market-reportSolvent-Based Adhesives Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides solvent-based adhesives market overviews, analyzes and forecasts market size and growth for the global solvent-based adhesives market, solvent-based adhesives market share, solvent-based adhesives market players, solvent-based adhesives market segments and geographies, solvent-based adhesives market’s leading competitors’ revenues, profiles and market shares. The solvent-based adhesives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.