The adhesives refer to products such as glues, and caulking compounds that are used to bind surfaces of two separate items. The adhesives include properties such as abrasion resistant, creep and fatigue resistant, dimensionally stable, flexible and toughened, low shrinkage, and hardness. The main types of adhesives are water-based adhesives, solvent-based adhesives, hot-melt-based adhesives, reactive adhesives and other types of adhesives. Water-based adhesives are formulated with natural and synthetic polymers that will readily dissolve in water. They harden by evaporating water or by absorption of water into the porous substrate. The product types are acrylic, PVA, polyurethane, styrenic block, epoxy, Eva, and other product types. The various applications involved are packaging, construction, laminates, woodstock and furnishing, automobiles, footwear, and other applications. The adhesives market research report is one of a series of new reports from The Business Research Company that provides adhesives market statistics, including adhesives industry global market size, regional shares, competitors with an adhesives market share, detailed adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the adhesives industry. This adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global adhesives market grew from $77.15 billion in 2022 to $83.99 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The adhesives market is expected to grow to $116.33 billion in 2027 at a CAGR of 8.5%. During this historic period, technological development was a key driver of the global economy. Industries such as the adhesives industry, which involve technology, benefited from this trend. Technologies such as hot melts, reactive acrylics, and UV systems have become popular because of their safety and energy efficiency. Adhesives also replaced mechanical fastening systems due to better performance and overall lower costs. These factors drove the adhesives market during the historic period. Rising geopolitical tensions had a negative impact on the adhesives market during the historic period. Repercussions of geopolitical tensions include sanctions on Russia, trade protectionism, and heightened military tensions in the Middle East. Many countries place trade restrictions, especially on imports, to boost local production. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. The US is also implementing several trade restrictions, especially with China, to boost its local production. For instance, the US imposed tariffs on $550 billion worth of Chinese goods, including chemicals and plastics, as of January 2020. Continued violence and terrorism in the Middle East and other parts of the world are also expected to have a negative impact on the market. Many adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to obtain real-time insights and identify inefficiencies in 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. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers of possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company, and H.B. Fuller. Major companies in the adhesives market include Henkel AG & Co KGaA, Sika AG, 3M Company, Arkema SA, H.B. Fuller, MAPEI, DuPont Inc., Beiersdorf AG, Sekisui Chemical Co Ltd., and RPM International Inc. Asia-Pacific was the largest region in the adhesives market in 2022. North America was the second-largest region in The adhesives market. The regions covered in the adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the adhesives market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The adhesives market consists of the sales of wet adhesives, contact adhesives, single/two component reactive adhesives, and pressure-sensitive adhesives. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global adhesives market is segmented - 1) By Type: Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt-Based Adhesives, Reactive & Other Adhesives 2) By Product Type: Acrylic, PVA, Polyurethanes, Styrenic Block, Epoxy, EVA, Other Product Types 3) By Application: Packaging, Construction, Laminates, Woodstock and Furnishing, Automobile, Footwear, Other Applications

Adhesive tapes are a combination of a material and an adhesive layer that can be used to join two objects or materials together. It consists of a pressure-sensitive adhesive, which is coated onto a backing material like paper, plastic film, cloth, or metal foil and has removable release liners protecting the adhesive before usage. The main types of resins used for manufacturing adhesive tapes are acrylic, rubber, silicone, others. The various types of material used include polypropylene (PP), paper, polyvinyl chloride (PVC), others. The technologies for production consists of solvent-based, hot-melt based, water-based. Adhesive tapes are used in various sectors including packaging, consumer and office, healthcare, automotive, electrical and electronics, building and construction, others. The adhesive tapes market research report is one of a series of new reports from The Business Research Company that provides adhesive tapes market statistics, including adhesive tapes industry global market size, regional shares, competitors with a adhesive tapes market share, detailed adhesive tapes market segments, market trends and opportunities, and any further data you may need to thrive in the adhesive tapes industry. This adhesive tapes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global adhesive tapes market size grew from $65.68 billion in 2022 to $70.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The adhesive tapes market size is expected to grow to $92.22 billion in 2027 at a CAGR of 6.9%. The growth of the automotive industry and the rapid rise in demand for adhesive tapes from the automotive sector worldwide are expected to propel the adhesive tapes market during the forecast period. Adhesive tapes are lightweight, compact, and smooth, making them ideal for use in car interiors for bonding of electronic products, parking sensor retainers, door cladding, spoiler and seals among others. The global passenger car market is expected to increase from $1321.7 billion in 2020 to $1988.7 billion by 2025. Due to an increased affinity for lightweight, metal fasteners are increasingly being replaced in cars with adhesive tapes, thus, the increased production of automobiles will lead to a rise in the demand for adhesive tapes and boost their sales. Adhesive products are potentially hazardous during the manufacturing stages, which negatively impacted the growth of the adhesive tapes market in the historic period. This is mainly because the manufacturing processes involves high temperatures and high-pressure reactions which can be dangerous unless controlled carefully. Due to this, regulations in the adhesives industry – in assessing and managing the risks involved in the manufacturing, transporting and disposing of chemicals – increased in the historic period. Adhesives have to be compliant with complex regulations that govern labeling, handling, manufacturing, and shipping and storage of the product. Additional compliance costs due to changing regulations, as different countries and geographies have different regulations, was a major restraint for adhesive tape companies. The launch of eco-friendly tapes is a key trend in the adhesive tapes market. Several countries around the world have banned the use of toxic materials used in the manufacture of adhesive goods. Increased demand for recyclable tapes has been driven by federal policies as well as a change in end-user emphasis toward environmentally sustainable goods. Many companies are shifting from plastic to bio-degradable materials like paper and cellulose for manufacturing tapes. In January 2020, Monta, a German-based manufacturer of self-adhesive tapes for packaging and consumer use, has introduced Monta Biopack, a modern self-adhesive tape. Monta Biopack is made up of about 90% renewable materials. This environmentally friendly adhesive tape biodegrades in a matter of months, closing the natural recycle circle. In another instance, in January 2021, Italy based IRPLAST launched its ECO+ tape which is made of 34% post-industrial recycled IRPLAST BOPP film. The cores are made from recycled cardboard and the tape reduces emissions with no loss in adhesion quality. In March 2021, ATP Adhesive Systems Group, a Switzerland-based company engaged in developing and manufacturing client-specific adhesive products announced the acquisition of BDK Industrial Products Ltd. for an undisclosed amount. The acquisition is expected to improve the market position of both the companies and helps them to provide a broader variety of customized products such as Medical adhesive tapes and customized adhesive tapes to their clients. BDK Industrial Products Ltd. is a UK-based specialized adhesive tape converter that has developed itself as a solution provider for healthcare and other industry customers. Major players in the adhesive tapes market are 3M, Nitto Denko Corporation, Tesa SE, Lintec Corporation, Avery Dennison Corporation, Intertape Polymer Group Inc., Henkel AG, Lohmann GmbH & Co., Scapa Group PLC, DuPont de Nemours Inc., H.B. Fuller Company, Shurtape Technologies LLC, Nichiban Co. Ltd., Advance Tapes International Ltd., Ajit Industries Pvt. Ltd., Sekisui Chemical Co. Ltd., American Biltrite, Canadian Technical Tape Ltd., Berry Global Inc., Dewal Industries Inc., Industrias Tuk, Saint Gobain, CMS Group of Companies, and RPM International. Asia-Pacific was the largest region in the adhesive tapes market in 2022. The region is predicted to record fastest growth over the forecast period. The regions covered in the adhesive tapes report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the adhesive tapes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The adhesive tapes market consists of sales of water-based adhesives and heat activated adhesives. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global adhesive tapes market is segmented - 1) By Resin Type: Acrylic, Rubber, Silicone, Other Resin Types 2) By Material Type: Polypropylene (PP), Paper, Polyvinyl Chloride (PVC), Other Material Types 3) By Technology Type: Solvent-Based, Hot-Melt Based, Water-Based 4) By End Use: Packaging, Consumer and Office, Healthcare, Automotive, Electrical and Electronics, Building and Construction, Other End Uses

The hot-melt-based adhesives are thermoplastic adhesives that are heated to create a melt before applying to the surface and are designed to be melted in an electric hot glue gun. The hot-melt-based adhesives are marketed in a solid state at room temperature, and these are activated through heating beyond their softening point between 50 and 160 degrees. The main types of hot-melt-based adhesives are thermoplastic polyurethane, ethylene vinyl acetate, styrenic-butadiene copolymers, polyolefins, polyamide, and other resin types. Polyamide is a polymer in which the amide group (CONH) connects the monomer units. The hot-melt-based adhesives are applied in packaging solutions, nonwoven hygiene products, furniture and woodwork, bookbinding, and other sectors that are used by building and construction, packaging, transportation, electrical and electronic appliances, healthcare, and other industries. The hot-melt-based adhesives market research report is one of a series of new reports from The Business Research Company that provides hot-melt-based adhesives market statistics, including hot-melt-based adhesives industry global market size, regional shares, competitors with a hot-melt-based adhesives market share, detailed hot-melt-based adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the hot-melt-based adhesives industry. This hot-melt-based adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global hot-melt-based adhesives market size will grow from $15.65 billion in 2022 to $17.04 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hot-melt-based adhesives market size is expected to grow from $23.54 billion in 2027 at CAGR of 8.4%. With growing awareness to preserve the environment, customers/consumers are fetching for eco-friendly products. Features like affordability, non-release of VOC into the environment, longer shelf life, reusability without degradation, and fast-drying ability are making hot melt adhesives as environmentally friendly adhesives when compared to other adhesives. For example, companies such as Bostik are providing hot-melt polyurethane adhesive for the textile industry by using a solventless technology that reduces the usage of hazardous solvents like methylene chloride. Hot-melt polyurethane adhesive has seen visible success in Asian underwear, sportswear, and medical garment manufacturers. The increasing demand for hot-melt polyurethane adhesives will drive the hot melt adhesives market. Many products produced by adhesives companies are potentially hazardous during the manufacturing stages. This is mainly because the manufacturing processes involve high temperatures and high-pressure reactions, which can be dangerous unless controlled carefully. In addition, some of these manufactured dyes harm both living organisms and the environment. Due to this, regulations in the adhesives industry—in assessing and managing the risks involved in the manufacturing, transporting, and disposing of chemicals—increased in the historical period. Adhesives have to be compliant with complex regulations that govern the labeling, handling, manufacturing, shipping, and storage of the product. Additional compliance costs for these changing regulations, as different countries and geographies have different regulations, were a major restraint for hot melt-based adhesives companies. Many hot melt-based adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real-time insights and locate gaps in 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. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers of possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company, and H.B. Fuller. Major players in the hot-melt-based adhesives market are Jowat Se, Sika AG, Tex Year Industries Inc., DowDuPont, Costchem SRL, American Chemical Inc., Bostik Inc., Huntsman Corp., Beardow & Adams Ltd., and Hexcel Corporation. Asia-Pacific was the largest region in the hot-melt-based adhesives market in 2022. North America was the second-largest region in the global hot-melt-based adhesives market. The regions covered in the global hot-melt-based adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the hot melt-based adhesives market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The hot-melt-based adhesives market consists of the sales of hot-melt pressure-sensitive adhesives, and poly amides hot-melt adhesives. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hot-melt-based adhesives market is segmented - 1) By Type: Thermoplastic Polyurethane, Ethylene Vinyl Acetate, Styrenic-butadiene Copolymers, Polyolefins, Polyamide, Other Resin Types 2) By Application: Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding, Other Applications 3) By End User: Building and Construction, Packaging, Transportation, Electrical and Electronic Appliances, Healthcare, Other End Users

Reactive and other adhesives refer to adhesives that are generally made out of monomer (resin) and an initiator. The reactive and other adhesives require a chemical reaction to form an adhesive bond. The main types of reactive and other adhesives are epoxy, acrylic, silicone, polyurethane, and other types. The major types of additives are polyurethane, acrylic, silicone, vinyl, epoxides, and other additives that are used in building and construction, automotive and transportation, power, electrical and electronics, and other sectors. The reactive and other adhesives market research report is one of a series of new reports from The Business Research Company that provides reactive & other adhesives market statistics, including global market size, regional shares, competitors with a reactive & other adhesives market share, detailed reactive & other adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the reactive & other adhesives industry. This reactive and other adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global reactive and other adhesives market size will grow from $10.76 billion in 2022 to $11.52 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global reactive and other adhesives market size is expected to grow from $14.92 billion in 2027 at a CAGR of 6.7%. The adhesive market is expected to benefit from growth in the automobile 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 are used in place of welded joints, mechanical fasteners, and gaskets and help reduce the weight of the automobile. For instance, companies such as Jowat are using reactive adhesives for the perfect bonding of vehicle parts in the automotive industry. Thus, the increased use of plastics in automobiles is expected to increase the demand for reactive adhesives during the forecast period. Stringent safety regulations associated with the manufacturing and transportation of adhesive chemicals have been a major restraint on the market. These substances are highly flammable, toxic, and hazardous when exposed to extreme temperatures and pressures. Companies in this industry should invest in equipment, technologies, and processes to limit toxic levels and chemical concentrations. These regulations increased the operating costs of companies in this industry, thus limiting the scope for investments relating to the launch of new products and expansion into new markets, thereby affecting market growth. Many adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real-time insights and locate gaps in 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. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers of possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company, and H.B. Fuller. In November 2020, Pidilite Industries, an Indian adhesives manufacturing company, acquired Huntsman Corporation for $28.55 billion. Through this acquisition, Araldite will add to the already very strong portfolio of Pidilite Industries adhesives and sealants and will complement Pidilite Industries' retail portfolio. Huntsman Corporation is an American manufacturer and marketer of chemical products for consumers and industrial customers. Major players in the reactive and other adhesives market are BASF SE, 3M, ADCO Global, Adhesives Research, American Biltrite, Avery Dennison, Chemence, Collano Adhesives, Dow Chemical, and H.B. Fuller. Asia-Pacific was the largest region in the reactive and other adhesives market in 2022. North America was the second-largest region in the global reactive & other adhesives market. The regions covered in the global reactive & other adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the reactive and other adhesives market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The reactive and other adhesives market consists of the sales of anaerobic, and cyanoacrylates reactive and other adhesives in various forms such as liquids, pastes, tapes, films, and powders. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global reactive & other adhesives market is segmented - 1) By Type: Epoxy, Acylic, Silicone, Polyurethane, Other Types 2) By Additive: Polyurethane, Acrylic, Silicone, Vinyl, Epoxides, Other Additives 3) By Application: Building & Construction, Automotive & Transportation, Power, Electrical & Electronics, Other Applications

Water-based adhesives are adhesives formulated either from natural polymers or soluble synthetic polymers, which may be supplied as solutions or formulated as dry powders. The water-based adhesives use a combination of water, polymers, and additives and ideal for both porous and non-porous substrates. The main types of water-based adhesives are acrylic polymer emulsion (PAE), polyvinyl acetate (PVA) emulsion, vinyl acetate ethylene (VAE) emulsion, styrene butadiene (SB) latex, and polyurethane dispersion (PUD). VAE emulsions are created by copolymerizing vinyl acetate and ethylene, with the vinyl acetate percentage ranging from 60 to 95 percent and the ethylene content ranging from 5 to 40% of the total formulation. The product types are vinyl acetate adhesives, starch/dextrin adhesives, rubber latex adhesives, protein/casein adhesives, and other types that are used in paper and packaging, building and construction, automotive and transportation, and other sectors. The water-based adhesives market research report is one of a series of new reports from The Business Research Company that provides water-based adhesives market statistics, including global market size, regional shares, competitors with a water-based adhesives market share, detailed water-based adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the water-based adhesives industry. This water-based adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global water-based adhesives market size will grow from $37.26 billion in 2022 to $41.23 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global water-based adhesives market size is expected to grow from $60.64 billion in 2027 at a CAGR of 10.1%. The adhesives market's growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global real GDP growth will be 3.7% over 2019 and 2020 and 3.6% from 2021 to 2023. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. For instance, according to the Asian Development Bank, a regional development bank, Asia’s share of world GDP is expected to increase to 40% by 2030 and 52% by 2050 . Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. Slower drying and freezing at low temperatures are the major issues with water-based adhesives. Due to the volatile characteristics of water, the drying process is taking long hours and the work process might be delayed. For example, companies such as Henkel are producing Technomelt adhesives, which are hot melt adhesives used in the automotive and furniture industries because they are quick-drying adhesives. As a result, the slower drying nature of water-based adhesives is limiting their growth.  Many adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real-time insights and locate gaps in 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. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers of possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company, and H.B. Fuller. In November 2020, Pidilite Industries, an Indian adhesives manufacturing company acquired Huntsman Corporation for $ 28.55 billion. Through this acquisition, Araldite will add to the already very strong portfolio of Pidilite Industries adhesives and sealants and will complement Pidilite Industries' retail portfolio. Huntsman Corporation, is an American manufacturer and marketer of chemical products for consumers and industrial customers. Major players in the water-based adhesives market are Henkel, H.B. Fuller, Arkema (Bostik), Sika, Dowdupont, DIC, 3M, Illinois Tool Works, Ashland, and Mapei. Asia-Pacific was the largest region in the water-based adhesives market in 2022. North America was the second-largest region in the global water-based adhesives market. The regions covered in the global water-based adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the water-based adhesives market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The water-based adhesives market consists of the sales of vegetable glues, animal or protein glues, resin cements, and latex cements. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global water-based adhesives market is segmented - 1) By Type of Resin: Acrylic Polymer Emulsion (PAE), Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate Ethylene (VAE) Emulsion, Styrene Butadiene (SB) Latex, Polyurethane Dispersion (PUD) 2) By Product Type: Vinyl Acetate Adhesives, Starch/Dextrin Adhesives, Rubber Latex Adhesives, Protein/Casein Adhesives, Other Product Types 3) By Application: Tapes & Labels, Paper & Packaging, Building & Construction: Automotive & Transportation, Other Applications (consumer & DIY, leather & footwear, sports & leisure, and assembly)

The solvent-based adhesives refer to a class of adhesives that are formulated on an elastomer dissolved in a solvent or phenolic/formaldehyde resins. The solvent-based adhesives are ideal for both porous and non-porous surfaces and offer secure adhesion. The main types of solvent-based adhesives are polyurethane, styrenic block, and ethyl vinyl acetate. Ethylene vinyl acetate (EVA) is a copolymer made up of ethylene and various quantities of vinyl acetate. The solvent-based adhesives are used in paper and packaging, building and construction, woodworking, automotive and transportation, and other sectors that are distributed through direct sales and distributors. The solvent-based adhesives market research report is one of a series of new reports from The Business Research Company that provides solvent-based adhesives market statistics, including solvent-based adhesives industry global market size, regional shares, competitors with a solvent-based adhesives market share, detailed solvent-based adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the solvent-based adhesives industry. This solvent-based adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global solvent-based adhesives market size will grow from $13.48 billion in 2022 to $14.19 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global solvent-based adhesives market size is expected to grow from $17.23 billion in 2027 at a CAGR of 5.0%. 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. Stringent safety regulations associated with the manufacturing and transportation of adhesive chemicals are acting as a restraint on the market. Adhesives are highly flammable, toxic, and hazardous when exposed to extreme temperatures and pressures. Companies in this industry are required to invest in equipment, technologies, and processes to limit toxic levels and chemical contamination. These regulations increase operating costs for companies, thus limiting their investments for business growth. Companies in the solvent-based adhesives market are adopting IoT (Internet of Things) technologies to connect equipment and 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. In November 2020, Pidilite Industries, an Indian adhesives manufacturing company, acquired Huntsman Corporation for $ 28558.8 million. Through this acquisition, Araldite will add to the already very strong portfolio of Pidilite Industries adhesives and sealants and will complement Pidilite Industries' retail portfolio. Huntsman Corporation is an American manufacturer and marketer of chemical products for consumers and industrial customers. Major players in the solvent-based adhesives market are 3M, Alfa International Corporation, Arkema Group (Bostik SA), Ashland Inc., Avery Dennison Corp., Everad Adhesives SAS, DowDuPont, H.B. Fuller Company, Henkel AG & Co. KGaA, and Huntsman Corp. Asia-Pacific was the largest region in the solvent-based adhesives market in 2022. North America was the second-largest region in the global solvent-based adhesives market. The regions covered in the global solvent-based adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the solvent-based adhesives market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The solvent-based adhesives market consists of the sales of contact adhesive, white glue, and rubber cement. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global solvent-based adhesives market 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

Solvent-based coatings contain organic compounds like solvents and constitute liquefying agents that evaporate through a chemical reaction with oxygen. Solvent-based coatings include high levels of organic compounds than water-based coatings and offer a long durability. The main types of solvent-based coatings are one-component system solvent-borne coatings and two-component system solvent-borne coatings. A two-component (2K) solvent-borne coating formulation consisting of dispersion as a first component and an acrylate binder with hydroxyl functionalities. The solvent-based coatings are applied in automotive solvent-borne coatings, industrial solvent-borne coatings, and printing inks that are used in utilities, oil and gas industries, manufacturing industries, hospitals, and other industry verticals. The solvent based coatings market research report is one of a series of new reports from The Business Research Company that provides solvent based coatings market statistics, including solvent based coatings industry global market size, regional shares, competitors with a solvent based coatings market share, detailed solvent based coatings market segments, market trends and opportunities, and any further data you may need to thrive in the solvent based coatings industry. This solvent-based coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global solvent based coatings market size will grow from $38.09 billion in 2022 to $41.81 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global solvent based coatings market size is expected to grow from $58.73 billion in 2027 at a CAGR of 8.9%. Solvent-based coatings are beneficial in humid environments. The time required to dry solvent-based coatings is very short when compared to water-based coatings, which are less efficient in humid environments. Solvent-based coatings are composed of liquefying agents that help speed up the drying process through a chemical reaction with the oxygen available in the environment. This nature of solvent-based coatings makes them easy to apply in a humid environment and at different temperatures. Moreover, many industries prefer solvent-based coatings to avoid chemical reactions owing to their quick-drying nature. For example, companies like Jamestown Coating Technologies produce industrial paints that are solvent-based and more durable when compared to water-based coatings. Thus, the nature of quick-dry in solvent-based coatings benefits their application in humid environments and thereby contributes to the growth of the market. Solvent-based coatings release volatile organic compounds (VOC) into the environment, causing environmental damage and affecting human health. VOCs are carbon compounds that become gas at room temperature and are the main reason for air pollution. Governments across the world are coming up with different regulatory acts to curb the emission of VOCs. For instance, to reduce the emission of VOC, the Hong Kong government has implemented a regulation that restricts products that exceed the standard emission of VOC in the country. Thus, the emission of VOCs into the atmosphere from solvent-based coatings limits the growth of the market. The adoption of PET technology is increasing as it enables the homogenous distribution of mineral particles during painting. It is an acrylic polymer capable of encapsulating mineral pigments in the organic phase, which is a solvent phase. The main performance of the coatings comes from the bulk of the binder composition. However, additional polymer features such as crosslinking, oxidative or UV (Ultra Violet) curing, and specific morphology can boost overall performance, improving the dirt pick-up resistance in most cases. PET technology is being widely adopted by many customers and establishments to improve paint longevity and enhance resistance to climate variations and dirt from manmade and natural sources. Some of the major companies that have adopted this technology are Vermont Photo Inkjet, AkzoNobel N.V., Sherwin-Williams Company, and RPM International Inc. Major players in the solvent based coatings market are BASF, AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, 3M, HB Fuller, Eastman Chemical Company, and Arkema SA. Asia-Pacific was the largest region in the solvent based coatings market in 2022. Western Europe was the second-largest region in the global solvent based coatings market. The regions covered in the global solvent based coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the solvent based coatings market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The solvent-based coatings market consists of the sales of alkyd, polyester high solids, single component epoxy, 2-component urethane & epoxy, fluoropolymer 2-component, and non-isocyanate 2-component acrylic solvent-based coatings. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global solvent based coatings market is segmented - 1) By Type: One Component System Solvent Borne Coating, Two Component System Solvent Borne Coating 2) By Application: Automotive Solvent Borne Coatings, Industrial Solvent Borne Coatings, Printing Inks 3) By Industry Vertical: Utilities, Oil & Gas Industry, Manufacturing Industry, Hospitals, Other Industry Verticals

Solvent-based inks are pigment inks that are mixed with volatile organic compounds (VOCs) such as hydrocarbons, alcohols, ketones, esters, and others that are waterproof and ultraviolet (UV) safe. They are relatively inexpensive and enable printing on flexible, uncoated vinyl substrates, which are used to produce vehicle graphics, billboards, 3D printed objects, banners, and adhesive decals. The main types of solvent-based printing inks are cellulose inks, epoxy inks, vinyl inks, vinyl-acrylic inks, and polyurethane inks. Epoxy inks are thermosetting resins capable of forming tight cross-linked polymer structures characterized by The printing technologies are lithographic, gravure, flexographic, screen-printing, letterpress, digital, and other printing technologies. The applications involved are labels and packaging, commercial printing, publication, and other applications. The solvent-based printing inks market research report is one of a series of new reports from The Business Research Company that provides solvent-based printing inks market statistics, including solvent-based printing inks industry global market size, regional shares, competitors with a solvent-based printing inks market share, detailed solvent-based printing inks market segments, market trends and opportunities, and any further data you may need to thrive in the solvent-based printing inks industry. This solvent-based printing inks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global solvent-based printing inks market size will grow from $9.31 billion in 2022 to $9.54 billion in 2023 at a compound annual growth rate (CAGR) of 2.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The global solvent-based printing inks market size is expected to grow from $10.66 billion in 2027 at a CAGR of 2.8%. 3D technology will be a driver of the solvent-based printing ink market during the forecast period. With a rise in worldwide interest in 3D printing technology from consumers, researchers, and industrial production, there is expected to be a high demand for 3D printing inks such as solvent-based inks. Unlike 2D inks, which are intended for the fabrication of planar surfaces, 3D inks are intended for the fabrication of volumetric constructs and devices. For instance, researchers at Dartmouth College developed a smart ink that turns 3D-printed structures into objects that can change shape and color. The ink aims to add even more functionality to 3D printing. Similarly, scientists at the Georgia Institute of Technology, Atlanta, developed a novel ink that, when combined with a new method of printing and with varying lighting, hardens the 3D printed object. A shortage of raw materials, resulting in their increasing market prices, is expected to negatively affect the solvent-based printing ink market. Printing ink companies globally are suffering from a shortage of raw materials, including resins, monomers, photoinitiators, oligomers, and additives. This is mainly due to raw material plant closures in China, a major source of these raw materials, as the country has placed significant emphasis on improving its environment by cutting industrial pollution. Due to the presence of strong refinery capacity and an associated chemical manufacturing ecosystem, China is dominant in the supply of printing inks. Market players have already started facing challenges due to shortages of raw materials. For instance, in July 2020, Sun Chemical, a global printing ink manufacturer, increased the prices of its solvent-based inks and coatings in North America due to an increase in the price of raw materials. Due to the high demand for alcohol and solvents for use in sanitizers and pharmaceutical initiatives, the prices of these materials have increased substantially and have also affected the manufacturing costs of solvent-based printing ink companies. Therefore, such instances are expected to restrain the market growth of solvent-based printing inks during the period. Solvent-based printing ink companies are introducing thermal inkjet inks to cater to the growing demand. Thermal inkjet printing induces the ejection of the ink droplet by superheating a small portion of solvent-based ink. The advantages of thermal inkjet printing include better performance, lower costs, and ink versatility, especially in photo printing applications. For instance, Collins Inkjet has developed a new solvent-based TIJ ink, Stratus. It has increased dot control, decap time, and optical density. Major players in the solvent-based printing inks market are Tokyo Printing Ink Mfg. Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., Sun Chemical Corporation, Flint Group, Toyo Ink SC Holdings Co. Ltd., Lawter Inc., Yansefu Inks, Coatings Pvt. Ltd., Siegwerk Druckfarben AG & Co. KGaA, and Sakata INX Corporation. Western Europe was the largest region in the solvent-based printing inks market in 2022. Asia Pacific was the second-largest region in the global solvent-based printing inks market. The regions covered in the global solvent-based printing ink market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the solvent-based printing inks market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The solvent-based inks market consists of the sales of hard solvent inks, and eco-solvent inks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global solvent-based printing inks market is segmented - 1) By Type: Cellulose Inks, Epoxy Inks, Vinyl Inks, Vinyl-Acrylic Inks, Polyurethane Inks 2) By Printing Technology: Lithographic, Gravure, Flexographic, Screen-Printing, Letterpress, Digital, Other Printing Technologies 3) By Application: Label & Packaging, Commercial Printing, Publication, Other Applications