Solvent-Based Adhesives Market Size, Share And Growth Analysis For 2024-2033
Solvent-Based Adhesives Global Market 2024 To Reach $18.47 Billion By 2028 At Rate Of 5.3% Market Size, Trends, And Forecast 2024-2033 You Can Now Pre Order Your Report To Get A Swift Deliver With All Your Needs”
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LONDON, GREATER LONDON, UK, September 13, 2024 /EINPresswire.com/ -- The solvent-based adhesives market has experienced robust growth in recent years, expanding 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.
Strong Future Growth Anticipated
The solvent-based adhesives market is projected to continue its strong growth, reaching $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.
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Growth Driver Of The Solvent-Based Adhesives MarketThe increasing construction industry is expected to propel the growth of the solvent based adhesives market going forward. Construction refers to the process of planning, designing, assembling, and building physical structures, facilities, or infrastructure. In the construction industry, solvent-based adhesives are used to provide strong and durable bonds, high initial tack, versatility, temperature, water, and chemical resistance.
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Major Players AndMarket TrendsKey players in the solvent-based adhesives market include 3M Company, Alfa International Corporation, Arkema Group, Ashland Inc., Avery Dennison Corporation, Everad Adhesives SAS.Major companies operating in the solvent-based adhesives market are focusing on innovative products such as pearl bond adhesive to drive revenues in the market. Pearl Bond adhesive is a range of crystalline thermoplastic polyurethane (TPU) adhesives that is intended for the manufacturing of reactive hot melt adhesives (HMAs) and hot melt adhesives (HMAs).
Segments:1) By Type: PolyurethanePU, Styrenic Block, Ethyl VinlyAcetateEVA2) By End User Industry: Paper and Packaging, Building and Construction, Woodworking, Automotive and Transportation, Other End Use Industries3) By Distribution Channel: Direct Sales, Distributor
Geographical Insights: Asia-Pacific Leading TheMarketAsia-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.
Solvent-Based Adhesives Market DefinitionThe 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.
Solvent-Based Adhesives Global Market Report 2024 from The Business Research Company covers the following information:• Market size data for the forecast period: Historical and Future• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.The Solvent-Based Adhesives Global Market Report 2024by The Business Research Company is the most comprehensive report that provides insights on solvent-based adhesives market size, solvent-based adhesives market driversand trends, solvent-based adhesives market major players, solvent-based adhesives competitors' revenues, solvent-based adhesives market positioning, and solvent-based adhesives market growth across geographies. The solvent-based adhesives market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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