Solvent Based Adhesives Market Size, Share, Trends, Growth and Forecast 2032

Solvent-Based Adhesives Market Insights

According to Market Research Store study, the global Solvent-Based Adhesives Market size is anticipated to reach USD 10.85 Billion by 2032 from USD 7.43 Billion in 2023. Moreover, the global market is expected to witness a CAGR of 4.3% during the forecast period (2024-2032). The market research report encompasses market overview, growth factors, restraints, opportunities, segmentation, key developments, competitive landscape, consumer insights, and market growth forecast in terms of value or volume. These structured details offer an all-inclusive market overview, providing valuable insights for investment decisions, business decisions, strategic planning, and competitive analysis.

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Global Solvent Based Adhesives Market: Overview

The solvent-based adhesive is a glue available in the form of liquid. These adhesives are found in industrial settings, consumer glues, and others. These solutions contain an adhesive inside the malleable substances which are easy to apply.

It permits users the convenience while applying the adhesives and also achieving better application even in those areas that are difficult to cover with solid glue. The solid-based adhesives are prepared by blending adhesive materials with a suitable solvent to produce an efficient adhesive polymer solution. The performance is largely evaluated by the type of polymers present in the formulation. These adhesives are also called bonding or binding agents, which are dispersed in an organic solvent.

Global Solvent Based Adhesives Market: Growth Factors

One of the major factors driving the growth of the global solvent-based adhesives market is the rapidly widening scope of solvent-based adhesives owing to their strength. They facilitate superior appeal and shear strength. Furthermore, the growing automobile and construction applications in several regions all across the globe are boosting the requirement for solvent-based adhesives significantly. The outbreak of the Covid-19 pandemic all across the globe has given ample thrust to the growth of medical devices and healthcare sector. There is immense need for medical devices including syringe pumps, oxygen concentrators, pulse oximeters, and ventilators. All these scenarios are likely to significantly promulgate the growth of the global market during the forecast period.

There is a constant increase in the geriatric population due to the increased life expectancy, which in turn will complement the growth of the market. Moreover, the continuous boost in the expenditure on healthcare facilities all around the globe has maximized the sales of a different range of medical devices. The growing need for advanced food packaging in developed and developing regions will further boost the growth of the global solvent-based adhesives market. The surging preferences of people towards convenience and packaged food are transforming the packaging industry. Furthermore, the growing adoption of online food delivery systems will also boost the demand for solvent-based adhesives globally.

Global Solvent Based Adhesives Market: Segmentation

The global solvent-based adhesives market can be segmented into end-user, chemistry, and region.

By End-user, the market can be segmented into leather & footwear, medical, aerospace, automotive, woodworking, building & construction, paper & packaging, and others. The paper & packaging system holds the largest share in the global solvent-based adhesives market due to the growing inclination of people towards urban lifestyles. The emergence of the e-commerce sector will fuel the growth of the segment vigorously.

By Chemistry, the market can be segmented into nitrile rubber, natural rubber, synthesized rubber, PVC copolymers, chloroprene rubber, vinyl acetate, polyamide acrylic, polyurethane, and others. The polyurethane segment accounts for the largest share in the global solvent-based adhesives market as it facilitates abrasion resistance, adhesion, and a better tint ability. Moreover, these adhesives are widely utilized in the manufacturing of vehicles, trucks, & containers.

Solvent-Based Adhesives Market: Report Scope

Global Solvent Based Adhesives Market: Regional analysis

Asia Pacific accounts for the largest share in the global solvent-based adhesives market due to the growing domestic demand along with the easy availability of resources. Moreover, the growing disposable income of the people in the region will also escalate the growth of the regional market. The rapidly proliferating automotive sector in the region is likely to further promulgate the growth of the regional market in the forthcoming years.

Global Solvent Based Adhesives Market: Competitive Players

Some of the significant players in the global solvent-based adhesives market are:

• Morchem
• COIM Group
• Ashland Inc.
• Arkema Group
• Flint Group
• The Dow Chemical Company
• 3M
• H.B. Fuller
• Henkel AG & Co. KGaA
• Franklin International
• Delo Industrie Klebstoffe
• Dymax
• Permabond
• Akzo Nobel
• MAPEI
• Illinois Tool Works
• RPM International
• KCC
• Sika AG
• LORD Corp.
• Jowat AG
• Huntsman Corp.
• Everad Adhesives SAS
• Avery Dennison Corp.
• Alfa International Corporation.

The global Solvent Based Adhesives Market is segmented as follows:  

By End-User 

• leather & footwear 
• medical 
• aerospace 
• automotive 
• woodworking 
• building & construction 
• paper & packaging, and others 

By Chemistry 

• nitrile rubber
• natural rubber
• synthesized rubber
• PVC copolymers
• chloroprene rubber
• vinyl acetate
• polyamide acrylic
• polyurethane, and others

Global Solvent Based Adhesives Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.

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