The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growth in the automobile manufacturing industry during the forecast period are expected to drive innovation in solvent-based adhesives manufacturing, thus driving the market during the forecast period.

The global solvent-based adhesives market is expected to grow from $13.48 billion in 2022 to $14.19 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The global solvent-based adhesives market size is expected to grow from $17.23 billion in 2027 at a CAGR of 5.0%.

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Global Solvent-Based Adhesives Market Segments Include:

• By Type: PolyurethanePU, Styrenic Block, Ethyl Vinly AcetateEVA
• By End User Industry: Paper and Packaging, Building and Construction, Woodworking, Automotive and Transportation, Other End Use Industries
• By Distribution Channel: Direct Sales, Distributor
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global solvent-based adhesives market in 2021.

Major Market Players in the solvent-based adhesives market include 3M, Alfa International Corporation, Arkema Group (Bostik SA), Ashland Inc., Avery Dennison Corp., Everad Adhesives SAS.

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.

The Solvent-Based Adhesives Global Market Report 2023 provides a solvent-based adhesives market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The solvent-based adhesives market forecast analyzes solvent-based adhesives market size, solvent-based adhesives market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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.

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