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The solvent-based adhesives market has experienced robust growth, escalating from $14.24 billion in 2023 to a projected $15.04 billion in 2024, reflecting a compound annual growth rate (CAGR) of 5.6%. As we look ahead, the market is poised for continued expansion, anticipating a robust growth to $18.47 billion by 2028, driven by various factors such as the rising construction industry, innovative product formulations, and strategic acquisitions.

Rising Construction Industry Set To Drive Growth In The Solvent-Based Adhesives Market

• Construction Industry’s Role: The solvent-based adhesives market is set to flourish with the increasing demand from the construction sector.
• Usage in Construction: Solvent-based adhesives are vital for providing strong and durable bonds in construction, offering high initial tack, versatility, and resistance to temperature, water, and chemicals.
• Global Construction Output: The global construction output is projected to increase by 42%, reaching $15.2 trillion by 2030, according to Oxford Economics.
• Market Influence: The flourishing construction industry becomes a driving force for the growth of the solvent-based adhesives market.

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Increasing Focus On Product Innovations To Provide Reliable Services To Their Customers

• Innovative Products: Major companies in the solvent-based adhesives market are concentrating on product innovations to enhance their market position.
• Pearl Bond Adhesive: Pearl Polyurethane Systems LLC introduced the Pearl Bond adhesive, a range of crystalline thermoplastic polyurethane (TPU) adhesives.
• Applications: The adhesive finds applications in footwear uppers, vehicle interior trim, and other textile substrates, offering resistance to microbial attacks and long-lasting durability.
• Cost-Effective Formulation: Pearl Bond adhesive provides a cost-effective formulation delivering exceptional bonding solutions for hot melt adhesives.

Celanese Corporation Acquired Dupont De Nemours Inc.

• Strategic Acquisition: In February 2022, Celanese Corporation acquired DuPont de Nemours Inc. for $11 billion.
• Expanded Portfolio: The acquisition significantly expanded Celanese’s engineered materials (EM) product portfolio, introducing new polymers, well-known brands, and advanced product technology.
• Strategic Impacts: The move is expected to boost free cash flow and quick deleveraging, positioning Celanese as a major player in the solvent-based adhesives market.
• DuPont’s Role: DuPont de Nemours Inc., a major player in the chemical industry, plays a key role in the production of solvent-based adhesives.

Market Segmentation: Types, End-User Industries, and Distribution Channels

• Types: Solvent-based adhesives are categorized into Polyurethane (PU), Styrenic Block, and Ethyl Vinyl Acetate (EVA), catering to diverse applications.
• End-User Industries: The market serves various sectors, including Paper and Packaging, Building and Construction, Woodworking, Automotive and Transportation, and Other End-Use Industries.
• Distribution Channels: Solvent-based adhesives reach consumers through both Direct Sales and Distributor channels, ensuring widespread accessibility.

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The Solvent-Based Adhesives Global Market Report 2024 provides an overviewof the solvent-based adhesives market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The solvent-based adhesives market forecast analyzessolvent-based adhesivesmarket size, solvent-based adhesives market share,leading competitor and their market positions.

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