Market Size of Solvent-borne Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Solvent-borne Adhesives Market Analysis
The market for solvent-borne adhesives is expected to witness a CAGR of more than 5% during the forecast period. One of the major factors driving the market studied is the increasing demand from the automotive and footwear industry. Stringent environmental regulations regarding VOC emissions is expected to hinder the growth of the market studied.
- Building and construction sector dominated the market and is expected to grow during the forecast period.
- Recovering European construction sector is likely to act as an opportunity in the future.
- Asia-Pacific dominated the market across the world with the largest consumption from countries, such as China and India.
Solvent-borne Adhesives Industry Segmentation
The solvent-borne adhesives market report includes:
Resin Type | |
Chloroprene Rubber | |
Poly Acrylate (PA) | |
SBC Resin Adhesives | |
Other Resin Types |
End-user Industry | |
Building and Construction | |
Paper, Board, and Packaging | |
Woodworking and Joinery | |
Transportation | |
Footwear | |
Electrical and Electronics | |
Other End-user Industries |
Geography | |||||||
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Solvent-borne Adhesives Market Size Summary
The solvent-borne adhesives market is poised for significant growth, driven primarily by increasing demand from the automotive and footwear industries. These adhesives are crucial in the production of flexible joints and bonding applications, offering rapid bonding processes and excellent properties such as bond strength and resistance to environmental conditions. The footwear industry, in particular, benefits from these adhesives due to the rising global demand for comfort and new lifestyle trends. This demand is especially pronounced in the Asia-Pacific region and European countries like Italy, where the footwear sector is experiencing a boom. However, the market's growth is somewhat tempered by stringent environmental regulations concerning VOC emissions, which pose challenges to the industry's expansion.
The building and construction sector remains a dominant force in the solvent-borne adhesives market, with the recovering European construction sector presenting future opportunities. Asia-Pacific leads in market consumption, with China and India at the forefront. In Europe, Germany's robust automotive industry and growing electronics and telecommunications sectors contribute to the demand for solvent-borne adhesives, used extensively in car manufacturing and consumer electronics. The market is characterized by a degree of consolidation, with major players like Sika AG, Arkema Group, H.B. Fuller Co., Henkel AG & Co. KGaA, and Jowat AG holding significant market shares. As the construction and real estate markets continue to expand, the demand for solvent-borne adhesives is expected to rise, further bolstering the market's growth trajectory.
Solvent-borne Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Applications in Automotive and Footwear Industries
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Stringent Environmental Regulations Regarding VOC Emissions
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Resin Type
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2.1.1 Chloroprene Rubber
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2.1.2 Poly Acrylate (PA)
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2.1.3 SBC Resin Adhesives
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2.1.4 Other Resin Types
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2.2 End-user Industry
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2.2.1 Building and Construction
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2.2.2 Paper, Board, and Packaging
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2.2.3 Woodworking and Joinery
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2.2.4 Transportation
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2.2.5 Footwear
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2.2.6 Electrical and Electronics
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2.2.7 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East & Africa
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Solvent-borne Adhesives Market Size FAQs
What is the current Solvent-borne Adhesives Market size?
The Solvent-borne Adhesives Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Solvent-borne Adhesives Market?
Sika AG, Arkema Group, H.B. Fuller Co., Henkel AG & Co. KGaA and Jowat AG are the major companies operating in the Solvent-borne Adhesives Market.