Solvent-borne Adhesives Market Size
| 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 |
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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 Market Trends
This section covers the major market trends shaping the Solvent-borne Adhesives Market according to our research experts:
Increasing Demand from Footwear Industry
- The footwear industry makes extensive use of solvent-borne adhesives to produce flexible joints, insole bonding, edge folding, etc. Solvent-borne adhesives facilitate rapid bonding processes and are used for a wide range of assembly operations.
- Solvent-borne adhesives are used in the application of sport shoes and leather shoes. They are used for bonding the flat soles of running shoes, edge folding, and shoes’ upper bonding, among others.
- The ease with which it can be applied makes solvent-borne adhesive extremely attractive to footwear manufacturers. Moreover, properties, like excellent bond strength, resistance to temperature and weather conditions provided by this adhesive, are important requirements for the footwear segment.
- A growing demand for more comfort, new models, and lifestyle trends are spurring the demand for footwear, globally. Adhesives with good strength and other physical properties, like water resistance, have become indispensable to the footwear industry. The applications are spurring the demand for solvent-borne adhesives in this market segment.
- The footwear sector is booming in regions, like Asia-Pacific, and European countries, like Italy, which has subsequently increased the demand for solvent-borne adhesives. Thus, with the increasing global demand for footwear, the demand for solvent-borne adhesives is expected to grow during the forecast period.
In Europe Region, Germany Country to Dominate the Market
- In Europe, Germany represents the largest economy and is the fifth largest economy in the world, in terms of GDP.
- The German automotive industry had recorded a turnover of over EUR 400 billion, which is about 20% of the total German industry revenue.
- In Europe, Germany accounted for ~30% of the total passenger cars manufacturing and 20% of all new car registrations.
- The various applications of solvent-borne adhesives in the manufacturing of car seats, fixing cables in the roof liner, to bond door sill protectors, anchor plates, emblems, and other plastic parts, are expected to create the demand for solvent-borne adhesives with the simultaneous growth of the automotive industry.
- Moreover, the electronics & telecommunications sector is also growing, with the increase in the use of IT services in almost all industries throughout the country.The market for various electronics, like laptops and computers, has been experiencing a boom.
- With an increase in use of consumer electronics, the demand for solvent-borne adhesives, which are used for coating and bonding requirements, is expected to rise gradually in the country.
- Hence, with the booming housing market and real estate demand, the construction & building industry is expected to grow rapidly, in turn, increasing the market for solvent-borne adhesives in the country.
Solvent-borne Adhesives Industry Overview
The global solvent-borneadhesives market is partly consolidated with the top fiveplayers accounting for a major chunk of the market. Major recognized players include Sika AG, Arkema Group, H.B. Fuller Co., Henkel AG & Co.KGaA, and Jowat AG, among others.
Solvent-borne Adhesives Market Leaders
Sika AG
Arkema Group
H.B. Fuller Co.
Henkel AG & Co. KGaA
Jowat AG
*Disclaimer: Major Players sorted in no particular order
Solvent-borne Adhesives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Applications in Automotive and Footwear Industries
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Stringent Environmental Regulations Regarding VOC Emissions
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4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Resin Type
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5.1.1 Chloroprene Rubber
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5.1.2 Poly Acrylate (PA)
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5.1.3 SBC Resin Adhesives
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5.1.4 Other Resin Types
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5.2 End-user Industry
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5.2.1 Building and Construction
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5.2.2 Paper, Board, and Packaging
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5.2.3 Woodworking and Joinery
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5.2.4 Transportation
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5.2.5 Footwear
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5.2.6 Electrical and Electronics
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5.2.7 Other End-user Industries
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East & Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 3M
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6.4.2 Alfa International Corporation
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6.4.3 Arkema Group (Bostik SA)
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6.4.4 Ashland Inc.
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6.4.5 Avery Dennison Corp.
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6.4.6 Benson Polymers Ltd
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6.4.7 Everad Adhesives SAS
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6.4.8 Dow
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6.4.9 H.B. Fuller Company
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6.4.10 Henkel AG & Co. KGaA
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6.4.11 Huntsman Corp.
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6.4.12 Jowat AG
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6.4.13 LORD Corp.
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6.4.14 Sika AG
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Recovering European Construction Sector
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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 Research 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.
Which is the fastest growing region in Solvent-borne Adhesives Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Solvent-borne Adhesives Market?
In 2024, the Asia Pacific accounts for the largest market share in Solvent-borne Adhesives Market.
What years does this Solvent-borne Adhesives Market cover?
The report covers the Solvent-borne Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Solvent-borne Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Solvent-borne Adhesives Industry Report
Statistics for the 2024 Solvent-borne Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Solvent-borne Adhesives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
