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Solvent-borne Adhesives Market - Growth, Trends, and Forecast (2020 - 2025)
The market is segmented by 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), and Geography (Asia-Pacific, North America, Europe, South America and Middle East & Africa).
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2025
Base Year:
2019
Fastest Growing Market:
Asia Pacific
Largest Market:
Asia Pacific
CAGR:
5 %
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Market Overview
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.
Scope of the Report
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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Key Market Trends
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.
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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.
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Competitive Landscape
The global solvent-borne adhesives market is partly consolidated with the top five players 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.
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Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Applications in Automotive and Footwear Industries
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Stringent Environmental Regulations Regarding VOC Emissions
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Resin Type
5.1.1 Chloroprene Rubber
5.1.2 Poly Acrylate (PA)
5.1.3 SBC Resin Adhesives
5.1.4 Other Resin Types
5.2 End-user Industry
5.2.1 Building and Construction
5.2.2 Paper, Board, and Packaging
5.2.3 Woodworking and Joinery
5.2.4 Transportation
5.2.5 Footwear
5.2.6 Electrical and Electronics
5.2.7 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 Alfa International Corporation
6.4.3 Arkema Group (Bostik SA)
6.4.4 Ashland Inc.
6.4.5 Avery Dennison Corp.
6.4.6 Benson Polymers Ltd
6.4.7 Everad Adhesives SAS
6.4.8 Dow
6.4.9 H.B. Fuller Company
6.4.10 Henkel AG & Co. KGaA
6.4.11 Huntsman Corp.
6.4.12 Jowat AG
6.4.13 LORD Corp.
6.4.14 Sika AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Recovering European Construction Sector
*List Not Exhaustive
** Subject to Availability
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