Global Solvent-based Adhesives Markets, 2015-2030 - Rising Demand for Lightweight Automobiles is a Key Driver

DUBLIN, March 23, 2020 /PRNewswire/ -- The "Solvent-Based Adhesives Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.

The global solvent-based adhesives market was worth $10.4 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 6.3% and reach $13.4 billion by 2023. The solvent-based adhesives market in Asia-Pacific is forecasted to register the highest CAGR during 2018-2023.

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider solvent-based adhesives market, and compares it with other markets.

Solvent-based adhesives market is expected to benefit from growth in the automobile manufacturing industry during the forecast period. There is a drive for production of lightweight automobiles which is leading to an increase in demand for adhesives and sealants. These adhesives and sealants are used in place of welded joints, mechanical fasteners and gaskets and help reduce the weight of the automobile. Thus, rising demand for lightweight automobiles is expected to increase the demand for solvent-based adhesives during the forecast period.

Stringent safety regulations associated with manufacturing and transportation of adhesive chemicals is acting as a restraint on the market. Adhesives are highly inflammable, toxic and hazardous when exposed to extreme temperatures and pressures. Companies in this industry are required to invest in equipment, technologies and processes to limit toxic levels and chemical contamination. These regulations increase operating costs for companies, thus limiting investments for business growth.

Companies in the solvent-based adhesives market are adopting IoT (Internet of Things) technologies to connect equipment, 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.

In October 2017, H.B. Fuller, a USA based adhesive manufacturing company acquired Royal Adhesives & Sealants for $1.575 Billion. With this acquisition, H.B. Fuller has acquired various adhesive products such as solvent-based, water-based, urethane and thermosetting epoxy technologies that are used for specialized applications. Royal Adhesives & Sealants was a USA based company specialized in adhesives and sealants.

Major players in the market are 3M, Alfa International Corporation, Arkema Group (Bostik SA), Ashland Inc., Avery Dennison Corp., Everad Adhesives SAS, DowDuPont, H.B. Fuller Company, Henkel AG & Co. KGaA, and Huntsman Corp.

Key Topics Covered

1. Executive Summary

2. Solvent-Based Adhesives Market Characteristics

3. Solvent-Based Adhesives Market Size And Growth
3.1. Global Solvent-Based Adhesives Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Solvent-Based Adhesives Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market

4. Solvent-Based Adhesives Market Segmentation
4.1. Global Solvent-Based Adhesives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

• PolyurethanePU
• Styrenic Block
• Ethyl Vinly AcetateEVA

4.2. Global Solvent-Based Adhesives Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

• Paper and Packaging
• Building and Construction
• Woodworking
• Automotive and Transportation
• Others

5. Solvent-Based Adhesives Market Regional And Country Analysis
5.1. Global Solvent-Based Adhesives Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Solvent-Based Adhesives Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Companies Mentioned

• 3M
• AkzoNobel
• Alfa International Corporation
• Arkema Group (Bostik S.A.)
• Ashland Inc.
• Avery Dennison Corp.
• Bostik
• COIM Group
• Delo Industrie Klebstoffe
• DowDuPont
• Dymax
• Everad Adhesives SAS
• Flint Group
• Franklin International
• H.B. Fuller Company
• Henkel AG & Co. KGaA
• Huntsman Corp.
• Illinois Tool Works
• Jowat AG
• KCC
• LORD Corp.
• MAPEI
• Permabond
• RPM International
• Sika AG

For more information about this report visit https://www.researchandmarkets.com/r/y8dg1n

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