Solvent-based Adhesives Market by Type (Polyurethane, Acrylic, Polyamide, Vinyl Acetate, Others) and Application (Paper & Packaging, Building & Construction, Automotive, Aerospace, Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026701 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 8 billion mark in 2022 and is expected to hit US$ 10 billion by 2030, recording a CAGR of 2.5% during the forecast period.

Rising demand for medical devices

The COVID-19 pandemic has driven the healthcare and medical devices sectors globally. Medical devices such as ventilators, pulse oximeters, oxygen concentrators/generators, syringe pumps, are being used in large numbers. This has increased the use of solvent-based adhesives in the medical industry. The continuous increase in expenditure on healthcare globally has enhanced the sales of medical devices, thereby driving the growth of medical device companies. Thus, the growth of the medical industry is expected to drive the market for solvent-based adhesives in the forecast period.

Within the report, the market is segmented into type, application, and geography. By type, the market is segmented into polyurethane, acrylic, polyamide, vinyl acetate, and others. By application, the market is divided into paper & packaging, building & construction, automotive, aerospace, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Growth in the packaging industry

Food packaging is a growing sector across the globe because of high market penetration and steady economic growth. The increasing industrial and bulk packaging solutions are also boosting the solvent-based adhesive demand in the packaging industry. The changes in consumer demographics, especially in aging, infant, and female population, have increased the demand for nonwoven textile products such as baby diapers, sanitary pads, and adult diapers. Global players in this market are focusing on expansion and investment strategies to expand their presence in these countries. These are the factors responsible for increasing the demand for solvent-based adhesives in the packaging industry.

Increasing demand for Polyurethane

Polyurethane provides better tint-ability, adhesion, and abrasion resistance. Polyurethane is used in the manufacturing and installation of air conditioning in HVAC systems, to reduce vibration and provide sealing in metal sheet joints. polyurethane adhesives are used in the manufacturing of vehicles, in the repair of auto glass, sealing of metal structures such as containers and trucks in the automotive industry. Thus, the demand for polyurethane is increasing and is further expected to propel the market growth.

Recent strategic developments in the solvent-based adhesives Market

The solvent-based adhesives market has undergone several significant developments, and a few of these have been mentioned below:

  • In May 2021, Henkel invested in an innovation center in Shanghai, China. The expansion aims at strengthening the position in APAC market.
  • In December 2020, Avery Dennison acquired an Ohio-based manufacturer of self-wound (liner less) pressure-sensitive over laminate products, APCO Ltd. to expand its portfolio in North America.

The solvent-based adhesives market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Henkel AG, H.B. Fuller, Sika AG, Arkema, 3M Company are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Solvent-based Adhesives manufacturer
  • Construction related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
  • Polyurethane
  • Acrylic
  • Polyamide
  • Vinyl Acetate
  • Others
  • Application
  • Paper & Packaging
  • Building & Construction
  • Automotive
  • Aerospace
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Henkel AG
  • H.B. Fuller
  • Sika AG
  • Arkema
  • 3M Company

The List of Companies
- Henkel AG
- H.B. Fuller
- Sika AG
- Arkema
- 3M Company

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