Solvent Borne Adhesives Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMCH177 | Last Updated On: Jun 03 2022 | Available Formats

> Global Solvent Borne Adhesives Market Expected to reach a high CAGR of 6.0% during the forecast period 2022-2029: DataM Intelligence

Global Solvent Borne Adhesives Market is segmented By Resin Type (Poly Acrylate, SBC Resin Adhesives, Chloroprene Rubber, and Others), By End-User Industry (Building and Construction, Electrical & Electronics, Footwear, PaperBoard & Packaging, Transportation, Woodworking & Joinery and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Solvent Borne Adhesives Market is expected to grow at a CAGR of 6.0% during the forecasting period (2022-2029).

  • The global Solvent Borne Adhesive market is driven by several factors, such as growing solvent-borne adhesives need in the automotive and footwear industries. However, some stringent environmental regulations VOC emissions-related concerns are hindering the growth of the market.
  • The consumption of solvent-borne adhesives is declining in developed countries primarily because of VOC emission regulations. As the government regulations to reduce VOC emissions have become more and more stringent, film laminating converters are faced with several choices that enable them to comply with the new laws.
  • Polyurethane dispersions and acrylic emulsions are very viable alternatives to solvent-based products. Due to government regulations regarding VOC emissions and environmental impact, automotive manufacturers are shifting from solvent-based adhesives to water-based adhesives.

Market Dynamics

  • In the period 2007-2012, the total VOC emissions had a downward trend which is caused by the application of products with a lower content of VOC in solvent-borne adhesives. As a concern, the legislative regulation has limited the content of solvents in the products supplied to the market.
  • Although the Consumption of solvent-based adhesives is continuing to decline in North America, Western Europe, and Japan, the market is growing steadily in Asia- Pacific. Asia-Pacific is the largest solvent-borne adhesives market due to increasing demand from the end-user industries such as medical, automotive, and manufacturing.
  • In the Asia-Pacific region, China, Japan, and India are leading the high-performance adhesives market.
  • The global solvent-borne adhesives market is segmented based on a type of Resin such as Chloroprene Rubber, SBC Resin Adhesives, Poly Acrylate (PA), and Others.
  • Based on the end-user industry, the market is segmented into Transportation, Electrical & Electronics, Building and Construction, Footwear, Paper, Board & Packaging, Woodworking & Joinery, and Others.
  • Geographically, the market is segmented into North America, South America, Europe, Asia Pacific, and RoW.
  • The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
  • The report profiles the following companies, which includes 3M, AdCo UK Limited, Alfa International Corporation, Ashland Inc., Benson Polymers Ltd., Collano Adhesives AG, Dow Chemical Company, Franklin International, H.B. Fuller Company, Henkel AG & Co., KGaA, Huntsman Corp., LORD Corp., Royal Adhesives & Sealants, RPM International and Sika AG.

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