Solventless Adhesives Market: Competitive Analysis, Market Trends and Forecast to 2031

Executive Summary

The global Solventless Adhesives Market research report presents a comprehensive analysis of the current market conditions, trends, and geographical spread in North America (NA), Asia-Pacific (APAC), Europe, USA, and China. The Solventless Adhesives Market is expected to grow at a CAGR of % during the forecasted period.

The report provides an executive summary highlighting key insights into the Solventless Adhesives Market, including market size, growth potential, key players, and competitive landscape. The market is experiencing significant growth due to increasing demand for sustainable and eco-friendly adhesive solutions in various industries such as packaging, automotive, construction, and textiles.

Market trends in the Solventless Adhesives Market include the growing demand for green adhesives, advancements in technology leading to the development of innovative products, and increasing awareness about the environmental impact of solvent-based adhesives. Additionally, stringent regulations regarding VOC emissions are driving the adoption of solventless adhesives in various applications.

Geographically, North America and Europe are leading markets for Solventless Adhesives due to the presence of established industries and stringent environmental regulations. The Asia-Pacific region, particularly China, is witnessing rapid growth in the market due to industrialization, urbanization, and increasing investments in infrastructure development.

Overall, the Solventless Adhesives Market is poised for significant growth in the coming years, driven by increasing demand for sustainable adhesive solutions and regulatory support for environmentally friendly products. The market is expected to continue expanding, with key players focusing on research and development to meet the evolving needs of industries worldwide.

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Market Segmentation:

This Solventless Adhesives Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, Solventless Adhesives Market is segmented into:

• Dow
• Bostik
• Henkel Magyarország Kft
• Songwon
• Cytech Group
• DIC India
• Rhodaminepack
• Morchem
• Toyo Ink
• Chemqiue Adhesives
• Coim Group
• HB Fuller
• IVP
• Twin Engineers
• Vea srl
• Worthen Industries
• Nanpao Resins Chemical Group
• Kangda New Materials

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The Solventless Adhesives Market Analysis by types is segmented into:

• General Performance
• Medium Performance
• High Performance

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The Solventless Adhesives Market Industry Research by Application is segmented into:

• Food Packaging
• Medical Supplies
• Others

In terms of Region, the Solventless Adhesives Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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Key Drivers and Barriers in the Solventless Adhesives Market

Key drivers in the Solventless Adhesives market include increasing demand for eco-friendly products, growing awareness about the harmful effects of solvent-based adhesives, and stringent government regulations promoting sustainable practices. Barriers to market growth may include high initial investment costs, limited availability of raw materials, and concerns about the bonding strength of solventless adhesives compared to solvent-based alternatives.

Challenges faced in the Solventless Adhesives market include the need for continuous innovation to improve adhesive performance, the development of new application techniques to meet diverse industry requirements, and competition from traditional solvent-based adhesives that may still offer cost advantages. Additionally, educating and convincing consumers about the benefits of solventless adhesives and overcoming resistance to change in established manufacturing processes can also be significant challenges in the market.

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Competitive Landscape

Henkel Magyarország Kft, a subsidiary of the global adhesive giant Henkel, has a strong presence in the solventless adhesives market. With a history dating back to 1876, Henkel Magyarország Kft has been a trusted name in the adhesives industry. The company has seen significant market growth in recent years, with a focus on innovation and sustainability.

Another key player in the solventless adhesives market is Dow, a multinational chemical company with a long history of providing innovative solutions in various industries. Dow's focus on research and development has helped them stay at the forefront of the market, with a strong emphasis on customer needs and environmental sustainability.

Bostik, part of the Arkema Group, is also a major player in the solventless adhesives market. With a history dating back to the 19th century, Bostik has established itself as a leading provider of adhesive solutions globally. The company's commitment to quality and customer service has contributed to its market growth and success.

In terms of sales revenue, companies like Henkel, Dow, and Bostik have reported significant financial performance in recent years. Henkel's adhesive technologies business reported sales of over €9 billion in 2020. Dow reported sales of $46 billion in 2020, with a strong performance in its industrial solutions segment. Bostik, on the other hand, reported sales of over €2 billion in 2020, showcasing its strong position in the adhesive market.

Overall, these companies have demonstrated their leadership in the solventless adhesives market through their history, market growth, and financial performance. Their commitment to innovation, sustainability, and customer satisfaction has fueled their success in the industry.

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