Global Contact Adhesives Market, By Resin Type (Neoprene, Polyurethane, Acrylic, Styrene Butadiene Copolymer (SBC) and Others), Technology (Solvent-Based, Water-Based and Others), Application (Woodworking, Leather and Footwear, Automotive, Construction and Packaging), Raw Material (Polychloroprene, Polyurethane, Acrylic Polymers, Styrene Butadiene Rubber, Butyl Rubber, and Natural Rubber), Mode of Application (Spraying, Curtain Coating, Roller Coating, and Brushing), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Contact Adhesives Market
Data Bridge Market Research analyses that the contact adhesives market will witness a CAGR of 5.90% for the forecast period of 2022-2029. Growth in the contact adhesives especially in the developing economies such as India and China, growing use of contact adhesives for a wide range of end user applications such as woodworking, automotive, construction, and other applications, increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the contact adhesives market.
From the name itself, it is clear that contact adhesives are the substances that are used to join together the two surfaces or substances. Both the surfaces are well coated with contact adhesives and pressure is applied, resulting to high initial strength. Contact adhesives offer endurable properties against moisture, temperature, and vibrations.
Rise in demand for contact adhesives by the materials and packaging industry in developed and developing economies is the root cause fuelling up the market growth rate. Rising application areas for contact adhesives such as in leather and footwear especially in the developing economies and growth and expansion of various end user verticals especially in the developing economies will also directly and positively impact the growth rate of the market. Rising urbanization/ modernization/ remodelling/ renovation activities, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, rising import and export by the emerging economies and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High cost associated with research and development proficiencies, rising usage of steel and metal in manufacturing furniture, unfavourable market conditions arising as a result of coronavirus outbreak, and strict global trade restrictions will dampen the market growth rate. Stringent environmental rules and regulations for VOC emission will also create difficulties for the market.
This contact adhesives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on contact adhesives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Contact Adhesives Market Scope and Market Size
The contact adhesives market is segmented on the basis of resin type, technology, application, raw material and mode of application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of resin type, the contact adhesives market is segmented into neoprene, polyurethane, acrylic, styrene butadiene copolymer (SBC) and others.
- Based on technology, the contact adhesives market is segmented into solvent-based, water-based and others.
- Contact adhesives market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for contact adhesives market is segmented into woodworking, leather and footwear, automotive, construction, and packaging
- Based on raw material, the contact adhesives market is segmented into polychloroprene, polyurethane, acrylic polymers, styrene butadiene rubber, butyl rubber, and natural rubber.
- Based on mode of application, the contact adhesives market is segmented into spraying, curtain coating, roller coating, and brushing.
Contact Adhesives Market Country Level Analysis
The contact adhesives market is analysed and market size, volume information is provided by country, resin type, technology, application, raw material and mode of application as referenced above.
The countries covered in the contact adhesives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the contact adhesives market owing to the rise in number of vehicles and expansion of the automotive industry in the region, increase in the research and development activities, favourable investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, abundant availability of raw materials and rising building and construction activities.
The country section of the contact adhesives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Contact Adhesives Market Share Analysis
The contact adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to contact adhesives market.
Some of the major players operating in the contact adhesives market report are 3M, Bostik, Sika AG, Henkel Adhesives Technologies India Private Limited, H.B. Fuller Company, Illinois Tool Works Inc., Huntsman International LLC, Pidilite Industries Ltd, Jubilant Industries Ltd, Scigrip, Parson Adhesives, Inc., Royal Adhesives & Sealants LLC, Lord Corporation, Ashland, Permabond LLC., Hernon Manufacturing, Inc., Master Bond Inc., Delo Industrial Adhesives, LLC, Scott Bader Company Ltd., Dymax Corporation, Loxeal S.r.l., Mapei S.p.A, Uniseal Inc., and Hexcel Corporation among others.
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