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2021
Contact Adhesive Market

Contact Adhesive Market by Type (Neoprene, Polyurethane, Acrylic, SBC and Others), Technology (Solvent-based and Water-based), Application (Woodworking, Automotive, Construction, Leather & Footwear, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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COVID-19

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    An adhesive is a material used to connect two surfaces. Contact adhesives are used for high-strength bonding of various materials. Semi-structural adhesive is another name for the same. Both substrates to be connected have their surfaces equally covered with contact adhesives. Once the glue has dried due to solvent evaporation, modest pressure is applied, resulting in a high initial strength. The adhesives dry quickly and the linked surfaces are extremely difficult to separate. As a result, correct surface arrangement of the materials prior to application of the adhesives is necessary. The adhesives can survive rapid temperature change, moisture and the vibration fluctuations. Contact adhesives can be used to bind materials such as wood, paper and board, metal, glass, plastic, leather, ceramic, and fabric. These adhesives are preferred for large surface-area items and spraying is the most commonly used method of applying adhesives. Flat sheets are coated with roller and curtains coatings. The contact adhesives market can be divided into many end-use industries including automotive, furniture, footwear, packaging, building & construction, and others.

 Market scope and structural analysis

Report Metric

Details

 Market Size Available for

 Years

  2020-2030

  Base Year Considered

  2020

  Forecast Period

 

  2021-2030

  Forecast Unit

 

  Value (USD)

  Segments Covered

 

  Type, Technology, Application and Region

  Regions Covered

 

  Europe, North America, Asia-Pacific, LAMEA.

 

  Companies covered

3M Company, Ashland Inc, Bostik, Delo Industrial Adhesives, Huntsman International, Illinois Tool Works, Jubilant Industries, Lord Corporation, LLC,

Dymax Corporation, H.B. Fuller, Henkel, Hernon Manufacturing, Inc., Hexcel Corporation, Loxeal Engineering Adhesives

 

    COVID-19 Impact analysis

  • The contact adhesive market was negatively affected due to the outbreak of the COVID-19 pandemic.
  • The industries such as automotive, furniture, footwear, packaging, building and construction and others were shut down during the COVID-19 pandemic which decreased the growth of the contact adhesive market.
  • The contact adhesive market faced downfall of revenue due to the COVID-19 pandemic. 

 Top Impacting Factors
The contact adhesives market is driven by factors such as variety in adhesion to materials, resistance to age, heat, oil and chemicals, high strength, easy and rapid adhesion and flexible bonding. Because of their increased strength and durability, solvent-based adhesives are used over water-based systems. On the other hand, commonly used solvent-based are combustible and hazardous. As a result, extra precautions are required for safe-handling of solvent-based systems. Strict environmental laws and Volatile Organic Compounds (VOC) emission standards are expected to limit the growth of the market. When compared to solvent-based system, water-based solutions are safer and environment-friendly. Water-based solvent takes longer time to dry and perform poorly when compared to solvent-based system.

Market Trends

  • The increase in usage of contact adhesives in wood working, construction, automotive, leather and footwear is projected to provide new opportunity to the new players in the Asia-Pacific region. The contact adhesive market is experiencing growth in the Asia-Pacific region.
  • Expansion in manufacturing industries, global migration of production facilities from established emerging markets, high economic growth, and availability of inexpensive labor are the important driving factors for the market growth in the Asia-Pacific region.
  • In European countries, the environmental laws limit the expansion of the contact adhesive market. The contact adhesive market is tightly regulated in terms of safety, health, climate change, energy, and environmental protection.
  • The adhesive contact has the properties such as elasticity, flexibility, good cohesion adhesion high elastic modulus  of substrate, environmental resistance of UV light, corrosion, rain and saltwater. These are majorly used in the construction industry.
  • Market players are adopting many strategies such as R&D activities, acquisition, mergers, contract, agreement, and partnership to expand their business.
  • Bostik launched Born2Bond, a new range of innovative engineering adhesive for many applications such as luxury packaging, electronics, medical devices and automotive, in November 2019. The company introduced this innovative product in response to environmental and health and safety regulations, as well as increasing demand from various industries for a more adaptable and fast-curing process.

   key segment covered
    By Type

  • Neoprene
  • Polyurethane
  • Acrylic
  • SBC
  • Others

By Technology
Solvent-based
Water-base

 By Application

  • Woodworking
  • Automotive
  • Construction
  • Leather & footwear
  • Others

By Region

  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle-East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle-East and Africa

Key Benefits of the Report

  • •This study presents the analytical depiction of the contact adhesive  industry along with the current trends and future estimations to determine the imminent investment pockets.
  • •The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the contact adhesive  market share.
  • •The current market is quantitatively analysed from 2020 to 2030 to highlight the contact adhesive  market growth scenario.
  • •Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • •The report provides a detailed contact adhesive  market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the contact adhesive  market Report

  • •Who are the leading market players active in contact adhesive  market?
  • •What current trends will influence the market in the next few years?
  • •What are the driving factors, restraints, and opportunities in the market?
  • •What future projections would help in taking further strategic steps
  •   Upcoming Report specific FAQs Examples: Can be utilized randomly 4-5           
  •  FAQs per RD OR other from own suggestions, suitable for upcoming report. 
    • What is " contact adhesive  market “?
    • what does " contact adhesive  market “allow organizations to achieve?
    • which technologies combine to make” contact adhesive  market “a critical organizational asset?
    • What is " contact adhesive  “market prediction in the future?
    • Who are the leading global players in the contact adhesive  market?
    • What are the current trends and predicted trends?
    • What are the challenges faced in the " contact adhesive  " market?
    • What are the key benefits of the " contact adhesive  " market report?
    • What will be the anticipated growth rates for your own contact adhesive  market economy altogether and also for every segment inside?
    • Which will be the niches at which players profiling with recent advancements should set a presence?
    • What are the driving factors and opportunities in the market?                
 
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