Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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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
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.
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.
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.
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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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Contact Adhesives Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Contact Adhesives Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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