Contact Adhesives Market Size, Share, Industry Trends, Outlook, Growth Opportunities and Market Forecast 2023 - 2030
Global Contact Adhesive Market is segmented By Type (Neoprene, Polyurethane, Acrylic, Styrene-Butadiene Copolymer & Others), By Technology (Solvent-Based, Water-Based, others), By End-User (Packaging, Automotive, Leather, and Footwear, Construction, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share Outlook, and Opportunity Analysis, 2023 - 2030
Report on Global contact adhesives analyses the market shares, recent trends, competitive intelligence and future market outlook. The market is poised to grow at a CAGR of 5.88 % until 2030. Market is growing due to the rising automobile industry and inclined demand for packaging materials. The Competitive rivalry intensifies with Huntsman International LLC, Delo Industrial Adhesives, Jowat Se, Pytotek Inc, Royal Adhesives & Sealants LLC and others operating in the market.
Contact Adhesive Market Scope and Summary
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Metrics |
Details |
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Market CAGR |
5.88% |
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Segments Covered |
By Type, By Technology, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Contact Adhesive Market Growth factors
- Contact Adhesives are polymer based, and can bond themselves as dry adhesive films which have high initial strength.
- The high initial strength of contact adhesives makes them ideal for various laminating applications.
- Contact adhesives can be used to bond large areas of non-porous substrates because the adhesive is dried before bonding.
- The market is impacted by various factors. One of the major factors which improve the market is an increase in applications of Adhesives and sealants.
Increasing applications of Adhesives and Sealants
- The market is growing because of increased applications of adhesives and sealants in different industries such as the automotive and construction industries.
- The market for adhesives and sealants itself is growing due to the rising automobile industry and inclined demand for packaging materials.
- Contact adhesives have high tensile strength, fast and easy adhesion, excellent adhesion to different substrates, and resistance to chemicals, heat, and aging. These properties are driving the market to grow by increasing the usage in different applications.
- Increasing demand for new consumer products to meet the requirements is leading to an increase in the development of advanced and new materials in Contact Adhesives.
- Contact Adhesives are used in different applications where fast setting speeds and high ultimate strength is required such as kitchen, furniture, custom display cabinets, interior, and exterior automotive trim, and roofing.
Contact Adhesive Market Segmentation Analysis
- Based on type into Styrene Butadiene Copolymer, Acrylic, Neoprene, Polyurethane, and Others.
- Based on Technology into Water-Based, Solvent-Based, and Others.
- Based on End-User Industry into Automotive, Packaging, Leather & Footwear, Construction, and Others.
- The report segments geographies by region, which include North America, South America, Europe, Asia Pacific, and RoW.
The most dominating contact adhesive is polychloroprene because of its high strength, durability, auto-adhesion characteristics, high shear strength, and resistance to oils and chemicals.
In 1931, DuPont introduced polychloroprene or chloroprene rubber(CR) that exhibited the elastomeric properties of natural rubber which were given the trade name Dupree and then Neoprene. This has an annual consumption of over 300,000 tons globally.