The increased number of end-use industries and technological advancements are also supporting the growth in demand for contact adhesives across the globe. Contact adhesives or cement are usually based on solvent solutions of neoprene. They are so named because they are usually applied to both surfaces to be bonded. Following evaporation of the solvent, the two surfaces may be joined to form a strong bond with high resistance to shearing forces. Contact cement are used extensively in the assembly of automotive parts, furniture, leather goods and many others.
The developing economies of Asia-Pacific and Latin America, such as India, China and Brazil, and increased research and development activities would offer ample opportunities for the growth of the segment. The key manufacturers of these adhesives may expand their geographical presence, as well as their product portfolio in emerging economies to exploit the revenue generation opportunities in these countries. The key trend witnessed in the segment is the increasing number of collaborations for the research and development of these adhesives.
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