Global Contact Adhesives Market
The global contact adhesives market was valued at USD 1,309.76 million in 2016 and is projected to reach USD 1,581.59 million by 2021, at a CAGR of 3.84% during the forecast period, 2016 to 2021.
Contact adhesives are widely used because of its easy application, fast setting properties and excellent adhesion to many different substrates. These adhesives are coated on both surfaces to be joined. Contact adhesives have good adhesion to metal, timber, rigid or flexible and some plastic surfaces and are therefore, used in many industrial applications.
This market is driven by a number of factors, such as excellent adhesion characteristics, dynamic economic development in Asia-Pacific, accelerating demand from the automotive industry. However, this market faces certain drawbacks, such as stringent environmental regulations regarding VOC emissions.
The global contact adhesives market, based on technology, can be broadly segmented into water-borne, solvent-borne and others. Solvent-borne contact adhesives constitute major portion of the contact adhesives market. However, water-borne adhesives are registered to witness the highest growth rate during the forecast period, at a CAGR of 6.91%. Besides technology, the contact adhesives market is segmented based on raw materials, into neoprene-based, nitrile-based, SBR, polyurethane, acrylic copolymers and others. Neoprene-based contact adhesives occupy highest share of the market, accounting for around 58.53% of the overall market.
The contact adhesives market is also segmented on the basis of end-user industry, into consumer appliances, packaging, automotive, woodworking and joinery (furniture), footwear and leather, construction and others. Furthermore, the market has also been geographically segmented into Asia-Pacific, North America, Europe, South America and Middle East & Africa.
Furthermore, the recovering construction industry in Europe and accelerating demand for electric vehicles across the world are expected to offer numerous opportunities for the global adhesives and sealants market growth. Some of the major companies dominating the contact adhesives market for its products, services and continuous product development are 3M, Arkema Group, Henkel AG & Co. KGaA, H.B. Fuller Co., Royal Adhesives and Sealants LLC, among
Key Deliverables in the Study
Market analysis for the Global Contact Adhesives Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Contact Adhesives Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped