The report "Contact Adhesive Market by Resin Type (Neoprene, Polyurethane, Acrylic, SBC), Technology (Solvent-Based, Water-Based), End-use Industry (Woodworking, Leather & Footwear, Automotive), Region (North America, Europe, APAC, MEA)- Global Forecast to 2028", size is projected to grow from USD 2.8 billion in 2023 to USD 3.5 billion by 2028, at a CAGR of 4.3%. The contact adhesives market is divided into five key regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America. In terms of demand, Asia Pacific is expected to be the market leader over the forecast period. The expansion of the housing and commercial sectors has given the contact adhesives industry a much-needed boost. Growing sectors such as leather and footwear and automotive are propelling the Asia Pacific contact adhesives market forward.
Browse 271 market data Tables and 51 Figures spread through 245 Pages and in-depth TOC on "Contact Adhesive Market by Resin Type (Neoprene, Polyurethane, Acrylic, SBC), Technology (Solvent-Based, Water-Based), End-use Industry (Woodworking, Leather & Footwear, Automotive), Region (North America, Europe, APAC, MEA)- Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/contact-adhesive-market-218976696.html
The solvent-based segment is expected to account for one of the largest shares in 2023.
Adhesives are created utilizing solvents in solvent-based technologies, which evaporate during drying and are often cycled back into the process. Solvent-based adhesives are used in specialized applications such as porous woodworking substrates, where water-based or solvent-free adhesives fail to fulfill technical criteria. Cost, safety, productivity, and compliance with clean air or VOC standards have all contributed to a significant fall in demand for solvent-based adhesives, with the trend turning towards water-based, solvent-less, or reactive alternatives. Solvent-based adhesives are excellent for both porous and non-porous surfaces, and once the liquid has dried, leaving just the bonding agent left, they provide strong adhesion. They also stick to surfaces better than many other types of water-based adhesives.
The neoprene segment is expected to account for the largest share in 2023.
Neoprene-based adhesives are specialty adhesives designed to fulfill the needs of the woodworking industry. Chemical adhesives are used to connect or bind wooden substrates. These adhesives are classified into two types: thermosetting adhesives and thermoplastic adhesives. Heat is required for thermosetting adhesives to cure, whereas thermoplastic adhesives are cured by an irreversible chemical process. Fillers are used to manage the thickness of the adhesive, whilst extenders are used to minimize the quantity of glue needed. The superiority of European countries in manufacturing and commercializing eco-friendly items is assisting in the market utilization of natural adhesives. The government and regulatory organizations in European nations are encouraging the commercialization of natural adhesives in the woodworking sector.
Asia Pacific is expected to account for one of the largest share in 2023.
Asia Pacific is predicted to be the fastest-growing market in terms of value over the projection period. The region's contact adhesives sector is being driven by a vast and increasing population base, as well as a shift in manufacturing from North America and Europe to Asia Pacific. Asia Pacific is predicted to have the highest CAGR of 5.3% throughout the projection period.
The key players in the contact adhesives market include Henkel AG (Germany), H.B. Fuller (US), Sika AG (Switzerland), Arkema (Bostik SA) (France), 3M (US), Huntsman Corporation (US), Illinois Tool Works Inc. (US), and Pidilite Industries Limited (India).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441