What is Contact Adhesives Market?
Adhesive material is used to create bond between two surfaces. Depending on the material this connections can be soluble or insoluble. Contact Adhesive also known as semi-structural adhesive, is one of the most popular adhesive material as it provides high strength. Contact Adhesives are used for binding of materials such as paper & board, wood, leather, fabric, metal, rubber, glass, ceramic, and plastic and as it has wide range of applications in different sectors, its demand is at peak level. Contact Adhesive is able to withstand rapid changes in temperature, moisture, and vibrations. These adhesives are usually preferred for products with large surface area.
The market study is being classified by Type (Neoprene, Polyurethane, Acrylic, SBC and Others), by Application (Woodworking, Automotive, Leather & Footwear, Construction and Others) and major geographies with country level break-up. According to AMA, the Global Contact Adhesives market is expected to see growth rate of 5.13% and may see market size of USD4.77 Billion by 2026.
3M (United States), Henkel (Germany), Wilsonart (United States), Selleys (Australia), Bostik (United States), ALCOLIN (South Africa), Sika (switzerland ), Ashland(United States), Dymax Corporation(United States), Permabond Engineering Adhesives (United States), Dow Chemical Company (United States), Bohle Group(Europe), KIWO (North America) and ThreeBond Holdings (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Covestro AG (Germany), Genkem (South Africa), UHU (Germany), K-FLEX (United States), Uzin (Germany), James Walker (United Kingdom) and Newstar Adhesives (United States)..
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Contact Adhesives market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Contact Adhesives market by Type, Application and Region.
On the basis of geography, the market of Contact Adhesives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demands and Product Innovation in automotive industry
- Growing packaged food industries
- water & heat resistant
- Available in spray form
- Durability is less
- Large number of competitors
- Surface Mounting Applications are increasing rapidly
- Continuous increasing demand from APAC Countries
- Availability of the substitutes
Regulatory bodies listed as ASC, EPA and OEM are working to put proper rules and regulation in production, distribution and maintain quality, so as to make product more convenient to the customer.
Key Target AudienceManufacturer, Raw material supplier, Channel partners, Industry Association, Governments and investment communities and Research organizations and associations
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