Overview of Contact Adhesive Market:
Contact Adhesive Market: An adhesive is a substance that is used to bind two surfaces together. Contact adhesives provide high initial strength. These are based on polymers which can apply to one-side of any surface or both sides, two separate items to bound together and resist their separation. The use of adhesives offers many advantages over binding techniques such as sewing, mechanical fastening, and thermal bonding. Contact adhesives are able to resist fast changes in temperature, moisture, and vibrations. And they are used to bind materials such as paper & board, wood, leather, fabric, metal, rubber, glass, ceramic, and plastic.
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Adhesives are likely to replace the conventional joining techniques. The usage of contact adhesives in the automobiles and aircrafts reduces the weight which helps to drive this market. Automobile industry started replacing welding activities of engine assembly parts with adhesives to reduce overall weight of the vehicle body which results into fuel efficiency. The glass sheets installed in the large building structures required contacting adhesives to achieve weather proof structure which boost the market share of adhesives market. However, the major challenge for contact adhesive market is easy availability of adhesives and raw material costing for manufacturers. As the use of metal and steel furniture increasing which required welding to produce the final product affect the overall contact adhesive market.
Segmentation:
The global contact adhesive market is segmented on the basis of types, technologies and industries.
On the basis of types, the market is segmented into neoprene, polyurethane, acrylic and styrene butadiene copolymer.
On the basis of technologies, the market is segmented into solvent-based and water-based.
On the basis of industries, the market is segmented into woodworking, automotive, leather & footwear, and construction.
Regional Analysis:
Geographically, the contact adhesive market is analyzed into North America, Europe, Asia Pacific, Middle East & Africa and LAMEA. Asia Pacific is the largest region in terms of market revenue share which is followed by Europe and North America due to increase in construction as well as repair & maintenance activities.
Key Players:
The major key players for contact adhesive market are 3M Company (U.S.), Henkel (Germany), H.B. Fuller (U.S.), Bostik (France), Sika (Switzerland), Illinois Tool Works (U.S.), Huntsman International (U.S.), Pidilite Industries Limited (India), Jubilant Industries (India), and Royal Adhesives & Sealants (U.S.). As these companies invested high amount in research and development to develop the market globally.
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Segmentation:
By Type
• Neoprene
• Polyurethane
• Acrylic
• Styrene Butadiene Copolymer
By Technology
• Solvent-Based
• Water-Based
By Industry
• Woodworking
• Automotive
• Leather & Footwear
• Construction
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Regions Covered:
• North America (U.S and Canada and rest of North America)
• Europe (Germany, France, Italy and Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
• LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)
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