Global Contact Adhesive Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

"Global Contact Adhesive Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global contact adhesive market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global contact adhesive market report has been segmented on the basis of type, technology, application, and region.

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Introduction

An adhesive is substance which is utilized to join two surfaces together. These contact adhesives are employed for binding high strength materials. To bind two different surfaces of both substrates that needs to be joined are coated with contact adhesive. The adhesive dries by evaporation of solvent and slight pressure is applied, resulting to high initial strength. Drying process of adhesives is fast, and bonded surfaces are difficult to separate. Therefore, correct surface arrangement of material before application of adhesives is important. In addition, adhesive is able to endure rapid changes in moisture, temperature, and vibrations. Moreover, contact adhesives can be used for binding of materials such as wood, leather, paper & board, fabric, metal, ceramic, rubber, glass, and plastic. These adhesives are ideal for products with large surface area.

Dynamics

Increasing demand for contact adhesive across numerous end-use industrial verticals such as wood working and automotive is major factor estimated to drive growth of the target market over the next few years. In addition, increasing application scope in leather & footwear industry is another factor estimated to support revenue growth of the target market over the next 10 years. In addition, various advantages and features offered by contact adhesive such as temperature resistance, moisture resistance, and others are among other factor estimated to boost adoption of these products, which in turn anticipated to drive growth of the potential market over the forecast period. Moreover, contact adhesive has various application in different industrial sectors with better efficiency, which in turn estimated to drive growth of the target market in the next 10 years.

Region Analysis

Asia Pacific contact adhesive market is estimated to account for major share in terms of revenue in the global contact adhesive market. In addition, the Asia Pacific market is also projected to register faster growth in terms of revenue over the next 10 years, owing to increasing demand from automotive and construction industries in the countries in this region. Moreover, increasing investments by various private manufacturers in Asia Pacific region and growing demand from different end-use application sectors are other key factors anticipated to drive growth of the Asia Pacific market in the next few years. The market in India is anticipated to account for moderate share in terms of revenue in the Asia Pacific. In addition, rising awareness regarding various properties offered by these coating materials among producers in the countries in this region are other factors driving growth of end-use industries, which in turn is estimated to propel growth of the global market in this region.

Global Contact Adhesive Market Segmentation:

Segmentation by type:

• Neoprene
• Polyurethane
• Acrylic
• Styrene Block Copolymers (SBC)

Segmentation by technology:

• Solvent-based
• Water-based

Segmentation by application:

• Woodworking
• Automotive
• Construction
• Leather & footwear
• Packaging

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa