Market Size of Contact Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Contact Adhesives Market Analysis
The contact adhesives market is expected to register a CAGR of around 5%, during the forecast period. The major factors driving the growth of the market studied is the robust growth in demand from Asia-Pacific, with the growth of the manufacturing sector. On the flipside, volatility in raw material pricesand stringent environmental regulations regarding VOCs are some of the major concerns for the studied market.
- The neoprene-based segment dominated the market. It is likely to grow during the forecast period, owing to the rising demand from the footwear and construction industry.
- The shifting focus towardwater-borne adhesives is likely to provide opportunities for the studied market, during the forecast period.
- Asia-Pacific dominated the global market, due to robust demand from the growing industries, such as construction, automotive, footwear, furniture, and packaging.
Contact Adhesives Industry Segmentation
The scope of the contact adhesives market report includes:
Technology | |
Water-borne | |
Solvent-borne | |
Other Technologies |
Polymer | |
Neoprene | |
SBR | |
Acrylic Copolymer | |
Other Polymers |
End-user Industry | |
Consumer Durables | |
Packaging | |
Automotive | |
Furniture | |
Footwear Leather | |
Construction | |
Other End-user Industries |
Geography | |||||||
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Contact Adhesives Market Size Summary
The contact adhesives market is poised for steady growth, driven primarily by increasing demand from the Asia-Pacific region, where the manufacturing sector is expanding rapidly. This growth is supported by the robust demand from industries such as construction, automotive, footwear, furniture, and packaging. The neoprene-based segment is particularly dominant, benefiting from its extensive use in the footwear and construction industries. However, the market faces challenges from volatile raw material prices and stringent environmental regulations concerning volatile organic compounds (VOCs). The shift towards water-borne adhesives presents new opportunities for market expansion, aligning with environmental sustainability trends.
Asia-Pacific holds a significant share of the global contact adhesives market, with countries like China, India, and Indonesia leading due to their burgeoning populations and industrial activities. The region's construction industry is experiencing substantial growth, fueled by government initiatives and infrastructure projects, which in turn boosts the demand for contact adhesives. Additionally, the automotive and packaging industries in Asia-Pacific are witnessing rapid development, further driving market demand. Despite the fragmented nature of the market, with major players like Sika AG, Henkel AG & Co. KGaA, H.B. Fuller Co., Bostik (Arkema), and 3M holding a small share, the overall market is expected to grow steadily over the forecast period.
Contact Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Expanding Manufacturing Sector in Asia-Pacific
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Volatility in Raw Material Prices
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1.2.2 Stringent Environmental Regulations regarding VOCs
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Raw Material Analysis
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2. MARKET SEGMENTATION
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2.1 Technology
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2.1.1 Water-borne
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2.1.2 Solvent-borne
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2.1.3 Other Technologies
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2.2 Polymer
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2.2.1 Neoprene
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2.2.2 SBR
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2.2.3 Acrylic Copolymer
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2.2.4 Other Polymers
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2.3 End-user Industry
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2.3.1 Consumer Durables
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2.3.2 Packaging
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2.3.3 Automotive
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2.3.4 Furniture
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2.3.5 Footwear Leather
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2.3.6 Construction
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2.3.7 Other End-user Industries
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 France
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2.4.3.4 Italy
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East & Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle East & Africa
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Contact Adhesives Market Size FAQs
What is the current Contact Adhesives Market size?
The Contact Adhesives Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)
Who are the key players in Contact Adhesives Market?
Henkel AG & Co. KGaA, H.B. Fuller, Bostik (Arkema), Sika AG and 3M are the major companies operating in the Contact Adhesives Market.