Press release
Rubber Adhesives Market By Deployment, Capability, Equipment and End User Analysis by 2027 | Huntsman Corporation, LORD Corporation, DOW Chemical Company and KGAA.
Rubber adhesives are produced synthetically with the help of rubber as a base product. Different types of tackifier resins are combined with natural or synthetic elastomers to compose rubber adhesives. Rubber adhesives are mainly used in construction and building, automotive, electrical and electronics, and aerospace applications. Fairfield Market Research predicts a positive trend across the global rubber adhesives market owing to sustained demand from the construction and automobile industries.Rubber-based adhesives are capable of adhering to several types of surfaces. As compared to other costly adhesives available in the market such as silicone or acrylic, rubber adhesives are also more affordable. All these factors are a sound indicator of favorable opportunities floating across the global rubber adhesives market, creating headways for robust R&D, innovation, and strategic ventures.
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Higher Efficiency and Better Resistance Makes Synthetic Rubber Adhesives a Preferable Choice
Based on the type of rubber adhesive, the market is segmented into synthetic and natural rubber adhesives. Among these, synthetic rubber adhesives exhibit higher growth potential due to their improved resistance to abrasion and greater elasticity. Besides, synthetic rubber adhesives are highly immune to heat and aging, flame, and oil and grease, moreover, they consist of efficient insulation quotients. As a result, synthetic rubber adhesives are better suited for applications in adverse and harsh conditions or those that require vigorous reinforcement. Therefore, synthetic rubber adhesives are set to garner higher demand over the assessment period, contributing positively to the expansion of the rubber adhesives market.
Global Rubber Adhesives Market is Segmented as Below:
By Type
• Natural Rubber Adhesives
• Synthetic Rubber Adhesives
By Industry
• Building and Construction
• Mining
• Steel
• Cement and Aggregate
By Application
• Conveyor Belts
• Pipes and Fittings
• Tanks and Vessels
• Others
By Process
• Hot Bond
• Cold Bond
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
Growing Demand from Automotive Sector to Boost Rubber Adhesives Market Growth
The need for lightweight passenger cars offering lower carbon emissions and higher fuel economy is expected to augment the sales of rubber bonding adhesives with exceptional functionalities across the automotive industry. Rising concerns to minimize the global carbon footprint has propelled environmental authorities to formulate stringent norms and regulations. This has resulted in the greater utilization of adhesives with High Volatile Organic Compounds (VOCs). Consequently, several market players are exhibiting greater grit in developing bio-based eco-friendly adhesives. To produce sustainable products, various manufacturers are extensively engaging in strategic partnerships, shoring up R&D activities. In the foreseeable future, these trends are set to drive the rubber adhesives market to robust maturity.
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Asia Pacific Emerges as Foremost Regional Market
The Asia Pacific is projected to dominate the global rubber adhesives market. This growth is mainly driven by the augmented demand for rubber adhesives from the automotive and construction sector. Over the study period, emerging economies such as India and China are anticipated to hold a significant share in the APAC's rubber adhesives market. Governments across these countries are actively engaged in new infrastructure development projects and expansion of their construction sector - this is likely to drive the demand for rubber adhesives in the following years.
Major Market Players
LORD Corporation, DOW Chemical Company, 3M, Huntsman Corporation, KGAA, and Henkel AG are a some of the leading players across the global rubber adhesives market.
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