Press release
Contact Adhesives Market Set to Reach $4.8 Billion by 2029 with 6.3% Yearly Growth
Contact Adhesives
The expansion in the building and construction sector is expected to increase the demand for contact adhesives. The growth of urbanization and economic development is driving the need for efficient building materials, with contact adhesives providing durable bonds for construction projects. A report from the Northern Ireland Statistics and Research Agency highlights the overall expansion of the construction industry, particularly in housing and infrastructure, which fuels the demand for these adhesives.
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How will the growth rate of the contact adhesives market shape industry trends by 2034?
The contact adhesives market has seen strong growth. It is expected to expand from $3.53 billion in 2024 to $3.76 billion in 2025 at a CAGR of 6.6%. Growth in the historic period has been driven by changing consumer preferences, evolving environmental regulations, increasing awareness of health and sustainability concerns, fluctuations in raw material prices, and overall economic conditions.
The contact adhesives market is set to experience strong growth in the coming years, reaching $4.81 billion by 2029 at a CAGR of 6.3%. Growth in this period will be driven by rising industrial demand, an increase in construction and renovation projects, geopolitical factors, market consolidation, and evolving distribution channels. Key market trends include the emergence of eco-friendly adhesive formulations, enhanced performance characteristics, the development of adhesives for high-tech applications, customized adhesive solutions, and innovations in smart adhesive technology.
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What trends are poised to drive the future success of the contact adhesives market?
In the contact adhesives market, companies are focusing on biobased adhesives made from renewable resources to stay competitive. For instance, in September 2024, Biophilica Ltd., a UK-based biotechnology company, launched Brightbond, a 100% biobased adhesive that offers the same performance as traditional PVA adhesives. This environmentally friendly adhesive is non-toxic, water-based, and perfect for sustainable manufacturing applications, contributing to the transition towards circular products.
Which primary segments of the contact adhesives market are driving growth and industry transformations?
The contact adhesivesmarket covered in this report is segmented -
1) By Type: Solvent-Based, Water-Based, Solvent-Free, Reactive Contact, Hot Melt
2) By Resin Types: Neoprene, Polyurethane, Acrylic, Styrene-Butadiene Rubber (SBR), Other Resin Types
3) By Substrate: Wood-To-Wood, Metal-To-Metal, Plastic-To-Plastic, Fabric-To-Fabric, Multi-Substrate
4) By Application: Construction And Building, Furniture And Woodworking, Automotive And Transportation, Footwear And Leather Goods, Textiles And Fabrics, Electronics And Appliances, Packaging, DIY And Craft, Other Applications
Subsegments:
1) By Solvent-Based: Rubber Solvent-Based Adhesives, Acrylic Solvent-Based Adhesives, Polyurethane Solvent-Based Adhesives
2) By Water-Based: Acrylic Water-Based Adhesives, Polyvinyl Acetate (PVA) Water-Based Adhesives, Polyurethane Water-Based Adhesives
3) By Solvent-Free: Hot Melt Adhesives, Reactive Adhesives
4) By Reactive Contact: Epoxy Reactive Adhesives, Polyurethane Reactive Adhesives
5) By Hot Melt: Ethylene-Vinyl Acetate (EVA) Hot Melt Adhesives, Polyamide Hot Melt Adhesives, Polyurethane Hot Melt Adhesives
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Which geographical regions are pioneering growth in the contact adhesives market?
Asia-Pacific was the largest region in the contact adhesives market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the contact adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the contact adhesives market landscape?
Major companies operating in the contact adhesives market are The Dow Chemical Company, 3M Company, Akzo Nobel N.V., Sika AG, Huntsman Corporation, Wacker Chemie AG, Bostik SA, Pidilite Industries Limited, Tremco Incorporated, Jubilant Industries Ltd., Franklin International Inc., CRC Industries Inc., Jowat SE, RLA Polymers Pty Ltd., Apollo Roofing Solutions LLC, Benson Polymers Ltd., Helmitin Adhesives Inc., Soudal N.V., Chemical Concepts Inc., Mapei S.p.A., Chemique Adhesives Inc., Everbuild Building Products Ltd.
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What Is Covered In The Contact Adhesives Global Market Report?
•Market Size Forecast: Examine the contact adhesives market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the contact adhesives market for a structured understanding.
•Key Players Overview: Analyze major players in the contact adhesives market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the contact adhesives market.
•Segment Contributions: Evaluate how different segments drive overall growth in the contact adhesives market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the contact adhesives market.
•Industry Challenges: Identify potential risks and obstacles affecting the contact adhesives market.
•Competitive Landscape: Review strategic developments in the contact adhesives market, including expansions, agreements, and new product launches.
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