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Comprehensive 2025 Contact Adhesives Market Overview: Trends, Forecasts, and Growth Drivers
Contact Adhesives
What Is the Expected CAGR for the Contact Adhesives Market Through 2025?
The market for contact adhesives has seen robust expansion in recent times. It is projected to surge from $3.53 billion in 2024 to $3.76 billion in 2025, recording a compound annual growth rate (CAGR) of 6.6%. Various factors like consumer tastes, environmental guidelines, heightened awareness about health and environmental matters, volatility in the cost of raw materials and economic circumstances contributed to this growth during the historical period.
What's the Projected Size of the Global Contact Adhesives Market by 2029?
In the forthcoming years, the market size of contact adhesives is predicted to experience robust growth, expected to reach $4.81 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 6.3%. The growth over this forecast period can be accredited to factors such as industrial needs, rise in building and renovation undertakings, geopolitical influences, market amalgamation, and distribution channels. Key trends projected during this period comprise environment-friendly formulations, enhanced performance traits, creation of adhesives for sophisticated applications, personalized and targeted solutions, and intelligent adhesives.
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Top Growth Drivers in the Contact Adhesives Industry: What's Accelerating the Market?
The growth of the contact adhesives market is anticipated to be fueled by the expansion in the building and construction sector. This sector encompasses the strategizing, conceptualizing, and carrying out of infrastructure projects such as residential, commercial, and industrial structures. The growth in this sector can be attributed to various factors such as urbanization, population increase, economic progression, and government funding. Contact adhesives contribute to the building and construction sector by offering robust, enduring bonds for different materials, ensuring quick and effective installations. For example, a quarterly construction study released by the Northern Ireland Statistics and Research Agency, a public authority based in the UK, in June 2023, highlighted that from the first quarter of 2022 to the first quarter of 2023, the overall construction industry saw a 6.5% rise, accompanied by an 11.1% increase in the housing construction sector and a 3.7% increase in the infrastructure subsector. Hence, the growth of the building and construction sector is steering the growth of the contact adhesives market.
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What Trends Will Shape the Contact Adhesives Market Through 2029 and Beyond?
Leading organizations in the contact adhesives market are striving to create pioneering products, such as biobased adhesives derived from renewable resources, to maintain a competitive advantage. As opposed to the conventional petrochemical sources, biobased adhesives are made from renewable resources and are aimed at being more environmentally sustainable. For instance, in September 2024, UK biotechnology firm, Biophilica Ltd., introduced Brightbond, a completely biobased adhesive that delivers the same bonding performance as conventional PVA adhesives. This adhesive, manufactured from renewable resources, equals the performance of usual PVA adhesives in bonding varied substrates such as plant-based materials, paper and textiles. Moreover, it's non-toxic and friendly towards the environment with a clear water-based formula and a slight tint, ideal for aesthetic purposes. It was conceived to meet the requirement for sustainable manufacturing and aids in shifting towards circular, eco-friendly products.
What Are the Main Segments in the Contact Adhesives Market?
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 Top Companies are Driving Growth in the Contact Adhesives Market?
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.
Which Regions Will Dominate the Contact Adhesives Market Through 2029?
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.
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