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Contact Adhesives Market - Segmented by Technology, Polymer, End-user Industry, and Geography - Trends and Forecasts (2017 - 2022)

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The Global Contact Adhesives Market was valued at USD XX.XX billion in 2015 and is projected to reach USD XX billion by 2020, at a CAGR of XX.XX% during the forecast period from 2015 to 2020. Contact Adhesives, also known as contact cement, is a bonding agent which is applied on two surfaces and allowed to dry before being pressed together and provides an immediate permanent bond. These adhesives are polymer based, which exhibit the ability of auto adhesion.
Contact Adhesives, owing to their excellent bond strength, temperature resistance (-40 °C to +130 °C), flexible bond (owing to elastomeric base), and high shear and peel strength, is becoming an integral part of various commercial and industrial sectors. In the Global Contact Adhesives Market report, we have taken the following major end-user industry into consideration: Automotive, Consumer Appliances, Packaging, Woodworking and Joinery (Furniture), Footwear and Leather, Construction, and Others.
This market is driven by a number of factors, such as excellent adhesion characteristics, dynamic economic development in Asia-Pacific, and accelerating demand from the automotive industry. However, this market faces certain drawbacks, such as stringent environmental regulations regarding VOC emissions and usage constraints. The aforementioned factors may act as a roadblock to the growth of the market.
The Global Contact Adhesives Market, on the basis of technology can be broadly segmented into Water-borne, Solvent-borne, Reactive, and Others. Additionally, the market on the basis of polymer can be segmented into Neoprene-based, Nitrile-based, SBR, Polyurethane, Acrylic Copolymers, and Others. The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America, and Middle-East & Africa. In terms of consumption in 2015, APAC led the market with a share of XX.XX%.
With the improvement in the financial status of the consumers and the rise in their purchasing power, is increasing the demand for automobiles and buildings in the Asia-Pacific region, in turn making the region an area of immense potential and opportunities.
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Apart from the aforementioned, the region is gradually becoming the centre for hosting the international events and business meetings, which in turn will also propel the growth of the market. However, as the region has started adopting the international environmental laws and regulations regarding the VOC emissions, the continued use of the solvent-borne technology will reduce, which will hinder the growth of this market.
Furthermore, the recovering construction industry in the European region and growing leather industry in India and China will offer numerous opportunities in the growth of the Global Contact Adhesives Market. Some of the major companies dominating this market for its products, services, and continuous product developments are 3M, Arkema Group (Bostik SA), Royal Adhesives and Sealants, and Sika AG.
Key Deliverables in the Study
Market analysis for the Global Contact Adhesives Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Contact Adhesives Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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