Contact Adhesives Market
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Contact Adhesives Market size was valued at around USD 2.6 billion in 2022 and is estimated to register over 5.9% CAGR between 2023 and 2032. Contact adhesives can bond a wide range of materials, including wood, rubber, metal, leather, plastic, and fabric. This versatility makes them popular in various industries. Contact adhesives offer rapid adhesion upon contact, eliminating the need for clamping or extended curing times. This speed enhances productivity in manufacturing and assembly processes.
Contact adhesives are easy to apply and often come in spray or brush-on formulations. Their simple application process contributes to efficiency and reduced labour costs. Contact adhesives can create flexible bond lines that withstand movement and stress, making them suitable for applications that require some degree of flexibility.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Contact Adhesives Market size in 2022: | USD 2.6 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 5.9 |
| 2023 Value Projection: | USD 4.6 Billion |
| Historical Data for: | 2018 to 2022 |
| No of Pages: | 150 |
| Tables, Charts & Figures: | 191 |
| Segments Covered: | Type, Substrate, Application, Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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Contact adhesives form an immediate bond upon contact, leaving little room for repositioning or adjustment. This can be challenging when precise alignment is required. Some contact adhesives contain volatile organic compounds (VOCs) that can emit harmful solvents into the air during application and curing. Due to VOC emissions, proper ventilation is necessary when working with contact adhesives to ensure worker safety and prevent indoor air pollution. Thus, the risks associated with Contact adhesives may drive down the acceptance rate, further hampering the business growth.
With remote work and changes in spending patterns, there was a shift in consumer behavior, impacting industries like DIY and home improvement. This had an effect on the demand for contact adhesives used in craft and DIY projects. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the industry expansion in the upcoming years.
There's a growing demand for environmentally friendly and low-VOC (volatile organic compound) adhesives as industries and consumers prioritize sustainability and eco-friendliness. Industries are seeking contact adhesives with enhanced bonding performance, including improved shear strength, flexibility, and heat resistance, to meet more demanding applications. The pandemic heightened awareness of health and safety concerns, driving the demand for contact adhesives that are safe for users, emit fewer harmful fumes, and comply with stringent regulations.
Based on type, the contact adhesives market is segmented as solvent-based, water-based, solvent-free, reactive contact, hot melt. Solvent based held a majority market value of USD 0.9 billion in 2022. Solvent-based contact adhesives provide rapid initial bonding upon contact, making them preferred for applications where quick adhesion is crucial, such as construction and automotive.
Based on substrate, the contact adhesives market is segmented as wood-to-wood, metal-to-metal, plastic-to-plastic, fabric-to-fabric, multi-substrate. Wood to wood box held a dominant market share of around 32% in 2022 and is expected to grow at a lucrative pace by 2032. Contact adhesives are preferred for bonding wood in carpentry and furniture making due to their ease of use and ability to create strong bonds in woodworking applications.
Based on application, the contact adhesives market is segmented as construction and building, furniture and woodworking, automotive and transportation, footwear and leather goods, textiles and fabrics, electronics and appliances, packaging, diy and craft, others. Construction and building held a dominant market share in 2022 and is anticipated to grow at 5.2% CAGR through 2032. Contact adhesives are used in construction for applications like wall coverings, decorative panels, and bonding materials in both interior and exterior spaces. Thus, the high-quality services and growing usage of Contact adhesives are anticipated to expedite the business growth.
U.S. dominated the North American region with majority market share and a revenue of USD 0.6 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North America's ongoing construction and infrastructure projects drive demand for contact adhesives in applications such as wall coverings, flooring, and interior finishing. Thus, the above-mentioned variables would augment the Contact adhesives industry growth in the North America positively.
Some of the major players operating in the Contact adhesives market are:
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Contact adhesives market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:
By Type
By Substrate
By Application
The above information is provided for the following regions and countries:
U.S. market for contact adhesives was worth USD 0.6 billion in 2022 and is anticipated to expand at a significant pace from 2023 to 2032, attributed to the ongoing construction and infrastructure projects in the region.
Illinois Tool Works Inc., Jowat SE, LORD Corporation, Avery Dennison Corporation, Pidilite Industries Ltd., Mapei Corporation, Ashland Global Holdings Inc., Permabond LLC, Franklin International, Chemique Adhesives Inc. among others.
Solvent based contact adhesives market segment was valued at USD 0.9 billion in 2022 as the product provides rapid initial bonding upon contact, making it preferred for applications where quick adhesion is crucial, such as construction and automotive.
Market size for contact adhesives was valued at around USD 2.6 billion in 2022 and is estimated to reach USD 4.6 billion by the end of 2032, backed by the increasing construction activities.