Global Contact Adhesives Market By Overview
Introduction:
Contact Adhesives Market was valued at US$ 6.8 billion in 2024 and is projected to grow at a CAGR of 7.40 % to reach US$ 12.9 billion by 2034.
Contact adhesives are versatile bonding agents that adhere to surfaces upon contact, creating strong and durable bonds. They are typically applied to both substrates being joined, left to dry, and then brought into contact to form a bond. Contact adhesives find widespread application across various industries and tasks due to their unique properties and ease of use. One of their key applications is in woodworking, where they are used to bond laminates, veneers, and other materials to substrates like wood, plywood, or particleboard. In construction, contact adhesives are employed for bonding decorative panels, countertops, and other fixtures. They are also extensively used in automotive manufacturing for attaching trim, upholstery, and headliners. The importance of contact adhesives lies in their ability to provide instant adhesion, eliminate the need for clamping or additional curing time, and offer high strength and durability. Their versatility and effectiveness make them indispensable for various assembly and installation tasks, contributing significantly to efficiency and productivity across industries.
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Global Contact Adhesives Market By Dynamics
Contact Adhesives Market Key Drivers:
Increase in Infrastructure Development Worldwide
The Contact Adhesive Market is expected to grow due to increase in infrastructure work worldwide. Contact adhesives are widely implemented in doors and furniture works to glue together and form a strong bond within carpet and plywood. Infrastructure development has been increased worldwide due to increase in disposable incomes and number of companies and government centers which has increased the demand for private spaces which may drive target market forward. Individual seeking for a better space has led to increase in demand for custom furniture design backed with increased disposable income can fuel up target market growth. Increased investments in companies and increased number of startups looking for spacious workspace to enhance productivity by creating favorable surrounding by employers may be a major factor to propel the Contact Adhesive Market Forward in Forecasted years.
For instance, in May 2023, according to Statista, India's construction industry was valued at over three trillion Indian rupees in fourth quarter of 2022. This was a significant increase compared to 2020, when the value shrank due to the coronavirus (COVID-19) pandemic. The country’s construction and manufacturing industries were among the worst hit at the time. However, the industry seemed to recover quickly and returned to pre-crisis level again.?
Increase in Usage as Standard Stationary
A significant driving factor in the Contact Adhesive Market is the increased use of contact adhesives in standard stationary applications. Contact adhesives have become a preferred choice for bonding paper, cardboard, and other stationary materials due to their ease of application, strong adhesion, and quick bonding properties. In office environments, contact adhesives are widely utilized for tasks such as adhering labels, attaching photos, mounting posters, and assembling paper crafts. The convenience of contact adhesives lies in their ability to provide instant adhesion upon contact with the substrate, eliminating the need for clamping or additional curing time. This makes them ideal for quick and efficient bonding applications in stationary tasks. Furthermore, contact adhesives offer versatility, allowing users to achieve precise and neat bonding results without the risk of smudging or excess adhesive. The increased adoption of contact adhesives in standard stationary applications not only enhances productivity and efficiency but also drives growth in the Contact Adhesive Market as demand for these versatile bonding solutions continues to rise.
Contact Adhesives Market Restrains:
A significant market restraining factor for the Contact Adhesive Market stems from strict government regulations governing the manufacturing of adhesive products. Governments worldwide impose stringent regulations aimed at ensuring the safety of consumers, workers, and the environment. These regulations often dictate the composition of adhesive formulations, restrict the use of certain chemicals, and mandate compliance with specific labeling and packaging requirements. Adhesive manufacturers must navigate a complex web of regulatory frameworks, which can vary significantly across different regions and jurisdictions. Compliance with these regulations requires substantial investments in research and development, testing, and quality control measures to ensure that adhesive products meet regulatory standards. Furthermore, regulatory changes and updates may necessitate modifications to manufacturing processes and formulations, leading to additional costs and operational challenges for adhesive manufacturers. Non-compliance with regulatory requirements can result in severe penalties, product recalls, and damage to the brand reputation, further exacerbating the challenges faced by companies in the Contact Adhesive Market. Consequently, the stringent regulatory environment poses a significant barrier to entry and expansion in the market, restraining growth and innovation within the Contact Adhesive industry.
Global Contact Adhesives Market By Segmentation
- Contact Adhesives Market is segmented based on Resign Type, Technology, End Use Industry and region.
- On the basis of Resign Type, the Contact Adhesives Market is segmented into Neoprene, Polyurethane, Acrylic, and SBC
- Based on Technology, the Contact Adhesives Market is segmented into Water-based and Solvent-based
- On the basis of End Use Industry, the market is segmented into Automotive, Woodworking, Construction, and Leather & footwear.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Contact Adhesives Market Regional Insights
According to the Region, Genomics Market is Segmented North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is poised to dominate the market owing to its burgeoning industrial sectors and robust manufacturing activities. Meanwhile, Asia Pacific is anticipated to generate the highest revenue, primarily due to its dense population and consequent demand for adhesive products across various industries. In Europe, the Contact Adhesive Market is expected to yield the highest return on investment, propelled by the proliferation of industries and stringent quality standards. Latin America exhibits the highest Compound Annual Growth Rate (CAGR) due to increasing investments across sectors, fostering market expansion. Lastly, the Middle East and Africa region are anticipated to witness the fastest revenue growth, driven by significant infrastructure development initiatives and construction projects. These regional insights underscore the diverse opportunities and market dynamics shaping the Contact Adhesive industry on a global scale.
Report Scope:
|
Attribute |
Details |
|
Market Size 2024 |
US$ 6.8 billion |
|
Projected Market Size 2034 |
US$ 12.9 billion |
|
CAGR Growth Rate |
7.40% |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
|
Market Segmentation |
By Resign Type - Neoprene, Polyurethane, Acrylic, and SBC By Technology - Water-based and Solvent-based By End Use Industry - Automotive, Woodworking, Construction, and Leather & footwear |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Contact Adhesives Market report based on Resign Type, Technology, End Use Industry and region:
Contact Adhesives Market, By Resign Type:
- Neoprene
- Polyurethane
- Acrylic
- SBC
Contact Adhesives Market, By Technology:
- Water-based
- Solvent-based
Contact Adhesives Market, By End Use Industry:
- Automotive
- Woodworking
- Construction
- Leather & footwear
Contact Adhesives Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Contact Adhesives Market By Key Players
The key players operating the Contact Adhesives Market includes, Henkel Ltd.,3M Inc., Bostik Inc., Jubilant Industries Ltd., B. Fuller, Illinois Tool Works Ltd., Sika Inc., Pidilite Industries, Royal Adhesives & Sealants, Huntsman International.
Global Contact Adhesives Market By Key Issues Addressed
Recent Development:
- In February 2023, 3M introduces a new medical adhesive designed to work with a variety of health monitors, sensors, and long-term medical wearables. The adhesive can adhere to the skin for up to 28 days. The typical wear period for prolonged medical adhesives was up to 14 days prior to 2022. In order to support the delivery of a more patient-centric care model, 3M now doubles that standard.
- In January 2023, Swift®melt 1515-I, H.B. Fuller's first biocompatible product compliant in the India, Middle East, and Africa (IMEA) region, is publicly launched. The product is intended for use in stick-to-skin medical tape applications in special climates, such as the high humidity and temperatures found in the Indian subcontinent. Swift®melt 1515-I provides shear resistance, high temperature performance, and a fast, solid connection. The product was put through a rigorous testing process and given ISO 10993-5 certification for cytotoxicity. It exhibits great performance, balancing adhesion and ease of removal.
Global Contact Adhesives Market By Company Profile
- Henkel Ltd.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- 3M Inc.
- Bostik Inc.
- Jubilant Industries Ltd.
- B. Fuller
- Illinois Tool Works Ltd.
- Sika Inc.
- Pidilite Industries
- Royal Adhesives & Sealants
- Huntsman International
“*” marked represents similar segmentation in other categories in the respective section.
Global Contact Adhesives Market By Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Resign Type
- Market Snippet, By Technology
- Market Snippet, By End Use Industry
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Contact Adhesives Market, By Resign Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Neoprene
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Polyurethane
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Acrylic
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- SBC
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Contact Adhesives Market, By Technology, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Water-based
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Solvent-based
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Contact Adhesives Market, By End Use Industry, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Automotive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Woodworking
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Construction
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Leather & footwear
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Contact Adhesives Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Resign Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End Use Industry, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Resign Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End Use Industry, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Resign Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End Use Industry, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Resign Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End Use Industry, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Resign Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End Use Industry, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- Henkel Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- 3M Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bostik Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Jubilant Industries Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- B. Fuller
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Illinois Tool Works Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sika Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Pidilite Industries
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Royal Adhesives & Sealants
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Huntsman International
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact