Global Rubber Repair Adhesives Market Overview
Rubber repair adhesives are utilized in the process of hot bond for repairing conveyor belts. It has high demand from the global cement & aggregate, mining & quarrying, and steel industries for repairing conveyor belts. This is mainly attributed due to their non-carcinogenic formulations and superior performance. Adhesives utilized in the cold bond procedure have a minimum growth rate as they have carcinogenic content and not favored in many countries for repair solutions. The best adhesive for rubber bonding is cyanoacrylate adhesives, commonly known as super glue. It is one of the strongest options for bonding rubber. This glue will cure in seconds and only a small amount is perfect for bonding many different types of rubber securely. When it dries, the bond is flexible, virtually unbreakable and waterproof. Use rubber cement to bond rubber, leather, glass, ceramic and many other materials. Contact cement works best on plastics, veneers, rubber, glass, metal and leather. It’s used for gluing large surfaces such as countertops in kitchens and bathrooms. Rubber repair adhesives market accounted for US$ 291.12 million in 2020 and is estimated to be US$ 431.31 million by 2030 and is anticipated to register a CAGR of 4.0%.
Global Rubber Repair Adhesives Market Drivers & Restraints
Superior performance of rubber repair adhesives over metal fasteners
Rubber conveyor belts reinforced with steel or nylon cords are the furthermost expensive part of a conveyor system. However, due to the harsh environments and extreme working conditions, and abrasive nature of the materials transported; the conveyor systems are continuously exposed to heavy wear and impact damage and hence regular maintenance and upkeep play a vital role in increasing the service life of a conveyor belts. Therefore, there is a huge demand for rubber repair adhesives in the conveyor belt application. Rubber repair adhesives are utilized by several end-use industries, such as cement & aggregate, mining & quarrying, steel, and others. The rubber repair adhesives in the mining & quarrying industry estimates for the highest share due to extensive use in conveyor pulleys, belts, and rollers. Moreover, the rubber repair adhesives in the mining & quarrying industry have superior performance assets over mechanical fasteners.
However, volatility in raw material supply availability and pricing along with global economic slowdown due to pandemic corona outbreak might limit growth of the target market over the forecast period
Global Rubber Repair Adhesives Market Segmentations & Regional Insights
Rubber repair adhesives market is segmented based on process, application, end-user, and region.
On the basis of product process, the rubber repair adhesives market is segmented into hot bond and cold bond. Based on application, the target market is segmented into conveyor belts, tanks & vessels, pipes & fittings, and others. Based on end-user, the target market is segmented into mining & quarrying, cement & aggregate, steel, and others.
Regional Insights:
Rubber repair adhesives market accounted for US$ 291.12 million in 2020 and is estimated to be US$ 431.31 million by 2030 and is anticipated to register a CAGR of 4.0%. On region the rubber repair adhesives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-pacific estimated for highest share in the rubber repair adhesives market. The market growth in the region is particularly boosted by the demand from the fast-growing end-use industries. Further, technological advancement and presence of established manufacturers related to the development of rubber repair adhesives products is also propelling growth of the target market in this region. China is the dominating market in the region. China estimates for nearly 50% steel and cement production of in the global market. This results to growth in demand for rubber conveyor belts and their repair adhesives in China
Report Scope:
|
Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Process - Hot Bond and Cold Bond By Application– Conveyor Belts, Tanks & Vessels, Pipes & Fittings, and Others By End-user– Mining & Quarrying, Cement & Aggregate, Steel, and Others |
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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 |
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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 2020 to 2030. For the purpose of this study, has segmented the rubber repair adhesives market report based on process, application, end-user, and region.
Rubber Repair Adhesives Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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-
- U.S.
- Canada
- Middle East & Africa
Global Rubber Repair Adhesives Market Competitive Landscape & Key Players
The key players operating the rubber repair adhesives market includes ORD Corporation, Four thane, 3M, H.B. Fuller Company, Henkel AG & Co. KGaA, Sika AG, Rema Tip Top AG, Belzoni International Ltd., ITW Performance Polymers, and Eli-Chem Resins UK Limited. Prominent companies involved in the target market are adopting various organic and inorganic strategies to expand their foothold in the market.
Global Rubber Repair Adhesives Market Company Profile
- ORD Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Fourthane
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- 3M
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- H.B. Fuller Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Henkel AG & Co. KGaA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sika AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Rema Tip Top AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Belzona International Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ITW Performance Polymers
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Eli-Chem Resins UK Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Rubber Repair Adhesives Market Highlights
FAQs
Rubber repair adhesives market is segmented based on process, application, end-user, and region.
Rubber conveyor belts reinforced with steel or nylon cords are the furthermost expensive part of a conveyor system.
Asia-pacific estimated for highest share in the rubber repair adhesives market.
The key players operating the rubber repair adhesives market includes ORD Corporation, Fourthane, 3M, H.B. Fuller Company, Henkel AG & Co. KGaA, Sika AG, Rema Tip Top AG, Belzona International Ltd., ITW Performance Polymers, and Eli-Chem Resins UK Limited.