A new market analysis indicates steady growth in the global contact adhesives market, projecting an expansion from USD 2,780.5 million in 2023 to USD 4,296.2 million by 2031, exhibiting a CAGR of 5.67% during the forecast period of 2024-2031. The market value is estimated to be USD 2,920.4 million in 2024. This significant growth is primarily driven by the consistent demand for contact adhesives across key end-use industries, including construction, automotive, woodworking, and leather & footwear.
Read Complete Report Details: https://www.kingsresearch.com/contact-adhesives-market-1956
The comprehensive report analyzes the global contact adhesives market, segmenting it by technology (water-based, solvent-based), by type (neoprene, polyurethane, acrylic, SBC, others), by end-use industry (construction, automotive, woodworking, leather & footwear, others), and regional landscape. This detailed segmentation provides valuable insights into the market's dynamics and emerging trends.
Key drivers fueling the market's expansion include:
-
Strong Demand in the Construction Industry: Contact adhesives are widely used in various construction applications, such as bonding laminates, countertops, and insulation materials.
-
Growing Use in the Automotive Sector: They play a crucial role in bonding interior and exterior components in vehicles.
-
Consistent Application in Woodworking: Contact adhesives are essential for bonding veneers, laminates, and other materials in furniture manufacturing and woodworking applications.
-
Vital Role in Leather and Footwear Manufacturing: They are extensively used in the production of shoes, bags, and other leather goods.
-
Versatility Across Multiple Industries: Contact adhesives offer strong and durable bonds on a variety of substrates, making them suitable for numerous other industrial applications.
The report also highlights key market trends:
-
Dominance of Solvent-Based Technology: Solvent-based contact adhesives are known for their strong initial tack and high bond strength, maintaining a significant market share.
-
Increasing Adoption of Water-Based Adhesives: Growing environmental concerns and stricter regulations regarding volatile organic compounds (VOCs) are driving the adoption of water-based contact adhesives.
-
Growing Popularity of Neoprene-Based Adhesives: Neoprene-based contact adhesives offer excellent adhesion and flexibility, making them suitable for a wide range of applications.
-
Development of High-Performance and Specialized Adhesives: Manufacturers are continuously developing advanced contact adhesives with enhanced properties such as higher temperature resistance and faster curing times.
-
Regional Variations in Technology Preference: The preference for water-based or solvent-based contact adhesives can vary across different regions based on regulations and end-user requirements.
This report offers a strategic overview of the global contact adhesives market, providing valuable insights for adhesive manufacturers, raw material suppliers, and end-users across the construction, automotive, woodworking, and leather & footwear industries seeking reliable bonding solutions.
About Kings Research
Kings Research is a leading market research and consulting firm that provides comprehensive market intelligence and strategic insights to businesses across various industries.
