Contact Adhesives Market Scope
Adhesive material is used to create bond between two surfaces. Depending on the material this connections can be soluble or insoluble. Contact Adhesive also known as semi-structural adhesive, is one of the most popular adhesive material as it provides high strength. Contact Adhesives are used for binding of materials such as paper & board, wood, leather, fabric, metal, rubber, glass, ceramic, and plastic and as it has wide range of applications in different sectors, its demand is at peak level. Contact Adhesive is able to withstand rapid changes in temperature, moisture, and vibrations. These adhesives are usually preferred for products with large surface area.
According to AMA, the Global Contact Adhesives market is expected to see growth rate of 5.13% Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Contact Adhesives market throughout the predicted period.
3M (United States), Henkel (Germany), Wilsonart (United States), Selleys (Australia), Bostik (United States), ALCOLIN (South Africa), Sika (switzerland ), Ashland(United States), Dymax Corporation(United States), Permabond Engineering Adhesives (United States), Dow Chemical Company (United States), Bohle Group(Europe), KIWO (North America) and ThreeBond Holdings (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Covestro AG (Germany), Genkem (South Africa), UHU (Germany), K-FLEX (United States), Uzin (Germany), James Walker (United Kingdom) and Newstar Adhesives (United States)..
Segmentation Overview
The study have segmented the market of Global Contact Adhesives market by Type (Neoprene, Polyurethane, Acrylic, SBC and Others), by Application (Woodworking, Automotive, Leather & Footwear, Construction and Others) and Region with country level break-up.
On the basis of geography, the market of Contact Adhesives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
water & heat resistant and Available in spray form
Market Growth Drivers:
Increasing Demands and Product Innovation in automotive industry and Growing packaged food industries
Challenges:
Availability of the substitutes
Restraints:
Durability is less and Large number of competitors
Opportunities:
Surface Mounting Applications are increasing rapidly and Continuous increasing demand from APAC Countries
Regulatory bodies listed as ASC, EPA and OEM are working to put proper rules and regulation in production, distribution and maintain quality, so as to make product more convenient to the customer.
Key Target Audience
Manufacturer, Raw material supplier, Channel partners, Industry Association, Governments and investment communities and Research organizations and associations
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.