Summary

Overview
Global Contact Adhesives Market reached US$ 2.95 billion in 2023 and is expected to reach US$ 3.97 billion by 2031, growing with a CAGR of 3.78% during the forecast period 2024-2031.
Contact adhesives, otherwise referred to as contact cement, are adhesive substances that form an immediate bond upon contact between two surfaces coated with adhesive. By applying these adhesives to both surfaces, allowing them to dry, and then combining them, a robust and rapid bond is achieved. They are commonly employed to join materials like as wood, metal, rubber, and plastic.
These adhesives find extensive use in many applications, such as joining laminates, veneers, and ornamental surfaces in the fields of carpentry and furniture production. Furthermore, their extensive application in automobile interiors, shoe manufacturing, and leather products can be attributed to their capacity to create robust, pliable, and durable connections on many materials without the requirement of clamping or extra pressure during the bonding procedure.
The economic expansion in developing countries is anticipated to be the primary factor propelling the market. The growth of the construction industry in Brazil, China, India, and Malaysia has created a need for contact adhesives in emerging nations. Additionally, renovations occupy a significant role in the contact adhesives market. Anticipated growth in the contact adhesives market in these countries is projected to outpace that of established areas due to urbanization and heightened awareness of the advantages of contact adhesives.
Dynamics
Lightweight Material Applications and Cross-Industry Adoption
Contact adhesives are crucial in the automobile sector since they provide the joining of components composed of different materials, therefore preserving their structural integrity and enhancing overall safety. Furthermore, within the construction industry, contact adhesives play a crucial role in connecting materials such as laminates, veneers, and decorative surfaces, therefore producing robust and aesthetically pleasing constructions.
Contact adhesives have experienced a significant surge in demand due to the global transition towards lightweight materials in manufacturing, driven by imperatives such as fuel efficiency and sustainability. Within the automotive sector, where the primary objective is to reduce the weight of vehicles, these adhesives facilitate the connection of lightweight components while preserving structural integrity. This requirement extends to other sectors, such as aerospace, where lightweight yet durable bonding solutions are crucial for enhancing fuel efficiency and operational performance.
Urbanization and Sustainability
Rapid urbanization is a key factor contributing to the substantial growth of the industry, particularly in developing countries. Based on United Nations projections, the world population is expected to reach 9.7 billion by 2050, with a substantial segment living in metropolitan regions.
With the intensification of urbanization, there will be a growing demand for commercial spaces, infrastructure, and residential buildings. Cement adhesive plays a foundational role in building projects, making it a vital element in accommodating the increasing population in metropolitan areas.
Temperature Limitations and Raw Material Volatility
Contact adhesives are subject to temperature resistance limitations, which restrict their usage in applications that need significant stability at high temperatures. This limitation is particularly crucial in sectors like as aerospace and automotive manufacture, where there is a proliferation of high-temperature environments. Due to the need of materials that can withstand severe thermal conditions, temperature resistance limitations hinder the extensive usage of contact adhesives in critical applications within these industries.
Moreover, the industry is heavily reliant on inputs such as resins, solvents, and additives, which are readily subject to fluctuations in the market. Rapid fluctuations in prices exert a significant impact on production costs, so posing challenges for manufacturers in sustaining steady profit margins. Hence, a major challenge encountered by the Contact Adhesives Market is the intrinsic instability in the pricing of raw materials.
Segment Analysis
The global contact adhesives market is segmented based on technology, polymer, end-user and region.
Physical Properties of Contact Adhesives Suitable for Construction Helping it to Dominate the Market
Various characteristics and physical properties of contact adhesives, including excellent cohesion, adhesion, elasticity, high cohesive strength, flexibility, high elastic modulus of substrate, resistance to thermal expansion, environmental resistance to UV light, corrosion, saltwater, rain, and other weathering conditions, make them widely used in the construction industry.
Mostly employed in timber floors and artificial turf, they are characterized by their tendency to crystallize under tension. However, the current market for contact adhesives in the construction industry is anticipated to be impacted due to the decreasing sector in the country, despite its generally stable usage.
Prominent countries seeing significant growth in the construction sector include the United States, China, India, and others. In countries experiencing population growth, there is a corresponding rise in the demand for construction.
Geographical Penetration
Increasing Demand in Major Sectors in Asia-Pacific
The strong demand from major sectors including automotive, construction, footwear, furniture, and packaging is expected to stimulate the expansion of contact adhesives in the region. The subsequent Nations in the Asia-Pacific region, including China, India, Indonesia, Pakistan, and Bangladesh, rank among the top 10 most densely populated countries globally.
Furthermore, the population in these countries is under constant growth, which is projected to greatly contribute to the demand for footwear in the next years. Over the next decade, the Chinese government implemented extensive building initiatives, which included scheduling the relocation of 250 million individuals to its newly developed megacities.
Investment of US$ 120.5 billion by the Indian government to establish 27 industrial clusters is anticipated to stimulate commercial construction in the country. China currently has a multitude of airport construction projects in either the planning or active development stages. Furthermore, the Indian government intends to build 100 additional airports by the year 2032.
Competitive Landscape
The major global players in the market include 3M, AdCo (UK) Limited, Arkema Group (Bostik Sa), Collano Adhesives AG, DELO Industrial Adhesives, H.B. Fuller Company, Helmitin Adhesive, Henkel AG & Co. KgaA, Huntsman International LLC, ITW Performance Polymers (Illinois Tool Works Inc.), Jowat Corporation, Mapei SpA, Pyrotek, Sika AG, Dow
Russia-Ukraine War Impact Analysis
The lengthy dispute between Russia and Ukraine has had a substantial effect on the supply chain for raw materials widely used in contact adhesives, including chemicals and petroleum-derived products. In the realm of glue manufacturing, both Russia and Ukraine hold considerable importance as producers of essential raw materials, notably hydrocarbons. Continuing hostilities have led to shortages, increased transportation costs, and logistical obstacles, compelling manufacturers to increase prices and affecting the global availability of contact adhesives.
Moreover, the implementation of sanctions on Russia and the existing instability in the region have detrimentally impacted trade and economic activity, so affecting the demand for adhesives in crucial sectors such as construction, automotive, and manufacturing, which rely significantly on these commodities. Company exploration of alternative suppliers or relocation of production to new locations has added level of complexity to the global contact adhesive industry.
Technology
• Water-borne
• Solvent-borne
• Other
Polymer
• Neoprene
• SBR
• Acrylic Copolymer
• Other
End-User
• Consumer Durables
• Packaging
• Automotive
• Furniture
• Footwear Leather
• Construction
• Other
By Region
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe
• South America
o Brazil
o Argentina
o Rest of South America
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• In January 2024, 3M introduced Scotch-Mount PSA 4998, a technology specifically developed for attaching electronic components to surfaces that are sensitive to heat. This novel PSA exhibits robust initial adhesion and exceptional high-temperature resistance, rendering it highly suitable for application in the automotive and appliance industries.
• Sika obtained a controlling interest in Loba Chemie AG, a prominent Swiss producer of technical adhesives for the wood and flooring sectors, in December 2023. This acquisition strengthens Sika's leadership in the growing wood adhesives industry.
• In November 2023, Bostik formed a partnership with the French National Research Institute for Agriculture, Food, and the Environment (INRAE) to develop an innovative contact adhesive of bio-based origin, which is produced from renewable resources. The purpose of this partnership is to contribute to the advancement of adhesive solutions that are more ecologically sustainable.
Why Purchase the Report?
• To visualize the global contact adhesives market segmentation based on technology, polymer, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of contact adhesives market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global contact adhesives market report would provide approximately 71 tables, 60 figures, and 230 Pages.
Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

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Table of Contents

1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
3.1. Snippet by Technology
3.2. Snippet by Polymer
3.3. Snippet by End-User
3.4. Snippet by Region
4. Dynamics
4.1. Impacting Factors
4.1.1. Drivers
4.1.1.1. Lightweight Material Applications and Cross-Industry Adoption
4.1.1.2. Urbanization and Sustainability
4.1.2. Restraints
4.1.2.1. Temperature Limitations and Raw Material Volatility
4.1.3. Opportunity
4.1.4. Impact Analysis
5. Industry Analysis
5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion
6. COVID-19 Analysis
6.1. Analysis of COVID-19
6.1.1. Scenario Before COVID-19
6.1.2. Scenario During COVID-19
6.1.3. Scenario Post COVID-19
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. By Technology
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
7.1.2. Market Attractiveness Index, By Technology
7.2. Water-borne *
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Solvent-borne
7.4. Other
8. By Polymer
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Polymer
8.1.2. Market Attractiveness Index, By Polymer
8.2. Neoprene *
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. SBR
8.4. Acrylic Copolymer
8.5. Other
9. By End-User
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
9.1.2. Market Attractiveness Index, By End-User
9.2. Consumer Durables *
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Packaging
9.4. Automotive
9.5. Furniture
9.6. Footwear Leather
9.7. Construction
9.8. Other
10. By Region
10.1. Introduction
10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
10.1.2. Market Attractiveness Index, By Region
10.2. North America
10.2.1. Introduction
10.2.2. Key Region-Specific Dynamics
10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Polymer
10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.2.6.1. US
10.2.6.2. Canada
10.2.6.3. Mexico
10.3. Europe
10.3.1. Introduction
10.3.2. Key Region-Specific Dynamics
10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Polymer
10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.3.6.1. Germany
10.3.6.2. UK
10.3.6.3. France
10.3.6.4. Italy
10.3.6.5. Spain
10.3.6.6. Rest of Europe
10.4. South America
10.4.1. Introduction
10.4.2. Key Region-Specific Dynamics
10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Polymer
10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.4.6.1. Brazil
10.4.6.2. Argentina
10.4.6.3. Rest of South America
10.5. Asia-Pacific
10.5.1. Introduction
10.5.2. Key Region-Specific Dynamics
10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Polymer
10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.5.6.1. China
10.5.6.2. India
10.5.6.3. Japan
10.5.6.4. Australia
10.5.6.5. Rest of Asia-Pacific
10.6. Middle East and Africa
10.6.1. Introduction
10.6.2. Key Region-Specific Dynamics
10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Polymer
10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11. Competitive Landscape
11.1. Competitive Scenario
11.2. Market Positioning/Share Analysis
11.3. Mergers and Acquisitions Analysis
12. Company Profiles
12.1. 3M *
12.1.1. Company Overview
12.1.2. Product Portfolio and Description
12.1.3. Financial Overview
12.1.4. Key Developments
12.2. AdCo (UK) Limited
12.3. Arkema Group (Bostik Sa)
12.4. Collano Adhesives AG
12.5. DELO Industrial Adhesives
12.6. H.B. Fuller Company
12.7. Helmitin Adhesives
12.8. Henkel AG & Co. KgaA
12.9. Huntsman International LLC
12.10. ITW Performance Polymers (Illinois Tool Works Inc.)
12.11. Jowat Corporation
12.12. Mapei SpA
12.13. Pyrotek
12.14. Sika AG
12.15. Dow
LIST NOT EXHAUSTIVE
13. Appendix
13.1. About Us and Services
13.2. Contact Us