Global Contact Adhesive Market size is valued at USD 3.72 billion in 2018 and it is anticipated to expand at a CAGR of 5.99 % during the forecast period that is 2018-2025. The market growth majorly demands by widely used in various end-use in industries, due to innovative efforts have further enhanced the efficiency of these chemicals. The significance of this chemical industry includes the development of apparel industries due to an increase in demand for consumers and growth in population. On the region basis the Asia Pacific held the largest market share in 2018 and is expected to show continue growing regional economy during the forecast period.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global contact adhesive market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global contact adhesive market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By End-User Insights: This market is focusing based on the end-user industry, including packaging, footwear leather, consumer durables, furniture, construction, and automotive. Approaching contact adhesives are requiring for the footwear leather market. It can be used for the attachment of every boot, including outsoles, insoles, and uppers. The global footwear market is rapidly expanding, due to the demand for new and creative footwear products and increasing demand for the increasingly widespread use of contact adhesives. Contact adhesives are elastic, versatile in nature, and environmentally friendly. Due to the presence of the most populated states, such as China and India, Asia Pacific has been the largest customer for the footwear industry.
By Resin Type Insights: Polyurethane, acrylic, styrene-butadiene copolymer, and neoprene is a resin type of contact adhesive. A flexible, solvent-based adhesive is a neoprene high-performance contact adhesive. It is very durable, high heat-resistant, and is widely used to connect most metals and plastics. Such adhesion is to plastics and metals like sheet metal, stainless steel. It is also ideal for large surface panels and composites lamination. It offers excellent resistance to heat and water. The uses include composite metal honeycomb panels, durable wood panels in stainless steel, and woodwork.
The global contact adhesive market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In 2018, the Asia Pacific occupied the world's market share. Comprehensive growth from industries including car, building, shoeing, furnishings, and packaging is expected to drive the production of contact adhesives in the area and are one of the world's fastest-growing countries in the subsequent Asia Pacific, including China, India, and Bangladesh. Also, the population in these countries is constantly increasing, which will increase the demand for shoes dramatically in the coming years. Industrial clusters are required to promote the commercial development of the Indian government's investment objective. In North America and Europe, the need for contact adhesives has risen as construction and maintenance initiatives are growing.
Global Contact Adhesive Market Size, Share Analysis By Region 2018
Global Contact Adhesive Market Study Objective
1. To forecast the market size of the contact adhesive market in terms of quantity and income as well as market possibilities for shareholders, along with defining and identifying the market, in order to provide a competitive landscape for worldwide market players.
2. Contact adhesive market analysis and forecast based on region, substratum, and implementation or end-use industries. Profiling significant market players and comprehensively analyzing their market stocks and vital skills.
3. To evaluate and elaborate important variables that will have an important effect on edge analytics market growth, such as drivers, constraints, difficulties, and prospects.
4. Contact adhesive market regional assessment to stimulate the size of the market of five main worldwide areas, including Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic assessment of micro markets in terms of individual prospects, possibilities, trends in development and general market participation.
6. To provide a detailed examination of competitive and strategic trends on the contact adhesive market such as a fresh product launch, partnership & contract, investment & development, and mergers & acquisitions of companies.
Key Players Landscape
3M, Arkema Group, Royal Adhesives & Sealants LLC, Henkel AG & Co., Wilsonart LLC., and others are some of the key players in the market of contact adhesive. Not only are industries struggling with the value and advancement of products, but they are also focusing on major steps to achieve higher business stocks, such as fusions and purchases.
Global Contact Adhesive Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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