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Global Contact Adhesives Market 2019-2024: Shifting Focus Towards Water-borne Adhesives
Wednesday, July 24, 2019
DUBLIN, July 24, 2019 /PRNewswire/ -- The "Contact Adhesives Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
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The contact adhesives market is expected to grow at a CAGR of around 5.7% during the forecast period of 2019 - 2024
The major factors driving the growth of the market studied are the growing demand from the automotive industry and robust growth in demand from Asia-Pacific with the growth of the manufacturing sector. On the flipside, volatility in raw material prices, and stringent environmental regulations regarding VOCs are some of the major concerns for the studied market.
-- The neoprene-based segment dominated the market in 2018 and is likely to
grow during the forecast period, owing to the growing demand from
footwear and construction industry.
-- The shifting focus towards water-borne adhesives is likely to provide
opportunities for the studied market during the forecast period.
-- Asia-Pacific dominated the market across the globe, due to robust demand
from the growing industries, such as construction, automotive, footwear,
furniture, and packaging.
Key Market Trends
Footwear Leather Segment to Dominate the Market Demand
-- Footwear leather segment is expected to dominate the demand for contact
adhesives. Contact adhesives are fluid and flexible in nature, and
environment-resistant, which makes it suitable for use in shoe
manufacturing and leatherwork.
-- It can be used for bonding all parts of shoes, including outsoles,
insoles, and uppers, among others.
-- Asia-Pacific stands to be the largest market for shoe industry, owing to
the presence of most populous countries, such as China, and India.
-- Besides, being home to major brands, North America and Europe
contributes significantly to the demand for contact adhesives for
footwear applications.
-- The global footwear industry is experiencing rapid expansion due to
demand for new and innovative footwear products, rising demand with
growing population, increasing sports activities, and increased demand
for sports footwear, which are expected to increase production in the
industry, further driving the demand for contact adhesives.
Asia-Pacific Region to Dominate the Market
-- Asia-Pacific region dominated the global market share in 2018. The
robust demand from industries, such as automotive, construction,
footwear, furniture, and packaging are likely to drive the growth of
contact adhesives in the region.
-- Asia-Pacific countries - China, India, Indonesia, Pakistan, and
Bangladesh, are among the top 10 most populous countries in the world.
Moreover, population in such countries is further increasing
continuously, which is expected to significantly add to the demand for
footwear in the coming years.
-- In China government rolled out massive construction plans, including
making provision for the movement of 250 million people to its new
megacities over the next ten years.
-- In India, the government's investment target of USD 120.5 billion for
developing 27 industrial clusters is expected to boost commercial
construction in the country.
-- China already has numerous airport construction projects under planning
or developing phase. Indian government has also planned to construct 100
new airports by 2032.
-- In addition, residential and commercial construction is also increasing
in the countries, such as Philippines, Vietnam, and Indonesia.
-- Moreover, such robust growth in construction activities, the demand and
production in furniture market is also expected to increase at a robust
rate in the coming years.
-- Countries such as India, Indonesia, Malaysia, and Thailand in the
region, have been witnessing increase in investment & production in the
automotive industry. Besides, China stands to be the largest automotive
producer in the world.
-- Though production declined in China during 2018, the automotive
production is expected to increase in future, driven by the government
and automaker's efforts towards developing and increasing sales of
electronic vehicles.
-- The region is also witnessing fastest growth in the global packaging
industry, where countries, such as China and India has been leading the
market. Factors, such as e-commerce, online food deliveries, and
innovation & development in packaging industry has been driving the
growth of packaging industry in the region.
-- Hence, all such market trends are likely to drive the demand for contact
adhesives in the region during the forecast period.
Competitive Landscape
The contact adhesives market is a fragmented market, where few players account for small share of the market demand. Some of the major players in the market include Sika AG, Henkel AG & Co. KGaA, H.B. Fuller Co, Bostik (Arkema), and 3M, amongst others.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Accelerating Demand from Automotive Industry
4.1.2 Expanding Manufacturing Sector in Asia-Pacific
4.2 Restraints
4.2.1 Volatility in Raw Material Prices
4.2.2 Stringent Environmental Regulations regarding VOCs
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.5 Raw Material Analysis
5 MARKET SEGMENTATION
5.1 Technology
5.1.1 Water-borne
5.1.2 Solvent-borne
5.1.3 Others
5.2 Polymer
5.2.1 Neoprene
5.2.2 SBR
5.2.3 Acrylic Copolymer
5.2.4 Others
5.3 End-User Industry
5.3.1 Consumer Durables
5.3.2 Packaging
5.3.3 Automotive
5.3.4 Furniture
5.3.5 Footwear Leather
5.3.6 Construction
5.3.7 Others
5.4 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 AdCo (UK) Limited
6.4.3 Arkema Group (Bostik Sa)
6.4.4 Collano Adhesives AG
6.4.5 DELO Industrial Adhesives
6.4.6 H.B. Fuller Company
6.4.7 Helmitin Adhesives
6.4.8 Henkel AG & Co. KgaA
6.4.9 Huntsman International LLC
6.4.10 ITW Performance Polymers (Illinois Tool Works Inc.)
6.4.11 Jowat Corporation
6.4.12 Mapei S.p.A
6.4.13 Pyrotek
6.4.14 Sika AG
6.4.15 Dow
6.4.16 Intact Adhesives (KMS Adhesives Ltd.)
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Shifting Focus Towards Water-borne Adhesives
For more information about this report visit https://www.researchandmarkets.com/r/q25ort
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