Contact Adhesives Market by Application and Geography - Forecast and Analysis 2022-2026
| Published: Sep 2022 | Pages: 132 | SKU: IRTNTR74099 |
The contact adhesives market share is expected to increase by USD 1.43 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.44%.
This contact adhesives market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers contact adhesives market segmentation by application (woodworking, automotive, footwear and leather, construction, and others) and geography (APAC, Europe, North America, the Middle East and Africa, and South America). The contact adhesives market report also offers information on several market vendors, including 3M Co., American Chemical and Adhesives LLC, Avery Dennison Corp., Buhnen GmbH and Co. KG, Collano AG, Costchem SRL, Franklin International, H.B. Fuller Co., Henkel AG, and Co. KGaA, Hexion Inc., Huntsman International LLC, Intertape Polymer Group Inc., Jowat SE, LINTEC Corp., Parker Hannifin Corp., Pidilite Industries Ltd., Sika AG, Tex Year Industries Inc, The Dow Chemical Co., and Wacker Chemie AG among others.
What will the Contact Adhesives Market Size be During the Forecast Period?
Download Report Sample to Unlock the Contact Adhesives Market Size for the Forecast Period and Other Important Statistics
Contact Adhesives Market: Key Drivers, Trends, and Challenges
The increasing replacement of mechanical fasteners with contact adhesives is notably driving the contact adhesives market growth, although factors such as volatile raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the contact adhesives industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.
Key Contact Adhesives Market Driver
The increasing replacement of mechanical fasteners with contact adhesives is one of the major drivers impacting the contact adhesives market growth. Manufacturers are using adhesives in contact applications, owing to their superior product performance and better operation when compared with conventional procedures. The use of contact adhesives eliminates the corrosion associated with the joining of dissimilar metals with different galvanic potential, such as the joining of steel with aluminum. Also, these adhesives require lesser heat input when compared with welding and soldering and reduce the damage to products when rivets or screws are used to join parts and components in various industrial applications. Adhesive bonding is an effective alternative to welding, which offers a better-finished appearance, stress distribution, and better strength performance. Such advantages of contact adhesives are expected to increase their demand during the forecast period.
Key Contact Adhesives Market Trend
Increasing adoption of sustainable products is one of the major trends influencing the contact adhesives market growth. The favorable policies by government bodies on the use of bio-adhesives in consumer and industrial applications are expected to lead to the growth of the contact adhesives market during the forecast period. Regulatory bodies such as the EU and the Food and Drug Administration (FDA) have imposed strict regulations to reduce the consumption of synthetic adhesives, particularly in food contact materials, which will significantly drive the demand in the bio-adhesives market in various end-user applications, particularly in food and beverage packaging. Such factors are expected to drive the growth of the market focus during the forecast period.
Key Contact Adhesives Market Challenge
Volatile raw material price is one of the major challenges impeding the contact adhesives market growth. Contact adhesives are composed of natural or synthetic rubber and have a rubber basis, which helps in bond glass, mirror, ceramics, leather, fabric, many plastics, wood, concrete, stone, and metal-to-porous surfaces. Most polymers are obtained through the energy-intensive process of polymerization. Thus, there is a direct link between crude oil prices and the price and availability of a variety of polymers. In 2020, the spike in March caused by the COVID-19 outbreak and the following global lockdowns was reversed in April, when the demand for the raw materials needed to make adhesives dropped to a multi-year low. The lockdowns resulted in the cancellation/delay of isocyanate and polyol orders, negatively impacting the growth of the global contact adhesive market. The fluctuating prices of raw materials are expected to hinder the growth of the global contact adhesives market during the forecast period.
This contact adhesives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global contact adhesives market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the contact adhesives market during the forecast period.
Who are the Major Contact Adhesives Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- 3M Co.
- American Chemical and Adhesives LLC
- Avery Dennison Corp.
- Buhnen GmbH and Co. KG
- Collano AG
- Costchem SRL
- Franklin International
- H.B. Fuller Co.
- Henkel AG and Co. KGaA
- Hexion Inc.
- Huntsman International LLC
- Intertape Polymer Group Inc.
- Jowat SE
- LINTEC Corp.
- Parker Hannifin Corp.
- Pidilite Industries Ltd.
- Sika AG
- Tex Year Industries Inc
- The Dow Chemical Co.
- Wacker Chemie AG
This statistical study of the contact adhesives market encompasses successful business strategies deployed by the key vendors. The contact adhesives market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The contact adhesives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Contact Adhesives Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the contact adhesives market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Contact Adhesives Market?
For more insights on the market share of various regions Request PDF Sample now!
52% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the contact adhesives market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Increased demand for contact adhesives will facilitate the contact adhesives market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 severely affected several countries in APAC, such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines. Stringent lockdowns were imposed to prevent the community transmission of the disease. As a result, various companies and manufacturing units witnessed production scarcity, which hampered the growth of the regional market in focus in 2020 and the first half of 2021.
What are the Revenue-generating Application Segments in the Contact Adhesives Market?
To gain further insights on the market contribution of various segments Request a PDF Sample
The contact adhesives market share growth in the woodworking segment will be significant during the forecast period. The woodworking segment is expected to witness maximum growth during the forecast period owing to the wide range of applications of contact adhesives in waterproofing, tiling, carpeting, insulation, wall, and coverings.
This report provides an accurate prediction of the contribution of all the segments to the growth of the contact adhesives market size and actionable market insights on the post-COVID-19 impact on each segment.
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Contact Adhesives Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.44% |
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Market growth 2022-2026 |
$ 1.43 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.8 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 52% |
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Key consumer countries |
US, China, India, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
3M Co., American Chemical and Adhesives LLC, Avery Dennison Corp., Buhnen GmbH and Co. KG, Collano AG, Costchem SRL, Franklin International, H.B. Fuller Co., Henkel AG and Co. KGaA, Hexion Inc., Huntsman International LLC, Intertape Polymer Group Inc., Jowat SE, LINTEC Corp., Parker Hannifin Corp., Pidilite Industries Ltd., Sika AG, Tex Year Industries Inc, The Dow Chemical Co., and Wacker Chemie AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Contact Adhesives Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive contact adhesives market growth during the next five years
- Precise estimation of the contact adhesives market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the contact adhesives industry across APAC, Europe, North America, Middle East, Africa, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of contact adhesives market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Woodworking - Market size and forecast 2021-2026
- Exhibit 28: Chart on Woodworking - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Woodworking - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Woodworking - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Woodworking - Year-over-year growth 2021-2026 (%)
- 5.4 Automotive - Market size and forecast 2021-2026
- Exhibit 32: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Automotive - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
- 5.5 Footwear and leather - Market size and forecast 2021-2026
- Exhibit 36: Chart on Footwear and leather - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Footwear and leather - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Footwear and leather - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Footwear and leather - Year-over-year growth 2021-2026 (%)
- 5.6 Construction - Market size and forecast 2021-2026
- Exhibit 40: Chart on Construction - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Construction - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Construction - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Construction - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by Application
- Exhibit 48: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 62: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 India - Market size and forecast 2021-2026
- Exhibit 90: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 3M Co.
- Exhibit 101: 3M Co. - Overview
- Exhibit 102: 3M Co. - Business segments
- Exhibit 103: 3M Co. - Key news
- Exhibit 104: 3M Co. - Key offerings
- Exhibit 105: 3M Co. - Segment focus
- 10.4 Buhnen GmbH and Co. KG
- Exhibit 106: Buhnen GmbH and Co. KG - Overview
- Exhibit 107: Buhnen GmbH and Co. KG - Product / Service
- Exhibit 108: Buhnen GmbH and Co. KG - Key offerings
- 10.5 Collano AG
- Exhibit 109: Collano AG - Overview
- Exhibit 110: Collano AG - Product / Service
- Exhibit 111: Collano AG - Key offerings
- 10.6 Franklin International
- Exhibit 112: Franklin International - Overview
- Exhibit 113: Franklin International - Product / Service
- Exhibit 114: Franklin International - Key offerings
- 10.7 H.B. Fuller Co.
- Exhibit 115: H.B. Fuller Co. - Overview
- Exhibit 116: H.B. Fuller Co. - Business segments
- Exhibit 117: H.B. Fuller Co. - Key news
- Exhibit 118: H.B. Fuller Co. - Key offerings
- Exhibit 119: H.B. Fuller Co. - Segment focus
- 10.8 Henkel AG and Co. KGaA
- Exhibit 120: Henkel AG and Co. KGaA - Overview
- Exhibit 121: Henkel AG and Co. KGaA - Business segments
- Exhibit 122: Henkel AG and Co. KGaA - Key news
- Exhibit 123: Henkel AG and Co. KGaA - Key offerings
- Exhibit 124: Henkel AG and Co. KGaA - Segment focus
- 10.9 Hexion Inc.
- Exhibit 125: Hexion Inc. - Overview
- Exhibit 126: Hexion Inc. - Business segments
- Exhibit 127: Hexion Inc. - Key news
- Exhibit 128: Hexion Inc. - Key offerings
- Exhibit 129: Hexion Inc. - Segment focus
- 10.10 Intertape Polymer Group Inc.
- Exhibit 130: Intertape Polymer Group Inc. - Overview
- Exhibit 131: Intertape Polymer Group Inc. - Product / Service
- Exhibit 132: Intertape Polymer Group Inc. - Key offerings
- 10.11 Jowat SE
- Exhibit 133: Jowat SE - Overview
- Exhibit 134: Jowat SE - Product / Service
- Exhibit 135: Jowat SE - Key offerings
- 10.12 The Dow Chemical Co.
- Exhibit 136: The Dow Chemical Co. - Overview
- Exhibit 137: The Dow Chemical Co. - Business segments
- Exhibit 138: The Dow Chemical Co. - Key news
- Exhibit 139: The Dow Chemical Co. - Key offerings
- Exhibit 140: The Dow Chemical Co. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 141: Inclusions checklist
- Exhibit 142: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 143: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 144: Research methodology
- Exhibit 145: Validation techniques employed for market sizing
- Exhibit 146: Information sources
- 11.5 List of abbreviations
- Exhibit 147: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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contact adhesives market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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