How big is the contact adhesives market today, and what are its future growth expectations?
The contact adhesives market size has grown strongly in recent years. It will grow from $3.53 billion in 2024 to $3.76 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to consumer preferences, environmental regulations, increasing awareness of health and environmental issues, fluctuations in raw material prices, and economic conditions.
The contact adhesives market size is expected to see strong growth in the next few years. It will grow to $4.81 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to industrial demand, increased building and renovation projects, geopolitical factors, market consolidation, and distribution channels. Major trends in the forecast period include eco-friendly formulations, advanced performance characteristics, the development of adhesives for high-tech applications, customization and tailored solutions, and smart adhesives.
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What have been the primary factors driving the contact adhesives market’s growth?
The expansion in the building and construction sector is expected to propel the growth of the contact adhesives market going forward. The building and construction sector involves the planning, design, and execution of infrastructure projects such as residential, commercial, and industrial buildings. The building and construction sector is rising due to several reasons, including urbanization, population growth, economic development, and government investments. Contact adhesives enhance the building and construction sector by providing strong, durable bonds for various materials, facilitating quick and efficient installations. For instance, in June 2023, according to the quarterly construction inquiry published by the Northern Ireland Statistics and Research Agency, a UK-based public authority, from the first quarter of 2022 to the first quarter of 2023, the overall construction industry expanded by 6.5%, with the housing sector of construction increasing by 11.1% and the infrastructure subsector by 3.7%. Therefore, the expansion in the building and construction sector is driving the growth of the contact adhesives market.
What are the key segments within the contact adhesives market?
The contact adhesivesmarket covered in this report is segmented –
1) By Type: Solvent-Based, Water-Based, Solvent-Free, Reactive Contact, Hot Melt
2) By Resin Types: Neoprene, Polyurethane, Acrylic, Styrene-Butadiene Rubber (SBR), Other Resin Types
3) By Substrate: Wood-To-Wood, Metal-To-Metal, Plastic-To-Plastic, Fabric-To-Fabric, Multi-Substrate
4) By Application: Construction And Building, Furniture And Woodworking, Automotive And Transportation, Footwear And Leather Goods, Textiles And Fabrics, Electronics And Appliances, Packaging, DIY And Craft, Other Applications
Subsegments:
1) By Solvent-Based: Rubber Solvent-Based Adhesives, Acrylic Solvent-Based Adhesives, Polyurethane Solvent-Based Adhesives
2) By Water-Based: Acrylic Water-Based Adhesives, Polyvinyl Acetate (PVA) Water-Based Adhesives, Polyurethane Water-Based Adhesives
3) By Solvent-Free: Hot Melt Adhesives, Reactive Adhesives
4) By Reactive Contact: Epoxy Reactive Adhesives, Polyurethane Reactive Adhesives
5) By Hot Melt: Ethylene-Vinyl Acetate (EVA) Hot Melt Adhesives, Polyamide Hot Melt Adhesives, Polyurethane Hot Melt Adhesives
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Which key players are shaping the contact adhesives market?
Major companies operating in the contact adhesives market are The Dow Chemical Company, 3M Company, Akzo Nobel N.V., Sika AG, Huntsman Corporation, Wacker Chemie AG, Bostik SA, Pidilite Industries Limited, Tremco Incorporated, Jubilant Industries Ltd., Franklin International Inc., CRC Industries Inc., Jowat SE, RLA Polymers Pty Ltd., Apollo Roofing Solutions LLC, Benson Polymers Ltd., Helmitin Adhesives Inc., Soudal N.V., Chemical Concepts Inc., Mapei S.p.A., Chemique Adhesives Inc., Everbuild Building Products Ltd.
How will emerging trends drive the contact adhesives market throughout the forecast period?
Major companies operating in the contact adhesives market focus on developing innovative products, such as biobased adhesives made from renewable resources, to gain a competitive edge in the market. Biobased adhesives are adhesives derived from renewable resources rather than traditional petrochemical sources. They are designed to be more environmentally friendly and sustainable. For instance, in September 2024, Biophilica Ltd., a UK-based biotechnology company, launched Brightbond, a 100% biobased adhesive that boasts the same bonding performance as traditional PVA adhesives. This 100% biobased adhesive, made from renewable resources, matches the performance of traditional PVA adhesives. It bonds a variety of substrates, including plant-based materials, paper, and textiles, while being non-toxic and environmentally friendly. Its water-based formula dries clear with a slight tint, perfect for aesthetic needs. Developed to address the demand for sustainable manufacturing, it supports a transition to circular, eco-friendly products.
How do regional factors impact the contact adhesives market, and which region is the largest contributor?
Asia-Pacific was the largest region in the contact adhesives market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the contact adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Contact Adhesives Market Report 2025 Offer?
The contact adhesives market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Contact adhesives are a type of adhesive that forms a bond when two coated surfaces are pressed together. They are applied to both surfaces, allowed to dry, and then joined to create a strong, immediate bond. These adhesives are known for their high initial tack and resistance to heat and moisture. Commonly used in industries such as construction and automotive, they are ideal for materials such as wood, metal, and laminates.
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