Market Size of Contact Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Contact Adhesives Market Analysis
The contact adhesives market is expected to register a CAGR of around 5%, during the forecast period. The major factors driving the growth of the market studied is the robust growth in demand from Asia-Pacific, with the growth of the manufacturing sector. On the flipside, volatility in raw material pricesand stringent environmental regulations regarding VOCs are some of the major concerns for the studied market.
- The neoprene-based segment dominated the market. It is likely to grow during the forecast period, owing to the rising demand from the footwear and construction industry.
- The shifting focus towardwater-borne adhesives is likely to provide opportunities for the studied market, during the forecast period.
- Asia-Pacific dominated the global market, due to robust demand from the growing industries, such as construction, automotive, footwear, furniture, and packaging.
