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Contact Adhesive Market by Resin Type (Neoprene, Polyurethane, Acrylic, SBC), Technology (Solvent-Based, Water-Based), End-use Industry (Woodworking, Leather & Footwear, Automotive, Construction) - Global Forecast to 2022

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Date: 30-Jan-2018
No. of pages: 131
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“The contact adhesives market is projected to grow at a CAGR of 5.15% from 2017 to 2022”

The contact adhesives market is projected to grow from USD 3.87 billion in 2017 to USD 4.97 billion by 2022, at a CAGR of 5.15% between 2017 and 2022. The growing demand for superior adhesives in various applications from end-use industries, such as woodworking, automotive, and construction, is expected to fuel the growth of the contact adhesives market, while stringent regulations by regulatory bodies are expected to restrain the manufacturing of solvent-based contact adhesives globally. For example, health organizations are regulating the use of chemical-based products in applications where human exposure to such chemicals can lead to serious health hazards.

“Automotive is projected to be the fastest-growing application segment of the market during the forecast period”

The automotive segment is expected to be the fastest-growing application segment of the contact adhesives market during the forecast period. Owing to the growing domestic demand, increasing income levels, and easy access to resources, APAC has emerged as the leading consumer as well as producer of automobiles. The demand for contact adhesives from the automotive industry in the Southeast Asian countries, such as the Philippines, Thailand, Singapore, Malaysia, and Vietnam, is increasing. The rising demand for contact adhesives for critical applications in the emerging countries such as India and China is also expected to drive the market.

“Rising demand from Asia Pacific is a key factor expected to drive the growth of the contact adhesives market”

The Asia Pacific region is the largest market for contact adhesives and is expected to witness the highest growth during the forecast period. High economic growth, growth in manufacturing industries, availability of cheap labor, growing end-use markets, and global shift of production facilities from developed markets to emerging markets are some of the key factors driving the contact adhesives market in Asia Pacific.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted.

The break-up of the primary interviews is given below:


  • By Company Type: Tier 1 – 27%, Tier 2 – 46%, and Others – 27%

  • By Designation: C-level – 36%, Director-level – 28%, and Others – 36%

  • By Region: North America – 18%, Europe – 27%, Asia Pacific – 46%, RoW – 9%


Note: Others include sales managers, marketing managers, and product managers.
RoW includes Middle East, Africa and South America

The tiers of companies are defined based on their total revenues in 2015: Tier 1 = >USD 7 billion, Tier 2 = USD 500 million to USD 7 billion and Tier 3 = < USD 500 million.

Key companies profiled in this market research report include Henkel (Germany), 3M (US), Bostik (France), H.B. Fuller (US), Illinois Tool Works (US), Sika (Switzerland), and Pidilite Industries (India), among others.

Research Coverage:

The report covers the market for contact adhesives and its applications across different industry verticals and regions. It aims at estimating the market size and potential of the contact adhesives market across different formulating technologies, types, end-use industries, and regions. The report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

Reasons to buy the Report

The report will help market leaders/new entrants by providing them the closest approximations of revenues in the contact adhesives market. This report will also help stakeholders better understand the market’s competitive landscape and gain insights to position their businesses and formulate market strategies. The report will also help stakeholders understand the pulse of the market, and acquire information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:


  • Market Penetration: Comprehensive information on contact adhesives offered by top market players

  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the contact adhesives market

  • Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for contact adhesives across varied regions

  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the contact adhesives market

  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the contact adhesives market

Contact Adhesive Market by Resin Type (Neoprene, Polyurethane, Acrylic, SBC), Technology (Solvent-Based, Water-Based), End-use Industry (Woodworking, Leather & Footwear, Automotive, Construction) - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Contact Adhesives Market
4.2 Contact Adhesives Market Growth By Resin Type
4.3 Contact Adhesives Market in APAC By End-Use Industry and Country
4.4 Market Growth Attractiveness
4.5 Emerging Markets are Estimated to Grow at A Faster Rate Than Mature Markets

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in New Construction Activities
5.2.1.2 Renovation and Remodeling Activities
5.2.1.3 Growth in the Emerging Economies Such as APAC, the Middle East & Africa, and South America
5.2.2 Restraints
5.2.2.1 Increasing Use of Steel and Metal in Manufacturing Furniture
5.2.3 Opportunities
5.2.3.1 Demand for Low-Voc Adhesives
5.2.3.2 Increase in the Export From the APAC Countries
5.2.4 Challenges
5.2.4.1 Volatility in Raw Material Prices
5.2.4.2 Stringent Regulations
5.3 Porter’s Five Forces Analysis
5.3.1 Intensity of Competitive Rivalry
5.3.2 Bargaining Power of Buyers
5.3.3 Bargaining Power of Suppliers
5.3.4 Threat of Substitutes
5.3.5 Threat of New Entrants

6 Macro Economic Overview and Key Trends
6.1 Trends and Forecast of GDP
6.2 Production Statistics for the Automotive Industry
6.3 Trends and Forecast of the Construction Industry

7 Contact Adhesives Market, By Technology
7.1 Introduction
7.2 Solvent-Based
7.3 Water-Based

8 Contact Adhesives Market, By Type
8.1 Introduction
8.2 Neoprene
8.3 Polyurethane
8.4 Acrylic
8.5 Styrene Butadiene Copolymer (SBC)
8.6 Others

9 Contact Adhesives Market, By End-Use Industry
9.1 Introduction
9.2 Woodworking
9.3 Automotive
9.4 Leather & Footwear
9.5 Construction
9.6 Others

10 Contact Adhesives Market, By Region
10.1 Introduction
10.2 North America
10.2.1 North American Contact Adhesives Market, By Resin Type
10.2.2 North American Contact Adhesives Market, By Technology
10.2.3 North American Contact Adhesives Market, By End-Use Industry
10.2.4 North American Contact Adhesives Market, By Country
10.2.4.1 US
10.2.4.2 Canada
10.2.4.3 Mexico
10.3 Europe
10.3.1 European Contact Adhesives Market, By Resin Type
10.3.2 European Contact Adhesives Market, By Technology
10.3.3 European Contact Adhesives Market, By End-Use Industry
10.3.4 European Contact Adhesives Market, By Country
10.3.4.1 Germany
10.3.4.2 France
10.3.4.3 UK
10.3.4.4 Russia
10.3.4.5 Italy
10.3.4.6 Turkey
10.3.4.7 Rest of Europe
10.4 APAC
10.4.1 APAC Contact Adhesives Market, By Resin Type
10.4.2 APAC Contact Adhesives Market, By Technology
10.4.3 APAC Contact Adhesives Market, By End-Use Industry
10.4.4 APAC Contact Adhesives Market, By Country
10.4.4.1 China
10.4.4.2 India
10.4.4.3 Japan
10.4.4.4 South Korea
10.4.4.5 Thailand
10.4.4.6 Taiwan
10.4.4.7 Malaysia
10.4.4.8 Rest of APAC
10.5 South America
10.5.1 South American Contact Adhesives Market, By Resin Type
10.5.2 South American Contact Adhesives Market, By Technology
10.5.3 South American Contact Adhesives Market, By End-Use Industry
10.5.4 South American Contact Adhesives Market, By Country
10.5.4.1 Brazil
10.5.4.2 Argentina
10.5.4.3 Colombia
10.5.4.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Middle East & African Contact Adhesives Market, By Resin Type
10.6.2 Middle East & African Contact Adhesives Market, By Technology
10.6.3 Middle East & African Contact Adhesives Market, By End-Use Industry
10.6.4 Middle East & African Contact Adhesives Market, By Country
10.6.4.1 UAE
10.6.4.2 Saudi Arabia
10.6.4.3 South Africa

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking of Key Players
11.3 Competitive Scenario
11.3.1 New Product Launches
11.3.2 Mergers & Acquisitions
11.3.3 Investments & Expansions

12 Company Profiles
(Overview, Financial*, Products & Services, Strategy, and Developments)
12.1 3M Company
12.2 Henkel
12.3 H.B. Fuller
12.4 Bostik
12.5 Sika
12.6 Illinois Tool Works (ITW)
12.7 Huntsman International
12.8 Pidilite Industries Limited
12.9 Jubilant Industries
12.10 Royal Adhesives & Sealants
12.11 Other Key Companies
12.11.1 Lord Corporation
12.11.2 Ashland Inc.
12.11.3 Permabond LLC.
12.11.4 Hernon Manufacturing, Inc.
12.11.5 Master Bond Inc.
12.11.6 Delo Industrial Adhesives, LLC
12.11.7 Dymax Corporation
12.11.8 Mapei Corporation
12.11.9 Uniseal Inc.
12.11.10 Parson Adhesives, Inc.
12.11.11 Scigrip
12.11.12 Loxeal Engineering Adhesives
12.11.13 Scott Bader Company Ltd.
12.11.14 Hexcel Corporation

*Details Might Not Be Captured in Case of Unlisted Companies

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: ‘Marketsandmarkets’ Subscription Portal
13.3 Introducing RT: Real-Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 Contact Adhesives Market Snapshot
Table 2 Trends and Forecast of GDP (Annual Percentage Change)
Table 3 North America: Production Statistics of the Automotive Industry, By Country
Table 4 Europe: Production Statistics of the Automotive Industry, By Country
Table 5 APAC: Production Statistics of the Automotive Industry, By Country
Table 6 Construction Industry Spending in North America, By Country, USD Billion (2014–2021)
Table 7 Construction Industry Spending in Europe, By Country, USD Billion (2014–2021)
Table 8 Construction Industry Spending in APAC, By Country, USD Billion (2014–2021)
Table 9 Construction Industry Spending in the Middle East & Africa, USD Billion (2014–2021)
Table 10 Construction Industry Spending in South America, USD Billion (2014–2021)
Table 11 Contact Adhesives Market Size, By Technology, 2015—2022 (USD Million)
Table 12 Contact Adhesives Market Size, By Technology, 2015—2022 (Kiloton)
Table 13 Contact Adhesives Market Size for Solvent-Based Technology, By Region, 2015—2022 (USD Million)
Table 14 Contact Adhesives Market Size for Solvent-Based Technology, By Region, 2015—2022 (Kiloton)
Table 15 Contact Adhesives Market Size for Water-Based Technology, By Region, 2015—2022 (USD Million)
Table 16 Contact Adhesives Market Size for Water-Based Technology, By Region, 2015—2022 (Kiloton)
Table 17 Contact Adhesives Market Size, By Resin Type, 2015—2022 (USD Million)
Table 18 Contact Adhesives Market Size, By Resin Type, 2015—2022 (Kiloton)
Table 19 Neoprene-Based Contact Adhesives Market Size, By Region, 2015—2022 (USD Million)
Table 20 Neoprene-Based Contact Adhesives Market Size, By Region, 2015—2022 (Kiloton)
Table 21 Polyurethane-Based Contact Adhesives Market Size, By Region, 2015—2022 (USD Million)
Table 22 Polyurethane-Based Contact Adhesives Market Size, By Region, 2015—2022 (Kiloton)
Table 23 Acrylic-Based Contact Adhesives Market Size, By Region, 2015—2022 (USD Million)
Table 24 Acrylic-Based Contact Adhesives Market Size, By Region, 2015—2022 (Kiloton)
Table 25 SBC-Based Contact Adhesives Market Size, By Region, 2015—2022 (USD Million)
Table 26 SBC-Based Contact Adhesives Market Size, By Region, 2015—2022 (Kiloton)
Table 27 Other Resins-Based Contact Adhesives Market Size, By Region, 2015—2022 (USD Million)
Table 28 Other Resins-Based Contact Adhesives Market Size, By Region, 2015—2022 (Kiloton)
Table 29 Contact Adhesives Market Size, By End-Use Industry, 2015—2022 (USD Million)
Table 30 Contact Adhesives Market Size, By End-Use Industry, 2015—2022 (Kiloton)
Table 31 Contact Adhesives Market Size in Woodworking, By Region, 2015—2022 (USD Million)
Table 32 Contact Adhesives Market Size in Woodworking, By Region, 2015—2022 (Kiloton)
Table 33 Contact Adhesives Market Size in Automotive, By Region, 2015—2022 (USD Million)
Table 34 Contact Adhesives Market Size in Automotive, By Region, 2015—2022 (Kiloton)
Table 35 Contact Adhesives Market Size in Leather & Footwear, By Region, 2015—2022 (USD Million)
Table 36 Contact Adhesives Market Size in Leather & Footwear, By Region, 2015—2022 (Kiloton)
Table 37 Contact Adhesives Market Size in Construction, By Region, 2015—2022 (USD Million)
Table 38 Contact Adhesives Market Size in Construction, By Region, 2015—2022 (Kiloton)
Table 39 Contact Adhesives Market Size in Other End-Use Industries, By Region, 2015—2022 (USD Million)
Table 40 Contact Adhesives Market Size in Other End-Use Industries, By Region, 2015—2022 (Kiloton)
Table 41 Contact Adhesives Market Size, By Region, 2015—2022 (USD Million)
Table 42 Contact Adhesives Market Size, By Region, 2015—2022 (Kiloton)
Table 43 North America: Contact Adhesives Market Size, By Resin Type, 2015—2022 (USD Million)
Table 44 North America: Contact Adhesives Market Size, By Resin Type, 2015—2022 (Kiloton)
Table 45 North America: Contact Adhesives Market Size, By Technology, 2015—2022 (USD Million)
Table 46 North America: Contact Adhesives Market Size, By Technology, 2015—2022 (Kiloton)
Table 47 North America: Contact Adhesives Market Size, By End-Use Industry, 2015—2022 (USD Million)
Table 48 North America: Contact Adhesives Market Size, By End-Use Industry, 2015—2022 (Kiloton)
Table 49 North America: Contact Adhesives Market Size, By Country, 2015—2022 (USD Million)
Table 50 North America: Contact Adhesives Market Size, By Country, 2015—2022 (Kiloton)
Table 51 Europe: Contact Adhesives Market Size, By Resin Type, 2015—2022 (USD Million)
Table 52 Europe: Contact Adhesives Market Size, By Resin Type, 2015—2022 (Kiloton)
Table 53 Europe: Contact Adhesives Market Size, By Technology, 2015—2022 (USD Million)
Table 54 Europe: Contact Adhesives Market Size, By Technology, 2015—2022 (Kiloton)
Table 55 Europe: Contact Adhesives Market Size, By End-Use Industry, 2015—2022 (USD Million)
Table 56 Europe: Contact Adhesives Market Size, By End-Use Industry, 2015—2022 (Kiloton)
Table 57 Europe: Contact Adhesives Market Size, By Country, 2015—2022(USD Million)
Table 58 Europe: Contact Adhesives Market Size, By Country, 2015—2022 (Kiloton)
Table 59 APAC: Contact Adhesives Market Size, By Resin Type, 2015—2022 (USD Million)
Table 60 APAC: Contact Adhesives Market Size, By Resin Type, 2015—2022 (Kiloton)
Table 61 APAC: Contact Adhesives Market Size, By Technology, 2015—2022 (USD Million)
Table 62 APAC: Contact Adhesives Market Size, By Technology, 2015—2022 (Kiloton)
Table 63 APAC: Contact Adhesives Market Size, By End-Use Industry, 2015—2022 (USD Million)
Table 64 APAC: Contact Adhesives Market Size, By End-Use Industry, 2015—2022 (Kiloton)
Table 65 APAC: Contact Adhesives Market Size, By Country, 2015—2022 (USD Million)
Table 66 APAC: Contact Adhesives Market Size, By Country, 2015—2022 (Kiloton)
Table 67 South America: Contact Adhesives Market Size, By Resin Type, 2015—2022 (USD Million)
Table 68 South America: Contact Adhesives Market Size, By Resin Type, 2015—2022 (Kiloton)
Table 69 South America: Contact Adhesives Market Size, By Technology, 2015—2022 (USD Million)
Table 70 South America: Contact Adhesives Market Size, By Technology, 2015—2022 (Kiloton)
Table 71 South America: Contact Adhesives Market Size, By End-Use Industry,  2015—2022 (USD Million)
Table 72 South America: Contact Adhesives Market Size, By End-Use Industry,  2015—2022 (Kiloton)
Table 73 South America: Contact Adhesives Market Size, By Country, 2015—2022 (USD Million)
Table 74 South America: Contact Adhesives Market Size, By Country, 2015—2022 (Kiloton)
Table 75 Middle East & Africa: Contact Adhesives Market Size, By Resin Type, 2015—2022 (USD Million)
Table 76 Middle East & Africa: Contact Adhesives Market Size, By Resin Type, 2015—2022 (Kiloton)
Table 77 Middle East & Africa: Contact Adhesives Market Size, By Technology, 2015—2022 (USD Million)
Table 78 Middle East & Africa: Contact Adhesives Market Size, By Technology, 2015—2022 (Kiloton)
Table 79 Middle East & Africa: Contact Adhesives Market Size, By End-Use Industry,  2015—2022 (USD Million)
Table 80 Middle East & Africa: Contact Adhesives Market Size, By End-Use Industry,  2015—2022 (Kiloton)
Table 81 Middle East & Africa: Contact Adhesives Market Size, By Country,  2015—2022 (USD Million)
Table 82 Middle East & Africa: Contact Adhesives Market Size, By Country, 2015—2022 (Kiloton)
Table 83 Market Ranking of Top 4 Players
Table 84 New Product Launches, 2012–2017
Table 85 Mergers & Acquisitions, 2012–2017
Table 86 Investments & Expansions, 2012–2017

List of Figures

Figure 1 Contact Adhesives Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Contact Adhesives Market: Data Triangulation
Figure 5 APAC to Dominate the Contact Adhesives Market During the Forecast Period
Figure 6 Neoprene-Based Contact Adhesive to Dominate the Market During the Forecast Period
Figure 7 Solvent-Based to Be the Dominating Technology for Contact Adhesives
Figure 8 Automotive to Be the Fastest-Growing End-Use Industry of Contact Adhesives
Figure 9 APAC to Be the Fastest-Growing Market for Contact Adhesives
Figure 10 High Demand From the Automotive Industry in the Developing Countries Driving the Contact Adhesives Market
Figure 11 Neoprene to Be the Dominating Resin Type of Contact Adhesives
Figure 12 Woodworking Was the Largest End-Use Industry of Contact Adhesives in 2016
Figure 13 India to Be the Fastest-Growing Market for Contact Adhesives
Figure 14 Emerging Markets vs Mature Markets
Figure 15 Factors Governing the Contact Adhesives Market
Figure 16 Porter’s Five Forces Analysis
Figure 17 Solvent-Based Technology to Dominate the Market During the Forecast Period
Figure 18 Neoprene to Be the Dominating Resin Type of Contact Adhesives
Figure 19 APAC Accounted for the Largest Share Across All Types of Contact Adhesives in 2016
Figure 20 High Growth in End-Use Industries to Drive the Contact Adhesives Market
Figure 21 Automotive to Be the Fastest-Growing End-Use Industry of Contact Adhesives
Figure 22 Regional Snapshot: Contact Adhesives Market in APAC Countries to Register the Highest Growth Rate
Figure 23 APAC to Be the Fastest-Growing Contact Adhesives Market for All Resin Types
Figure 24 APAC: Hotspot for All Contact Adhesive Technologies
Figure 25 APAC to Be the Fastest-Growing Contact Adhesives Market in All End-Use Industries
Figure 26 APAC Accounted for the Largest Share Across All End-Use Industries of Contact Adhesives in 2017
Figure 27 North America: Contact Adhesives Market Snapshot
Figure 28 Europe: Contact Adhesives Market Snapshot
Figure 29 APAC: Contact Adhesives Market Snapshot
Figure 30 Companies Adopted Various Development Strategies Between 2012 and 2017
Figure 31 3M: Company Snapshot
Figure 32 Henkel: Company Snapshot
Figure 33 H.B. Fuller: Company Snapshot
Figure 34 Bostik: Company Snapshot
Figure 35 Sika: Company Snapshot
Figure 36 ITW: Company Snapshot
Figure 37 Huntsman: Company Snapshot
Figure 38 Pidilite Industries: Company Snapshot
Figure 39 Jubilant Industries: Company Snapshot

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