Global Contact Adhesives Market Insights Forecasts to 2033

• The Global Contact Adhesives Market Size was Valued at USD 3.10 Billion in 2023.
• The Market Size is Growing at a CAGR of 5.1% From 2023 to 2033.
• The Worldwide Contact Adhesives Market Size is Expected to Reach USD 5.12 Billion by 2033.
• Asia-Pacific Expected to Grow the Fastest during the Forecast period.

The Global Contact Adhesives Market Size is Anticipated to Exceed USD 5.12 Billion by 2033, Growing at a CAGR of 5.1% From 2023 to 2033.

Market Overview

High-strength material bonding is accomplished by the use of contact adhesives. Another term for the same substance is semi-structural adhesive. Contact adhesives are evenly applied to the surfaces of both substrates that are going to be bonded. A little amount of pressure is used after the glue has dried from solvent evaporation, giving it a high initial strength. It is quite difficult to separate the joined surfaces since the adhesives dry fast. Therefore, it is essential to properly organize the materials on their surfaces before applying the adhesives. The adhesives are resistant to sudden changes in temperature, moisture, and vibration. Materials including wood, paper and board, metal, glass, plastic, leather, ceramics, and cloth may all be joined together with contact adhesives. The most popular technique for applying adhesives is spraying, and these adhesives are recommended for goods with vast surface areas. Coatings for rollers and curtains are applied on flat sheets. The contact adhesives market may be divided into several end-use industries, such as furniture, footwear, building & construction, automotive, and others. Growing economies and a growing need for eco-friendly products are driving the market for contact adhesives. The woodworking industry's increasing use of contact adhesives is probably going to create new opportunities for the market.

Report Coverage

This research report categorizes the market for the global contact adhesives market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global contact adhesives market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global contact adhesives market.

Driving Factors

The contact adhesives market is propelled by the material's high strength, resistance to age, heat, oils, and chemicals, as well as its quick and easy adherence. The worldwide market for contact adhesives is also driven by evolving business infrastructure, rising automotive needs, and technological advancements. The construction, automotive, leather and footwear, and woodworking sectors will all have potential to grow as more people become aware of the benefits of adhesives. Additionally, the market for contact adhesives will grow due to the rising demand for wood floors, windows, doors, and furniture.

Restraining Factors

The contact adhesives market's predicted expansion would be limited by the increased usage of steel and metal in furniture production. Government and organizational restrictions have an impact on the market and can affect the production and use of contact adhesives. Environmental rules play a major role in controlling the adhesives and sealants business in North America. These regulations oversee product marketing and monitoring. The market may be saturated in some areas, which would limit the possibility of market expansion.

Market Segmentation

The Global Contact Adhesives Market share is classified into type, substrate, application

• The water-based segment is expected to hold the largest share of the global contact adhesives market during the forecast period.   

Based on the type, the global contact adhesives market is divided into solvent-based, water-based, hot melt, reactive contact, solvent-free, and others. Among these, the water-based segment is expected to hold the largest share of the contact adhesives market during the forecast period. This is because water-based adhesives can be further compounded with plasticizers, fillers, solvents, deformers, and preservatives. They also frequently contain water-soluble protective colloids such as poly (vinyl alcohol) or 2-hydroxyethyl cellulose ether. They are low in toxicity, color, and odor, and they tolerate heat and cold well together. The tools needed to implement them are inexpensive and simple to use. They are also fairly steady and reasonably priced. Water-based contact adhesives are becoming more widely used in many industries and are considered to be ecologically friendly.

• The wood-to-wood segment is expected to grow at the greatest pace in the global contact adhesives market during the forecast period.    

Based on the substrate, the global contact adhesives market is divided into wood-to-wood, plastic-to-plastic, metal-to-metal, multi-substrate, fabric-to-fabric, and others. Among these, the wood-to-wood segment is expected to grow at the greatest pace in the contact adhesives market during the forecast period. This is because the wood-to-wood segment is so versatile and easy to apply, it is the main method of bonding wood in furniture building and carpentry. The wood-to-wood market sector has significant development potential and is being propelled by the rising need for adhesives in the furniture, cabinetry, and woodworking industries.

• The construction segment is expected to grow at the greatest pace in the global contact adhesives market during the forecast period.

Based on the application, the global contact adhesives market is divided into woodworking, construction, footwear and leather, automotive, and others. Among these, the construction segment is expected to grow at the greatest pace in the contact adhesives market during the forecast period. This is because, in the construction industry, contact adhesives are used for wall coverings, ornamental panels, and bonding materials in both indoor and outdoor environments. Therefore, it is expected that the provision of high-quality services and the increasing use of contact adhesives will accelerate the market growth.

Regional Segment Analysis of the Global Contact Adhesives Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global contact adhesives market over the predicted timeframe.

North America is anticipated to hold the largest share of the global contact adhesives market over the predicted timeframe. Due to several variables, the North American region currently maintains the greatest share of the worldwide contact adhesive market. The increased need for contact adhesives in end-user sectors including aerospace, automotive, packaging, and footwear has made the United States the region's largest market. The United States holds a prominent position in the region due in part to the existence of the largest aerospace, car, packaging, and footwear markets in comparison to other nations. Furthermore, the strong trend in the nation's residential building market is anticipated to raise demand for contact adhesives. In addition, the growth of the housing and commercial sectors, in addition to having a robust production base, are important drivers of contact adhesive demand in North America.

Asia Pacific is expected to grow at the fastest pace in the global contact adhesives market during the forecast period. Due to several reasons, the contact adhesive market in the Asia Pacific region is expanding at the fastest pace in the world. The market for contact adhesives in the area has grown significantly in recent years due to the region's growing construction industry, growing industrialization, and rising demand from the packaging and automotive industries. The growth of the housing and commercial sectors, together with expanding industries like automotive leather and footwear, is driving the contact adhesive market in the Asia Pacific region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global contact adhesives along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 3M Company
• Chemique Adhesives Inc.
• Henkel AG & Co. KGaA
• Permabond LLC
• H.B. Fuller Company
• Mapei Corporation
• Bostik
• Sika AG
• Jowat SE
• Illinois Tool Works Inc
• LORD Corporation
• Avery Dennison Corporation
• Pidilite Industries Ltd.
• Ashland Global Holdings Inc.
• Franklin International

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In July 2023, the H.B. Fuller Company purchased Adhezion Biomedical, a privately held American medical adhesives company with over 35 international certifications, 105 patents, and clients in 40 countries.

• In January 2023, Henkel is broadening its selection of active alignment adhesives specifically designed for ADAS sensors, which are crucial for accuracy and superior sensor dependability, with the introduction of Loctite 3296, a new dual-cure adhesive. The new product is specifically made to attach very well to aluminum and FR4, and it offers a very high cure depth after only a few seconds of exposure to UV light.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Contact Adhesives Market based on the below-mentioned segments: 

Global Contact Adhesives Market, By Type

• Solvent-Based
• Water-Based
• Hot Melt
• Reactive Contact
• Solvent-Free
• Others

Global Contact Adhesives Market, By Substrate

• Wood-to-Wood
• Plastic-to-Plastic
• Metal-to-Metal
• Multi-Substrate
• Fabric-to-Fabric
• Others

Global Contact Adhesives Market, By Application

• Woodworking
• Construction
• Footwear and Leather
• Automotive
• Others

Global Contact Adhesives Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa