Market Overview:

The Contact Adhesives Market size is estimated to reach $4.1 billion by 2030, growing at a CAGR of 5.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled,Contact Adhesives Market – By Technology (Solvent-borne, Water-borne, Others), By Resin Type (Epoxy, Polyurethane (PUR), Acrylic, Plastisol, Fluoropolymer, Others), By End User (Wood Working, Automotive, Leather & Footwear, Construction, Packaging, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”. The rising demand for Contact Adhesives in automotive and construction sectors, along with their growing use in high-strength bonding and durable applications, are key drivers of market expansion for the Contact Adhesives industry during the forecast period.

Asia Pacific Dominated the Market in 2023

APAC region dominated the Contact Adhesives market with a share of more than 35%, followed by North America and Europe. The growing aviation and automotive industries across the region are contributing to the growth of the contact adhesives market in the APAC region. According to OICA, APAC automotive sales witnessed a growth of over 6.52% during 2024-2030, with Southeast Asian countries having huge potential to grow. Additionally, the growing demand and sales of electric vehicles in China, South Korea, Japan, and India are also driving the growth of the 
APAC region in the global market.

Contact Adhesives Market: Key Takeaways

The solvent-borne segment held the largest market share. The solvent-borne segment held the largest share of more than 35% in the Contact Adhesives market in 2023 due to being widely used in various adhesive applications including retail consumer (DIY), construction, footwear, and woodwork and joinery. The pressure-sensitive and the specialty of forming a high-performance bond to a broader range of substrates drives the demand for solvent-borne contact adhesives over the forecast period. Whereas, due to stringent environmental regulations across the United States and Europe and the presence of significant amounts of volatile organic compounds (VOCs) in solvent-borne adhesives compared to water-borne contact adhesives, restraint the growth of this segment in the global contact adhesives market during the forecast period. 

The Packaging Segment to Hold Largest Market Share 

The packaging segment is projected to witness substantial growth of CAGR 6.3% over the forecast period owing to the increased urbanization and growing consumer preferences for packaged food. The growth of the e-commerce sector is also contributing to the growth of the packaging segment, which in turn drives the growth of the global contact adhesive industry market over the forecast period. Additionally, the more fast-paced and on-the-go lifestyle of consumers, growing middle-class income, and rise in demand for single-use packaging products with environment-friendly further propels the growth of this market. Whereas, more stringent norms and regulations are driven by consumer food safety is also impacting contact adhesive. Furthermore, the growing need to fight with the global food waste battle drives the demand for packaging that keeps the food products fresh for a longer time and can be easily resealed. 

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Rising Use of Contact Adhesives in Sustainable Packaging Solutions

The Contact Adhesives market is also benefiting from its application in sustainable packaging solutions. Contact Adhesives-derived starches and fibers are increasingly being explored as eco-friendly alternatives to traditional packaging materials. As consumers and businesses shift towards reducing their environmental impact, Contact Adhesives-based biodegradable packaging materials offer a renewable and sustainable option, aligning with the global push for greener and more eco-conscious products.

Scope of the Report: 

Report Metric 

Details 

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

5.5%

Market Size in 2030

$4.1 billion

Segments Covered

By Technology, By Resin Type, By End User, and By Region

Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Market Players

1. Henkel Adhesives Technologies India Private Limited 

2. 3M 

3. H.B. Fuller Company 

4. Sika AG 

5. Pidilite Industries Limited 

6. Huntsman International LLC 

7. Arkema S.A. (Bostik) 

8. Loxeal Engineering Adhesive 

9. Illinois Tool Works 

10. Ashland Inc.


Contact Adhesives Market: Competitive Landscape

Key companies profiled in the Contact Adhesives Market are Henkel Adhesives Technologies India Private Limited, 3M, H.B. Fuller Company  and others.

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IndustryARC
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