The global contact adhesive market will be close to 20 billion in 2022, with emerging economies being the main force
Contact adhesive is an adhesive that is applied between two adherends and then dried and stacked together to form an adhesive with bonding strength without maintaining pressure. Contact adhesive is a special pressure-sensitive adhesive. Its biggest feature is the bonding effect produced after “contact”. It is widely used in building materials, automobiles, furniture, leather, shoemaking, food packaging and other fields.
Industrial Research Center released “Global and China Engagement in 2023” “In-Depth Research Report on the Type Adhesive Industry” shows that in recent years, the development of the real estate industry as well as the automobile, food and other industries in emerging economies such as Brazil, China, India, and Malaysia has promoted the global contact adhesive industry. The growth of market size. In 2022, the global contact adhesive market size will be close to 20 billion yuan. It is expected that the global contact adhesive market size will reach about 25 billion yuan in 2027, indicating a large market demand.
(1) Emerging economies are the main force in demand growth
In recent years, emerging economies have invested heavily in large-scale infrastructure projects, and the demand for contact adhesives has grown significantly faster than developed countries and regions such as Europe and the United States. Emerging economies are the main drivers of growth in demand for contact adhesives. For example, in the Asia-Pacific region, especially China and India, rapid urbanization, stable economy, booming construction and furniture industries, and continuously developing consumer industries such as automobiles, food, and shoes have provided huge opportunities for the growth of contact adhesive demand in the Asia-Pacific region. development space.
(2) The demand for water-based contact adhesives is growing the fastest
Contact adhesives are divided into solvent-based contact adhesives, water-based contact adhesives and others according to different technical processes. Among them, water-based contact adhesives have good environmental protection, ease of use, high and low temperature resistance and wide applicability, and water-based contact adhesives can also be combined with other additives such as plasticizers, fillers, solvents, defoaming agents, and preservatives. Mixed use, so the demand for water-based contact adhesives has grown the fastest in recent years, and has become the most common contact adhesive product type at present.
(3) Acrylic contact adhesives are widely used and demand is growing rapidly
According to different resin types, contact adhesives are divided into polyurethane contact adhesives, neoprene contact adhesives, acrylate contact adhesives, vinyl resin contact adhesives, etc. Among them, acrylate contact adhesive is polymerized by acrylate and methyl methacrylate monomers. Compared with epoxy resin contact adhesive, it can be used on dirty or poorly treated surfaces, and can be used after curing. Improve its strength. In addition, acrylic contact adhesives also have special effects such as resistance to light aging, temperature resistance, water resistance, and moisture resistance. They are widely used in many industries such as construction, automobiles, book binding, leather, and footwear. The demand has grown very rapidly in recent years. .
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