Contact Adhesives Market to reach USD 4.6 Billion by 2032, Says Global Market Insights inc.
Contact Adhesives Industry size is expected to register 5.9% CAGR between 2024 and 2032 propelled by increasing construction activities.
Selbyville, Delaware , March 05, 2024 (GLOBE NEWSWIRE) — Contact Adhesives Market size is projected to accumulate USD 4.6 billion by the end of 2032, as per a
Asia Pacific to remain attractive market destination
Asia Pacific contact adhesives market size will exhibit substantial gains during 2023 to 2032. The thriving construction and automotive industries are fueling the demand for contact adhesives in a variety of applications, including the bonding of interior components and insulation materials. Rapid industrialization and urbanization are increasing the demand for effective adhesive solutions in manufacturing and infrastructure projects. The rising disposable incomes and changing lifestyles are further increasing the product demand in furniture and DIY projects across the region. The improvements in product technology and expenditures in R&D are also enhancing the performance and adaptability of contact adhesives for meeting different regional industry requirements.
Contact Adhesives Market Participants
Some of the leading companies operating in the contact adhesives industry include 3M Company, Henkel AG & Co. KGaA, H.B. Fuller Company, Bostik (an Arkema company), Sika AG, Illinois Tool Works Inc, Jowat SE, LORD Corporation, Avery Dennison Corporation, Pidilite Industries Ltd., Mapei Corporation, Ashland Global Holdings Inc., Permabond LLC, Franklin International, Chemique Adhesives Inc. These market players are adopting various business expansion strategies like mergers & acquisitions, partnerships, and launching novel solutions to gain a strong ground over the market. For instance, in June 2022, Toyo-Morton, a prominent Japanese laminating adhesive manufacturer and a member of the Toyo Ink Group, introduced food-safe products to its laminating adhesives portfolio, devoid of epoxy silanes and organic tin compounds.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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