Contact Adhesives Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only!
LONDON, GREATER LONDON, UNITED KINGDOM, November 26, 2024 /EINPresswire.com/ -- The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—limited time only!
Following a resilient growth trend, the contact adhesives market size is setting foundations to expand from $3.32 billion in 2023 to $3.53 billion in 2024, delivering a compound annual growth rate CAGR of 6.3%. This significant growth is triggered by factors such as varying consumer preferences, stringent environmental regulations, enhanced awareness of health and environmental concerns, fluctuations in raw material prices, and economic conditions.
What Is Foreseen for the Contact Adhesives Market?
The contact adhesives market is expected to witness an exciting phase of robust growth, amassing a bounty of $4.53 billion by 2028, continuing its enthusiastic CAGR at 6.4%. This anticipated acceleration is primarily attributed to industrial demand, rise in building and renovation projects, geopolitical factors, market consolidation, and evolving distribution channels. Heading towards the future, eco-friendly formulations, advanced performance characteristics, the development of adhesives for high-tech applications, customization and tailored solutions, and smart adhesives are expected to be the forerunning trends.
Understand the Market Dynamics with a Detailed Sample Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=19012&type=smp
What Is Driving The Contact Adhesive Market Growth?
Driven by the rising incidence of sleep apnea, a disorder causing interrupted breathing during sleep resulting in fragmented rest and low oxygen levels, the continuous positive airway pressure CPAP mask market has also been experiencing noteworthy growth. Numerous factors, such as obesity, increased awareness, and certain lifestyle habits, are prompting the rise of sleep apnea. Therefore, it is estimated that the CPAP mask, which facilitates steady airflow to prevent pauses in breathing during sleep, will be in increasing demand. According to the American Medical Association, in April 2022, approximately 30 million US individuals were impacted by sleep apnea, with 6 million cases officially diagnosed, indicating a promising potential for the CPAP mask market.
Get the Full Contact Adhesives Market Report: https://www.thebusinessresearchcompany.com/report/contact-adhesives-global-market-report
In the competitive landscape of the contact adhesives market, major companies are generating innovative products, such as biobased adhesives created from renewable resources, to achieve a competitive edge. As opposed to traditional petrochemical sources, these biobased adhesives aim for more sustainable and environment-friendly solutions. In this context, Biophilica Ltd., a UK-based biotechnology company, launched a 100% biobased adhesive, Brightbond, in September 2024, matching the bonding performance of traditional PVA adhesives. Made entirely from renewable resources, Brightbond is being hailed for its non-toxicity and environmental friendliness, and its focus on sustainable manufacturing is expected to support the transition to circular, eco-friendly products.
The Contact Adhesives Market Segments -
1 By Type: Solvent-Based, Water-Based, Solvent-Free, Reactive Contact, Hot Melt
2 By Resin Types: Neoprene, Polyurethane, Acrylic, Styrene-Butadiene Rubber SBR, Other Resin Types
3 By Substrate: Wood-To-Wood, Metal-To-Metal, Plastic-To-Plastic, Fabric-To-Fabric, Multi-Substrate
4 By Application: Construction And Building, Furniture And Woodworking, Automotive And Transportation, Footwear And Leather Goods, Textiles And Fabrics, Electronics And Appliances, Packaging, DIY And Craft, Other Applications
Browse Through More Similar Reports By The Business Research Company:
Adhesives Global Market Report 2024
Hot-Melt-Based Adhesives Global Market Report 2024
Solvent-Based Adhesives Global Market Report 2024
Learn More About The Business Research Company
Learn More About The Business Research Company. With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
X
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
