TAGS: Waterborne Adhesives Solvent borne Adhesives Polyurethane Adhesives
Research and Markets (RM) anticipates that the global contact adhesives market size is projected to grow from USD 2.8 billion in 2023 to USD 3.5 billion in 2028, at a CAGR of 4.3%. The advancements in adhesives production are mostly determined by the raw materials, technology, and applications to which they cater.
The demand for raw materials in terms of finished product attributes and ease of processing is always growing. Solvent-based and water-based methods are essential in the production of contact adhesives. These technologies are also preferred by manufacturers since they save process time and expenditure.
In North America and Europe, there is a strong push to replace solvents and solvent-based adhesives in order to reduce VOC emissions. As a result, the need for water-based and reactive adhesives has increased.
Water-based Segment Expected to Register Highest Market Share
Water-based contact adhesive is a type of adhesive that is intended for use in areas where the use of flammable solvents is forbidden or restricted. Because water-based contact adhesive is non-flammable, it provides a safer alternative to solvent-based adhesives.
It has very little VOC and VHAP, making it a more ecologically friendly solution. Water-based contact adhesive appears white but dries clear, resulting in a better surface. It is a strong adhesive that may be used for a range of tasks, including gluing decorative laminates to substrates.
PU Resin to Register Highest CAGR
Polyurethane-based adhesives are robust due to the creation of polyurethane, which is produced by reacting a polyol with an isocyanate. To generate the repeated urethane bond, the isocyanate group interacts with the hydroxyl group of polyols. The structural bonding and sealing of vehicle windscreens is the most important use of polyurethane contact adhesives.
They are also particularly successful in large-area metal and composite panel bonding.
Contact adhesives based on thermoplastic polyurethane have several uses in industrial and domestic settings. They may attach varied substrates such as metals, plastics, rubbers, glassware, ceramics, and woods because to their strong polarity and hydrogen bonding between the polyurethane and the substrate. Because of the isocyanate group's particular reactivity, polyurethane may be tailored to a variety of purposes.
Highest Growth in Europe
In terms of value, Europe is the third-largest contact adhesives market, accounting for 17.3% in 2022. The Registration, Evaluation, Authorization, and Restriction of Chemical Substances (REACH) regulation governs the European market, monitoring and issuing guidelines to preserve the environment and avoid health dangers caused by chemicals.
REACH's strict regulatory framework has resulted in a continuous decrease in the usage of high VOC-emitting contact adhesives. The European contact adhesives market is also influenced by changes in raw material availability, as well as raw material and energy costs.
Source: Research and Markets