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The contact adhesives market size is forecast to increase by USD 1.15 billion at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing replacement of mechanical fasteners with adhesives in various industries. Acrylic and Styrene Butadiene Copolymer (SBC) are popular types of contact adhesives, widely used in building and construction, footwear and leather, and aerospace sectors. The market is also witnessing an upward trend in the adoption of sustainable contact adhesives due to growing environmental concerns. However, the volatile raw material prices pose a challenge to market growth. Acrylic-based adhesives, for instance, rely heavily on acrylonitrile and butadiene, whose prices can fluctuate significantly. Similarly, SBC adhesives depend on styrene and butadiene, which are subject to price volatility. Despite these challenges, the market is expected to continue its growth trajectory, driven by the benefits of contact adhesives over traditional fasteners, such as improved bond strength, reduced installation time, and enhanced productivity.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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