Rubber Repair Adhesives Market

Rubber Repair Adhesives Market Size (2023-2028)

The Rubber Repair Adhesives Market is supposed to grow at a CAGR of 6% owing to its high demand in the packaging industry in the forecast period of 2023-2028

Drivers and Restraints in Rubber Repair Adhesives Market:

Rising demands for personal care and hygiene products are a driving factor to promote the Rubber repair adhesives industry in the North American, European, and Asia-Pacific regions, as they are widely used in the packaging and manufacturing industry, and with the pandemic, the packaging industry is one of the few which has grown. The COVID-19 pandemic has augmented the call for hygiene products as a preventive measure against the spread of the virus. The Paper industry also has wide implications for rubber repair adhesives in the form of laminations etc. Rubber repair adhesives are also used in industrial products such as the construction of corrugated boxes and in recent times this has been one of the growth factors of the industry. Rubber repair adhesives are highly regarded for protection against wear, abrasion, and impact, fast cold-curing, excellent adhesion to a wide variety of substrates, better mechanical strength, high elasticity, protection against erosion and corrosion, and easy application. As a consequence of that, rubber repair adhesives are gaining popularity in diverse applications.

The rapid expansion of the global construction sector due to private and government funding is igniting the demand for rubber repair adhesives used in the cement & aggregate industry for the repair and maintenance of conveyor belts, pulleys, and rollers. Consequently, increasing demand for rubber repair adhesives from different industry verticals such as cement, aggregate, and mining-quarrying industries is supposed to boost the global rubber repair adhesives market during the outlook period. The rubber repair adhesives technique is extremely useful and is growing at a high rate but at the same time, it is costly.. The business also needs to invest a lot in research and development to keep improving the quality of the polymers to meet the standard demands, which is in line with the environmental regulations. The availability of raw materials can also act as a hindrance to growth.

RUBBER REPAIR ADHESIVES MARKET REPORT COVERAGE:

Rubber Repair Adhesives Market Segmentation as per the research report until 2028.

Rubber Repair Adhesives Market - By Process:

• ^{Hot Bond}

• ^{Cold Bond} 

Rubber Repair Adhesives Market - By Application:

• Building and Construction

• Paper and Boards

• Woodwork

• Cement

• Mining

• Conveyer Belt

The conveyor belt application is the largest shareholder in the rubber repair adhesives market in terms of value. Rubber conveyor belts reinforced with cords of nylon or steel are the most expensive part of a conveyor system. Despite this expense, due to the extreme working conditions, harsh environments, and abrasive nature of the materials transported, these systems are constantly exposed to heavy wear and impact damage, and therefore, regular maintenance and upkeep play a crucial role in increasing the service life of conveyor belts. As a result, there is a high demand for rubber repair adhesives in the conveyor belt application.

Rubber Repair Adhesives Market - By Region:

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

Asia Pacific region (APAC) is expected to dominate the global rubber repair adhesives market in terms of value during the forecasted period of 2020 to 2025. Previously, it led the rubber repair adhesives market due to the presence of established mining & quarrying, cement & aggregate, and steel end-use industries in the region. The abovementioned industries utilize rubber repair adhesives based on conveyor belts, pulleys, and rollers. The North American region is the second-largest market for rubber repair adhesives. In North America, the USA is expected to dominate the market.

Key Market Players involved In the Rubber repair adhesives Market:

1. 3M

2. Arkema Group

3. Henkel AG & Co.

4. Sika AG

5. DOW

Impact of COVID-19 on the Global Rubber repair adhesives Market:

Coronavirus has exposed severe challenges to the repair adhesives market by impacting its associated end-user industries. Major economies around the world are affected due to this pandemic. The Rubber repair adhesives market, however, saw a diminutive growth in this period owing to the increased demand for the packaging industry. However, decreased construction and mining activities have resulted in low demand that has negatively impacted the industry. More investments are being made toward bio-based rubber repair adhesives to reduce the harmful environmental effects of their synthetic counterparts. Post the pandemic, the market is supposed to grow at a similar rate if not more at a CAGR of 4-5%.