Contact Adhesives are usually based on solvent solutions of neoprene traditionally applied to both surfaces to be bonded, and two surfaces may be joined to form a strong bond with high resistance to shearing force. According to BlueQuark Research & Consulting, the global Contact Adhesives market is expected to witness a significant growth rate during the forecasted period. Factors like the ability to bond themselves as dry adhesives films with high initial strength have increased the usage in the construction sector, thereby expected to drive the global contact Adhesives market in the forecasted period. Further, the robust demand for Contact Adhesives across several end-use industrial verticals, growing applications scope such as the automotive industry in the forecasted period. Furthermore, volatility in raw material prices and stringent environmental regulations regarding VOCs is thus expected to drive the global Contact Adhesives market in the forecasted period. Neoprene provides various resistant properties like a tear, abrasion, solvent, and oil aging weather resistance. However, the rising usage of steel and metal in manufacturing furniture is significant to hinder the widening of the contact adhesives market in the forecasted period.

Contact adhesives are used extensively in assembling automotive parts, furniture, leather goods, and decorative laminates. These are effective in the bonding of plastics.

The building and construction industry is the prime user of Contact Adhesive and is projected to drive the global Contact Adhesives market. The properties of Contact Adhesives comprise resistance from thermal expansion, quick resistance to corrosion, and weathering conditions, high cohesive strength, the elastic modulus of a substrate, and environmental resistance, especially from UV light, which makes it extensively useful for applications in building and construction industry. In building and construction, contact adhesives are used for carpet laying, countertop lamination, drywall lamination, roofing, wall coverings, and resilient flooring. In building and construction, the Contact Adhesive is used for carpet laying, countertop lamination, drywall lamination, roofing, wall coverings, and resistant flooring, among others. They are mostly used in wooden flooring and artificial turf due to their property of strain crystallization. The use of Contact adhesives in the construction sector is considered steady. The increase in new construction activities and numerous advantages and features presented by Contact Adhesive, such as moisture resistance and temperature resistance, are also anticipated to act as a significant growth driver fueling the market's growth. The traditional joining adhesives such as riveting, soldering, welding, and screwing are being replaced by modern and next-generation adhesive systems. The hybrid adhesives and adhesive sealants were evolved based on alternative raw materials. Compared to the usual PUR construction and assembly adhesives, which consist of classified ingredients, the COSMO HD-Adhesives provide alternative systems for users with a reliable consciousness of environmental issues. The rise of renovation activities is expected to accelerate the market's economy. Further, with such robust growth in construction activities, the demand and production in the furniture market are anticipated to increase at a substantial rate in the forecasted period.

The Asia Pacific region dominated the global market shares. The robust demand from industries such as automotive, construction, footwear, furniture, and packaging, is likely to drive the growth of Contact Adhesives in the region. Contact adhesives are manufactured in either solvent-based systems or water-based systems. Raw materials (base polymers) utilized to produce contact adhesives include polychloroprene, polyurethane, acrylic polymers, styrene-butadiene rubber, butyl rubber, and natural rubber. The crude material and its grade and composition vary according to the end-use application of the adhesives. Based on the mode of application, the contact adhesives market is divided into spraying, curtain coating, roller coating, and brushing. Spraying is the most widely utilized model of application of adhesives. Roller and curtain coatings are employed for flat sheets. Easy and fast adhesion, versatility in adhesion to materials, high strength, flexible bonds, and resistance to aging, heat, oils, and chemicals are the driving factors of the contact adhesives market. Solvent-based adhesive systems are preferred over water-based systems due to their greater strength and durability. The automotive & production capacity sales have constantly increased over the last decade as growing industrialization & globalization, particularly in developing economies. In the automotive industry, an increase in expenditure by consumers & a shifting trend towards a high standard & comfortable lifestyle have increased the need for vehicles and shifted from welding activities of engine parts assembly to Contact Adhesives. Ongoing efforts in the automotive industry to replace the metal component with composites to improve fuel - efficiency are projected to propel Contact Adhesives market growth during the forecast period. The rising environmental awareness among consumers and stringent ecological norms from developed & developing regions drive the demand for contact adhesives with low volatile organic compounds (VOC) emitting material like water-borne adhesives. Contact Adhesives can bond large areas of non-porous substrates due to their high initial strength, making them ideal for various laminating applications in auto-adhesion and flexible packaging of paper boards.

In November 2019, Bostik launched Born2Bond, a new range of innovative engineering adhesives for various applications such as automotive, electronics, luxury packaging, and medical devices. The company has introduced this new creative product due to the environmental and health, and safety regulations and the rising need for a more adaptable and faster-curing process from various industries.

Some market's key players are Henkel, H. B. Fuller, Arkema, 3M, Sika AG, Huntsman Corporation, and RPM International Inc.

In 2019, Chemique Adhesives announced the launch of its new polyurethane compound called Bondseal 1128, which is used for sealing and bonding applications in various industries, including commercial, transport, and construction.

Global Contact Adhesives Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Contact Adhesives Market by segmenting based on Polymer (Neoprene, SBR, Acrylic Copolymer, Others), Technology (Water-Borne, Solvent-Borne, Others), End-User Industries (Construction, Automobile, Footwear, Packaging, Furniture, Others). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.