Rubber repair adhesives are adhesives that are used for the maintenance and repairing of rubber. Such adhesives are mostly used in the mining & quarrying industry for the repair of conveyor belts, pulleys, and rollers. These adhesives provide protection against wear, impact, and abrasion, have high mechanical strength, high elasticity, among other such features.
MARKET SCOPE
The "Global Rubber Repair Adhesive Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the rubber repair adhesive market with detailed market segmentation by process, application, end use industry, and geography. The report provides key statistics on the market status of the leading rubber repair adhesive market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on the process, the global rubber repair adhesive market is segmented into hot bond and cold bond.
- Based on application, the global rubber repair adhesive market is segmented into conveyor belt, tanks and vessels, pipes and fittings, and others.
- Based on end use industry, the global rubber repair adhesive market is segmented into mining and quarrying, cement and aggregates, steel, and others.
MARKET DYNAMICS
Drivers:
- The growing construction industry across the world has increased the demand for cement and aggregates which has led to an increased demand for rubber repair adhesives.
- The conveyor systems used in various industries are constantly exposed to heavy wear and tear which causes various damages. Hence, regular maintenance and repair plays a vital role in increasing the service life of a conveyor belts. Thus, there is a high demand for rubber repair adhesives in the conveyor belt application.
Restraints:
- However, volatility in raw material prices and supply availability is anticipated to hamper the global rubber repair adhesives market in the near future
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The rubber repair adhesive market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the rubber repair adhesive market in these regions.
IMPACT OF COVID-19 ON RUBBER REPAIR ADHESIVE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the chemical and material industry in various countries due to lockdowns, travel bans, and business shutdowns. Due to the lockdown implemented across various countries, the manufacturing units were closed which had a negative impact on rubber repair adhesive market. Along with this, the disruptions in supply chain of raw materials and key components has had a negative impact on the rubber repair adhesive market.
MARKET PLAYERS
The report covers key developments in the rubber repair adhesive market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from rubber repair adhesive market are anticipated to provide lucrative growth opportunities in the future with the rising demand for rubber repair adhesive in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the rubber repair adhesive market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M
- ASGCO
- ASTRAL ADHESIVES
- Bostik
- Eli-Chem Resins UK Limited
- H.B. Fuller Company.
- Henkel Adhesives Technologies
- ITW Performance Polymers
- Parker Hannifin Corp
- Permabond
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.