Global Rubber Repair Adhesives Market
The GMI Research forecasts that the Rubber Repair Adhesives Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rise in the demand from mining & quarrying, cement & aggregate, and steel industries.
Introduction of the Rubber Repair Adhesives Market:
Rubber repair adhesives are chemical fixatives that are mainly applied to repair rubber-based materials, including conveyor belts, pulleys, tanks, rollers, automotive hoses, seals, and gaskets. They offer prevention against abrasion, tear, fast cold-curing, enhanced mechanical strength, high elasticity, preservation against erosion & corrosion, and excellent adhesion to a wide range of rubber-based substrates. These adhesives are gaining prominence in diverse end-use industries, including mining, cement, steel, automotive, quarrying, and other industries.
Key Players of the Global Rubber Repair Adhesives Market:
- Parker Hannifin Corporation
- Sika AG
- Henkel AG & Co. KGaA
- ITW Performance Polymers
- Eli-Chem Resins UK Limited
- Fourthane
- 3M Company
- B. Fuller Company
- Belzona International Ltd.
- Rema Tip Top AG
Rubber Repair Adhesives Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The rubber repair market is projected to witness robust growth in the near future. Growth in the market is mainly because of their surging demand across various industries such as mining, steel, quarrying, aggregate, and cement industry, along with the mounting private and government allowance resulting in the enlargement of the construction sector. Conveyor belts are implemented in several industries, including mining & quarrying, cement & aggregate, agriculture, milling to transport bulk materials such as grains, ore, coal, sand, and cement, which requires consistent repair and maintenance of the rubber conveyor belts. Thus, rubber repair adhesives are mainly employed in the repair and maintenance of rubber conveyor belts, expected to drive market growth. However, fluctuation in raw material prices will hamper market growth. Moreover, the widespread outbreak of the coronavirus pandemic originated in China caused a global economic slowdown. China, the leading producer of steel, will influence the growth of rubber conveyor belts and their repair adhesives in the Asia-pacific region, including China, which further will curb the rubber repair market share.
Rubber Repair Adhesives Market Segmentation:
Segmentation by Process
- Hot Bond
- Cold Bond
Segmentation by Application
- Conveyor Belts
- Tanks & Vessels
- Pipes & Fittings
- Others
Segmentation by End-Use Industry
- Mining & Quarrying
- Cement & Aggregate
- Steel
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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