Jun 8, 2020   SOURCE: BusinessWire

Rubber Repair Adhesives Market by Process, Application, End-use Industry, Region - Global Forecast to 2025 - ResearchAndMarkets.com

The "Rubber Repair Adhesives Market by Process (Hot Bond, Cold Bond), Application (Conveyor Belts, Tanks & Vessels, Pipes & Fittings, and Others), End-use Industry (Mining & Quarrying, Cement & Aggregate, Steel and Others), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The rubber repair adhesives market is projected to register a CAGR of 4.0%, in terms of value, between 2020 and 2025. The global market size of these adhesives was USD 281.0 million in 2019 and is projected to reach USD 354.2 million by 2025.

In many industries such as mining & quarrying, cement & aggregate, and steel industries, rubber repair adhesives have a high demand for repairing rubber conveyor belts, pulleys and rubber linings of tanks & vessels, pulleys, and rollers.

Cement & aggregate is the fastest-growing end-use industry of rubber repair adhesives in terms of value.

The cement & aggregate end-use industry dominated the global rubber repair adhesives market. The cement & aggregate industry is the major indicator of the global construction industry. The construction sector has a high demand for cement & aggregates globally. As the global construction sector is growing at a burgeoning rate owing to private and government funding, there is a high demand for cement & aggregate industry and rubber repair adhesive used in the cement & aggregate industry.

Rubber repair adhesives used in the hot bond process are the faster-growing segment of the market in terms of value.

Rubber repair adhesives used in the hot bond process for repair of conveyor belts application have high demand from the global mining & quarrying, cement & aggregate and steel industries for repairing conveyor belts. This is owing to their superior performance and non-carcinogenic formulations. Adhesives used in the cold bond process have a low growth rate as they have carcinogenic content and not preferred in many countries for repair solutions.

Conveyor belts is the fastest-growing application segment of rubber repair adhesives in terms of value.

Conveyor belts is the major application of rubber repair adhesives and have high demand from mining & quarrying, cement & aggregate and steel industries. These industries are well established and are growing at a rapid pace globally. These industries employ rubber conveyor belts in large numbers that are subjected to damage due to material transport and need rubber repair adhesives in large quantities. Hence, conveyor belts as the fastest-growing application segment is projected to be the fastest-growing in rubber repair adhesives market in terms of value.

APAC is the fastest-growing rubber repair adhesives market.

APAC is projected to be the fastest-growing region in the rubber repair adhesives market during the forecast period. China and India in the region are the two major markets that are growing at a significant pace in the region due to the presence of established mining & quarrying, cement & aggregate and steel, chemical, water treatment and oil& gas end-use industries in the region. These industries use rubber repair adhesives-based in conveyor belts, pulleys, pipes & fittings, tanks & vessels, pump housing, and rollers.

Market Dynamics

Drivers

  • Increasing Demand for Rubber Conveyor Belts from End-Use Industries
  • Superior Performance Properties of Rubber Repair Adhesives Over Mechanical Fasteners

Restraints

  • Volatility in Raw Material Pricing and Supply Availability
  • Global Economic Slowdown Due to Pandemiccorona Virus Breakdown

Opportunities

  • Increasing Mining Activities in APAC and South America
  • Robust Growth in the Global Cement Industry

Challenges

  • Stringent Local and International Regulations

Companies Profiled

  • Lord Corporation.
  • Henkel Ag & Co
  • 3M
  • Sika Ag 143
  • H.B
  • Fourthane
  • Belzona International Ltd.
  • Rema Tip Top Ag
  • Illinois Tool Works Inc
  • Eli-Chem Resins Uk Limited
  • Bostik
  • Permabond Llc
  • Imtech
  • Germanbelt Systems Gmbh
  • Shanxi Betop Industry and Trade Co., Ltd
  • Ans Conveyor & Rubber Products Limited
  • Smooth-On, Inc
  • Oliver Rubber Industries.
  • Thejo Engineering Limited

For more information about this report visit https://www.researchandmarkets.com/r/iuf88