Rubber Repair Adhesives Market Report

Market Insights

Rubber repair adhesives market is likely to witness an impressive CAGR of 4.5% during the forecast period. Rising demand for rubber conveyor belts from various end-use industries such as cement, steel, mining, power, coal, among others is the prime factor that is driving the rubber repair adhesives market. Further, excellent properties of rubber repair adhesives over mechanical fasteners is one of the other major factors propelling the market growth.

Segment Analysis

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Rubber Repair Adhesives Market Share: By Process Type

Based on the process type, the market is segmented as hot bond and cold bond. The hot bond segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. Rubber repair adhesives used in the hot bond process deliver excellent repairing solutions against adhesives used in the cold bond process. The non-carcinogenic formulations in the hot bond process are further fueling the demand and increasing the popularity of the segment.

Rubber Repair Adhesives Market Share: By End-Use Industry Type

Based on the end-use industry type, the rubber repair adhesives market is segmented as mining & quarrying, cement & aggregate, steel, and others. The mining & quarrying segment dominates the market, owing to the wide spread of applications of conveyor belts, pulleys, and rollers. Rubber conveyor belts used in the mining & quarrying industry are exposed to damage during material processing and shipping, due to which there is a frequent need for repair and maintenance of rubber conveyor belts in the mining & quarrying industries, which in turn, is bolstering the growth of the segment.

Rubber Repair Adhesives Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest market for rubber repair adhesives during the forecast period, with China, India, and Japan being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the continuous technological advancements in rubber repair adhesives and presence of well-established mining & quarrying, cement & aggregate, coal, power, steel, chemical, water treatment and oil & gas end-use industries.

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Market Scope & Segmentation

Rubber repair adhesives are the adhesives that are used for repairing of rubbers, which are used in the industrial purposes of mining & quarrying, cement, coal, power, and steel industries for repairing conveyor belts, pulleys, and rollers.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The rubber repair adhesives market is segmented into the following categories. 

Rubber Repair Adhesives Market Size, Share, & Forecast, by Process Type:

• Hot Bond (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cold Bond (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Rubber Repair Adhesives Market Size, Share, & Forecast, by Application Type:

• Conveyor Belts (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Tanks & Vessels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pipes & Fittings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Rubber Repair Adhesives Market Size, Share, & Forecast, by End-Use Industry Type:

• Mining & Quarrying (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cement & Aggregate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Rubber Repair Adhesives Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major players in the rubber repair adhesives market are-

• LORD Corporation
• Fourthane
• The 3M Company
• Henkel AG & Co. KGaA
• Sika AG
• H.B. Fuller Company
• Belzona International Ltd.
• Rema Tip Top AG
• ITW Performance Polymers
• Eli-Chem Resins UK Limited.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the application types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.