Rubber Repair Adhesives Market Report

Market Insights

"The global rubber repair adhesives market is projected to grow at a promising CAGR of 4.5% during the forecast period of 2021-2026."

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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.

Market Dynamics

Market Drivers

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

Process Trends

"The hot bond segment accounted for the largest market share."

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.

End-Use Industry Trends

"The mining & quarrying segment accounted for the largest market share."

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.

Regional Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific is estimated to be the largest market for rubber repair adhesives during the forecast period. 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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Key Players

The following are the key players in the rubber repair adhesives market (arranged alphabetically).

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

Note: The above list does not necessarily include all the top players in the market.

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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.

What Deliverables Will You Get in this Report?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s rubber repair adhesives market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a 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 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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)

Competitive Benchamarking

• 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.