The report "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", is expected to grow from USD 291 million in 2020 to USD 354 million by 2025, at a CAGR of 4.0% during the forecast period. The market is growing due to the increase in the demand for high performing rubber repair adhesives in the mining & quarrying, cement & aggregate and steel industries. Strict environmental regulations in Europe and North America are encouraging the development of novel rubber repair adhesives used in the cold bond process.
The rubber repair adhesives market is segmented on the basis of region into Europe, North America, APAC, MEA, and South America. APAC accounted for the largest share in the rubber repair adhesives market. The growth of the market in the region is mainly driven by the demand from the fast-growing end-use industries. The growth of the market is also attributed to the presence of established manufacturers and technological advancement related to the development of rubber repair adhesives products. China is the leading market in the region. China accounts for almost 50% steel and cement production of in the global market. This leads to high demand for rubber conveyor belts and their repair adhesives in China.
The key players in the market include LORD Corporation (US), Fourthane (Chile), 3M (US), Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), H.B. Fuller Company (US), Belzona International Ltd. (England), Rema Tip Top AG (Germany), ITW Performance Polymers (US) and Eli-Chem Resins UK Limited (UK).
