Rubber Repair Adhesives Market will Expand at a CAGR of 4.0% by 2025| MarketsandMarkets™

Posted by Jack Martin on March 13th, 2023

Rubber repair adhesives are used to repair, seal, and bond rubber components like seals, gaskets, and hoses. They have applications in automotive, marine, industrial, and aerospace. Rubber repair adhesives are in high demand due to the need for reliable and long-lasting repairs on rubber components, as well as the increasing use of rubber in a variety of industries. Rubber repair adhesives come in a variety of formulations, including solvent, acrylic, rubber, and silicone-based formulas that can be used for a variety of applications. The global rubber repair adhesives market size was USD 291 million in 2020 and is projected to reach 354 million by 2025, registering a growth of 4.0%.     

During the forecast period, the Asia Pacific region is expected to be the largest and fastest-growing rubber repair adhesives market. This expansion has been attributed to rising demand for rubber repair adhesives in the region's automotive and construction industries. The region's rubber repair adhesives market is expected to grow due to rising demand for rubber repair adhesives from the automotive and construction industries, as well as the availability of cheap labor.

Over the past years, companies have strengthened their position in the global rubber repair adhesives market by adopting several business strategies. From 2014 to 2019, expansions, product launches, and acquisitions were the key strategies adopted by the market players to maintain growth in the global rubber repair adhesives market. For instance, in June 2019, H.B. Fuller Company expanded its facility in South America region. The newly expanded facility has facilities of laboratory, new product development and application testing. The expansion has helped H.B. Fuller Company to strengthen its business in South American region.

 The major manufacturers profiled in this report 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), Eli-Chem Resins UK Limited (UK) and others. 

These companies have adopted various organic and inorganic growth strategies. For instance, in May 2018, Lord Corporation introduced a new addition of Chemlok Cold Bonding (CB) adhesive for vulcanized chloroprene, chlorobutyl, and neoprene rubbers that are used at room temperature. This rubber bonding adhesive is compliant with REACH regulations. This would build ELG Carbon Fibre’s position as a leading player in the rubber repair adhesives market.