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Rubber-based adhesives are adhesives that are synthesized made using rubber as base material. They are also composed of natural or synthetic elastomers which are tackified by the addition of various types of resin. These types of adhesives are used for synthesizing pressure sensitive adhesives attributed to the exceptional initial tack and adhesion. They can also adhere to broad range of surfaces and materials including plastic.
The increasing demand from automobile and construction industries for rubber-based adhesives attributed to its exceptional qualities like adherence to most of the surfaces, excellent initial tack, and it is cost effective as compared to other adhesives like acrylic or silicone adhesives.
However, growth of the rubber-based adhesives market is expected to limit due to its solvent and UV light susceptibility. It shows limited effectiveness to certain chemicals UV rays and high temperature.
Key Market Driver -
increasing demand from end-use sector due to cost-effectiveness.
Key Market Restraint -
Susceptibility to UV light, high temperature and moisture.
Based on type, the market is segmented into Natural Rubber-Based adhesives and Synthetic Rubber-Based adhesive. Based on application, the market is segmented into Building & Construction, Aerospace, Electrical & Electronics, automotive and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global rubber-based adhesives market consists of global & regional players. Some of the key players operating in the industry include 3M, Dow Chemical Company, Huntsman Corp, Avery Dennison, Adhesives Research, Henkel AG & Company, KGAA, Yasuhara Chemical Co., Ltd., Jagannath Polymers Pvt Ltd, Lord Corporation, and Others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to hold the largest share attributed to the high demand for rubber based adhesive tapes from China and India. North America is estimated to be second-largest market attributed to the large number of manufacturing companies. Europe is expected to show significant growth due to the increasing demand from automotive and construction sector. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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