Foam Adhesive Market Forecast and CAGR
Foam adhesives is used in a variety of industries for manufacturing and construction. Foam bonding is the process of joining several foams or foams with other materials. This is accomplished by using adhesive foam or glues to form bonds between foam and other materials such as metals, plastics, woods, and cloth.
According to the latest research by Fact.MR, foam adhesive market is set to witness steady growth during 2021-2031. In short term, the demand is expected to increase at a steady pace and in the long run sales of this glue is expected to grow at a moderate CAGR.
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Which key Factors will Drive Sales of Foam Adhesive?
There are a variety of properties that make foam adhesive ideal for insulating foam, upholstery foam, or other foam. Depending on whether they are used on insulating foam, upholstery foam, or other foam which includes non-yellowing factor as appearance is very significant and it is critical that the foam adhesive does not yellow over time and maintains its original color.
Also, the factors like flexibility as the foam are always flexible, the foam bonding adhesive must be able to adjust to the foam’s motions without cracking. In addition, for bonding heat-insulating foam, certain foam bonding adhesive is used. When these foams adhesive gets in contact with heat, their adhesive properties must not be harmed.
These factors ensure that there is consistent demand for foam adhesives from the end-use sector in the forecast era.
China Foam Adhesive Market Outlook
In terms of volume, the APAC area is expected to lead the market during the forecast period. The market in the region is expected to be driven by the economic growth of emerging countries. In the APAC area, China is expected to lead the foam market.
China’s economy is being driven by a factor such as increased manufacturing and construction processes, the availability of cheap labour and raw materials, low taxes, and less stringent environmental regulations.
Who are the key Suppliers/Manufacturers of Foam Adhesive?
The market is characterized by a mix of small and large players which includes
- U.S. Rubber Supply Co.
- Chemionics Corp.
- Ellsworth Adhesives
- Associated Bag
- Stockwell Elastomerics Inc.
- Fabri-Tech Components Inc.
- Deluxe Packaging
- Green Rubber-Kennedy AG
- Diamond Needle Corp.
- ArtUSA Noise Control Products
- Alpha Packaging Inc.
- Motion Industries Inc.
- Firwin Corp.
By Product type
- Hot-melt based
By Resin type
- Other(EVA and Polyurethane)
- Building and construction
- Electrical and electronic
- Paper and printing
- Other(packaging, Aerospace and defense, healthcare, woodworking, wind energy, solar energy)
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa