Rubber Repair Adhesives Market

Rubber repair adhesives are chemical fixatives that are primarily used to repair rubber. Rubber repair adhesives are extensively used for the repair and maintenance of rubber-based materials, including, conveyor belts, pulleys, tanks, rollers, automotive hoses, seals, gaskets, and other rubber products. Rubber repair adhesives offer protection against abrasion, tear, fast cold-curing, better mechanical strength, high elasticity, protection against erosion & corrosion, and excellent adhesion to a wide variety of rubber-based substrates. These adhesives are gaining popularity in diverse end-use industries, including mining, cement, steel, automotive, quarrying, and other industries.

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The rubber repair adhesives market is growing due to the immense utilization of these adhesives for the repair and maintenance of rubber conveyor belts, pulleys and rubber linings of tanks & vessels, pulleys, and rollers. Rise in the demand for rubber repair adhesives in various industries that includes mining & quarrying, cement & aggregate, and steel industries are boosting the growth of the market. The significant surge in the global construction sector owing to increasing private and government funding is supporting the demand for rubber repair adhesives used in the cement & aggregate industry.

Conveyor belts are used in numerous industries including mining & quarrying, cement & aggregate, agriculture, milling, and other industries for conveying bulk materials such as grains, ore, coal, sand, and cement, which needs constant repair and maintenance of the rubber conveyer belts. Thus, rubber repair adhesives are primarily utilized to repair rubber conveyor belts, which is another factor that is expected to drive the growth of the rubber repair adhesives market. However, volatility in raw material prices is anticipated to hamper the global rubber repair adhesives market over the forecast period. The recent outbreak of the COVID 19 pandemic in China has led to the global economic slowdown and China is one of the leading producers of steel and cement in the global market. This is anticipated to affect the demand for rubber conveyor belts and their repair adhesives in the Asia-pacific region, including China, which may hamper the global rubber repair adhesives market.

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Based on the process, the market is segmented into hot bond and cold bond. The hot bond process in the rubber repair adhesives segment is expected to dominate the market during the forecast period. The hot bond process of rubber repair adhesive offers a strong, long-lasting repair with minimal risk of tearing and snagging to the rubber-based belt and is highly used in the repairing of conveyer belts in the mining & quarrying industry.

Based on application, the market is segmented into conveyor belts, tanks & vessels, pipes & fittings, and others. The conveyor belt segment is projected to lead the rubber repair adhesives market in the coming years. Conveyer belts are one of the most expensive part of a conveyor system that are extensively used in various industries including construction, mining, quarrying, cement manufacturing, and steel manufacturing industry. Conveyer belts require repair and maintenance due to their exposure to harsh environments, extreme working conditions, and heavy wear, thereby boosting the demand for rubber repair adhesives.

Based on the end-use industry, the market is segmented into mining & quarrying, cement & aggregate, steel, and others. The mining & quarrying industry segment is anticipated to witness higher CAGR owing to the widespread use of rubber repair adhesives in the mining & quarrying industry to repair and protect screw conveyors, conveyor belts and drive rollers, and pulleys.

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Based on the region, Asia Pacific region is anticipated to grow at a higher CAGR over the forecast period owing to the growing number of industries for mining & quarrying, cement & aggregate, and steel in the region. Additionally, presence of large number of mining companies including China Shenhua Energy Company, Coal India, Shaanxi Coal Industry, Zijin Mining Group, Sumitomo Metal Mining, Jiangxi Copper Company, China Northern Rate Earth Group, PT Bayan Resources, and other mining companies in the region are further supporting the growth of the market.

Various notable players operating in the global Rubber Repair Adhesives Market include Fourthane, Parker Hannifin Corporation, 3M Company, Sika AG, H.B. Fuller Company, Henkel AG & Co. KGaA, Belzona International Ltd., ITW Performance Polymers, Rema Tip Top AG, and Eli-Chem Resins UK Limited, among others.

 Key Developments: 

• • In 2019, Parker Hannifin Corporation, one of the leading companies in motion and control technologies, acquired LORD Corporation, a manufacturer of advanced adhesives and coatings, as well as vibration and motion control technologies. This acquisition is expected to strengthen Parker Hannifin Corporation’s business portfolio and significantly expand its materials science capabilities.
  • In 2019, Sika AG acquired Crevo-Hengxin, a Chinese manufacturer of silicone sealants and adhesives that are used in both industry and construction applications. With this acquisition, Sika AG is focused on expanding its target market for sealing and adhesives products in China and the Asia Pacific region.
  • In 2018, Meridian Adhesives Group acquired Evans Adhesive Corporation, one of the leading manufacturer of industrial adhesives. This acquisition is expected to expand the business portfolio of the Meridian Adhesives Group.

The global rubber repair adhesives market has been segmented on the basis of process, application, end-use industry, and region. Based on the process, the market is segmented into hot bond and cold bond. Based on application, the market is segmented into conveyor belts, tanks & vessels, pipes & fittings, and others. Based on end-use industry, the market is segmented into mining & quarrying, cement & aggregate, steel, and others

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Key questions answered in this research report:

• • At what pace is global Rubber Repair Adhesives Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Rubber Repair Adhesives Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Rubber Repair Adhesives Market?
  • Which product generated maximum revenues in 2019 and identify the most promising product during the forecast period?
  • What are the various applications of global Rubber Repair Adhesives Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Rubber Repair Adhesives Market by Process

• • Hot Bond
  • Cold Bond

Global Rubber Repair Adhesives Market by Application

• • Conveyor Belts
  • Tanks & Vessels
  • Pipes & Fittings
  • Others

Global Rubber Repair Adhesives Market by End-Use Industry

• • Mining & Quarrying
  • Cement & Aggregate
  • Steel
  • Others

Global Rubber Repair Adhesives Market by Region

• • North America Rubber Repair Adhesives Market (Option 1: As a part of the free 25% customization)
    • North America Rubber Repair Adhesives Market by Process
    • North America Rubber Repair Adhesives Market by Application
    • North America Rubber Repair Adhesives Market by End-Use Industry
    • US Rubber Repair Adhesives Market All-Up
    • Canada Rubber Repair Adhesives Market All-Up
  • Europe Rubber Repair Adhesives Market (Option 2: As a part of the free 25% customization)
    • Europe Rubber Repair Adhesives Market by Process
    • Europe Rubber Repair Adhesives Market by Application
    • Europe Rubber Repair Adhesives Market by End-use Industry
    • UK Rubber Repair Adhesives Market All-Up
    • Germany Rubber Repair Adhesives Market All-Up
    • France Rubber Repair Adhesives Market All-Up
    • Spain Rubber Repair Adhesives Market All-Up
    • Rest of Europe Rubber Repair Adhesives Market All-Up
  • Asia-Pacific Rubber Repair Adhesives Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Rubber Repair Adhesives Market by Process
    • Asia-Pacific Rubber Repair Adhesives Market by Application
    • Asia-Pacific Rubber Repair Adhesives Market by End-use Industry
    • China Rubber Repair Adhesives Market All-Up
    • India Rubber Repair Adhesives Market All-Up
    • Japan Rubber Repair Adhesives Market All-Up
    • Rest of APAC Rubber Repair Adhesives Market All-Up
  • RoW Rubber Repair Adhesives Market (Option 4: As a part of the free 25% customization)
    • RoW Rubber Repair Adhesives Market by Process
    • RoW Rubber Repair Adhesives Market by Application
    • RoW Rubber Repair Adhesives Market by End-use Industry
    • Brazil Rubber Repair Adhesives Market All-Up
    • South Africa Rubber Repair Adhesives Market All-Up
    • Saudi Arabia Rubber Repair Adhesives Market All-Up
    • UAE Rubber Repair Adhesives Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Rubber Repair Adhesives Market All-Up

Global Rubber Repair Adhesives Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

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