Rubber repair adhesives are used in conveyor belts, tanks & vessels, pipes & fittings, and other applications in end-use industries, such as cement & aggregate, mining & quarrying, and steel. The primary purpose of these adhesives is to offer effective repairing solutions. For instance, conveyor belts are used to transport heavy volumes of materials, such as stone, coal, sand, and ore. Thus, with the passage of time, conveyors belts become more susceptible to wear & tear. This creates a need for the repair of damaged conveyor belts. The global Rubber repair adhesives market size of rubber repair adhesives was USD 291 million in 2020 and is projected to reach 354 million by 2025, registering a growth of 4.0%.
Get PDF Brochure for Research Insights at: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259807365
Rubber repair adhesives are used in the mini & quarrying, cement & aggregate, steel, and other end-use industries. The mining & quarrying end-use industry accounted for the largest market share in the global rubber repair adhesives market. Rubber repair adhesives offer properties such as superior adhesion, lower operating costs, and time-saving. The rubber repair adhesives have a large demand for rubber linings in conveyor belts, pulley laggings and rollers in the mining & quarrying end-use industry.
By process, rubber repair adhesives are categorized into two segments namely hot bond and cold bond. The hot bond segment dominated the market in terms of value, in 2019. Adhesives used in the hot bond process offer a strong, long-lasting repair with minimal risk of tearing, snagging, and other wear to the belt. They are largely polyurethane-based and have a high demand for rubber conveyor belt repairing in the mining & quarrying industry.
Rubber repair adhesives have their application in multiple rubber-made products such as conveyor belts, rubber linings of tanks & vessels, pipes & fittings, and others. Rubber repair adhesives are largely used for repairing conveyor belts that are damaged in transporting heavy loads or material handling. These belts are largely used in mining & quarrying, cement & aggregate, and steel industries.
Get Customization on this Research Report for Specific Research Solutions@ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=259807365
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.
Get the Latest Version of the Report and be ahead of Your Competitors: https://www.marketsandmarkets.com/RequestNewVersion.asp?id=259807365
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.
MarketsandMarkets™ provides quantified B2B research on 30,000 high-growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States