Rubber Repair Adhesives Market

1. Rubber Repair Adhesives Market is estimated to be 354 Million by 2025 with a CAGR of 4.0% during the forecasted period. Rubber repair adhesives market accounted for US$ 291 million in 2020 and is estimated to be 354 million by 2025 and is anticipated to register a CAGR of 4.0%. The report. "Global Rubber Repair Adhesives Market, By Process (Hot Bond and Cold Bond), By Application (Conveyor Belts, Tanks & Vessels, Pipes & Fittings, and Others), By End-user (Mining & Quarrying, Cement & Aggregate, Steel, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”. Analyst View: Rubber conveyor belts reinforced with steel or nylon cords are the furthermost expensive part of a conveyor system. However, due to the harsh environments and extreme working conditions, and abrasive nature of the materials transported; the conveyor systems are continuously exposed to heavy wear and impact damage and hence regular maintenance and upkeep play a vital role in increasing the service life of a conveyor belts. Therefore, there is a huge demand for rubber repair adhesives in the conveyor belt application. Rubber repair adhesives are utilized by several end-use industries, such as cement & aggregate, mining & quarrying, steel, and others. The rubber repair adhesives in the mining & quarrying industry estimates for the highest share due to extensive use in conveyor pulleys, belts, and rollers. Moreover, the rubber repair adhesives in the mining & quarrying industry have superior performance assets over mechanical fasteners. Key Market Insights from the report: The global rubber repair adhesives market accounted for US$ 291 million in 2020 and is estimated to be 354 million by 2025 and is anticipated to register a CAGR of 4.0%. The market report has been segmented on the basis of process, application, end-user, and region.  By process, the hot bond segment lead the market in terms of value, in 2019. Adhesives used in the hot bond process provides strong, long-lasting repair with a lower risk of snagging, tearing, and other wear to the belt. They are widely polyurethane-based and have huge demand for rubber conveyor belt repairing in the mining & quarrying industry. By application, conveyor belts segment is the largest application of rubber repair adhesives. Rubber repair adhesives are widely utilized for repairing conveyor belts that are injured in material handling or transporting heavy loads. These belts are extensively utilized in cement & aggregate, mining & quarrying, and steel industries. By end-user, the rubber repair adhesives in the mining & quarrying industry estimates for the highest share due to extensive usage in conveyor belts, pulleys and rollers. Additionally, the rubber repair adhesives in the mining & quarrying industry have superior performance assets over mechanical fasteners.  

2.  By region, Asia-pacific estimated for highest share in the rubber repair adhesives market. The market growth in the region is particularly boosted by the demand from the fast-growing end-use industries. Further, technological advancement and presence of established manufacturers related to the development of rubber repair adhesives products is also propelling growth of the target market in this region. To know the upcoming trends and insights prevalent in this market, click the link below: https://www.prophecymarketinsights.com/market_insight/Global-Rubber-Repair-Adhesives-Market- 4286 Competitive Landscape: The prominent player operating in the global rubber repair adhesives market includes ORD Corporation, Fourthane, 3M, H.B. Fuller Company, Henkel AG & Co. KGaA, Sika AG, Rema Tip Top AG, Belzona International Ltd., ITW Performance Polymers, and Eli-Chem Resins UK Limited The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.