Study Period | 2019-2032 |
Base Year | 2023 |
Forcast Year | 2023-2032 |
CAGR | 8.8 |
The Contact Adhesives Market size is estimated to grow at a CAGR of 5.2% between 2022 and 2032. The market size is forecast to increase by USD 3,879.21 million. The growth of the market depends on several factors, including the rise in demand for adhesives in various industries, increasing construction activities, and growing automotive production. Contact adhesives, also known as contact cement, are adhesives that are applied to both surfaces being bonded and allowed to dry before the surfaces are pressed together. They are widely used in industries such as construction, automotive, woodworking, and footwear manufacturing. Contact adhesives offer strong and durable bonds, high heat resistance, and excellent adhesion to a wide range of substrates, making them suitable for various applications.
Contact Adhesives Market Overview
Drivers
One of the key factors driving the contact adhesives market growth is the increasing demand for adhesives in various industries. Contact adhesives are extensively used in industries such as construction, automotive, woodworking, and footwear manufacturing. In the construction industry, contact adhesives are used for bonding materials such as laminates, veneers, and decorative panels. In the automotive industry, they are used for bonding interior trims, headliners, and door panels. The growing demand for these industries is expected to drive the market growth of contact adhesives.
Moreover, the increasing construction activities, especially in emerging economies, are driving the demand for contact adhesives. The construction industry is witnessing significant growth due to urbanization, infrastructure development, and the construction of commercial and residential buildings. Contact adhesives are widely used in construction for bonding materials such as tiles, flooring, and insulation. Hence, such factors are expected to drive market growth during the forecast period.
Trends
A key trend shaping the contact adhesives market growth is the development of eco-friendly and low VOC (volatile organic compounds) adhesives. With increasing environmental concerns and regulations, there is a growing demand for adhesives that have minimal impact on the environment and human health. Low VOC contact adhesives emit fewer harmful chemicals, making them safer to use. These adhesives are gaining popularity in industries such as construction and automotive, where there is a growing emphasis on sustainability and green building practices. Manufacturers are focusing on developing innovative formulations and technologies to meet the demand for eco-friendly contact adhesives.
Additionally, there is a rising demand for high-performance contact adhesives that offer superior bonding strength and durability. Industries such as automotive and aerospace require adhesives that can withstand extreme conditions, including high temperatures, vibrations, and exposure to chemicals. Manufacturers are investing in research and development to develop advanced contact adhesives with enhanced properties to meet the specific requirements of these industries. Hence, such trends are expected to drive market growth during the forecast period.
Restraints:
One of the key challenges hindering the contact adhesives market growth is the fluctuating raw material prices. Contact adhesives are formulated using various raw materials such as solvents, resins, and additives. The prices of these raw materials are subject to fluctuations due to factors such as supply-demand dynamics, geopolitical events, and changes in regulations. Fluctuating raw material prices can impact the production costs of contact adhesives, leading to price volatility in the market. Manufacturers face challenges in managing the cost of raw materials and maintaining profitability in such a scenario.
Furthermore, the presence of alternative bonding methods such as mechanical fastening and welding poses a challenge to the market growth of contact adhesives. Mechanical fastening and welding are well-established methods for joining materials and offer advantages such as high strength and reliability. Industries may prefer these methods over contact adhesives depending on the specific application requirements. Hence, the availability of alternative bonding methods can limit the market growth of contact adhesives.
Contact Adhesives Market Segmentation By Application
The construction segment is estimated to witness significant growth during the forecast period. Contact adhesives are extensively used in the construction industry for bonding materials such as laminates, veneers, and decorative panels. They offer strong and durable bonds, high heat resistance, and excellent adhesion to various substrates, making them suitable for construction applications. Contact adhesives are used for applications such as bonding flooring, tiles, insulation, and wall panels. The growing construction activities, especially in emerging economies, are expected to drive the demand for contact adhesives in the construction segment.
The automotive segment is another significant application of contact adhesives. In the automotive industry, contact adhesives are used for bonding interior trims, headliners, door panels, and other components. Contact adhesives offer advantages such as high bond strength, flexibility, and resistance to heat and chemicals, making them suitable for automotive applications. The growing automotive production, especially in developing countries, is expected to drive the demand for contact adhesives in the automotive segment. Hence, such applications are expected to fuel the growth of these segments, which in turn will drive the market growth during the forecast period.
Contact Adhesives Market Segmentation By Type
The solvent-based contact adhesives segment is estimated to witness significant growth during the forecast period. Solvent-based contact adhesives are widely used due to their fast-drying properties and high bond strength. They offer advantages such as excellent adhesion to a wide range of substrates, good heat resistance, and flexibility. Solvent-based contact adhesives are used in various industries such as construction, automotive, woodworking, and footwear manufacturing. However, there is a growing demand for water-based contact adhesives due to their low VOC content and environmental-friendly properties. Water-based contact adhesives are gaining popularity, especially in regions with stringent environmental regulations. Hence, the solvent-based and water-based contact adhesives segments are expected to drive the market growth during the forecast period.
APAC is estimated to contribute 42% to the growth of the global market during the forecast period. The main factor significantly contributing to the growth of the contact adhesives market in APAC is the presence of several prominent market players and the growing construction and automotive industries in the region. APAC is witnessing rapid urbanization, infrastructure development, and the construction of commercial and residential buildings. Contact adhesives are extensively used in the construction industry for bonding materials such as laminates, veneers, and decorative panels. The growing construction activities in countries such as China and India are expected to drive the demand for contact adhesives in the region.
In addition, the automotive industry in APAC is witnessing significant growth due to increasing production and demand for vehicles. Contact adhesives are used in the automotive industry for bonding interior trims, headliners, door panels, and other components. The growing automotive production in countries such as China, India, and Japan is expected to drive the demand for contact adhesives in the region. Hence, such factors are expected to drive market growth in APAC during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global contact adhesives market witnessed a significant slowdown due to disruptions in the supply chain and temporary closures of manufacturing facilities. However, in 2021, with the gradual lifting of lockdowns and resumption of economic activities, the market is expected to recover. The increasing construction activities and automotive production are expected to drive the market during the forecast period.
Contact Adhesives Market Customer Landscape
The contact adhesives market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Contact Adhesives Market Customer Landscape
The contact adhesives market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Contact Adhesives Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Company: The company offers contact adhesives such as the 3M Super 77 Multipurpose Adhesive, the 3M Hi-Strength 90 Adhesive, and the 3M Fastbond Contact Adhesive 30NF.
Arkema Group: The company offers contact adhesives such as the Bostik 2402 Contact Adhesive, the Bostik 2402N Contact Adhesive, and the Bostik 2402F Contact Adhesive.
H.B. Fuller Company: The company offers contact adhesives such as the H.B. Fuller TECBOND 261 Hot Melt Adhesive, the H.B. Fuller Swift®tak 4435 Contact Adhesive, and the H.B. Fuller Swift®tak 4433 Contact Adhesive.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Segment Overview
The contact adhesives market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
o Automotive
o Construction
o Furniture
o Packaging
o Others
o Solvent-based
o Water-based
o Hot Melt
o Reactive
o North America
The U.S.
Canada
o Europe
U.K.
Germany
France
Rest of Europe
o APAC
China
India
o South America
Chile
Argentina
Brazil
o Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
Table of Contents
Chapter 1 Contact Adhesives Market Overview
1.1 Contact Adhesives Definition
1.2 Global Contact Adhesives Market Size Status and Outlook (2013-2028)
1.3 Global Contact Adhesives Market Size Comparison by Region (2013-2028)
1.4 Global Contact Adhesives Market Size Comparison by Type (2013-2028)
1.5 Global Contact Adhesives Market Size Comparison by Application (2013-2028)
1.6 Global Contact Adhesives Market Size Comparison by Sales Channel (2013-2028)
1.7 Contact Adhesives Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/ Expansion)
Chapter 2 Contact Adhesives Market Segment Analysis by Player
2.1 Global Contact Adhesives Sales and Market Share by Player (2016-2018)
2.2 Global Contact Adhesives Revenue and Market Share by Player (2016-2018)
2.3 Global Contact Adhesives Average Price by Player (2016-2018)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Contact Adhesives Market Segment Analysis by Type
3.1 Global Contact Adhesives Market by Type
3.1.1 CR
3.1.2 SBS
3.1.3 Others
3.2 Global Contact Adhesives Sales and Market Share by Type (2013-2018)
3.3 Global Contact Adhesives Revenue and Market Share by Type (2013-2018)
3.4 Global Contact Adhesives Average Price by Type (2013-2018)
3.5 Leading Players of Contact Adhesives by Type in 2018
3.6 Conclusion of Segment by Type
Chapter 4 Contact Adhesives Market Segment Analysis by Application
4.1 Global Contact Adhesives Market by Application
4.1.1 Construction
4.1.2 Shoes
4.1.3 Transportation
4.1.4 Others
4.2 Global Contact Adhesives Sales and Market Share by Application (2013-2018)
4.3 Leading Consumers of Contact Adhesives by Application in 2018
4.4 Conclusion of Segment by Application
Chapter 5 Contact Adhesives Market Segment Analysis by Sales Channel
5.1 Global Contact Adhesives Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global Contact Adhesives Sales and Market Share by Sales Channel (2013-2018)
5.3 Leading Distributors/Dealers of Contact Adhesives by Sales Channel in 2018
5.4 Conclusion of Segment by Sales Channel
Chapter 6 Contact Adhesives Market Segment Analysis by Region
6.1 Global Contact Adhesives Market Size and CAGR by Region (2013-2028)
6.2 Global Contact Adhesives Sales and Market Share by Region (2013-2018)
6.3 Global Contact Adhesives Revenue and Market Share by Region (2013-2018)
6.4 North America
6.4.1 North America Market by Country
6.4.2 North America Contact Adhesives Market Share by Type
6.4.3 North America Contact Adhesives Market Share by Application
6.4.4 United States
6.4.5 Canada
6.4.6 Mexico
6.5 Europe
6.5.1 Europe Market by Country
6.5.2 Europe Contact Adhesives Market Share by Type
6.5.3 Europe Contact Adhesives Market Share by Application
6.5.4 Germany
6.5.5 UK
6.5.6 France
6.5.7 Italy
6.5.8 Russia
6.5.9 Spain
6.6 Asia-Pacific
6.6.1 Asia-Pacific Market by Country
6.6.2 Asia-Pacific Contact Adhesives Market Share by Type
6.6.3 Asia-Pacific Contact Adhesives Market Share by Application
6.6.4 China
6.6.5 Japan
6.6.6 Korea
6.6.7 India
6.6.8 Southeast Asia
6.6.9 Australia
6.7 South America
6.7.1 South America Market by Country
6.7.2 South America Contact Adhesives Market Share by Type
6.7.3 South America Contact Adhesives Market Share by Application
6.7.4 Brazil
6.7.5 Argentina
6.7.6 Colombia
6.7.7 Chile
6.8 Middle East & Africa
6.8.1 Middle East & Africa Market by Country
6.8.2 Middle East & Africa Contact Adhesives Market Share by Type
6.8.3 Middle East & Africa Contact Adhesives Market Share by Application
6.8.4 Egypt
6.8.5 Saudi Arabia
6.8.6 South Africa
6.8.7 Nigeria
6.9 Conclusion of Segment by Region
Chapter 7 Profile of Leading Contact Adhesives Players
7.1 Henkel
7.1.1 Company Snapshot
7.1.2 Product/Business Offered
7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
7.1.4 Strategy and SWOT Analysis
7.2 H.B. FULLER
7.3 3M
7.4 ROYAL ADHESIVES & SEALANTS
7.5 Eastman Chemical
7.6 ITW
7.7 Sika
7.8 Bison
7.9 Wilsonart
7.10 Bostik
7.11 Permatex
7.12 Jowat
7.13 Newstar Adhesives
7.14 Permoseal
7.15 Genkem
7.16 CRC
7.17 UHU
7.18 K-FLEX
7.19 James Walker
7.20 Henkel(China)
7.21 3M(China)
7.22 Gleihow New Materials
7.23 Evergain Adhesive
7.24 Tonsan Adhesive
7.25 Lushi Chemical
7.26 Jindun Chemical
7.27 PLYFIT INDUSTRIES
Chapter 8 Upstream and Downstream Analysis of Contact Adhesives
8.1 Industrial Chain of Contact Adhesives
8.2 Upstream of Contact Adhesives
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.2.4 Manufacturing Cost Structure
8.2.5 Manufacturing Process
8.3 Downstream of Contact Adhesives
8.3.1 Leading Distributors/Dealers of Contact Adhesives
8.3.2 Leading Consumers of Contact Adhesives
Chapter 9 Development Trend of Contact Adhesives (2019-2028)
9.1 Global Contact Adhesives Market Size (Sales and Revenue) Forecast (2019-2028)
9.2 Global Contact Adhesives Market Size and CAGR Forecast by Region (2019-2028)
9.3 Global Contact Adhesives Market Size and CAGR Forecast by Type (2019-2028)
9.4 Global Contact Adhesives Market Size and CAGR Forecast by Application (2019-2028)
9.5 Global Contact Adhesives Market Size Forecast by Sales Channel (2019-2028)
Chapter 10 Appendix
10.1 Research Methodology
10.2 Data Sources
10.3 Disclaimer
10.4 Analysts Certification
List of Tables and Figures
Figure Contact Adhesives Example
Figure Global Contact Adhesives Revenue (Million $) Status and Outlook (2013-2028)
Figure Global Contact Adhesives Revenue (Million $) Comparison by Region (2013-2028)
Figure Global Contact Adhesives Sales Comparison by Type (2013-2028)
Figure Global Contact Adhesives Sales Comparison by Application (2013-2028)
Figure Global Contact Adhesives Sales Comparison by Sales Channel (2013-2028)
Table Global Contact Adhesives Sales by Player (2016-2018)
Table Global Contact Adhesives Sales Market Share by Player (2016-2018)
Figure Global Contact Adhesives Sales Market Share by Player in 2018
Table Global Contact Adhesives Revenue (Million $) by Player (2016-2018)
Table Global Contact Adhesives Revenue Market Share by Player (2016-2018)
Figure Global Contact Adhesives Revenue Market Share by Player in 2018
Table Global Contact Adhesives Average Price by Player (2016-2018)
Figure Global Contact Adhesives Average Price by Player in 2018
Figure Global Contact Adhesives Players Competition Situation - Top 5 Players' Revenue Market Share in 2016
Figure Global Contact Adhesives Players Competition Trends - Top 5 Players' Revenue Market Share in 2018
Figure Example of CR
Figure Global CR Sales and Growth Rate (2013-2018)
Figure Example of SBS
Figure Global SBS Sales and Growth Rate (2013-2018)
Figure Example of Others
Figure Global Others Sales and Growth Rate (2013-2018)
Table Global Contact Adhesives Sales by Type (2013-2018)
Table Global Contact Adhesives Sales Market Share by Type (2013-2018)
Figure Global Contact Adhesives Sales Market Share by Type in 2018
Table Global Contact Adhesives Revenue (Million $) by Type (2013-2018)
Table Global Contact Adhesives Revenue Market Share by Type (2013-2018)
Figure Global Contact Adhesives Revenue Market Share by Type in 2018
Table Global Contact Adhesives Average Price by Type (2013-2018)
Figure Global Contact Adhesives Average Price by Type in 2018
Table Leading Players of Contact Adhesives by Type in 2018
Figure Example of Construction
Figure Global Contact Adhesives for Construction Sales and Growth Rate (2013-2018)
Figure Example of Shoes
Figure Global Contact Adhesives for Shoes Sales and Growth Rate (2013-2018)
Figure Example of Transportation
Figure Global Contact Adhesives for Transportation Sales and Growth Rate (2013-2018)
Figure Example of Others
Figure Global Contact Adhesives for Others Sales and Growth Rate (2013-2018)
Table Global Contact Adhesives Sales by Application (2013-2018)
Table Global Contact Adhesives Sales Market Share by Application (2013-2018)
Figure Global Contact Adhesives Sales Market Share by Application in 2018
Table Leading Consumers of Contact Adhesives by Application in 2018
Figure Example of Direct Channel
Figure Global Contact Adhesives for Direct Channel Sales and Growth Rate (2013-2018)
Figure Example of Distribution Channel
Figure Global Contact Adhesives for Distribution Channel Sales and Growth Rate (2013-2018)
Table Global Contact Adhesives Sales by Sales Channel (2013-2018)
Table Global Contact Adhesives Sales Market Share by Sales Channel (2013-2018)
Figure Global Contact Adhesives Sales Market Share by Sales Channel in 2018
Table Leading Distributors/Dealers of Contact Adhesives by Sales Channel in 2018
Table Global Contact Adhesives Market Size and CAGR by Region (2013-2028)
Table Global Contact Adhesives Sales by Region (2013-2018)
Table Global Contact Adhesives Sales Market Share by Region (2013-2018)
Figure Global Contact Adhesives Sales Market Share by Region in 2018
Table Global Contact Adhesives Revenue (Million $) by Region (2013-2018)
Table Global Contact Adhesives Revenue Market Share by Region (2013-2018)
Figure Global Contact Adhesives Revenue Market Share by Region in 2018
Table North America Contact Adhesives Sales by Country (2013-2018)
Figure North America Contact Adhesives Sales Market Share by Country (2013-2018)
Table North America Contact Adhesives Revenue by Country (2013-2018)
Figure North America Contact Adhesives Revenue Market Share by Country (2013-2018)
Figure North America Contact Adhesives Sales Market Share by Type in 2018
Figure North America Contact Adhesives Sales Market Share by Application in 2018
Figure United States Contact Adhesives Sales and Growth Rate (2013-2018)
Figure United States Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure Canada Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Canada Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure Mexico Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Mexico Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Table Europe Contact Adhesives Sales by Country (2013-2018)
Figure Europe Contact Adhesives Sales Market Share by Country (2013-2018)
Table Europe Contact Adhesives Revenue by Country (2013-2018)
Figure Europe Contact Adhesives Revenue Market Share by Country (2013-2018)
Figure Europe Contact Adhesives Sales Market Share by Type in 2018
Figure Europe Contact Adhesives Sales Market Share by Application in 2018
Figure Germany Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Germany Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure UK Contact Adhesives Sales and Growth Rate (2013-2018)
Figure UK Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure France Contact Adhesives Sales and Growth Rate (2013-2018)
Figure France Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure Italy Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Italy Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure Russia Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Russia Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure Spain Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Spain Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Table Asia-Pacific Contact Adhesives Sales by Country (2013-2018)
Figure Asia-Pacific Contact Adhesives Sales Market Share by Country (2013-2018)
Table Asia-Pacific Contact Adhesives Revenue by Country (2013-2018)
Figure Asia-Pacific Contact Adhesives Revenue Market Share by Country (2013-2018)
Figure Asia-Pacific Contact Adhesives Sales Market Share by Type in 2018
Figure Asia-Pacific Contact Adhesives Sales Market Share by Application in 2018
Figure China Contact Adhesives Sales and Growth Rate (2013-2018)
Figure China Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure Japan Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Japan Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure Korea Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Korea Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure India Contact Adhesives Sales and Growth Rate (2013-2018)
Figure India Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure Southeast Asia Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Southeast Asia Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure Australia Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Australia Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Table South America Contact Adhesives Sales by Country (2013-2018)
Figure South America Contact Adhesives Sales Market Share by Country (2013-2018)
Table South America Contact Adhesives Revenue by Country (2013-2018)
Figure South America Contact Adhesives Revenue Market Share by Country (2013-2018)
Figure South America Contact Adhesives Sales Market Share by Type in 2018
Figure South America Contact Adhesives Sales Market Share by Application in 2018
Figure Brazil Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Brazil Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure Argentina Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Argentina Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure Colombia Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Colombia Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure Chile Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Chile Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Table Middle East & Africa Contact Adhesives Sales by Country (2013-2018)
Figure Middle East & Africa Contact Adhesives Sales Market Share by Country (2013-2018)
Table Middle East & Africa Contact Adhesives Revenue by Country (2013-2018)
Figure Middle East & Africa Contact Adhesives Revenue Market Share by Country (2013-2018)
Figure Middle East & Africa Contact Adhesives Sales Market Share by Type in 2018
Figure Middle East & Africa Contact Adhesives Sales Market Share by Application in 2018
Figure Egypt Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Egypt Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure Saudi Arabia Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Saudi Arabia Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure South Africa Contact Adhesives Sales and Growth Rate (2013-2018)
Figure South Africa Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Figure Nigeria Contact Adhesives Sales and Growth Rate (2013-2018)
Figure Nigeria Contact Adhesives Revenue (Million $) and Growth Rate (2013-2018)
Table Company Snapshot of Henkel
Table Contact Adhesives Introduction of Henkel
Table Contact Adhesives Sales, Price, Revenue, Gross Margin and Market Share of Henkel (2016-2018)
Table Industrial Chain of Contact Adhesives
Table Manufacturing Cost Structure of Contact Adhesives
Table General Manufacturing Process of Contact Adhesives
Table Leading Distributors/Dealers of Contact Adhesives
Table Leading Consumers of Contact Adhesives
Figure Global Contact Adhesives Sales and Growth Rate Forecast (2019-2028)
Figure Global Contact Adhesives Revenue and Growth Rate Forecast (2019-2028)
Table Global Contact Adhesives Market Size and CAGR Forecast by Region (2019-2028)
Table Global Contact Adhesives Market Size and CAGR Forecast by Type (2019-2028)
Table Global Contact Adhesives Market Size and CAGR Forecast by Application (2019-2028)
Table Global Contact Adhesives Market Size and CAGR Forecast by Sales Channel (2019-2028)
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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