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.
What is Driving Demand of Foam Adhesive?
For any type of mattress and application process, there are water-based and hot melt adhesive. Each one has own set of characteristics. These foam adhesives are quick, clean, and simple to apply, as well as quite effective and long-lasting. These adhesive are subjected to extremely high demands in the mattress manufacturing industry, as they are used during bonding applications in these industries.
Because of the growing automotive and construction industries, the adhesives foam market has gained a lot of traction, as these adhesives find application in numerous end-use application. Additionally, as the furniture industry is on the rise and newer designs of furniture being consistently introduced in the market, the sales of these glues will see a rise during the forecast period.
There is a huge demand in furniture production, mattress and pillow manufacturing, and automotive seating are only a few of the sector that use foam bonding adhesives. Owing to the aforementioned factors, sales is expected to expand at a steady rate during the forecast period.
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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.
Furthermore, since market penetration is low, there is a lot of space for growth. Nonetheless, there are a variety of major global corporations with substantial long-term opportunities in China's mattress industry. With customers becoming more conscious of the value of mattresses, there is a significant opportunity for international brands to establish and extend their presence.
Owing to the above-mentioned factors, China is supposed to maintain its market dominance in the coming forecast years.
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Water-based Foam Adhesive to Dominant the Market
Solvent-free, water-based adhesive recover when the water evaporates. The curing method can also be accelerated, resulting in instant setting and greater control over the overall process. Fast-curing water-based foam adhesive is highly useful for the mattress industry because it is both safe and user-friendly, as well as allowing for greater product quality.
They are both environmentally and user-friendly, emitting no odours. As a result, they are ideal for applications in the mattress sector. They shape bonds that aren’t the strongest but are more than adequate in terms of versatility. For example, in furniture upholstery, this form of flexible foam adhesive is needed.
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.
Since the market is competitive, players engage in strategic initiatives such as looking for mergers to enhance the growth, as well as focuses on the product development. This would be done with the help of R&D during the forecast period. Such initiatives enables the market to remain competitive and nature and open up newer opportunism for revenue generation for the players.
An Adaptive Approach to Modern-day Research Needs
Foam Adhesive Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
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
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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