The global rubber repair adhesives market size is estimated to be USD 291 million in 2020 to USD 354 million by 2025, at a CAGR of 4.0% during the forecast period. Rubber repair adhesives are widely used in the mining & quarrying end-use industry for repairing and maintaining conveyor belts, pulleys, and rollers. The rubber repair adhesives have superior performance over mechanical fasteners and have no potential substitute.
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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 large demand for rubber linings in conveyor belts, pulley laggings and rollers of 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 offers a strong, long-lasting repair with a minimal risk of tearing, snagging, and other wear to the belt. They are largely polyurethane based and have high demand for rubber conveyor belt repairing in 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.
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The top players in the rubber repair adhesives market have undertaken various developmental strategies. For instance, Sika AG had acquired Crevo-Hengxin (Changshu, China), a Chinese manufacturer of silicone sealants and adhesives. This acquisition in turn Sika is expanding its Target Markets Industry and Sealing & Bonding presence in China and the Asia Pacific region. It also will help grow rubber adhesive business for the company.
The key players in the market 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) and Eli-Chem Resins UK Limited (UK).These companies are adopting various inorganic and organic strategies to increase their foothold in the market.
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