Philippines Contact Cement Market - 2022-2029

Philippines Contact Cement Market - 2022-2029

Market Overview

The Philippines contact cement market size was worth around US$ XX million in 2021 and is expected to show significant growth by reaching up to US$ XX million by 2029, growing at a CAGR of XX% within the forecast period (2022-2029).

Contact cement is a flexible acrylic contact adhesive used on rubber, wood, bond tile, leather, metal, Formica, and most plastics. It remains flexible after cure and is an ideal shoe glue. It may be applied to nearly anything, although nonporous materials that other adhesives cannot bond together benefit most from contact cement application.

Plastics, veneers, rubber, glass, metal and leather respond best to contact cement. Large surfaces like kitchen and bathroom countertops can be adhered to using it. Contact cement is used for rigid laminates attachment, thin plastic surfaces, to counters. Other adhesives wouldn't adhere since they must dry after the parts are put together and go on wet.

When parts are assembled from nonporous materials, moisture cannot escape, causing the glue to either take a long time to cure or not entirely, which calls for the employment of clamps. On touch, contact cement is already dry. After the solvent has gone, the cement solidifies into a flexible bond with no lingering moisture. It can further be used to glue floor tiles because clamping is not required.

Furthermore, contact cement requires air-dry 15 to 20 minutes before assembly, unlike other adhesives. The cement must be applied to both components to ensure that the glue adheres to itself. Contact cement is a solid adhesive, not a sticky substance. Thus, to make the application simpler, a solvent is added, but it must entirely evaporate before the two pieces may be joined. Because the adhesive only needs brief contact to create a permanent bond, applying it can be challenging.

Market Dynamics

Growing demand for high-strength contact adhesive in end-user industries is driving the market share for contact cement.

Growing demand for high-strength contact adhesive in end-user industries is driving the market share for contact cement

Contact cement is made using elastic polymers such as neoprene, latex or modified chloroprene synthetic rubber, which are dissolved and suspended in volatile solvents such as hexane, acetone, toluene, etc. Contact cement is a waterborne contact adhesive that offers exceptional hot-creep resistance and strong, durable bonding.

Due to their durability and heat and water resistance, they are frequently utilized in various industries for various purposes, thus acting as a major driving factor for the product. For instance, adhesives are used more frequently in the automobile sector to lighten vehicles, expedite assembly and save weight. Contact adhesives might be a great option when installing interior automobile trim, flooring, and other components like headliners. These adhesives are special because they stick to dried surfaces, allowing for extended open durations and almost immediate bonding without clamping. Additionally flexible, the adhesive created is perfect for use in automobile interiors.

Furthermore, Contact adhesives can withstand thermal cycling and perform at their best between -30°C and 100°C. Neoprene formulations particularly have excellent peel and shear strength. They adhere to many surfaces, including metals, plastic, leather and laminates and they have good moisture and oil resistance. Due to the advantages mentioned above of contact adhesives, they are widely used among various industries, driving the market share for the product.

The hazardous and toxic nature of contact cement acts as a major challenge to the market growth

Contact cement is an adhesive that provides an instant and excellent bond when brought into firm contact when coated on two surfaces and allowed to dry. Contact bond adhesives are frequently used to build decorative laminates to substrates. They are a ""universal"" general-purpose cement and can bond to a wide range of substrates, including metal, leather and wood.

Therefore has gained tremendous popularity among end-user industries. However, these adhesives release toxic and hazardous chemicals, a major hurdle to market growth. Thus to overcome the harmful effect of contact cement, various countries are passing regulations.

For instance, U.S. Environmental Protection Agency regulates volatile organic compounds because they are hazardous and combustible and are released by solvent-based contact cement. The more recent water-based contact cement is non-toxic and eco-friendly. However, companies are investing in boosting newer water-based contact cement production, which is non-toxic and environmentally friendly and is expected to overcome the challenge in the forecast period.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a severe effect on the development of the contact cement market. The pandemic's emergence has significantly impacted the building and automotive industries. The demand for automobiles and the amount of construction activity has deteriorated sharply due to the pandemic-related worldwide economic crisis. The effects on these industries have significantly impacted the growth of the global contact cement market since they are the main end markets for contact cement.

Furthermore, due to the lockdowns and rigorous travel restrictions, most manufacturers from end-use industries such as packaging, construction and automotive experienced supply chain disruption and labor shortage. The key companies in the contact cement industry have also been impacted regarding their business operations.

Segment Analysis

The Philippines contact cement market is segmented by type, technology, end-user and region.

Easy application, fast setting properties and excellent adhesion to many different substrates escalate the market share for neoprene contact cement market

The Philippines contact cement market is segmented into neoprene, polyurethane, acrylic, styrene-butadiene copolymer and others based on type. The neoprene segment holds the highest market share of the mentioned type. Neoprene Contact Cement offers advantages such as a quick-drying solvent-based adhesive that can easily apply to all rubber and vinyl stair treads to pan-filled concrete, wood, metal, marble and terrazzo steps.

Furthermore, easy brush-on application, simple to apply to the back of the treads and the back of the nosings, is another factor boosting the popularity of contact cement in the Philipines. Neoprene (Polychloroprene) elastomers formulate the vast majority of contact adhesives. Polychloroprene contact adhesives often have high ultimate strengths and rapid strength growth. Additionally, they exhibit autohesion properties, high shear strength and resilience to chemicals and lubricants.

Various companies offer a wide product range under the neoprene contact cement category. For instance, 3M offers Neoprene Contact Adhesive 10. The product is a high-performance sprayable laminating contact adhesive that can be used in adhering sheet metals, such as aluminum, cold rolled steel, stainless steel and many plastics to other various substrates.

Philippines Contact Cement Market Geographical Analysis

The growing construction sector and rising government investment have escalated the contact cement market in the Philippines

The Philippines is a Southeast Asia based country. The country is famous for various natural wonders; however, its growing development makes it hold a major share in the contact cement market.

The primary factor expected to boost the growth prospects for contact cement in the country is the growing demand for the product from end-user industries. Construction is among the most popular end-user, which has increased demand for contact cement in the Philippines. In order to make up for lost time, the Philippine construction industry is rapidly recovering after two turbulent years of a slowdown in construction projects.

The Philippine construction industry, which registered a record-high growth rate in 2021 because of government investment in significant infrastructure projects, is anticipated to maintain its upward trend in 2022. The local government has also allotted 28.1% of its budget for the fiscal year 2022 to the Department of Public Works and Highways, prioritizing construction as a pillar of economic recovery. The ambitious infrastructure program known as ""Build, Build, Build"" was given new life by the new administration, which promised to keep it going. Furthermore, the country's key players in contact cement are another factor expected to boost market growth in the forecast period.

Source: DataM Intelligence Analysis (2022)

Competitive Landscape

The Philippines Contact Cement market is highly competitive with local and global key players. Key players contributing to the market's growth are 3M, Wilsonart LLC, Bostik Philippines, Inc, Lancos Puerto Rico., DAP Products Inc., Henkel AG & Co. KGaA, Inpro Corporation, CP Adhesives Group, and Sika AG, among others.

The major companies are adopting several growth strategies, such as product launches, acquisitions and collaborations, contributing to the global growth of the contact cement market.
• For instance, In 2018, Bostik announced the expansion of production capacities in the Philippines. With a new manufacturing facility in Misamis Oriental, Bostik aims to support construction customers in the fast-growing Mindanao and Visayas areas.

Bostik Philippines, Inc.

Overview: Bostik is a business line of Arkema group, a growing adhesive specialist in construction, consumer and industrial markets. For more than a year, it has been developing innovative sealing and bonding solutions that are smarter and adaptive to the forces that shape daily lives. In 2021, the company had 6,000 Employees, +500 development and technical staff and 4 global R&D centers, Bostik Smart Technology Centers.

Product Portfolio Rugby Original: Rugby Original is a high-end, waterproof adhesive that is indicated for materials including rubber, leather, leatherette, canvas, foam, wood, tiles, glass and metals. However, styropor is not one of these materials.

Key Development
• In 2022, Bostik introduced the next generation of adhesive solutions for woodworking, the SG6518 and SG6520, under its Supergrip adhesive solutions line.

Why Purchase the Report?
• Visualize the Philippines contact cement market segmentation by type, technology, end-user and region, highlighting key commercial assets and players.
• Identify commercial opportunities in the contact cement market by analyzing trends and co-development deals.
• Excel data sheet with thousands of Philippines contact cement market-level 4/5 segmentation points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The Philippines contact cement market report would provide approximately 33 market data tables, 27 figures and 200 pages.

Target Audience 2022
• Service Providers/ Buyers
• Residential
• Research Laboratory
• Restaurant Business
• Energy & Utilities Companies
• Distributors