Global Elastic Adhesive Market, By Type (Acrylic, Rubber), Resin (Polyurethane, Silicone, SMP), End-User (Construction, Industrial, Automotive and Transportation), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Elastic Adhesive Market
The elastic adhesive market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 6.5% in the above-mentioned forecast period.
Elastic adhesives are basically the versatile adhesives that offer excellent adhesive strength to a wide variety of materials widely used in building and construction activities, automotive and transportation industries as they are having the good elasticity property. These adhesives form rubber like elastic bond with the products and enhance their durability.
The factors such as growing demand from the automotive and transportation industries are expected to cushion the growth of the elastic adhesive market in the forecast period are the growth of end-use industries such as construction, industrial, and automotive and transportation as well as the growing demand for silicone and SMP adhesives which will further carve the way for the growth of market. Moreover, these adhesives basically offer better aesthetics, joining properties, and also a longer bond life. These buildings have improved aesthetics and provide outstanding UV and weathering resistance, which are further expected to cushion the overall markets growth. On the other hand, the factors such as rate of acceptance of elastic sealants is still low from end user are also projected to hamper market’s overall growth.
The growing rise in investment in the non-residential and residential construction industry are estimated to generate numerous opportunities for the market. On the flip side, the lack of awareness about the availability of elastic adhesives and sealants or the end user preference to use conventional sealants is projected to pose as a major challenge to the growth of the elastic adhesive market.
This elastic adhesive market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on elastic adhesive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Elastic Adhesive Market Scope and Market Size
The elastic adhesive market is segmented on the basis of resin, type and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of resin type, the market is segmented into polyurethane, silicone and SMP.
- On the basis of end-user, the market is segmented into construction, industrial, automotive and transportation.
Elastic Adhesive Market Country Level Analysis
The elastic adhesive market is segmented on the basis of resin, type and end-user.
The countries covered in the elastic adhesive market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the elastic adhesive market owing to the growing income level, particularly in the middle-class inhabitants, and rising government investments, mainly in the construction & building division within the region. North America on the other hand, will continue to however show lucrative growth within the forecast period owing to the growth of end-use industries such as construction, industrial, and automotive and transportation.
The country section of the elastic adhesive market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Elastic Adhesive Market Share Analysis
The elastic adhesive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to elastic adhesive market.
Some of the major players operating in the elastic adhesive market report are Henkel Adhesives Technologies India Private Limited, Sika AG, Arkema, DOW, 3M, H.B. Fuller Company., Wacker Chemie AG, Weicon, THREEBOND INTERNATIONAL, INC., Cemedine, New Polyurethane Technologies (Npt), CELO., Mapei, Beijing Comens New Materials, Hermann Otto GmbH, Kleiberit, Soudal, Jowat, Recoll, Aderis, Shanghai Sepna Chemical Technology, Permabond, Tremco Illbruck, Illinois Tool Works Inc., and Dymax, among others.