Elastic Adhesive Market- Global Industry Analysis and Forecast (2022-2027) by Resin, End-Use Industries, and Region

Elastic Adhesive Market size was valued at US$ 18.53 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 6.6% from 2022 to 2027, reaching nearly US$ 27.19 Bn.

Elastic Adhesive Market Overview:

Elastic Adhesive Market is expected to reach US$ 27.19 Bn. by 2027. After curing, elastic adhesives generate a robust, flexible rubber-like elastic body. It can be utilised in a wide range of fields since it is a highly functional universal adhesive that is resilient to vibration and impact and has great stress relaxation. This report focuses on the different segments of the Elastic Adhesive market (Resin, End-Use Industries, and Region). The major industry players and regions are thoroughly examined in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a thorough examination of today's quick advancements in a variety of industries. The major data analysis for the historical era from 2017 to 2020 is presented using facts and numbers, visualisations, and presentations. The market drivers, restraints, opportunities, and challenges for Elastic Adhesive are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Elastic Adhesive market. Elastic Adhesive Market To know about the Research Methodology :- Request Free Sample Report

Elastic Adhesive Market Dynamics:

Demand from the glazing and window panel industries is increasing. Many modern high-rise buildings use adhesives rather than screws to attach the glazing and window panels because adhesives offer better joining qualities, aesthetics, and bond life. These structures are more aesthetically pleasing and have excellent UV and weathering resistance. The use of elastic adhesives and sealants to bond window panes and window panels has various advantages, including vibration dampening, reduced assembly time, improved finish quality, and a reduced need for cold-conducting metal frames in panes and panels. The market for elastic adhesives is driven largely by developed infrastructure designs, architectural setups, and the benefits of glass. End consumers are still hesitant to utilise elastic sealants. This poor acceptance rate could be owing to a lack of knowledge regarding the availability of elastic adhesives and sealants, or it could be due to the end user's preference for traditional sealants. End users are content with the results obtained with traditional adhesives and sealants, despite the fact that these adhesives lack the benefits of elastic sealants but serve the function of attaching surfaces together. Manufacturers still overlook additional benefits such as greater flexibility/elongation, impact/thermal cycling resistance, peel strength, and long-term durability, which can be acquired by employing elastic adhesives & sealants, in order to retain lower end-product costs.

Elastic Adhesive Market Segment Analysis:

The Elastic Adhesive Market is segmented by Resin, and End-Use Industries. Based on the Resin, the market is segmented into Polyurethane, Silicone, SMP, and Others. Polyurethane resin segment is expected to hold the largest market share of xx% by 2027. Because of their superior adhesion and paintability, polyurethanes are commonly used to bind windscreens, side and rear windows of passenger cars, lorries, tractors, and special vehicles. PU adhesives are used to bond the windscreens and windows of passenger cars, lorries, tractors, and special vehicles due to their high elongation qualities and stronger bonding. They're also employed to adhere fiberglass-reinforced plastic pieces like roof, side, and frontal panels together. Elastic Adhesive MarketBased on the End-Use Industries, the market is segmented into Construction, Industrial, and Automotive & transportation. Automotive & transportation End-Use Industries segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2027. Elastic adhesives and sealants offer a variety of features and characteristics, including good cohesion, adhesion, elasticity, high cohesive strength, flexibility, and improved peel strength. It protects the adhesive chemistry and physical bond from corrosion, UV light, seawater, rain, and other weathering conditions in the environment. As a result, it has a wide range of uses. Various applications in the transportation industry, such as aircraft and aerospace, railways, vehicle assembly, marine, windshields, automotive module sealing, and so on, make up the market. The global automobile manufacturing sector is booming at a steady pace, with Asia-Pacific and Europe seeing constant increases in overall car production. However, in 2019, the trend reversed, with vehicle manufacturing falling in the aforementioned locations. Many automotive OEMs are focusing on developing their manufacturing facilities in the regions due to factors such as low skilled labour prices, ample raw material availability, and regular developments in manufacturing technologies. Car companies such as Chevrolet, Daimler, Jeep, Audi, Volvo, and Kia have either established or plan to establish vehicle manufacturing plants in the Asia-Pacific region. During the forecast period, this is expected to boost demand for elastic bonding adhesives.

Elastic Adhesive Market Regional Insights:

Asia-Pacific region is expected to dominate the Elastic Adhesive Market during the forecast period 2022-2027. Asia-Pacific region is expected to hold the largest market share of xx% by 2027. With steady growth in new building projects and established industrial and automotive industries, Asia-Pacific is expected to be the leading region in the elastic adhesives market. China, India, Indonesia, Thailand, and Vietnam are among the leading countries driving demand for these adhesives. China continues to be the region's economic powerhouse, with well-known car manufacturing. Approximately half of the entire automobile manufacturing in the region is produced in the country. Japan, India, South Korea, and Thailand are also big automobile producers. In addition, Japan and South Korea have a strong shipbuilding industry in the region, which is expected to boost demand for these adhesives. As the demand for commercial and residential construction rises, China and India are seeing increased investment in the construction sector. Due to the unexpected emergence of COVID-19, investment stopped. However, by 2021, it is expected to pick up again. During the forecast period, these factors are expected to have a significant impact on the demand for elastic bonding adhesives and sealants. Elastic Adhesive MarketThe objective of the report is to present a comprehensive analysis of the Global Elastic Adhesive Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Elastic Adhesive Market dynamic and structure by analyzing the market segments and projecting the Global Elastic Adhesive Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Elastic Adhesive Market make the report investor’s guide.

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Global Elastic Adhesive Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 18.53 Bn.
Forecast Period 2022 to 2027 CAGR: 6.6% Market Size in 2027: US $ 27.19 Bn.
Segments Covered: by Resin • Polyurethane • Silicone • SMP • Others
by End-Use Industries • Construction • Industrial • Automotive & transportation

Elastic Adhesive Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Elastic Adhesive Market Key Players

Henkel (Germany) • Arkema (France) • 3M (US) • Weicon (Germany) • Sika (Switzerland) • Wacker Chemie (Germany) • DOW Chemical (US) • Threebond (US) • H.B. Fuller (US) • Cemedine (Japan) • Mapei (Italy) • Grupo Celo (Spain) • Beijing Comens New Materials (China) • Hermann Otto (Germany) • Kleiberit (Germany) Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Elastic Adhesive Market? Ans. Asia Pacific region is expected to hold the highest share in the Elastic Adhesive Market. 2] Who are the top key players in the Elastic Adhesive Market? Ans. Henkel (Germany), Arkema (France), 3M (US), Weicon (Germany), and Sika (Switzerland) are the top key players in the Elastic Adhesive Market. 3] Which segment is expected to hold the largest market share in the Elastic Adhesive Market by 2027? Ans. Polyurethane resin segment is expected to hold the largest market share in the Elastic Adhesive Market by 2027. 4] What is the market size of the Elastic Adhesive Market by 2027? Ans. The market size of the Elastic Adhesive Market is expected to reach US $27.19 Bn. by 2027. 5] What was the market size of the Elastic Adhesive Market in 2021? Ans. The market size of the Elastic Adhesive Market was worth US $18.53 Bn. in 2021.
1. Global Elastic Adhesive Market: Research Methodology 2. Global Elastic Adhesive Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to the Global Elastic Adhesive Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Elastic Adhesive Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Elastic Adhesive Market Segmentation 4.1 Global Elastic Adhesive Market, by Resin (2022-2027) • Polyurethane • Silicone • SMP • Others 4.2 Global Elastic Adhesive Market, by End-Use Industries (2022-2027) • Construction • Industrial • Automotive & transportation 5. North America Elastic Adhesive Market (2022-2027) 5.1 North America Elastic Adhesive Market, by Resin (2022-2027) • Polyurethane • Silicone • SMP • Others 5.2 North America Elastic Adhesive Market, by End-Use Industries (2022-2027) • Construction • Industrial • Automotive & transportation 5.3 North America Elastic Adhesive Market, by Country (2022-2027) • United States • Canada • Mexico 6. Europe Elastic Adhesive Market (2022-2027) 6.1. Europe Elastic Adhesive Market, by Resin (2022-2027) 6.2. Europe Elastic Adhesive Market, by End-Use Industries (2022-2027) 6.3. Europe Elastic Adhesive Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Elastic Adhesive Market (2022-2027) 7.1. Asia Pacific Elastic Adhesive Market, by Resin (2022-2027) 7.2. Asia Pacific Elastic Adhesive Market, by End-Use Industries (2022-2027) 7.3. Asia Pacific Elastic Adhesive Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. South America Elastic Adhesive Market (2022-2027) 8.1. South America Elastic Adhesive Market, by Resin (2022-2027) 8.2. South America Elastic Adhesive Market, by End-Use Industries (2022-2027) 8.3. South America Elastic Adhesive Market, by Country (2022-2027) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa Elastic Adhesive Market (2022-2027) 9.1 Middle East and Africa Elastic Adhesive Market, by Resin (2022-2027) 9.2. Middle East and Africa Elastic Adhesive Market, by End-Use Industries (2022-2027) 9.3. Middle East and Africa Elastic Adhesive Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 10. Company Profile: Key players 10.1 Henkel (Germany) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Arkema (France) 10.3 3M (US) 10.4 Weicon (Germany) 10.5 Sika (Switzerland) 10.6 Wacker Chemie (Germany) 10.7 DOW Chemical (US) 10.8 Threebond (US) 10.9 H.B. Fuller (US) 10.10 Cemedine (Japan) 10.11 Mapei (Italy) 10.12 Grupo Celo (Spain) 10.13 Beijing Comens New Materials (China) 10.14 Hermann Otto (Germany) 10.15 Kleiberit (Germany)

About This Report

Report ID 4717
Category Material & Chemical
Published Date Nov 2019
Updated Date June 2022
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