Global Elastic Adhesive Market Projected To Expand At A 6.7% CAGR During The Forecast Period

18-Sep-2020 | Zion Market Research

As per the analysts at Zion Market Research, the global elastic adhesive market is anticipated to attain a value of around USD 23.46 billion by 2026, from about USD 16.80 billion in 2019, registering around 6.7% CAGR during the forecast period. Few of the prominent players in the global elastic adhesive market are 3M, H.B. Fuller Company, DowDuPont Inc., Henkel AG & CO. KGAA, Threebond Holdings Co., Ltd., Weicon GmbH & Co. KG, Arkema (Bostik), Sika AG, Cemedine Co., Ltd., and Beijing Comens New Materials Co., Ltd. This market is extremely fragmented and the key contenders have utilized several approaches like expansions, new product launches, joint ventures, agreements, acquisitions, partnerships, and others to strengthen their presence within the market. To cite, a deal was inked by Henkel AG & CO. KGAA in May 2017 to purchase Sonderhoff Holding GmbH, which provides high-impact sealing products for industrial assembly. The firm, with this acquirement, will underpin its status within the adhesive technologies business.

Rising Demand From End-Use Industries Projected To Drive Global Market Growth

The growth of the global elastic adhesive market is projected to be mainly driven during the forecast period by the rising product demand from the end-use industries such as transport, construction, & so on together with the increasing requirement for low-carbon-emitting automobiles. Furthermore, the growing need from the panel & glazing applications, increasing need from developing countries, and innovations in adhesive bonding resulting in ease of application are few other factors anticipated to boost the growth of the global market in the years to come. Nevertheless, the dearth of alertness among end-users with regards to the advantages of the elastic adhesives is predicted to hamper the expansion of the elastic adhesive market to some extent.

By End-Use Industry, Automotive & Transportation Segment To Witness Highest Growth Rate

Elastic adhesives are utilized in places needing temperate bonding but high elongation. For makers of the automobile, using elastic adhesives with their multi-functional traits decreases the number of discrete processing steps and allows a more efficient production process. Also, they find several applications in vehicles, like side glass, car body, and front glass windshield. In addition, the purchaser also profits from fuel savings by using elastic-bonded and lightweight materials. Thus, all these factors are projected to fuel the need for elastic adhesives in automotive & transportation further boosting the market growth.

Asia Pacific Region Projected To Dominate The Global Market During The Forecast Period

Regionally, the Asia Pacific region is expected to govern the global elastic adhesives market during the forecast period. The considerable regional growth can be attributed to factors such as the rising requirement from the packaging industries and the enhancing economic conditions. Furthermore, new R&D projects, product innovations, and rising need from numerous end-use industries are also anticipated to augment the elastic adhesive market growth in the Asia Pacific.

Browse the full “Global Elastic Adhesives Market - By End-Use Industry (Industrial, Construction, And Automotive & Transportation), By Resin Type (Silicone, Polyurethane, And SMP), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/elastic-adhesive-market

The global elastic adhesive market is segmented as follows:

By Resin

  • Polyurethane
  • Silicone
  • SMP
  • Others (Rubber, Acrylic, SPS (Polystyrene Sulfonate), Copolymer dispersion, and Epoxy)

By End-Use Industries

  • Construction
  • Industrial
  • Automotive & transportation

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed