07-Oct-2021 | Zion Market Research
Major companies in the Elastic Bonding Adhesive & Sealant Market are Dow Inc., Wacker Chemie AG, Henkel Corporation, Threebond Group, Kaneka Corporation, H. B. Fuller, Sika AG, Arkema S.A., 3M Company and Weicon GmbH & Co. KG among others. These players are set to bolster the development of the global Elastic Bonding Adhesive & Sealant Market.
According to analysts at Zion Market Research, the global Elastic Bonding Adhesive & Sealant market accounted for USD 17,045.1 Million in 2020 and is expected to reach USD 27,076 Million by 2028, growing at a CAGR of 6.2% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Elastic Bonding Adhesive & Sealant Market By Resin Type (Polyurethane, Silicone, Silane Modified Polymers and Others), By End-use Industry (Building and Construction, Automotive and Transportation and Others), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Rising Automotive Sector to Propel Growth
Some of the growth factors of the global Elastic Bonding Adhesive & Sealant market are growing automotive sector in the developed region, high demand in the emerging economies for Elastic Bonding Adhesive & Sealant. In addition, reviving construction industries is also fuelling the demand for Elastic Bonding Adhesive & Sealant across the world.
Manufacturers are focusing on the production of eco-friendly products in the highly regulated markets, which further propels the global market. Escalating demand for Elastic Bonding Adhesive & Sealant in industries, such as automotive, flooring, sanitary, glazing, and others may enhance overall Elastic Bonding Adhesive & Sealants consumption.
Rising Manufacturing Industry to Assist North America Growth
North America has been dominating the global Elastic Bonding Adhesive & Sealant market. Increasing development in this region is backed by increased manufacturing growth and the entry of novel industrial applications. Additionally, rising construction and automotive sectors are anticipated to foster the Elastic Bonding Adhesive & Sealant market growth, in the region.
Browse the full “Elastic Bonding Adhesive & Sealant Market By Resin Type (Polyurethane, Silicone, Silane Modified Polymers and Others), By End-use Industry (Building and Construction, Automotive and Transportation and Others), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/elastic-bonding-adhesive-sealant-market
Europe contributed for a notable market share in the global market. Subsequently, growth in developed economies in European countries is expected to fuel the global Elastic Bonding Adhesive & Sealant market in the future.
The global elastic bonding adhesive & sealant market is segmented as follows:
By Resin Type
By End-use Industry
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