Elastic Adhesives Market Size, Share, Trends, Growth and Forecast 2032

Elastic Adhesives Market Insights

According to Zion Market Research, the global Elastic Adhesives Market was worth USD 21.84 Billion in 2023. The market is forecast to reach USD 37.76 Billion by 2032, growing at a compound annual growth rate (CAGR) of 6.27% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Elastic Adhesives industry over the next decade.

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Introduction

Elastic adhesives are versatile adhesives providing outstanding strength to myriad kinds of materials. After curing, these products form a robust, rubber-like, and flexible body. Moreover, elastic adhesives find a slew of applications in automotive sector such as bonding & fixing of vehicle parts. The product is also used in bonding & sealing medical, electric, and electronic device. Furthermore, elastic adhesives are utilized in sealing of large number of household articles as well as bonding of plastics, metals, and rubber. Additionally, these products provide excellent resistance to shock & vibration and offers relaxation from stress.

Market Growth Dynamics

Humungous use of the product in construction & building, packaging & labeling, and transport sectors will steer the expansion of the elastic adhesives industry over the forecasting years.  These products impart a rubber-like elasticity as well as low contraction distortion post curing. In addition to this, they also provide high peel strength, impact resistance, and flexibility to the items. All these beneficial features will spur the industry growth over the estimated timespan.

Furthermore, elastic adhesives are extensively used in flooring, sub-floor preparation, and tilling across the construction industry. Swiftly expanding construction sector in the developing countries like China and India will increase the market penetration in the forthcoming years. Apparently, strict execution of environmental laws ensuring reduction in atmospheric pollution will create lucrative growth avenues for the elastic adhesive industry over the forecasting timespan. Thriving tourism sector as well as aviation sector will increase the product sales.

Elastic Adhesives Market: Report Scope

Asia Pacific To Lead Overall Market Growth Over 2024-2032

The growth of the market in Asia Pacific over the estimated timespan is due to increase in the allocation of funds for building robust infrastructure in the region. Furthermore, launching of smart city project initiatives in the countries like China and India will further culminate in the growth of the regional market in the years ahead.

Key players profiled in the report are -

• Arkema (Bostik)
• 3M
• Cemedine Co.
• H.B. Fuller Company
• DowDuPont Inc.
• Weicon GmbH & Co. KG
• Sika AG
• Henkel AG & CO. KGAA
• Threebond Holdings Co.
• Beijing Comens New Materials Co.

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