Elastic Adhesive Market Research Report ? Forecast to 2023

Posted by Avinash on October 22nd, 2018

Industry News

A research team from the Kiel University has succeeded in boosting the adhesive effect of a silicone material significantly. The researchers combined two methods. They firstly structured the surface on the microscale based on the example of beetle feet and then treated it with plasma. The adhesiveness of the structured material was found to change drastically if bent to varying degrees. Their results can be interesting for the development of tiny robots and gripping devices. 

Competitive Analysis

The global players operating the Elastic Adhesive Market are Arkema (France), WEICON GmbH & Co.KG (Germany), Mapei Construction Products India Pvt Ltd (India), SAMEDIA (Germany), Wacker Chemie AG (Germany), 3M (U.S.), KGaA (Germany), H.B. Fuller (U.S.), CEMEDINE Co. Ltd (Japan), DowDuPont (U.S.), ThreeBond Holdings Co. Ltd (Japan), Henkel AG & Co., and others.

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Market Synopsis

The Global Elastic Adhesive Market is anticipated to expand at a significant CAGR during the forecast period (2018-2023) owing to the growing investment in the construction industry, asserts Market Research Future (MRFR). Elastic Adhesives are used to bond and seal dissimilar substrates like trains, buses, and washing machines that require to withstand vibration. Elastic Adhesive offer rubber-like elasticity and adhesive properties like low contraction distortion when curing. They also provide flexibility, high peel strength, and impact resistance which make them suitable for use in several industries like packaging & labeling, transportation, and building & construction.

Drivers and Constraints Impacting the Market

With the growing investment in residential and non-residential construction industry, the Global Elastic Adhesive Market is likely to boom over the forecast period. Elastic Adhesive is extensively used in construction activities such as tiling, tile grout, subfloor preparation, and flooring. The rapid expansion of construction industry in the developing countries like China and India along with increasing disposable income is likely to augment the market growth over the review period. Moreover, the expanding automotive industry along with the growing demand for lightweight vehicles is stimulating the product demand.

On the flip side, the decrease in acceptance rate and lack of knowledge regarding Elastic Adhesives is anticipated to inhibit the market growth over the assessment period.

Global Elastic Adhesive Market: Segmental Analysis

The Global Elastic Adhesive Market is segmented on the basis of Application, Type, End-Use Industry, and Region.

By Mode of Type, the Global Elastic Adhesive Market is segmented into silicone, silicone modified polymers, polyurethane, and others. Among these, the silicone segment is further sub-segmented into blend of denatured silicone and epoxy and denatured silicone. The silicone-modified polymers are the most preferred ones among all the types owing to high impact strength, UV resistance, and weatherability.

By Mode of Application, the market is segmented into ships, aircraft, domestic appliances, floor covering, automobiles, building maintenance, and others. Among these, the building and construction segment accounts for the largest market share owing to the growing residential and non-residential construction industry.

By Mode of End-Use Industry, the market is segmented into electronics, construction, packaging & labeling, transportation, and others. Among these, the construction industry accounts for the largest market share owing to the increasing investment in infrastructural activities by the government.

Regional Insights

Geographically, the elastic adhesive market spans across Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

Among all the regions, Asia Pacific is predicted to be the fastest growing region due to the increasing construction industry along with rising investment in residential activities. Also, the increasing disposable income of the consumers is predicted to augment the market growth in this region.

North America is anticipated to hold the second position in the global market with reviving automotive industry owing to the growing demand for fuel-efficient vehicles. The European region is expected to showcase a significant growth owing to the expanding construction and packaging and labeling industry.

Meanwhile, the Middle East and Africa and Latin America are likely to witness a moderate growth rate due to increasing investment in the construction industry along with the growing demand for automobiles.

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Joined: November 22nd, 2017
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