Elastic Adhesive Market expands with rising investment in the residential and no

Posted by rohan on January 7th, 2020

Market Overview:

Elastic adhesives are employed for bonding and sealing substrates that are not similar to buses, trains and washing machines which require to withstand vibration. Superior properties of these adhesives make them a good fit for employment in different businesses like building & construction, transportation, and packaging & labeling. They offer durable rubber-like elasticity and adhesive properties like low contraction distortion while curing. They also supply high peel strength, flexibility, and impact resistance. The global elastic adhesive market was worth USD 15.50 billion in 2018 and is estimated to reach close to USD 21.4 billion by 2023 at a CAGR of 6.71%.

Market drivers and restraints:

The global elastic adhesive market is propelled by rising investment in the residential and non-residential construction business. The product is broadly employed in construction activities like tiling, flooring, tile grout, and subfloor preparation. The quickly growing construction business in the growing economies like India and China, coupled with increasing disposable income, is boosting the market expansion. Rising spending on construction activities by the government for infrastructural development is probable to drive the market expansion across world regions.

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Report segmented as:

By type:

  • silicone modified polymers
  • silicone
  • polyurethane
  • others

By application:

  • building maintenance
  • floor covering
  • automobiles
  • aircraft
  • ships
  • domestic appliances
  • others

By end use:

  • construction
  • transportation
  • packaging & labeling
  • electronics
  • others

Geographical analysis:

Based on region, the elastic adhesive market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is expected to expandat highest CAGR, owing to the rising standard of living and escalating government investment in the building & construction segment in this region.

Important market players:

Some of the major players operating in the global elastic adhesive market include 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).

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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Joined: September 20th, 2017
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