The Global Elastic Adhesives Market report 2018-2027 has been prepared By MarketResearch.Biz, based on a deep market analysis with inputs from industry experts. This report covers the market landscape, size, key players, segmentation, production, revenue and its growth prospects for the upcoming years.
Elastic adhesives are materials, that exhibit similar properties such as rubber but offer various adhesive properties in unison. These type of adhesives once cured, form a strong and flexible rubber-like elastic bond. Elastic adhesives also provide improved aesthetics to various consumer durables and windows. These adhesives are also used for glazing as they limit the use of screws, nails, and lightweight fittings. Moreover, they are compatible with various surfaces and are used widely on metal surfaces, painted surfaces, wood, and glass. Major end-use industries for elastic adhesives include construction, industrial, and automotive & transportation.
Elastic Adhesives Market Outlook:
Increasing adoption of elastic adhesives from various end-use industries, such as construction, transport, etc. is a major factor driving the growth of the global elastic adhesives market. In addition, rising demand for low carbon emitting vehicles and increasing number of applications of elastic adhesives are other major factors anticipated to boost the growth of the global elastic adhesives market over the forecast period.
However, lack of awareness among end users about elastic adhesives and their various benefits, especially in developing economies is a major factor restraining the growth of the global elastic adhesives market. Additionally, a minimal acceptance rate of elastic adhesives is another factor expected to hamper the growth of the global elastic adhesives market over the forecast period.
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Elastic Adhesives Market Companies:
- Air Products & Chemicals Inc.
- The Dow Chemical Company
- Arkema Group
- Ashland Inc.
- BASF SE
- Elementis PLC
Elastic Adhesives Market Segmental Overview:
The report analyses the global Elastic Adhesives market, based on end-use industry, and region.
By resin type:
- Silane-Modified Polymers (SMP)
- Automotive & Transportation
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Elastic Adhesives Market by Region:
Currently, the market in the Asia Pacific dominates the global elastic adhesives market in revenue terms owing to increased investment by governments in countries in the region, especially into the construction sector. The market in Europe accounted for second-highest revenue share in the global elastic adhesives market, due to growing demand from the automotive & transportation industries, followed by markets in North America, Latin America, and the Middle East & Africa respectively. The market in the Asia Pacific is projected to witness the fastest growth in terms of revenue, owing to rising income level of the middle-class population and rise in government initiatives for the improvement of healthcare facilities in the region.