Elastic Adhesive Market | Top Companies, Regional Growth Overview and Growth Factors Details by Regions, Types & Applications 2023

“Elastic Adhesive Market”
Global Elastic Adhesive Market Information: By Type (Silicone Modified Polymers, Silicone), Application (Building Maintenance, Floor Covering, and Automobiles), By End Use (Construction, Transportation), By Region: Forecast Till 2023

Market Segmentation

The Global Elastic Adhesives Market is segmented by type, application, end-use industries, and region. On the basis of the type, the market is segmented into silicone modified polymers, silicone, polyurethane, and others. The silicone type is sub-segmented into denatured silicone and blend of denatured silicone and epoxy. Among these silicone modified polymers are the most preferred Elastic Adhesives owing to UV resistance, weatherability, and high impact strength. The product is widely used in the building & construction and transportation industry as a result of its superior properties. Polyurethane is increasingly used in home furnishing such as furniture, carpeting & betting, and for bonding windscreens, side & rear window of vehicles.

Based on the Application, the market is segmented into building maintenance, floor covering, automobiles, aircraft, ships, domestic appliances, and others. The building & construction industry accounted for the largest share due to rising residential and non-residential construction industry. The product is preferred in panel and glazing as it limits the use of screws, nails and fillet bonders. The product use is increasing in wood flooring, especially in the marine ships owing to sound dampening and even stress distribution. Elastic Adhesive finds application in domestic appliances for bonding and sealing of the substrates.

Based on the End Use Industry, the market is segmented into construction, transportation, packaging & labeling, electronics and others. Construction industry accounted for the largest market share as a result of rising investment in the infrastructural activities by the government.

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Competitive Analysis

Some of the prominent players in the Global Elastic Adhesives Market are Arkema SA (France), DowDuPont (U.S.), 3M (U.S.), ThreeBond Holdings Co., Ltd (Japan), Wacker Chemie AG (Germany), Henkel AG & Co., KGaA (Germany), CEMEDINE Co., ltd (Japan), WEICON GmbH & Co.KG (Germany), Mapei Construction Products India Pvt Ltd (India), H.B. Fuller (U.S.), and SAMEDIA (Germany).

Regional Analysis

Based on the Region, the Elastic Adhesives Market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific is the fastest growing region in the Elastic Adhesives Market owing to the growing construction industry with rising investment in the residential activities coupled with rising disposable income of the consumers.

North America is the second largest region in the market with reviving automotive industry as a result of increasing demand for the fuel-efficient vehicles.

Europe is another significant region in the market due to rapidly expanding construction and packaging & labeling industry. Moreover, rising regulations relating to carbon emission is stimulating the product demand.

Latin America and the Middle East & Africa are likely to witness a moderate growth during the review period with growing demand for automobiles and rising investment on residential and non-residential construction activities.       

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