Global Elastic Bonding Adhesive and Sealant Market, By Product Type (Silyl and Silane Modified Polymers, Polyurethane, Silicone and Other Products), Application (Industrial, Construction, Automotive and Transportation, Assembly Operations, and Wood Working), End- User Industry (Automotive and Transportation, Building and Construction, Industrial and Other End-user Industries), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Elastic Bonding Adhesive and Sealant Market
Data Bridge Market Research analyses that the elastic bonding adhesive and sealant market will witness a CAGR of 5.67% for the forecast period of 2021-2028. Rising demand for elastic bonding adhesive and sealant for roofing applications, rising urbanization or construction activities especially in the developing economies and growth and expansion of automotive industry are the major factors attributable to the growth of the elastic bonding adhesive and sealant market.
The role of elastic bonding adhesive and sealant is to induce elasticity between the two or more materials when they are bonded. The elastic bonding adhesive and sealant method is comparatively quicker than the traditionally used methods. It involves addition of a thin layer of permanent elastic adhesive when the materials are being bonded.
Increasing revolutionary advancements for safety and ease of application is the root cause fuelling up the elastic bonding adhesive and sealant market growth rate. Rising infrastructural development and growth in the construction activities especially in the developing economies will further create lucrative growth opportunities for the elastic bonding adhesive and sealant market. Rising industrialization and increased for glazing and panels in new high-rise buildings will further induce growth in the demand for elastic bonding adhesive and sealant.
However, stringent regulations imposed by the government on the application of elastic bonding adhesive and sealant will further restrict the scope of growth for the elastic bonding adhesive and sealant market. Fluctuations in the prices and supply of raw material will further derail the elastic bonding adhesive and sealant market growth rate.
This elastic bonding adhesive and sealant market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on elastic bonding adhesive and sealant market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Elastic Bonding Adhesive and Sealant Market Scope and Market Size
The elastic bonding adhesive and sealant market is segmented on the basis of product type, application and end- user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product type, the elastic bonding adhesive and sealant market is segmented into polyester silyl and silane modified polymers, polyurethane, silicone and other products.
- On the basis of application, the elastic bonding adhesive and sealant market is segmented into industrial, construction, automotive and transportation, assembly operations, and wood working. Construction segment is sub-segmented into flooring, insulating, wall covering, roofing, tiling and glazing. Automotive and transportation segment is sub-segmented into rail adhesives, marine adhesives, bus/ truck adhesives and aircraft. Assembly operations segment is sub-segmented into appliances, electronic equipment, metal cabinets and housings and others. Wood working segment is sub-segmented into cabinet making, furniture, windows and doors and upholstery.
- On the basis of end- user industry, the elastic bonding adhesive and sealant market is segmented into automotive and transportation, building and construction, industrial and other end-user industries.
Global Elastic Bonding Adhesive and Sealant Market Country Level Analysis
Global elastic bonding adhesive and sealant market is analysed and market size, volume information is provided by country, product type, application and end- user industry as referenced above.
The countries covered in the elastic bonding adhesive and sealant market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the elastic bonding adhesive and sealant market and will continue to flourish its trend of dominance during the forecast period as well. Growth and expansion of buildings and construction industry owing to rising infrastructural development and urbanization will propel growth in the demand for elastic bonding adhesive and sealant. India and China will emerge as the major contributors from the region. This is because of the abundant availability of raw materials.
The country section of the elastic bonding adhesive and sealant market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Elastic Bonding Adhesive and Sealant Market Share Analysis
The elastic bonding adhesive and sealant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to elastic bonding adhesive and sealant market.
The major players covered in the elastic bonding adhesive and sealant market report are Akzo Nobel N.V., Henkel Adhesives Technologies India Private Limited, PPG Industries, Inc., Wacker Chemie AG, Axalta Coating Systems, Dow, Clariant AG, 3M, Sika AG, H.B. Fuller Company, Bostik, WEICON GmbH & Co. KG, RPM International Inc., ThreeBond Holdings Co., Ltd., Huntsman International LLC, AVERY DENNISON CORPORATION, CEMEDINE Co.,Ltd., MAPEI S.p.A., Illinois Tool Works Inc. and Dymax among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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