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Petro-Based Adhesives are Being Replaced by Eco-Friendly Elastic Bonding Adhesive & Sealants.
The elastic bonding adhesive & sealant market is driven by the important global players and their product qualities in the key growth markets. Europe is the largest market, followed by the North American and Asia-Pacific regions. The leading market players have invested huge expenses on research & development and in value chains so as to increase the adhesion, curing time & method, & emission characteristics of the products offered. Also, the leading players are expected to expand their businesses by infusing the growth strategies to sustain such a high demand-oriented market.
Henkel Corporation (Germany), Sika A.G. (Switzerland), Bostik (France), Dow chemical Company (U.S.), 3M (U.S.), H.B. Fuller (U.S.), Wacker Chemie (Germany), Weicon GmbH & Co. KG (Germany), Cemedine (Japan), ThreeBond Group (Japan), and others are the important manufacturers of elastic bonding adhesive & sealants at the global level. Henkel Corporation has been the most active players from 2011 to 2015, in terms of developments in the elastic bonding adhesive & sealant industry. In terms of market activities, investment & expansion and new product launches were the most preferred development strategy followed by these companies. Most of the developments were witnessed in 2013 and 2014, followed by 2011 across the globe. It is expected that the players will enter into joint ventures or expansion or new product launch to cope with the demand and supply in the industry.
The global players are constantly launching new products to fulfill the increasing demand from newer applications & for eco-friendly adhesives, globally. Manufacturers are investing in R&D & capacity expansion to meet the rising demands from the end-user segments.
The European and North American regions are getting highly stringent about the environmental impacts of the adhesives & sealants. The growing environmental and regulatory concerns over the usage of petro-based adhesives are being replaced by eco-friendly elastic bonding adhesive & sealants in European and North American region.
The report categorizes elastic bonding adhesive & sealant into different application segments such as the construction adhesive, construction sealant, industrial adhesive, & industrial sealant. Elastic bonding adhesive & sealants are majorly used in Construction Adhesive and Industrial Adhesive application segments. Transportation & glazing application market for elastic bonding adhesive & sealants are estimated to grow at the highest growth rate of 6.2% between 2015 and 2020, in terms of volume. The Asia-Pacific region, with a CAGR of 9.1 between 2015 and 2020, is the fastest-growing market for elastic bonding adhesive & sealant.
Elastic Bonding Adhesive & Sealant Market by Type (Polyurethane, Silicone, Silane Modified Polymer, & Others), by Application (Construction Adhesive, Industrial Adhesive, Construction Sealants, & Industrial Sealants) - Global Forecast to 2020.
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