The report "Elastic Adhesives & Sealants Market by Resin Type (Polyurethane, Silicone, SMP), End-Use Industry (Construction, Industrial, Automotive & Transportation), Region (North America, Europe, APAC, South America, Middle East & Africa) - Global Forecast to 2024" The market is projected to reach USD 22.3 billion by 2024 at a CAGR of 6.3% during the forecast period. The growth of end-use industries such as construction, industrial, and automotive & transportation as well as growing demand for silicone and SMP adhesives are the key factors driving the elastic adhesives & sealants market.
Browse 145 market data Tables and 40 Figures spread through 176 Pages and in-depth TOC on "Elastic Adhesives & Sealants Market by Resin Type (Polyurethane, Silicone, SMP), End-Use Industry (Construction, Industrial, Automotive & Transportation), Region (North America, Europe, APAC, South America, Middle East & Africa) - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/elastic-bonding-adhesive-sealant-market-234763009.html
The SMP segment is estimated to be the fastest-growing segment of the elastic adhesives & sealants, by resin, during the forecast period.
The market for SMP is projected to grow at the highest CAGR, aided by the stringent environmental regulations. These regulations prohibit the use of highly toxic solvents, which have VOC emissions. As SMP adhesives & sealants are odorless, free of isocyanates and solvents, and emit no VOCs, their demand is expected to increase. In addition, they do not require primers and have adhesion with almost every substrate, excellent weathering resistance, color stability, and UV resistance, and are easily paintable and retain the quality of paint. Henkel AG & CO. KGAA (Germany), Arkema S.A. (France), and others have introduced various new products in the past five years to meet the emerging demand from end-users.
The construction segment is estimated to account for the largest share of in the elastic adhesives & sealants during, by end-use industry, the forecast period.
Traditional fastening techniques such as cement, bolts, and welding are becoming outdated with budding demand for modular construction. Materials being used in modular construction such as plastics, composites, and acrylics require extensive finish work. These cannot be bonded together using the traditional techniques, as these may either not withstand the heat of welding, bolts may hamper the aesthetics, or cannot be bonded with other techniques. This is where elastic adhesives & sealants play an important role. Elastic adhesives & sealants provide strong bonding and excellent stress recovery to retain shape after being pulled or bent.
Elastic adhesives & sealants in APAC is expected to register the highest CAGR during the forecast period.
The APAC elastic adhesives & sealants market is segmented into China, Japan, India, South Korea, Thailand, Malaysia, and Rest of APAC. APAC is an emerging and lucrative market for elastic adhesives & sealants, owing to industrial development and improving economic conditions. This region constitutes approximately 61% of the world’s population, resulting in the growth of the manufacturing and processing sectors.
Major players operating in the elastic adhesives & sealants include Henkel AG & CO. KGAA (Germany), Arkema S.A. (France), H.B. Fuller Company (US), DowDuPont Inc. (US), Sika AG (Switzerland), and 3M Company (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441