The global elastic adhesive market size was US$ 19.74 Bn. in 2022 and is expected to reach US$ 35.08 Bn, growing at a CAGR of 6.6% from 2023 to 2031.
Elastic adhesives are necessary substances with diverse adhesive characteristics and high elasticity, similar to rubber. When given any form of hardening treatment, they experience little distortion or shrinkage and can withstand shock and vibration without suffering any exterior issues. Industry, construction, automotive, and transportation are significant end-use markets for elastic adhesives. The term "elastic adhesives" refers to all-purpose adhesives that offer great binding strength to various materials. The glue forms a robust, elastic substance that resembles rubber when it has dried and cured.
Market Driving Factors
The market is expanding as a result of elements such as rising demand for glazing and window panel applications and improvements in bonding, which in turn spur new uses. Opportunities like the rising need for long-lasting, environmentally friendly, and non-hazardous elastic sealants and adhesives are also assisting market expansion.
The enormous need for products in the building and construction, packaging and labeling, and transportation industries will drive industry growth during the upcoming years. These products produce low contraction distortion after curing and suppleness akin to rubber. Additionally, they give the goods great flexibility, impact resistance, and peel strength. Over the projected timeframe, the industry will increase owing to all these positive characteristics.
On the other hand, the end-user preference for traditional sealants or lack of knowledge about the availability of elastic adhesives and sealants may slow down the expansion of the elastic adhesive market.
Segmentation Overview
Based on Resin Type
By 2031, the polyurethane resin market share is likely to generate the highest revenue share. Polyurethanes are frequently used to bond windscreens, side and rear windows of passenger cars, lorries, tractors, and special vehicles due to their excellent adherence and paintability. Due to their great elongation capabilities and stronger bonding, PU adhesives are used to bind the windscreens and windows of passenger cars, trucks, tractors, and special vehicles.
Based on End-User
The automotive & transportation segment is likely to expand quickly at a CAGR from 2023 to 2031. Good cohesion, adhesion, elasticity, high cohesive strength, flexibility, and better peel strength are just a few of the traits and qualities that elastic adhesives and sealants offer. It guards against corrosion, UV rays, seas, rain, and other environmental weathering factors that could weaken the physical and chemical binding of the adhesive.
Regional Analysis
The Asia Pacific region dominated the global market and is likely to generate the highest CAGR during the forecast period. This is due to the steady expansion of new construction projects and existing industrial and automotive industries. Among the main markets for these adhesives are China, India, Indonesia, Thailand, and Vietnam.
China, which produces renowned automobiles, is still the economic hub of the region. Approximately half of the region's total vehicle production is made in the nation. Thailand, South Korea, Japan, India, and India are all major vehicle producers. In addition, Japan and South Korea dominate the region's shipbuilding sector, which is expected to increase demand for these adhesives.
China and India are seeing more investment in the building sector as demand for office and residential construction increases. The investment was halted as a result of COVID-19's unexpected appearance. It is anticipated to pick back up in 2023. These elements are anticipated to have a sizable effect on the demand for elastic bonding adhesives and sealants throughout the forecast period.
Prominent Players
Segmentation Outline
The global elastic adhesive market segmentation focuses on Resin, Application, End-Use Industries, and Region.
By Resin
By Application
By End-Use Industries
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL ELASTIC ADHESIVE MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: ELASTIC ADHESIVE MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL ELASTIC ADHESIVE MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL ELASTIC ADHESIVE MARKET, BY RESIN
5.1 OVERVIEW
5.2 POLYURETHANE
5.3 SILICONE
5.4 SMP
5.5 OTHERS
6 GLOBAL ELASTIC ADHESIVE MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 BUILDING MAINTENANCE
6.3 FLOOR COVERING
6.4 AUTOMOBILES
7 GLOBAL ELASTIC ADHESIVE MARKET, BY END-USE INDUSTRIES
7.1 OVERVIEW
7.2 CONSTRUCTION
7.3 INDUSTRIAL
7.4 AUTOMOTIVE & TRANSPORTATION
8 GLOBAL ELASTIC ADHESIVE MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL ELASTIC ADHESIVE MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 HENKEL
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 ARKEMA
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 3M
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 WEICON
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 SIKA
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 WACKER CHEMIE
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 DOW CHEMICAL
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 THREEBOND
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 H.B. FULLER
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 CEMEDINE
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 MAPEI
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 GRUPO CELO
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 BEIJING COMENS NEW MATERIALS
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 HERMANN OTTO
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 KLEIBERIT
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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