Elastic Bonding Adhesive Market is expected to grow at a CAGR of 7% during the forecast period i.e. 2018 to 2023. The elastic bonding adhesive & sealant applications are penetrating at a significant rate in the end-user industry markets. The Asia-Pacific region is expected to dominate the global market in the forecast period with its exponential growing demand for elastic bonding adhesive & sealant in different application segments, such as flooring, Glazing, Automotive.
What are Elastic Bonding Adhesives and Sealants?
Elastic bonding is a new fastening technique used by the Elastic Bonding Adhesives and Sealants which bonds two different materials together with a layer of thin permanent elastic adhesive and offers resistance to impact and flexibility to materials. After they cure, these adhesives form a strong and flexible elastic bond. They absorb external stress caused by the shock and have very low distortion while undergoing curing treatment.
This report incorporates an in-depth assessment of Elastic Bonding Adhesives and Sealants market by materials, type, applications and geography.
Major applications of Elastic Bonding Adhesives and Sealants:
Elastic Bonding Adhesives and Sealants are used in many industries like Construction where it serves at Flooring, Glazing, Insulating, Roofing and Tiling and in Automobile Industry, It serves as Rail Adhesive, Marine Adhesive, Bus/Truck Adhesive because it possesses a number of advantages such as Excellent colour stability and UV resistance, Environmentally safe and user-friendly – free of isocyanates, solvents and halogens, Fast curing & odorless, Primerless adhesion on almost every substrate, Excellent adhesion on damp substrates and Excellent weathering resistance.
Trends in Elastic Bonding Adhesives and Sealants Market:
- The usage of adhesives for composite joints are being increased consistently in numerous applications such as aerospace, consumer packaging and automotive. The demand for the usage of composites, owing to their properties such as increased stiffness, flexible designs, reduction in weight, enhanced environmental resistance and improved aesthetics has been increasing consistently.
- Emerging trends which have a direct impact on the dynamics of the adhesive industry which include increasing penetration of carbon, thermoplastic composites and Strategic alliances between Original Equipment Manufacturers (OEMs) and resin suppliers in the automotive industry are also included. Therefore an increase in demand for composite has driven the demand for adhesives and sealants across the globe.
- Silicone sealants are used in many applications due to their excellent properties. The main end-user industries for these sealants are automotive, aerospace, Electronics and building & construction. The demand for Silicone sealants is expected to increase in the automotive and electronics sector due to its property to withstand extreme temperatures.
- In December of 2017: Henkel AG & Company had acquired Darex Packaging Technologies, the supplier of sealants and coatings for $1.05 billion.
- In August of 2017, Sika Group acquired ABC Sealants, a leading Turkish based manufacturer of sealants and adhesives headquartered in Istanbul.
Major Players in Elastic Bonding Adhesives and Sealants market:
The companies referred to in the market research report includes Key industry players in the Architectural Coatings market. They are Weicon GmbH & Co. KG (Germany), Sika A.G. (Switzerland), Henkel Corporation (Germany), 3M (U.S.), H.B. Fuller (U.S.), Bostik (France), Wacker Chemie (Germany), Cemedine (Japan), Dow Chemical Company (U.S.), ThreeBond Group (Japan) among others.
What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.
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Key Takeaways from this Report
- Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
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- Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.