Elastic Adhesives Market Demand, Application, COVID-19 Analysis, Share, Forecast 2023

Elastic Adhesives Market Overview

The global elastic adhesives market is expected to exhibit strong progress over the forecast period till 2023, according to the latest market report from Market Research Future (MRFR). The global elastic adhesives market is mainly driven by the growing demand from the construction industry in developing economies such as China, India, and South Korea. Growing demand for stronger adhesives in the construction industry is likely to be a major driver for the global elastic adhesives market over the forecast period. The report examines the major drivers and restraints affecting the global elastic adhesives market and compiles a detailed statistical database about the market’s growth trajectory over the historical review period. The leading players in the global COVID-19 analysis on elastic adhesives market are also profiled in the report.

The construction industry is the major consumer for the elastic adhesives market application, followed by the automotive and aerospace industries. The marine sector also accounts for a sizeable share in the global elastic adhesives market. The growing construction industry in India, China, South Korea, the Philippines, Brazil, South Africa, Egypt, and other developing economies has been a major driver for the global elastic adhesives market. The global elastic adhesives market is also driven by the growing regulatory oversight in the construction industry in developing Asia Pacific economies, which has driven the demand for high-quality components. Growing demand for sturdy, long lasting construction in the infrastructure sector is likely to be a major driver for the global elastic adhesives industry.

The automotive and aerospace industries are also likely to be the biggest industries inducing demand in the elastic adhesives market due to the growing demand for lightweight construction in both industries. The aerospace industry has grown at a high rate recently due to the high demand for commercial aircraft. This has driven new production in the industry, leading to a growing demand for high-quality components such as elastic adhesives. The automotive industry is also likely to remain a notable player in the elastic adhesives market, with the growing demand for lightweight vehicles likely to drive the demand for elastic adhesives.

Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/elastic-adhesive-market-6031

Elastic Adhesives Market Competitive Analysis:

Leading players in the global elastic adhesives market include SAMEDIA, Mapei Construction Products India Pvt. Ltd., WEICON GmbH & Co KG, ThreeBond Holdings Co., Cemedine Co. Ltd., H. B. Fuller, Wacker Chemie AG, 3M, DowDuPont, Arkema, and Henkel AG & Co KGaA. Major players in the elastic adhesives market are likely to focus on product development in the coming years, with applications likely to open up in a number of end-use industries.

In September 2019, Sika showcased the SikaTack panel system, designed for construction applications.

Elastic Adhesives Market Segmentation:

The global elastic adhesives market report is segmented on the basis of type, application, end-use industries, and region.

On the basis of type, the market is segregated into silicone, silicone modified polymers, polyurethane, and others. Silicone is further sub-segmented into denatured silicone and blend of denatured silicone and epoxy.

Based on the application, the market is segmented into building maintenance, domestic appliances, floor covering, automobiles, aircraft, ships, and others. Building maintenance and floor covering collectively account for more than 50% of the global elastic adhesives market, underlining the importance of the construction industry as a consumer for the elastic adhesive market.

Based on the end use industry, it is segmented into transportation, construction, packaging & labelling, electronics, and others.

Regional Analysis:

Asia Pacific is likely to be the leading regional market over the forecast period due to the growing demand for elastic adhesives in construction and automotive applications. The domestic construction sector in many countries in this region has undergone rapid growth over the last few years due to the growing influx of rural immigrants into the developing urban areas. This has driven the demand for high-quality components such as elastic adhesives.

Read more reports details at: https://www.marketresearchfuture.com/categories/chemicals-market-report

Read more details at: https://www.marketresearchfuture.com/infographics

Read more details at: https://www.marketresearchfuture.com/videos

NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of market and industries. Cordially get in touch for more details.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact

Market Research Future

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Silicone Sealants Market, Global Industry Share, Growth, Overview and Analysis 2025

Image
Silicone Sealants   Market Overview Silicone sealants are the viscous materials which are widely used as a silicone sealant. The silicone sealants are highly stable, inert, resistant to the extreme work environments. The silicone sealants differ from the common adhesives in terms of the elasticity, strength and durability. The substantial physical properties exhibited by the silicone sealants includes the high withstand ability for a wider range of temperature (75°F to 500°F) as compared to nearly all other sealants, great elongation, high wear and tear strength, and high flexibility. Silicone Sealants   Market Segmentation The global silicone sealants market has been segmented on the basis of technology, end-use, and region. Based on technology, the global  silicone sealants market  analysis  has been segmented into pressure sensitive, radiation curing, ambient temperature vulcanizing, thermoset and others. Among these, the pressure sensitive segment is...
Read more

Global Oolong Tea Industry: COVID-19 Overview, Application, Growth and Forecast 2024

Oolong Tea Market Overview: Oolong Tea Market is projected to grow at a CAGR over 4.5% during the period 2017- 2023. Increasing sale of oolong tea is driven by rising awareness among the consumers about the health benefits gained from consumption of oolong tea in its chemical-free form. High antioxidant content of oolong tea makes its application more significant in personal care products due to its anti-ageing properties. Increased nutraceutical application of tea has resulted in growth of share in the nutraceuticals industry. Increasing disposable income and economy development has influenced the consumers spending behavior leading to increased expenditure on quality products. All these factors contribute to increased market share of oolong tea globally. The consumption as well as production of oolong tea is found to be high in Asia-Pacific region and is evaluated to increase at a growth rate in various countries of North America and Europe. Oolong Tea Market Key Manufacturers:...
Read more

Ceramic Fiber Market Size, Growth, Analysis, Overview & Trends during Forecast 2030

  Ceramic Fiber Market overview The global ceramic fiber market has been segmented by type, product form, end-use industry, and region. By type, the global ceramic fiber market has been divided into refractory ceramic fiber, alkaline earth silicone, and others. The refractory ceramic fiber type accounted for the largest market share in 2017 owing to its high insulating property. However, this type has been classified as possibly carcinogenic to humans by the Agency for Research on Cancer. Inhalation of the refractory ceramic fiber results in sore throat, nasal congestion, and cough whereas dermal exposure results in contact dermatitis and itching. This has resulted in a declining use of refractory ceramic fiber. The alkaline earth silicone type is expected to register a higher CAGR as it is bio-soluble and is non-hazardous. On the basis of the product form, the market has been segmented into blankets, rope, paper, board, blocks, cloth, module, and others. The module prod...
Read more