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    Elastic Adhesives & Sealants Market | Covid-19 Impact Analysis

    Elastic Adhesives & Sealants Market | Covid-19 Impact Analysis

    Elastic Adhesives & Sealants Market | Covid-19 Impact Analysis
    Report code - SRAM379 Delivery - 2 Weeks
    Elastic Adhesives & Sealants Market Size, Share, Trend, Forecast, & Industry Analy See more...
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    Impact of COVID-19 on Elastic Adhesives & Sealants Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Elastic Adhesives & Sealants Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Elastic Adhesives & Sealants Market Insights

    Elastic Adhesives & Sealants Market is likely to witness an impressive CAGR of 6.2% during the forecast period. The growth in various end-use industries such as industrial, construction, and automotive & transportation is bolstering the demand for elastic adhesives & sealants, which in turn, is likely to drive the market during the forecast period.

    Elastic Adhesives & Sealants Market - Snapshot

    Growth

    6.2% for the next five years

    Major Resin Type

    Polyurethane

    Dominant End-Use Industry and Application Type

    Automotive & Transportation

    Region with the highest demand

    Asia-Pacific

    Key Players

    Some of the major players in manufacturing elastic adhesives & sealants are The 3M Company,  Arkema (Bostik), Beijing Comens New Materials Co., Ltd., CEMEDINE CO., LTD., DowDuPont Inc., H.B. Fuller Company, Henkel AG & CO., KGaA, Henkel AG & CO., KGaA, Threebond Holdings Co., Ltd., and Weicon GmbH & Co. KG.

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    Market Share Analysis

    Elastic Adhesives & Sealants Market Share: By Resin Type

    Based on the resin type, the market is segmented as PU, silicone, Silane-modified polymers (SMP), and others. Polyurethane is expected to hold the largest share of the market during the forecast period. PU-based elastic adhesives and sealants provide high toughness, abrasion resistance, flexibility and strength, low cure temperature, excellent low-temperature resistance, high environmental resistance, and adhesion to a wide variety of substrates. Depending on the structure of thermoset or elastomer and curing techniques, PU adhesives can be elastic or rigid. They are moisture sensitive and have relatively high shear and peel strength. PU adhesives are used in bonding windscreens and windows of passenger cars, trucks, tractors, and special vehicles, owing to their high elongation properties and stronger bonding. They also find applications in bonding fiberglass-reinforced plastic elements such as roof, side, and frontal panels.

    Elastic Adhesives & Sealants Market Share: By End-Use Industry and Application Type

    Based on the end-use industry and application type, the elastic adhesives & sealants market is segmented as construction, industrial, and automotive & transportation. Automotive & transportation is estimated to be the fastest-growing segment of the market during the forecast period. Elastic adhesives & sealants are used in places that require moderate adhesion but high elongation. The use of elastic adhesives with their multi-function properties decreases the number of separate processing stages, thus facilitating a more streamlined production operation for vehicle manufacturers. They are used for various applications in automobiles, such as front glass windshield, side glass, and car body. Further, with the use of lightweight and elastic bonded materials, the customer earns on fuel savings. These factors are expected to drive the demand for elastic adhesives & sealants in the automotive & transportation segment.

    Elastic Adhesives & Sealants Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the fastest-growing elastic adhesives & sealants market during the forecast period, with China, Japan, India, and Indonesia being the major countries with lucrative growth opportunities. The increase in demand from various packaging industries and improving economic conditions are the major factors for the promising market of the Asia-Pacific region. Factors such as new product innovations, new research and development projects, and the increase in demand from different end-use industries have also significantly contributed to the increasing demand for elastic adhesives & sealants in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Some of the major players in the elastic adhesives & sealants market are-

    • The 3M Company
    • Arkema (Bostik)
    • Beijing Comens New Materials Co., Ltd.
    • CEMEDINE CO., LTD.
    • DowDuPont Inc.
    • H.B. Fuller Company
    • Henkel AG & CO.
    • KGaA
    • Henkel AG & CO.
    • KGaA
    • Threebond Holdings Co., Ltd.
    • Weicon GmbH & Co. KG.

     

    Market Scope & Segmentation

    Elastic adhesives & sealants are widely used in areas such as industrial production and assembly. They offer a combined advantage of adhesive bonding and technology of sealing, and also have usage where the elasticity of the material and sealing of joints are the most important factors.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Elastic Adhesives & Sealants Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The elastic adhesives & sealants market is segmented into the following categories. 

    Elastic Adhesives & Sealants Market Size, Share, & Forecast, by Resin Type:

    • PU (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Silicone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Silane-Modified Polymers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Elastic Adhesives & Sealants Market Size, Share, & Forecast, by End-Use Industry and Application Type:

    • Construction
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-Use Industry and Application Type Analysis: Flooring, Off-Site Operations, Glazing, Sanitary & Kitchen, Civil engineering, and Others)
    •  Industrial
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-Use Industry and Application Type Analysis: Assembly, Direct Glazing, and Others)
    • Automotive & Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Elastic Adhesives & Sealants Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the resin types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Elastic Adhesives & Sealants Market in the foreseeable future?

    The elastic adhesives & sealants market is expected to witness an impressive growth of 6.2% CAGR in the foreseeable future.

    Which resin type is expected to hold the largest share of the market?

    Polyurethane is expected to hold the largest share of the elastic adhesives & sealants market in the coming years.

    Which country/region is expected to be the fastest growing Elastic Adhesives & Sealants Market?

    Asia-Pacific is expected to be the fastest growing elastic adhesives & sealants market during the next five years.

    Who are the key players in the Elastic Adhesives & Sealants Market?

    The 3M Company, Arkema (Bostik), Beijing Comens New Materials Co., Ltd., CEMEDINE CO., LTD., DowDuPont Inc., H.B. Fuller Company, Henkel AG & CO., KGaA, Henkel AG & CO., KGaA, Threebond Holdings Co., Ltd., and Weicon GmbH & Co. KG are among the key players in the elastic adhesives & sealants market.

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