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  • Elastic Adhesives & Sealants Market Analysis | 2023-2028

    Elastic Adhesives & Sealants Market Analysis | 2023-2028

    Elastic Adhesives & Sealants Market Analysis | 2023-2028
    Report code - SRAM379 Delivery - 2 Weeks
    Elastic Adhesives & Sealants Market Size, Share, Trend, Forecast & Industry A See more...

    Market Insights

    The Elastic Adhesives & Sealants Market was estimated at US$ 15.81 billion in 2022 and is expected to grow at a CAGR of 6.4% during 2023-2028 to reach US$ 23 billion in 2028.

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    What are Elastic Adhesives & Sealants?

    Elastic adhesives and sealants are versatile materials that exhibit flexibility and resilience upon curing. Composed of polymers such as polyurethane or silicone, these substances provide durable bonds and effective sealing in various applications. They maintain elasticity even after curing, accommodating movement and vibration in bonded surfaces. Elastic adhesives are widely used in construction, automotive, aerospace, and manufacturing industries for bonding and sealing joints, gaps, and substrates. Their ability to withstand dynamic stresses, temperature variations, and environmental exposure makes them essential for applications where flexibility and durability are crucial, contributing to the longevity and performance of assembled components.

    Market Drivers

    The growth in various end-use industries such as industrial, construction, and automotive & transportation bolstered the demand for elastic adhesives & sealants, which in turn, is likely to drive the market during the forecast period.

    Segments Analysis

    Elastic-Adhesives-&-Sealants-Market-Dominant-Segments

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    By Resin Type

    The market is segmented into 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 various substrates. Depending on the structure of the 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. Due to their high elongation properties and stronger bonding, PU adhesives are used in bonding windscreens and windows of passenger cars, trucks, tractors, and special vehicles. They also find applications in bonding fiberglass-reinforced plastic elements such as roof, side, and frontal panels.

    By 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 fuel savings. These factors are expected to drive the demand for elastic adhesives & sealants in the automotive & transportation segment.

    Regional Analysis

    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.

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    Key Players

    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.

    Research Methodology

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. 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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Elastic Adhesives & Sealants Market 

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    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 of any one of the product types by application 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 to sales@stratviewresearch.com

     

    Frequently Asked Questions (FAQs)

    The Elastic Adhesives & Sealants Market is expected to grow at a CAGR of 6.4% during 2023-2028.

    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.

    The Elastic Adhesives & Sealants Market is expected to reach US$ 23 billion in 2028.

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

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

    Automotive & transportation are expected to be the fastest growing segment in the elastic adhesives & sealants market in the coming years.

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