Global Elastic Adhesives Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global elastic adhesives market in its upcoming report titled, “Global Elastic Adhesives Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global elastic adhesives market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global elastic adhesives market report has been segmented on the basis of resin type, application, and region.

Elastic adhesives are materials, that exhibit similar properties such as rubber but offer various adhesive properties in unison. These type of adhesives once cured, form a strong and flexible rubber-like elastic bond.  Elastic adhesives also provide improved aesthetics to various consumer durables and windows. These adhesives are also used for glazing as they limit the use of screws, nails, and lightweight fittings. Moreover, they are compatible with various surfaces, and are used on widely on metal surfaces, painted surfaces, wood, and glass. Major end-use industries for elastic adhesives include construction, industrial, and automotive & transportation.

Increasing adoption of elastic adhesives from various end-use industries, such as construction, transport, etc. is a major factor driving growth of the global elastic adhesives market. In addition, rising demand for low carbon emitting vehicles and increasing number of applications of elastic adhesives are other major factors anticipated to boost growth of the global elastic adhesives market over the forecast period.

However, lack of awareness among end users about elastic adhesives and their various benefits, especially in developing economies is a major factor restraining growth of the global elastic adhesives market. Additionally, minimal acceptance rate of elastic adhesives is another factor expected to hamper growth of the global elastic adhesives market over the forecast period.

Currently, the market in Asia Pacific dominates the global elastic adhesives market in revenue terms owing to increasing investment by governments in countries in the region, especially into construction sector. The market in Europe accounted for second-highest revenue share in the global elastic adhesives market, due to growing demand from the automotive & transportation industries, followed by markets in North America, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to rising income level of the middle-class population and rise in government initiatives for improvement of healthcare facilities in the region.

Global elastic adhesives market segmentation:

By resin type:

• Polyurethane
• Silicone
• Silane Modified Polymers (SMP)
• Others

By application:

• Construction
• Industrial
• Automotive & Transportation
• Others

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa