Global Elastic Bonding Sealant Market:Overview
In orderto provide flexibility when two different materials are to be bonded, a layeror thin permanent elastic can be used. This technique is termed as ‘elasticbonding’. For this purpose, elastic bonding sealants are gaining momentum inindustrial applications. Several end-use industries such as automotive,construction, and marine industry find use in elastic bonding sealant market.There is high demand from a diverse range of applications, as elastic bondingsealants absorb any external stress or shock. Additionally, during curingprocess, these substances are not susceptible to distortion.
The reportoffers various perspectives into the various factors boosting market segments,competitive analytics, the market’s leading trends, and the restraints of theglobal elasticbonding sealant market. The study analyzes the various steps ofprogress witnessed by the industry considering current models that would impactthe market over the forecast period of 2018 and 2026.
Global Elastic Bonding Sealant Market: Trends and Opportunities
A numberof applications across diverse industries such as consumer packaging,aerospace, construction, and automotive. Composite joints are used extensivelyin roofing and tiling applications, flooring, rail adhesive, insulationapplications, among others. This has led to a high demand for the product,leading to higher sales in the global elastic bonding sealant market.
A keyfactor boosting the global elastic bonding sealant market is the material’sability to reduce weight of the finished product. Elastic bonding sealants tonot cater to the weight of the product as compared to traditional adhesives andsealant. The growing demand for reduction in weight of automotive parts for improvedvehicle efficiency is expected to augur well for the growth of this market.OEMs are expected to generate several opportunities in key industries, fuellingthe global elastic bonding sealant market.
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Additionally,the revival of the construction sector is expected to garner further sales inthe global elastic bonding sealant market. A number of product manufacturersare seen focusing on the production of environment-friendly products regulatedmarkets, which is expected to impact the elastic bonding sealant marketpositively.
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Global Elastic Bonding Sealant Market: Regional Outlook
Geographically,Asia Pacific is expected to emerge as the leading region in the global elasticbonding sealant market in the coming years. The region has a large pool of populationwith rising disposable incomes. The construction and building industry in theregion is booming, and is expected to pull in investments from governmentorganizations. With the growing participation of Asia Pacific in the globaltrade and ecommerce scenario, the demand for elastic bonding sealant isexpected to rise.
Global Elastic Bonding Sealant Market: Competitive Landscape
Prominentplayers operating in the global elastic bonding sealant market are H.B. Fuller,Weicon GmbH & Co. KG, Henkel Corporation, Cemedine, and Dow ChemicalCompany, among others.
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