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The objective of the Elastic Adhesives & Sealants Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Elastic Adhesives & Sealants Market.
Market Insights – The Elastic Adhesives & Sealants Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating 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.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Elastic Adhesives & Sealants Market value and growth drivers over the trend period of 2022-27. According to the report -
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.
Segment Analysis:
Based on Production 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.
Based on 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.
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Critical Questions Answered in the Report
l What are the key trends in the global Elastic Adhesives & Sealants Market?
l How the Elastic Adhesives & Sealants Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Elastic Adhesives & Sealants Market?
l What are the key strategies adopted by the major vendors to lead in the Elastic Adhesives & Sealants Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Elastic Adhesives & Sealants Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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