Global Elastic adhesive market research report by end user (construction, industrial, automotive and transportation), by resin type (polyurethane, silicone, silane Modified Polymers (SMP), others) - Global Forecast 2018 -2025
These adhesives are extensively utilized in different end-user industries, particularly in transportation and construction. They are mostly consumed for glazing; the elastic adhesives have limited the use of nails, screws, and lightweight fittings, owing to which the popularity of the elastic adhesive market has increased.
The global elastic adhesive market is driven by increasing investment in the residential and non-residential construction industry. The product is widely used in the construction activities such as tiling, flooring, tile grout, and subfloor preparation. Rapidly expanding construction industry in the developing economies such as India and China coupled with rising disposable income is augmenting the market growth. Increased spending on construction activities by the government of emerging countries for the infrastructural development is likely to drive the market growth across regions. Further, in contrast to rigid-adhesive joints, elastic-adhesive layers deform under applied loads. This property is extremely useful for damping vibrations or displacing an external force. Exposure to heat, for example, may result in differential thermal expansion, causing adhesive-bonded components to move relative to one another. Elastic adhesives are well suited to join materials with different coefficients of linear expansion. The adhesive is able to deform, although the layer must be thick enough to accommodate that movement.
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Expanding automotive industry with the increasing demand for lightweight vehicles is fuelling the product demand worldwide. Furthermore, growing environmental regulations as a result of rising carbon emissions are likely to propel the market growth. Surging demand for aircraft with climbing air traffic and growing tourism in the emerging nations is another factor expected to drive the elastic adhesives growth. In contrast to this, lack of knowledge among consumers and decreased acceptability rate from end users hinders the market.
In 2014, Henkel AG & Co., KGaA, a German chemical, and consumer goods company, introduced two new products – Teroson EP 5065 and Tereson MS 9221 widely suitable for structural adhesions in vehicle components. In 2015, another key player Arkema, a global manufacturer of specialty chemicals and advanced materials, acquired Bostik, one of the largest adhesives and sealants companies. This acquisition is expected to strengthen Arkema to become a world leader in specialty chemicals and high-performance materials.
The global elastic adhesive market is studied across: North America, Europe, Asia Pacific and LMAEA (Latin America, Middle East and Africa). The Asia Pacific is the fast-growing region in the elastic adhesives market owing to the growing construction industry with rising investment in the residential activities coupled with rising disposable income of the consumers. Moreover, the market in the Asia Pacific has grown in the last few years owing to the growing income level, particularly in the middle-class inhabitants, and rising government investments, mainly in the construction & building division of the region. The Asia Pacific region is gradually becoming a significant global commerce and trade center. North America is the second largest region in the market with reviving automotive industry as a result of increasing demand for the fuel-efficient vehicles. Europe is another significant region in the market due to rapidly expanding construction and packaging & labeling industry. Moreover, rising regulations relating to carbon emission is stimulating the product demand. Latin America and the Middle East & Africa are likely to witness a moderate growth during the review period with growing demand for automobiles and rising investment on residential and non-residential construction activities.
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On the basis of Resin type:
Silane Modified Polymers (SMP)
On the basis of end user:
Sanitary & Kitchen
Automotive & Transportation
The prominent players in the elastic adhesive market are Henkel AG & Co., KGaA (Germany), Arkema (France), DowDuPont (U.S.), 3M (U.S.), Wacker Chemie AG (Germany), H.B. Fuller (U.S.), CEMEDINE Co., ltd (Japan), ThreeBond Holdings Co., Ltd (Japan), WEICON GmbH & Co.KG (Germany), Mapei Construction Products India Pvt Ltd (India), and SAMEDIA (Germany).
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