Elastic Adhesive Market Sector Analysis Report, Regional Outlook & Competitive Share & Forecast

SDKI Inc. published a new research report on "Elastic Adhesive Market-Global Forecast 2030". The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2022-2030 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-109539

The elastic adhesive market is estimated to grow from a market value of US $ 20.07 billion in 2022 to US $ 31.56 billion by 2030, with a CAGR of 6.68% during the forecast period.

Increasing use of superior adhesives and sealants in vehicles and glazing and flooring applications is expected to boost the growth of the elastic adhesive market around the world. Advances in adhesive bonding to achieve application ease are driving the growth of this market. Increasing government spending on construction activities for infrastructure development is also driving market growth. In addition, the surge in demand for harmless, environmentally friendly and sustainable elastics that bind adhesives and sealants is expected to boost market growth in the coming years. However, the lack of end-user awareness of the benefits offered by elastic adhesives can curb the growth of the elastic adhesive market during the forecast period.

Market Segments

The elastic adhesive market is divided by resin type (polyurethane, silicone, SMP), end-use industry (construction, industry, automotive / transportation), and region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Based on the end-use industry, the automotive and transportation segment is expected to grow at a maximum CAGR during the forecast period.

The automotive and transportation segment is projected to grow at the largest CAGR between 2022 and 2030. The high growth of this segment of the market can be attributed to the increased use of elastic adhesives in various applications such as direct glazing. The use of elastic glue not only improves the aesthetics of the car, but also reduces weight, thereby increasing fuel efficiency and limiting carbon emissions. Traditionally, adhesives have been used to bond windshields. These days, they are also used in laminating, gluing, tail lighting, and assembling automobile interior parts. Adhesives are also used in headliners and interior trims.

Regional Overview

In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. The Asia Pacific elastic adhesive market is expected to grow at a maximum CAGR during the forecast period. Market growth in the region is driven by population growth in the region, and demand for residential and commercial buildings is increasing. In addition, improving the local economy, which leads to improved infrastructure, has led to the growth of the construction and industrial sectors, and has contributed to the growth of the market. The Asia-Pacific region is a major consumer of elastic adhesives worldwide due to the increasing use of elastic adhesives in residential, commercial, and infrastructure applications.

In addition, the elastic adhesive market in countries such as China, India, Thailand and Indonesia is growing strongly due to the growing population and the prosperity of public and residential infrastructure. Therefore, increasing demand for elastic adhesives from emerging economies is expected to drive market growth in the region during the forecast period.

For more detailed analysis, each region is further divided into countries:
Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific)
North America (US and Canada)
Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)
Latin America (Brazil, Mexico, Argentina, and other Latin America)
Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)

Key Players on the Market

Key players on the elastic adhesive market include Henkel (Germany), 3M (US), Arkema (France), Weicon (Germany), Wacker Chemie (Germany) and Sika (Switzerland). I have. The study includes a detailed competitive analysis of these major companies in the elastic adhesive market, corporate profiles, recent developments, and key market strategies.

Details of the survey report
https://www.sdki.jp/reports/elastic-adhesive-market/109539

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SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.