Press release
Elastomeric Adhesives Market Industry Statistics and Growth Trends Analysis Forecast 2016 - 2030
Global Elastomeric Adhesives Market to grow at a CAGR of 5.7% during the forecast period of 2022 to 2030. The market witnessed growth at a healthy CAGR even during the previous forecast period of 2018 to 2021.The automotive industry makes extensive use of elastomeric adhesives. Elastomers are well suited for use as coatings on automotive exterior panels because of their high flexibility and good sealing qualities, which allow them to remain flexible at -40 degrees Celsius. In order to create elastomeric polyolefins, a monomer that forms numerous chains into a polymer is used. For instance, the most often used monomers to create important polymers like polypropylene and polyethylene are ethylene and propylene. Elastomeric polyolefins are a relatively new family of polymers as a result of recent advancements made in metallocene polymerization catalysts.
Elastomeric adhesives are special adhesives used in a variety of sectors for sealing, bonding, coating, etc. applications. These adhesives often stretch before shrinking back to their initial size.
Despite the fact that elastomeric adhesives have been around for a while, current technological developments have given the industry a fresh perspective. These technological developments have increased the market demand for elastomeric adhesives, which has led to increases in performance metrics like tensile strength, water resistance, elongation at break, etc.
Elastomeric adhesives are being utilised more frequently to affix various substrate materials, such as plastic, metal, and wood. Prior to the usage of elastomeric adhesives, priming materials were applied to substrates to achieve improved performance. But as time went on, several kinds of elastomeric adhesives emerged.
What Factors Are Encouraging the Market for Elastomeric Adhesive Market to Grow?
The elastomeric adhesives market is growing as a result of a number of factors, including the exponential growth of end-use industries like the automotive and construction sectors, the rising demand for superior adhesives for bonding and sealing applications, technological advancements in elastomeric adhesives, and growing consumer awareness of the advantages of elastomeric adhesives.
Elastomeric adhesive demand has significantly increased in recent years due to its many benefits over other forms of adhesives. These adhesives offer great resistance to chemical dangers, shocks, harsh temperatures, and vibration in addition to superior bonding properties. Additionally, they are stronger and more resistant to moisture, which contributes to their excellent sealing functioning.
There are several different types of elastomeric adhesives, including latex cements, pressure-sensitive films, and solutions and dispersions. Due to their high flexibility, these products are frequently utilised for bonding, sealing, and coating applications across numerous sectors.
The popularity of elastomeric adhesives, which can function correctly in high-temperature environments and cryogenic situations, will drive their uptake throughout the projected period. High impact, vibration, or movement of the bonded junction are not a problem for these adhesives.
Elastomeric adhesives are particularly in demand in the automobile, maritime, electrical appliance, and building and construction industries. Elastomeric adhesives will eventually see growth opportunities in the upcoming era as a result of these industries' rapid growth.
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Global Elastomeric Adhesives Market - Segmental Assessment
By Type
• Silane Modified Polymers
• Polyurethanes
• Silicones
It is estimated for the Silane Modified Polymers segment to drive the growth of the market.
By Application
• Automotive
• Transportation
• Building and Construction
• Electrical and Electronic Equipment
• Others
It is estimated for the Electrical and Electronic Equipment segment to drive the growth of the market.
Global Elastomeric Adhesives Market - Competitive Hierarchy
3M, Sika Group, CRC Industries, Master Bond, Avery Dennison, Cemedine, Polymeric Systemsand Techniseal are the players that are driving the growth of the market during the forecast period.
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Frequently Asked Questions
• What is the estimated growth rate for the market during the forecast period?
• What are some of the factors that are driving the growth of the market during the forecast period?
• What is the reason behind the growth of these adhesives in the market?
• Who are the players that are boosting the growth of the market?
• Which region is estimated to boost the growth of the market during the forecast period?
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