Market Size of Elastic Bonding Adhesive and Sealant Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Elastic Bonding Adhesive and Sealant Market Analysis
The market for elastic bonding adhesive sealant is expected to register a CAGR of greater than 5% globally during the forecast period. Elastic adhesives are based on special denatured polymer and have strong rubber-like elasticity with adhesion properties.
- The increasing applications of elastic bonding adhesives in the automotive and transportation industry are contributing to the growth and driving the demand. Moreover, the growing demand for high-rise buildings is also expected to drive the market.
- On the flip side, the stringent regulations for the production of these adhesives are expected to hinder the market growth. Moreover, the unfavorable conditions arising due to the COVID-19 outbreak is also expected to hamper the market growth.
- Asia-Pacific is the largest market for these adhesives due to the established industrial production and growth in the construction industry.
Elastic Bonding Adhesive and Sealant Industry Segmentation
The elastic bonding adhesive and sealant market report includes:
| Product | |
| Silyl and Silane Modified Polymers | |
| Polyutrethane | |
| Silicone | |
| Other Products |
| End-user Industry | |
| Automotive and Transportation | |
| Building and Construction | |
| Industrial | |
| Other End-user Industries |
| Geography | |||||||
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Elastic Bonding Adhesive and Sealant Market Size Summary
The elastic bonding adhesive and sealant market is poised for significant growth, driven by its increasing applications in the automotive and transportation sectors. These adhesives, known for their rubber-like elasticity and strong adhesion properties, are becoming essential in various industries, including automotive manufacturing, aerospace, and construction. The demand is further bolstered by the rising need for high-rise buildings, which require durable and flexible sealing solutions. However, the market faces challenges from stringent regulatory standards and the lingering impacts of the COVID-19 pandemic, which have somewhat dampened growth prospects. Despite these challenges, the market is expected to expand, with Asia-Pacific leading due to its robust industrial base and burgeoning construction activities.
Asia-Pacific is anticipated to dominate the elastic bonding adhesive market, supported by its established automotive and construction industries. Countries like China, India, and Japan are key players, with China being a major hub for automotive production. The region's growth is fueled by investments in new construction projects and the expansion of automotive manufacturing facilities by major car manufacturers. This trend is expected to drive the demand for elastic bonding adhesives and sealants, as these products are crucial for ensuring durability and flexibility in various applications. The market is partially consolidated, with major companies like Henkel AG & Co. KGaA, Arkema SA, and 3M holding significant market shares, indicating a competitive landscape with a few dominant players.
Elastic Bonding Adhesive and Sealant Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Applications in the Automotive and Transportation Industry
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1.1.2 Growing Demand for High-rise Buildings
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1.2 Restraints
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1.2.1 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product
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2.1.1 Silyl and Silane Modified Polymers
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2.1.2 Polyutrethane
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2.1.3 Silicone
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2.1.4 Other Products
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2.2 End-user Industry
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2.2.1 Automotive and Transportation
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2.2.2 Building and Construction
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2.2.3 Industrial
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2.2.4 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Elastic Bonding Adhesive and Sealant Market Size FAQs
What is the current Elastic Bonding Adhesive and Sealant Market size?
The Elastic Bonding Adhesive and Sealant Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Elastic Bonding Adhesive and Sealant Market?
Henkel AG & CO. KGaA, Sika AG , 3M, Bostik (Arkema) and H.B. Fuller Company are the major companies operating in the Elastic Bonding Adhesive and Sealant Market.
