The Elastic Adhesive Market was valued at USD 13.62 Billion in 2016 and is projected to reach USD 20.07 Billion by 2022, at a CAGR of 6.68% during the forecast period from 2017 to 2022. The scope of the report includes elastic bonding adhesives and sealants. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.
Request for sample PDF: https://www.marketsandmarkets.com/pdfdownload.asp?id=234763009
The construction segment is expected to lead the Elastic Adhesive Market in 2017. Elastic adhesives are used in a myriad of applications such as flooring, tiling, glazing, waterproofing, carpet laying, wall covering, insulating, and roofing. They are also used in the civil sector. Adhesives are important in construction applications as they are used to bond, renovate, and maintain & repair residential and commercial buildings. The materials being used in the modular constructions such as plastics, composites, and acrylics, among others require extensive finish work.
The polyurethane segment is expected to lead the Elastic Adhesive Market in 2017, in terms of both value and volume. Due to their high elongation properties and strong bonding, polyurethane elastic adhesives are used in bonding windscreens and windows of passenger cars, trucks, tractors, and special vehicles. They are also used for bonding fiberglass-reinforced plastic elements such as roofs and side and frontal panels of automobiles. Polyurethane elastic adhesives have the edge over silicone elastic adhesives as they can be easily painted and offer a fissure-free coated surface for a long period of time.
The Asia Pacific region is projected to be the largest market for elastic adhesives during the forecast period. The growth of the Asia Pacific Elastic Adhesive Market can be attributed to the rising demand for economic, commercial, and infrastructural activities in emerging economies such as China, India, Thailand, Indonesia, Bangladesh, and Vietnam, among others. The manufacturers of elastic adhesives are targeting this region as it has the largest construction industry in the world that accounted for approximately 40% of the global construction spending in 2016
The key companies operating in the Elastic Adhesive Market include Henkel (Germany), 3M (US), Arkema (France), Weicon (Germany), Wacker Chemie (Germany), and Sika (Switzerland), among others.
Early buyers will receive 10% customization on this report.
For more details: Click Here
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
Contact:
Mr. Shelly Singh
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]