Elastic Adhesives & Sealants Market

Elastic Adhesives & Sealants Market Size (2023-2028):

The Elastic Adhesives & Sealants Market is estimated to grow from USD 17.4 billion in 2022 and reach USD 22.3 billion by 2028, at a compound annual growth rate of 8.3% over the predicted period (2023-2028)

These adhesives and sealants offer enhanced visual appeal for windows, consumer durables, and others by restricting the use of screws, nails, and lightweight fittings, which made them ideal choices in applications like glazing, flooring, and assembling.

Some of the various industries like building & construction, transportation, and packaging & labeling are superior properties possessed by the elastic adhesives that make them suitable for use. When curing, they offer strong rubber-like elasticity and adhesive properties like low contraction distortion, high peel strength, flexibility, and impact resistance are important factors in the Elastic Adhesives and Sealants Market.

Drivers & Restraints in the Elastic Adhesives & Sealants Market:

The increasing investment in the residential and non-residential construction industry is mainly driving global business. The elastic adhesives product is mostly used in construction activities like tiling, flooring, tile grout, and subfloor preparation. The rapid developments in the construction industry in emerging economies like India and China coupled with rising disposable income is augmenting the market growth. The increasing spending on construction activities by the government for infrastructural developments is also driving this business forward.

The increasing demand for lightweight vehicles with the expanding automotive industry is fuelling the product demand globally. Also, environmental regulations as a result of rising carbon emissions are propelling market growth. Surging demand for aircraft with climbing air traffic and growing tourism in emerging nations is promoting this business.

The glazing and window panel applications are raising the demand with the increasing number of high-rise buildings that are not attached with screws but bonded with adhesives, as they are available for better-joining properties, aesthetics, and longer bond life. These buildings have improved aesthetics and provide exceptionally good Ultra Violet light and weathering resistance.  Using elastic adhesives & sealants in bonding window panels and window panels offers many more advantages like vibration dampening; lesser assembly time; extremely good finish quality; and lower requirement for cold-conducting metal frames in panes and panels this quality are offered. The elastic adhesives & sealants market is promoted by developed infrastructural designs, architectural setups, and the advantages of glazing.

The elastic sealants are still low among end-users by the rate of acceptance. This low acceptance rate may be because of their lack of awareness about the availability of end-user preference to use conventional sealants. Conventional adhesives & sealants for the end-users are satisfied with the results obtained but also lack the advantages of elastic sealants but serve the intention of bonding substrates like glass or silicon, to each other by means of various chemical and bonding substrates together. To maintain the lower costs of end-products, manufacturers still neglect additional benefits like improved flexibility, thermal cycling resistance, peel strength, and long-term durability.

ELASTIC ADHESIVES & SEALANTS MARKET REPORT COVERAGE:

Market Segmentation:

Elastic Adhesives & Sealants Market - By Resin:

• Polyurethane

• Silicone

• SMP

• Others

The polyurethane segment is estimated to have the largest share over the forecast period. They have better adhesion and paintability characteristics and Polyurethanes are used mostly for bonding windscreens, and side and rear windows of passenger cars, trucks, tractors, and special vehicles.

Elastic Adhesives & Sealants Market - By End-Use:

• Construction

• Industrial

• Automotive & Transportation

Automotive & transportation are estimated to register the highest compound annual growth rate in the outlook period. In automobiles, front glass windshields, side glass, and car bodies have numerous uses in the global elastic adhesives & sealants market. The elastic adhesives & sealants are used in places that require moderate adhesion but high elongation.

Elastic Adhesives & Sealants Market - By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa 

The Asia Pacific is estimated to register the highest compound annual growth rate over the calculated period. The Asia Pacific elastic adhesives & sealants market is segmented into China, Japan, India, South Korea, Thailand, Malaysia, and the Rest of the Asia Pacific region. The Asia Pacific is an emerging and lucrative market for elastic adhesives & sealants, owing to industrial development and improving economic conditions. This region constitutes approx. sixty-one percent of the world’s population, resulting in the growth of the manufacturing and processing sectors

Elastic Adhesives & Sealants Market Key Players:

• H.B. Fuller Company

• 3M Company

• Henkel AG & CO. KGAA

• DowDuPont

• Weicon GmbH & Co. KG

• Threebond Holdings Co.

• Sika AG

• Arkema (Bostik)

• Beijing Comens New Materials Co. Ltd.

•  Cemedine Co. Ltd