An adhesive is an amalgam which sticks two items together. They are made naturally or from human-made materials. Adhesives find their applications in some binding techniques like sewing, mechanical fastening, and thermal bonding. Adhesive tapes, glue, and sticky tac are some common examples. Elastic adhesives are a type of adhesive which is used for bonding or sealing different vibrating substrates such as buses, trains, and washing machines. Elastic adhesive tapes possess superior properties like rubber-like elasticity, low contraction distortion while curing, high peel strength, impact resistance, and flexibility. They absorb external stress of vibration & shock and disperse internal stress from adherent.
MARKET DYNAMICS
Advancement in adhesive bonding for the purpose of attaining ease in the application is driving the growth of the elastic adhesive market. Along with this, incrementing spending of the government in construction activities for the sake of infrastructural development is also fuelling the market. However, the lack of knowledge and decline in the acceptance rate of elastic adhesives hampers the fruitful development of the elastic adhesives market. An upsurge in demand for non-hazardous, green & sustainable elastics bonding adhesives and sealants is anticipated to bolster the growth of the market in the near future.
MARKET SCOPE
The "Global Elastic Adhesive Market Analysis to 2028" is a specialized and in-depth study of the chemical and the material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the elastic adhesive market with detailed market segmentation by resin type, application, end-use industry, and geography. The global elastic adhesive market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading elastic adhesive players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global elastic adhesive market is segmented on the basis of resin type, application, end use industry and geography. On the basis of resin type the market classify into polyurethane, silicone, silane modified polymers and others. The market on the basis of application is broken into building maintenance, floor covering and automobiles. As per end use industry the market is bifurcated into construction, industrial, automotive and transportation.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The elastic adhesive market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the elastic adhesive market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the elastic adhesive market in these regions.
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MARKET PLAYERSThe reports cover key developments in the elastic adhesive market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from elastic adhesive market are anticipated to lucrative growth opportunities in the future with the rising demand for elastic adhesive in the global market. Below mentioned is the list of few companies engaged in the elastic adhesive market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the elastic adhesive market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-3M
-Arkema S.A
-Beijing Comens New Materials
-Cemedine
-Grupo Celo
-Henkel
-Mapei
-Sika AG
-Wacker Chemie
-Weicon
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