Elastic adhesive Market – Analysis and Forecast (2018-2024)

Elastic adhesive Market

Elastic adhesive Market Industry Overview Elastic adhesive are used to join two materials with a coating of these adhesives. These adhesives offers

impact resistance, high discard strength, and flexibility. The global elastic adhesive market is growing at a decent rate and expected to achieve the good growth during the forecast period. This is attributed to the

extensive use of these adhesives in various end-user industries, majorly in construction and transportation. They are also majorly consumed for glazing, which has limited the use of screws, nails, and others, which has contributed towards the market growth.

Elastic adhesive Market

Based on end-user, the elastic adhesive market is classified into construction, industrial, automotive and transportation, and others. The construction industry is the largest consumer of these adhesives; hence

hold the largest share in the market. The rising investment in the infrastructural activity by the government of various countries is further driving the demand of these adhesives in the market.

Elastic adhesive Market Geographic Overview: Asia-Pacific is projected to witness the highest growth in the elastic adhesive market during the forecast

period. The regional elastic adhesive industry has seen a significant growth in the recent years. This is attributed to the increasing income level of the middle-class population, rising government investment in

various industries, particularly construction. The shift in manufacturing bases from developed to developing countries due to the stringent regulations and low labor is also among the major factors that are driving the demand of these adhesives in the market.

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Elastic adhesive Market Competitive Insight The most prominent players operating in the elastic adhesives industry are Henkel AG & Co., KGaA, Arkema

Group, DowDuPont, Inc., 3M Company, Wacker Chemie AG, H.B. Fuller, ThreeBond Holdings Co., Ltd, CEMEDINE Co., Ltd., Mapei Construction Products India Pvt. Ltd., and SAMEDIA.

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