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Global Elastomeric Adhesives Market Overview
The global elastomeric adhesives market was valued at USD 6,030 million in 2022 and is estimated to reach a value of USD 10,250 million by 2033 with a CAGR of 5.2%. Elastomeric adhesives are air-drying contact adhesives built to be utilized to join seams and butt joints. Elastomeric adhesives & finishes emit high strength bonds, excellent flexibility, weather resistance, and durability, and prove to be vital in applications which demand resistance to vibration, shock, and impact. Impact resistance, high discard strength, and flexibility are the specifications that the products of elastomeric adhesives possess.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 6,030 Million |
Market Forecast in 2033 | USD 10,250 Million |
CAGR % 2023-2033 | 5.2% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type and application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | 3M, Sika Group, CRC Industries, Master Bond, Avery Dennison, Cemedine, Polymeric Systemsand Techniseal |
Owing to its widespread use in a variety of end-user sectors, particularly construction and transportation the market is established to witness growth at a healthy rate during the forecast period. The factor even played a prime role during the previous forecast period of 2018 to 2021.
Construction operations such as flooring, tiling, tile grout, and subfloor preparation make use of these adhesives and thus the increasing construction activities across the globe are boosting the growth of the market during the forecast period. Apart from this a variety of sectors for purposes such as sealing, glueing, and coating and thus even the applications in these areas are boosting the growth of the market during the forecast period.
Global Elastomeric Adhesives Market Key Trends
Increasing construction activities to boost the market
Increasing government spending on construction factors and infrastructural upgradation in their respective countries is estimated to foster the market demand for the product. Also, the rising demand for lightweight automobiles in the automotive sector is driving product demand around the world.
Wide range of usage of these adhesives to foster the market growth
Construction operations such as flooring, tiling, tile grout, and subfloor preparation make use of these adhesives and thus the increasing construction activities across the globe are boosting the growth of the market during the forecast period. Apart from this a variety of sectors for purposes such as sealing, glueing, and coating and thus even the applications in these areas are boosting the growth of the market during the forecast period.
Global Elastomeric Adhesives Market Geographical Landscape
It is estimated for the Asia Pacific region to witness immense growth in the market. The region is expected to grow at a healthy CAGR of during the forecast period. The market in Europe is projected to grow at a stable CAGR during the forecast period. The rising population in the region of Asia Pacific leading to increasing constriction activities is driving the growth of the market during the forecast period.
the demand for elastomeric adhesives in Latin America is expected to grow at a significant rate in the coming years. The growth is attributed to the increasing demand for high-performance and eco-friendly adhesives in various end-use industries, such as construction, automotive, and packaging.
The construction industry is the largest consumer of elastomeric adhesives in Latin America, driven by the region's growing infrastructure development and renovation activities. The use of elastomeric adhesives in the construction industry offers several benefits, such as improved bonding strength, durability, and resistance to extreme temperatures and harsh chemicals.
Moreover, the increasing demand for lightweight and fuel-efficient vehicles in the automotive industry is driving the use of elastomeric adhesives in the region. Elastomeric adhesives are used for bonding various components in automobiles, such as body panels, trims, and insulation materials, offering improved safety and performance.
The packaging industry is also expected to drive the demand for elastomeric adhesives in Latin America, driven by the increasing demand for eco-friendly and sustainable packaging solutions.
Overall, the growing demand for high-performance and sustainable adhesives in various end-use industries is expected to drive the growth of the elastomeric adhesives market in Latin America in the coming years.
Global Elastomeric Adhesives Market Competitive Hierarchy
3M, Sika Group, CRC Industries, Master Bond, Avery Dennison, Cemedine, Polymeric Systemsand Techniseal are the players that are driving the growth of the market during the forecast period.
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
Business Model
Production Capacity, Revenue, Sales, Gross Margin
Key Business Strategy
SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
Company Share Analysis from 2018-2022
Company Analysis by Revenue and Sales
Company Production Capacity, Gross Margin
Company Share Analysis by Application/End Use
Company Share Analysis by Product/Specification
By Type
Silane Modified Polymers
Polyurethanes
Silicones
By Application
Automotive
Transportation
Building and Construction
Electrical and Electronic Equipment
Others
Regions
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Korea
Rest of Asia pacific
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
Egypt
Oman
Kuwait
South Africa
Rest of MEA
